Pembina to invest $65 million at its Redwater site to build a new hydrocarbon storage cavern and to advance potential third fractionator CALGARY, July 31, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has entered into long-term cost-of-service agreements with NOVA Chemicals Corporation ("NOVA") for the use of an underground storage cavern currently in development at Pembina's Redwater fractionation and storage site [Read more]
News
Canadian Natural Resources says leaks at Primrose oilsands operation contained
CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ) says a mechanical failure caused contamination at its Primrose project on the Cold Lake Air Weapons Range, but says the damage has been contained and cleanup is ongoing.About 6,300 barrels of bitumen emulsion have been collected to date, with the rate of seepage now totalling less than 20 barrels per day, the company said Wednesday. The four locations initially impacted at Primrose covered an area of 20.7 hectares, but the area in [Read more]
Ford to offer natural gas F-150 for 2014
DETROIT (AP) -- Ford soon will offer a natural gas version of its F-150 pickup truck, the most popular vehicle in America. The company is the first Detroit automaker with that option in a light-duty pickup truck. Ford, General Motors and Chrysler already have natural gas-powered heavy-duty trucks. Ford says natural gas will be available on the 2014 F-150s with 3.7-Liter V-6 engines. The trucks will have factory-installed valves, pistons and rings to handle natural gas and gasoline. The option [Read more]
Athabasca Oil Corporation Reports Second Quarter 2013 Results
CALGARY, July 31, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its second quarter 2013 results. Highlights Capital expenditures during the second quarter totalled $143 million, $92 million in the Thermal Oil Division and $48 million in the Light Oil Division and the remainder for corporate assets; Production in the second quarter averaged 7,258 barrels of oil equivalent per day ("boe/d"), with an average production of 8,552 boe/d [Read more]
Canadian Natural Resources Limited Current Status of Primrose Operations
CALGARY, ALBERTA--(Marketwired - July 31, 2013) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") would like to provide an update to an incident at the Company's Primrose development area in which bitumen emulsion was discovered at surface at four separate locations. The discoveries were immediately reported to the Alberta Energy Regulator ("AER") and concurrently crews were dispatched to initiate necessary action. Each location has been secured and [Read more]
Talisman Energy posts Q2 operating loss
CALGARY - Talisman Energy Inc. (TSX:TLM) is reporting an operating loss in the second quarter, worse than analysts had expected from the Calgary-based oil and gas producer.Talisman reported a $27 million loss from operations, or three cents per share, in the quarter — down from a year earlier profit of $71 million or seven cents per share.Analysts polled by Thomson Reuters had recently lowered their estimates for Talisman to less than a cent per share of adjusted earnings.The [Read more]
Keyera and Kinder Morgan to Construct Crude Oil Rail Loading Terminal in Edmonton
CALGARY, July 30, 2013 /CNW/ - Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) ("Keyera") and Kinder Morgan Energy Partners L.P. (NYSE:KMP) ("Kinder Morgan") today announced a 50-50 joint venture to build a crude oil rail loading facility in Edmonton, Alberta called the Alberta Crude Terminal. When complete, the Alberta Crude Terminal will be able to accept crude oil streams handled at Kinder Morgan's Edmonton Terminal for loading and delivery via rail to refineries anywhere inNorth America. "We are [Read more]
Canadian Oil Sands Announces Second Quarter Financial Results and a $0.35 Per Share Dividend
CALGARY, ALBERTA--(Marketwired - July 30, 2013) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) All financial figures are unaudited and in Canadian dollars unless otherwise noted. Highlights for the three and six-month periods ended June 30, 2013: Cash flow from operations increased to $343 million, or $0.71 per Share, in the second quarter of 2013 from $245 million, or $0.51 per Share, in the second quarter of 2012, reflecting a higher realized [Read more]
MGM Energy Corp. Announces Resignation of Director
CALGARY, ALBERTA--(Marketwired - July 30, 2013) - MGM Energy Corp. (TSX:MGX) ("MGM Energy" or the "Company") announces that Robert (Bob) Rooney resigned from the Company's Board of Directors as of July 29, 2013. Mr. Rooney has been a director of the Company since its formation in January 2007 and has provided the Company with tremendous support and guidance during his tenure. The Company would like to thank Mr. Rooney for his contributions as a member of the Board of Directors and wish [Read more]
Trinidad Drilling Ltd. signs contract to build new rig for Northern Canada LNG project
CALGARY, July 30, 2013 /CNW/ - Trinidad Drilling Ltd. ("Trinidad" or "the Company") is pleased to announce that it has signed a contract to build one of Canada's largest and most technically-advanced land rigs. The rig is being constructed to drill natural gas in the Liard Basin, an area that is being developed to supply gas for the future liquefied natural gas (LNG) plants proposed for the west coast of British Columbia. The new rig will be constructed at Trinidad's in-house manufacturing [Read more]