Top tier operational results and execution of growth projects set stage for strong second half CALGARY, July 30, 2013 /CNW/ - MEG Energy Corp. today reported second quarter 2013 operational and financial results. Highlights include: Phase 2B water treatment and steam generation facilities are mechanically complete, with commissioning underway and steaming set to begin later in the third quarter, with first oil planned in the fourth quarter; Near-record quarterly production volumes of [Read more]
News
NEB releases List of Issues for the Trans Mountain Expansion Project
CALGARY, July 29, 2013 /CNW/ - The National Energy Board (NEB or the Board) released today the List of Issues, which identifies the topics that will be considered during the review process for the Trans Mountain Expansion Project. A Project Description was filed by Trans Mountain Pipeline ULC (Trans Mountain) on 23 May 2013. The List of Issues is based on the information provided in the description. The company has not yet submitted an application for the project. Further details about the [Read more]
Border Announces Filing of Financials, Annual Information Form and Reserves Data and Provides Operational and Corporate Update
CALGARY, ALBERTA--(Marketwired - July 29, 2013) - Border Petroleum Corp. ("Border" or the "Corporation") (TSX VENTURE:BOR) today announces financial results for its year ended March 31, 2013. The audited financial statements and management's discussion & analysis ("MD&A") have been filed on SEDAR. The Corporation also announces that pursuant to NI 51-101 it has filed its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information, Form 51-101F2 Report on Reserves Data by [Read more]
NEB says oilsands, destination for oil won’t be weighed in Trans Mountain review
CALGARY - The National Energy Board says the environmental impacts of oilsands development won't be part of its review of Kinder Morgan's proposal to nearly triple the size of its Trans Mountain pipeline.Even though Kinder Morgan hasn't filed a regulatory application for the project yet, the NEB has released a list of issues it intends to weigh during the review process.The federal energy watchdog says it will look at the project's impact on landowners and First Nations along the [Read more]
PanTerra Announces Future Financing Update
CALGARY, July 29, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that it has received a letter of intent from Insch Commodity Ltd ("Insch") committing a further Five Million Dollars ($5,000,000) in future funding for "go-forward" joint venture projects that PanTerra and Insch are currently involved in. This funding will be utilized for the drilling of several new wells at the Company's Tomahawk project as well as the immediate commencement of the Carrot [Read more]
Saudi Prince: Fracking threats Kingdom
A Saudi prince has warned that his oil-reliant nation is under threat because of fracking technology being developed elsewhere around the world. Billionaire Prince Alwaleed bin Talal said the Gulf Arab kingdom needed to reduce its reliance on crude oil and diversify its revenues. His warning comes as rising shale energy supplies in the United States cut global demand for Saudi oil. In an open letter to his country's oil minister Ali al Naimi and other government heads, published on [Read more]
TransCanada sticks by its numbers after Obama challenges Keystone job estimates
CALGARY - TransCanada Corp. insists that the proposed Keystone XL pipeline will create about 20,000 jobs, despite suggestions by U.S. president Barack Obama that those estimates might be unrealistic.In an interview with The New York Times this weekend, Obama said that based on "the most realistic estimates" the project might create "maybe 2,000 jobs" during the construction of the pipeline."...and then after that we're talking about somewhere between 50 and 100 jobs in an economy of [Read more]
Some say industry arrogance fueled fracking anger
By Kevin Begos Associated Press PITTSBURGH (AP) — The boom in oil and gas fracking has led to jobs, billions in royalties and profits, and even some environmental gains. But some experts say arrogance, a lack of transparency and poor communication on the part of the drilling industry have helped fuel public anger over the process of hydraulic fracturing, or fracking. “It’s a big issue for the industry. I have called for greater transparency. That is the only way to have an honest [Read more]
Oil by rail requires special care: experts
OTTAWA - The sort of disaster that struck Lac-Megantic may thankfully be rare but the consequences are so grave when serious derailments involving oil do occur, extraordinary measures must be taken to prevent them, say proponents of stricter protocols.A Montreal, Maine & Atlantic train carrying 72 tank cars filled with oil exploded after it unexpectedly began rolling and went off the tracks in the small Quebec town on July 6, taking an estimated 47 lives.The disaster — one of the [Read more]
Encana-proposed drilling in southern Michigan draws attention
LANSING, Mich. (AP) — A proposal to drill as many as 500 wells in Michigan’s northern Lower Peninsula by using hydraulic fracturing is attracting attention and criticism from environmentalists. Encana Corp., which has drilled about a dozen wells since 2009, has proposed the new wells, The Detroit News reported, and spokesman Doug Hock says the company is “in the early stages” of new drilling in Michigan. Until “we do the exploration, we won’t know whether we have something that can scale [Read more]