VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH) (PINKSHEETS:ARSLF) (FRANKFURT:AKC) announces that on July 23, 2013 it acquired a 100% working interest in section 36 Twp. 41 Rge, 11 W5M, the 10-36-41-11 W5M well (the "10-36 Well"), and an approximate 4.36 km 4.5 inch natural gas pipeline. The subject pipeline ties the 10-36 Well to the Baytex Aurora Gas Gathering System tie in point at the 04-04-41-11 W5M Baytex compressor station. This line [Read more]
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Pine Cliff Completes Acquisition of a Further Working Interest in the Monogram Unit
CALGARY, ALBERTA--(Marketwired - July 24, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that the previously announced acquisition of an additional working interest in the Monogram unit and related infrastructure in the Province of Alberta for cash consideration of $34 million, prior to adjustments, has closed. Pine Cliff now has production of approximately [Read more]
US crude oil supplies drop by 2.8 million barrels
NEW YORK (AP) -- The nation's crude oil supplies shrank last week, the government said Wednesday. Crude supplies declined by 2.8 million barrels, or 0.8 percent, to 364.2 million barrels, which is 4.2 percent below year-ago levels, the Energy Department's Energy Information Administration said in its weekly report. Analysts expected a decrease of 2.6 million barrels for the week ended July 19, according to Platts, the energy information arm of McGraw-Hill Cos. Gasoline supplies dropped [Read more]
Gas well in the Gulf continues to burn
NEW ORLEANS (AP) -- An out-of-control natural gas well off the Louisiana coast continued to burn Wednesday after it caught fire following a blowout that prompted the evacuation of 44 workers, authorities said. Meanwhile, officials stressed that Tuesday's blowout wouldn't be close to as damaging as the 2010 BP oil spill, in which an oil rig, the Deepwater Horizon, exploded off the Louisiana coast, killing 11 workers and eventually spewing millions of gallons of oil into the Gulf of [Read more]
Suncor: Boris Jackman retires; Kris Smith promoted to EVP, Refining and Marketing
CALGARY, ALBERTA--(Marketwired - July 24, 2013) - Suncor Energy Inc. today announced that after 20 years with the company, Boris Jackman is retiring on September 30, 2013. Kris Smith will be promoted to executive vice-president, Refining and Marketing. Before joining Petro-Canada, Jackman served as an executive vice-president of First Brands Canada Corporation, and spent 14 years at Union Carbide Canada Ltd. in various management and technical positions. He joined Petro-Canada in 1993 as [Read more]
Cenovus oil sands production climbs 17% in second quarter
Company starts producing oil from Christina Lake phase E Total oil production was more than 171,000 barrels of oil per day (bbls/d) net in the second quarter, a 10% increase when compared with the same period in 2012. Combined oil sands production at Foster Creek and Christina Lake averaged nearly 94,000 bbls/d net in the second quarter, up 17% from a year earlier. Production at Christina Lake climbed 35% to an average of more than 38,000 bbls/d net. Christina Lake phase E started [Read more]
Canada Energy Partners Inc. Announces Board Changes, Private Placement and Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2013) - NOT FOR DISSEMINATION IN THE UNITED STATES OR ON U.S. NEWS WIRES Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce the appointment of two new directors, Mr. Nick Orlando and Mr. Jonathan Bahnuik. Mr. Orlando is the CEO of Martinrea International Inc., a $1 billion market cap, automobile parts manufacturer which is listed on the TSX (MRE). Mr. Orlando brings a wealth [Read more]
Encana’s Second Quarter Results Show Company on Track to Meet 2013 Guidance, New Chairman of the Board Announced
CALGARY, ALBERTA--(Marketwired - July 24, 2013) - Encana Corporation's (TSX:ECA)(NYSE:ECA) solid operational performance in the second quarter resulted in a 69 percent year-over-year increase in oil and natural gas liquids (NGL) volumes with average production rising to approximately 47,600 barrels per day (bbls/d). Natural gas production volumes for the second quarter averaged approximately 2.8 billion cubic feet per day (Bcf/d). The company reported net earnings of $730 million or [Read more]
Donnycreek Provides Upper Montney Operations Update
CALGARY, ALBERTA--(Marketwired - July 24, 2013) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that the Kakwa 14-2-63-6 W6M Upper Montney horizontal well (the "14-2 Well"), previously reported as drilled in early 2013, has been successfully completed and flow tested to determine its natural gas and natural gas liquids production potential. The Upper Montney had not previously been tested by Donnycreek, however, other operators have demonstrated repeated [Read more]
Lawsuit filed in U.S. court over Quebec rail disaster first of many, says lawyer
MONTREAL - Victims of the Quebec railway disaster have launched further legal action against companies linked to the derailment that obliterated their town — and one lawyer insists the multimillion-dollar cascade has only begun.The family of a Lac-Megantic man killed in the fiery crash filed a wrongful-death lawsuit Monday in a U.S. court against rail and petroleum firms connected to the oil-filled tankers that slammed into the town.Their lawyer, Peter Flowers, told The Canadian Press [Read more]