TORONTO, ONTARIO--(Marketwired - July 11, 2013) - Victory Nickel Inc. ("Victory Nickel" or the "Company") (TSX:NI) (www.victorynickel.ca) today announced that the required approval from the Alberta Energy Regulator ("AER," the successor to the Energy Resources Conservation Board) - has been received. The AER approval allows development of the 400,000 ton per annum ("tpa") Seven Persons frac sand processing facility just southwest of Medicine Hat, Alberta (the "7P Facility"). AER approval [Read more]
News
Oil pulls back after IEA report sees supplies exceeding demand in 2014
By Pablo Gorondi - THE ASSOCIATED PRESS The price of oil fell back below $106 a barrel Thursday after a report from the International Energy Agency said oil supplies would exceed the expected rise demand in 2014, partly on the back of growing production in North America. By early afternoon in Europe, benchmark crude for August delivery was down $1.06 to $105.46 in electronic trading on the New York Mercantile Exchange. Earlier in the session, the Nymex contract peaked at $107.45. The last [Read more]
Strategic Oil & Gas Ltd. Announces Material Growth in Reserves and Muskeg Stack Resource Recognition
CALGARY, ALBERTA--(Marketwired - July 10, 2013) - STRATEGIC OIL & GAS LTD. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce the results of a full reserves evaluation of Strategic's assets and a resource assessment of the Muskeg Stack on a portion of the Company's assets at Steen River, as of June 1, 2013, prepared by the Company's independent reserve engineering firm, McDaniel & Associates Consultants Ltd. ("McDaniel"). The reports show continued corporate reserves growth [Read more]
Anderson Energy Ltd. Confirms Extension of Credit Facility
CALGARY, ALBERTA--(Marketwired - July 11, 2013) - Anderson Energy Ltd. ("Anderson" or the "Company") (TSX:AXL) confirms that pursuant to the recent borrowing base review of its existing credit facilities, the borrowing base was confirmed at the current level of $65 million. The maturity date of the credit facilities was extended to September 30, 2013 as the Company continues its process to identify, examine and consider a range of strategic alternatives with a view to enhancing shareholder [Read more]
Head of rail company visits grieving Quebec town
LAC-MEGANTIC, Quebec (AP) -- The head of the rail company whose runaway oil train set off a fiery explosion that left at least 15 people dead and incinerated 30 buildings was visiting the shell-shocked town in Quebec on Wednesday, as officials upped the number of missing to 45. Edward Burkhardt, president and CEO of the railway's parent company, Rail World Inc., was expected a day after police announced they were pursuing a painstaking, wide-ranging criminal investigation of the inferno [Read more]
Shell to spend $115 million on pollution control
HOUSTON (AP) -- Shell Oil has agreed to spend at least $115 million to cut harmful pollution at a Houston-area refinery. The oil giant will also pay a $2.6 million civil penalty under the settlement announced Wednesday. Shell settled with the U.S. Environmental Protection Agency and the Department of Justice after it was accused of violating the federal Clean Air Act. Shell will install a $1 million system to monitor cancer-causing benzene levels along the fence line of its Deer Park [Read more]
Alberta regulator approves oilsands expansion
CALGARY - Alberta's energy regulator has recommended approval of Shell Canada's plan to expand oilsands production, even though it acknowledges the environmental impacts will likely be so severe and "irreversible" that new protected areas should be created to compensate for the damage. A 413-page report contains an extensive list of recommendations and conditions for both governments and Shell (NYSE:RDS) and contains some of the most strongly worded language yet on the industry's [Read more]
Athabasca on hunt for Duvernay partner
CALGARY - Athabasca Oil is looking for a joint-venture partner to help develop its land in Alberta's Duvernay shale this year, CEO Sveinung Svarte said Wednesday. The Calgary-based oil company (TSX:ATH) intends to begin a formal process to find a deal, Svarte said at the TD Securities Calgary Energy Conference. Athabasca disclosed nearly a year ago that it was in the early stages of forming a joint venture for its Hangingstone and Birch oilsands properties, though no deal has [Read more]
Crude focus of deadly railway crash, but far more chemicals transported by rail
MONTREAL - The explosive railway crash in Lac Megantic, Que., has put the focus on the growing transportation of crude oil, but far more hazardous materials, including dangerous chemical compounds, are transported near Canadian communities.Canadian railway companies shipped 86,000 carloads of petroleum products in the second quarter, up 18 per cent from last year and 62 per cent from 2011.But railways transported 154,000 carloads of chemicals during the recent period, 79 per cent more [Read more]
Quebec oil train derailment sparks criminal probe
LAC-MEGANTIC, Quebec (AP) — Quebec police are pursuing a painstaking, wide-ranging criminal investigation of the inferno ignited by the derailment of a runaway oil train that killed at least 15 people and left dozens missing in the burned-out ruins of a downtown district. Quebec police inspector Michel Forget ruled out terrorism as a cause, but said that an array of other possibilities remain under investigation, including criminal negligence. Other officials have raised the possibility that [Read more]