CALGARY, ALBERTA--(Marketwired - July 9, 2013) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to announce that it has closed the acquisition of the third tranche of Montney acreage in British Columbia for a purchase price of $35.2 million. Third Tranche Highlights Acquisition of 81 sections of highly prospective Montney acreage proximate to Crew's existing 292 sections. The 18 section portion in the [Read more]
News
TRAGIC: Dozens feared dead in Quebec oil-train derailment
LAC-MEGANTIC, Quebec (AP) -- Blackened debris, twisted metal and gas leaks hampered rescue workers' search for perhaps dozens of bodies Tuesday, three days after a runaway oil train smashed into this small lakeside town and incinerated homes, a library and a crowded bar. Thirteen people were confirmed dead and nearly 40 others were still missing in a catastrophe that raised questions about the safety of transporting oil by rail instead of pipeline. Investigators were zeroing in on whether [Read more]
Oily sheen appears on Athabasca River
FORT CHIPEWYAN, Alta. - A northern Alberta Indian band says a mysterious oily sheen on the Athabasca River appears to be spreading and is lapping at the shores of Fort Chipewyan. "It's not a huge amount," Eriel Deranger, spokeswoman for the Athabasca Chipewyan First Nation, said Tuesday. "But there is obviously a petrochemical of some kind in the Athabasca River system in such great quantities from upstream that it is now residing on the shores of Lake Athabasca." Reports of dead [Read more]
TransCanada CEO says there’s no silver lining for pipelines after rail disaster
CALGARY - Executives with major Canadian pipeline companies say they see no silver lining to the Lac-Megantic train disaster.There have been suggestions that transporting oil by pipeline may seem more palatable after several oil-laden rail cars exploded over the weekend, killing more than a dozen people and devastating the small Quebec town.But TransCanada Corp. (TSX:TRP) CEO Russ Girling said there's "no good news here for anybody" in the tragedy and the notion that the pipeline [Read more]
Renegade Petroleum Ltd. Announces Executive Change
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Renegade Petroleum Ltd. (TSX VENTURE:RPL) ("Renegade" or the "Company") announces the departure of Mr. Alexander Wylie, Vice President, Finance and Chief Financial Officer of the Company, effective immediately. The Company wishes Mr. Wylie success in the future. Mr. Mark Lobello CA, Controller of the Company, has been appointed Interim Chief Financial Officer. The Company also announces that its strategic review is on-going and the Special [Read more]
Lac-Megantic: train brakes a key issue
OTTAWA - The question of how the brakes were set — or possibly reset — on a runaway train at the heart of the Lac-Megantic devastation emerged Monday as a critical aspect of the tragedy.Details and the sequence of events began to take shape with the acknowledgment the locomotive suffered an engine fire just hours before the train derailed Saturday.The blaze, which was quickly extinguished and thought to have been fed by the engine diesel, may have set in motion the subsequent disaster, [Read more]
Disaster shines spotlight on crude transport
CALGARY - The train disaster that devastated a Quebec town over the weekend is likely to intensify the debate around transporting crude oil — regardless of whether it's by rail or pipeline, observers say.Lac-Megantic, Que., is reeling from the oil-fuelled infernos at a time when two proposals are being weighed to ship Western crude east through the province by reconfiguring existing pipelines.For Adam Scott of Environmental Defence, the concern is more about the dangers of what's [Read more]
Rock Energy Announces Appointment of Director
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Rock Energy Inc. ("Rock") (TSX:RE) is pleased to announce that effective July 8, 2013, Mr. Robert Maitland has been appointed to the Board of Directors of Rock Energy, and will serve as the Chairman of the Audit Committee. Robert is a Chartered Accountant with over 35 years' experience primarily in the oil and gas industry, he has graduated from the Institute of Corporate Directors having completed the Director's Education Program, and [Read more]
Imperial Oil and ExxonMobil Contribute $500,000 to Alberta Flood Response
Employee volunteers, suppliers and Esso gas stations fuel recovery efforts Imperial and ExxonMobil each pledge $250,000 Hundreds of employees participate in Days of Caring Esso gift cards and other in-kind goods delivered to hardest hit communities CALGARY, July 8, 2013 /CNW/ - Imperial Oil Foundation and its majority shareholder, Exxon Mobil Corporation announced today a contribution of $500,000 for flood-response efforts in southern Alberta. Imperial provided an [Read more]
THE AFTERMATH, Incredible images from area after Quebec train derailment, explosion
Photo: Close-up aerial view of #derailment site after explosion #LacMegantic http://t.co/woqZdxv4QP— TSB of Canada (@TSBCanada) July 7, 2013 Photo: aerial view of charred freight train in #LacMegantic http://t.co/8GmejLjK43— TSB of Canada (@TSBCanada) July 8, 2013 Photo: aerial view of charred freight train in #LacMegantic http://t.co/NhBFPJIJje— TSB of Canada (@TSBCanada) July 8, 2013 Photo: derailed rail cars in #LacMegantic http://t.co/jJ7VRBy4Bv— TSB of [Read more]