CAIRO (AP) -- Egyptian soldiers and police clashed with Islamists protesting the military's ouster of the president in bloodshed that left at least 51 protesters and three members of the security forces dead, officials and witnesses said, and plunged the divided country deeper into crisis with calls by the Muslim Brotherhood's political party for all-out rebellion against the army. The carnage outside the Republican Guard building in Cairo - where toppled President Mohammed Morsi was first [Read more]
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Southern Pacific Provides June Operational Update
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today provided an operational update for the month of June, 2013 with respect to the Company's STP-McKay and STP-Senlac Thermal Projects. Total Corporate Production Total Company production averaged 4,347 bbl/d for the month ended June, 2013, which is a 5% increase from the previous month. STP-McKay Thermal Project - Production [Read more]
Lightstream Announces Second Quarter 2013 Production of 46,000 Boepd
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Lightstream Resources Ltd. ("Lightstream" or the "Company") (TSX:LTS) is pleased to provide an update on our second quarter operations. Production in June averaged approximately 45,000 barrels of oil equivalent per day ("boepd") (82% light oil and liquids weighted), which contributed to our second quarter average production of approximately 46,000 boepd. This represents a 19% increase over our second quarter 2012 average production of [Read more]
Baytex Appoints Board and Executive Members and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) is pleased to report that the Board of Directors has appointed Mary Ellen Peters as a director of the company. Ms. Peters has over 30 years of oil and gas experience and most recently served as Senior Vice President, Transportation and Logistics at Marathon Petroleum Company LP. Ms. Peters' previous board experience includes acting as Chairman of the Board of Managers for Louisiana Offshore Oil [Read more]
DeeThree Exploration Ltd. Announces 30-Day Brazeau Belly River and Lethbridge Alberta Bakken Production Rates
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to announce the average 30-day initial production rates of the significant Brazeau Belly River and Lethbridge Alberta Bakken horizontal wells drilled earlier this spring. DeeThree announced the highest initial test rate to date from a Belly River horizontal well drilled in its Brazeau core property on April 8th, 2013. After more than 30 days of [Read more]
40 people considered missing in Quebec train disaster; five declared dead
LAC-MEGANTIC, Que. - About 40 people are considered missing after the spectacular blaze and explosions that razed much of Lac-Megantic, increasing the likelihood that the number of fatalities could soar from the current official death toll of five. "I can tell you that we have met a lot of people....and what I can tell you is that about 40 people are considered missing," Quebec provincial police Lt. Michel Brunet told a news conference. "We have to be careful with that number [Read more]
INCREDIBLE Photos from Quebec train derailment
"Train derailment in Quebec causes huge explosion. Crash site described as "war zone." http://t.co/50pmLbSrXW pic.twitter.com/UsYgPR3F1J"— Águila real (@jamenci) July 7, 2013 1 dead after train carrying oil derails in Quebec - USA TODAY - http://t.co/fZHNeXA3ac pic.twitter.com/fsmCvkBNsv— Digg Cash (@DiggCash) July 7, 2013 Major fire after train carrying oil (maybe tar sands) derails in Quebec near Canada-US border http://t.co/LJwi0SCuDv [Read more]
Train carrying crude in Quebec derails, explodes
LAC-MEGANTIC, Quebec (AP) -- A train carrying crude oil derailed Saturday in eastern Quebec, sparking several explosions and a blaze that destroyed the center of the town of Lac-Megantic and killed at least one person. An unspecified number of people were reported missing. "Train derailment in Quebec causes huge explosion. Crash site described as "war zone." http://t.co/50pmLbSrXW pic.twitter.com/UsYgPR3F1J"— Águila real (@jamenci) July 7, 2013 Witnesses said [Read more]
Petronas group applies for LNG export licence for its proposed B.C. project
VICTORIA - Plans by Malaysian national oil company Petronas to export liquefied natural gas from northern British Columbia to Asia moved forward Friday with the company submitting an export application with Canada's National Energy Board.Pacific NorthWest LNG, backed by a 90-per-cent interest by Petronas, said in a statement the company wants to export up to 19.68 million tonnes of LNG per year for 25 years from a proposed export facility at Port Edward, B.C., near Prince [Read more]
Oil price rises to near US$103 on strong US employment report, unrest in Egypt
NEW YORK (AP) - The price of oil marched higher Friday after a positive report on U.S. hiring and ongoing concerns that the crisis in Egypt might affect Mideast supplies.In midday trading, benchmark West Texas Intermediate crude for August delivery was up $1.56 at US$102.80 per barrel on the New York Mercantile Exchange. On Wednesday, oil closed above at $101.24, the highest level since May 3, 2012. U.S. markets were closed Thursday for Independence Day.Following the ouster of Egyptian president [Read more]