TORONTO - New Brunswick Premier David Alward says a proposed west to east pipeline was discussed, but only in general terms at a meeting with industry and corporate executives Tuesday in Toronto.Alward says the project was part of a broader round-table discussion about the development of a range of energy projects in Canada that was hosted by federal Natural Resources Minister Joe Oliver.He says his province is waiting on a decision by TransCanada Corp. (TSX:TRP) on whether it thinks [Read more]
News
Donnycreek Energy Inc.: All Outstanding 10 Percent Convertible Debentures Converted Into Common Shares
CALGARY, ALBERTA--(Marketwired - July 2, 2013) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that further to its election to redeem all of its outstanding ten percent (10%) redeemable, convertible, unsecured debentures due June 15, 2014 ("Convertible Debentures") with such redemption to be effected on [Read more]
Secure Energy Services Inc. Announces Closing of the Acquisition of Target Rentals Ltd.
CALGARY, ALBERTA--(Marketwired - July 2, 2013) - Secure Energy Services Inc. ("Secure" or the "Corporation") (TSX:SES) and its wholly owned subsidiary Marquis Alliance Energy Group Inc. ("Marquis Alliance"), announced today that they have completed the previously announced acquisition of all of the issued and outstanding shares of Target Rentals Ltd. ("Target") for an aggregate purchase price of $39.8 million. The purchase price, after closing adjustments, was paid with $21.0 million in cash and [Read more]
Long Run Exploration Ltd. Provides Operational Update, Announces Management Changes, and Resource Assessment Findings
CALGARY, ALBERTA--(Marketwired - July 2, 2013) - Long Run Exploration Ltd. ("Long Run" or "the Company") (TSX:LRE) is pleased to provide an update on the Company's operations, an addition to the Long Run management team, and details of a recently completed resource assessment. Operational Update Long Run's current production is approximately 24,250 boe per day, including approximately 10,750 barrels per day of crude oil, 1,550 barrels per day of NGLs, and 71.7 million cubic feet of gas per [Read more]
Keystone XL gets the attention, but U.S. coal export plan raising alarm bells
WASHINGTON - With TransCanada's Keystone XL pipeline dominating environmental debate in the United States, efforts by America's struggling coal industry to boost coal exports to Asia have flown largely under the public's radar.Freight trains almost two kilometres long are already hauling coal from Montana and Wyoming to the Pacific Northwest, where it's then shipped to energy-hungry Asian nations that have few qualms about burning the maligned fossil fuel. The $40-billion U.S. coal [Read more]
Oil rises near US$100 a barrel as Egypt protests continue, traders eye demand
NEW YORK - Oil nearly reached US$100 a barrel for the first time this year, as traders worried about disruptions to Mideast supplies while anticipating an increase in oil demand in the U.S.U.S. benchmark crude for August delivery gained $1.61, or 1.6 per cent, to close at $99.60 a barrel in New York after rising as high as $99.87. Oil last crossed $100 a barrel on Sept. 14 of last year.In London, Brent crude rose $1 to finish at $104 a barrel on the ICE Futures exchange.Protests in [Read more]
Oil above US$98 a barrel as military issues ultimatum to embattled Egypt leader
The price of oil advanced past US$98 a barrel Tuesday, underpinned by political unrest in Egypt that raised fears of disruption to global crude supplies.By early afternoon in Europe, benchmark West Texas Intermediate crude for August delivery was up 37 cents at US$98.36 a barrel in electronic trading on the New York Mercantile Exchange. The contract had jumped $1.43 to close at US$97.99 on Monday.After massive weekend protests in Egypt that continued Monday, the country's military [Read more]
Bonterra Energy Corp. Announces Exercise of Over-Allotment Option and Completion of $27.6 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - July 2, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Bonterra Energy Corp. (Bonterra) (www.bonterraenergy.com) (TSX:BNE) announces that it has closed its recently announced bought deal financing of 553,725 common shares ("Common Shares"), which includes the exercise in full of the over-allotment option of 72,225 Common Shares, at $49.85 per Common Share for aggregate gross proceeds of [Read more]
Enbridge Restarts Wood Buffalo Pipeline
CALGARY, ALBERTA--(Marketwired - July 2, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today confirmed the return to service of the Wood Buffalo Pipeline (Line 75) between Fort McMurray and Cheecham early on July 2. The Wood Buffalo Pipeline had been shut down as a precaution following the June 22 release of light synthetic crude oil from Line 37 with which it shares a corridor. The failure of Line 37 was confirmed to have been caused by a 1-in-100 year rainfall event last week, which triggered [Read more]
Ivanhoe Addresses Fort McKay First Nation Concerns Regarding the Tamarack Project
CALGARY, July 2, 2013 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that it has established a long-term relationship with the community of Fort McKay, including the Fort McKay First Nation and the Fort McKay Metis Community Association. This relationship is based on respect for the community's efforts to preserve their traditional way of life. As a result of the establishment of this relationship, the community has provided a letter to the regulators confirming they have [Read more]