/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THEUNITED STATES/ CALGARY, June 14, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) reports that it has granted an aggregate of 843,500 options at an exercise price of $0.49 per share to directors, officers and employees of Palliser and issued 676,500 Restricted Share Units to officers and employees of the Company, subject to the terms and conditions with the [Read more]
News
Northern Alberta waste water pipeline leak fixed: owner says
ZAMA CITY, Alta. - The owner of a pipeline that leaked a large amount of industrial waste water into a northern Alberta wetland says wildlife in the area doesn't seem to have been affected."There are no visible impacts on wildlife," Marc Douglas, spokesman for Apache Canada Ltd., said Friday.Alberta regulators estimate that 9.5 million litres of waste water were spilled near Zama City in northwestern Alberta. The spill covers 42 hectares with water that contains salt, oil and [Read more]
Repair crews have finished work on the leaky Trans Mountain pipeline: company
MERRITT, B.C. - Repair crews have finished their work on a small defect in the Trans Mountain pipeline that prompted an oil spill earlier this week.Andy Galarnyk , spokesman for pipeline owner Kinder Morgan Canada, said Friday all the contaminated soil has been removed and the pipeline was expected to be back up to full operation by the end of the day.Galarnyk and the National Energy Board say the total volume of oil spilled was less than about six barrels — or just under 1,000 litres. [Read more]
National Energy Board says Trans Mountain oil leak only six barrels
MERRITT, B.C. - The National Energy Board says an oil spill that forced the shutdown of the Trans Mountain pipeline near Merritt, B.C., amounted to less than six barrels.That's just under 1,000 litres of oil — a tiny amount compared to the 300,000 barrels the pipeline ships each day, but still enough for environmentalists to highlight their concerns about Kinder Morgan's plans to vastly expand the pipeline's capacity.Board spokeswoman Rebecca Taylor says the board will determine the [Read more]
PanTerra Closes First Tranche of Asset Sale
CALGARY, June 14, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") announces that it has closed the first tranche of an asset sale at its Carrot Creek property that was previously announced on June 4, 2013. The first tranche consists of the sale of 60% of the Proven Producing Reserve asset for a price $1,096,688. Transaction metrics of the Proven Producing portion of the sale is $45,700 per flowing barrel. This is based on 60% of the current proven producing rate of 40 BBls [Read more]
Police arrest 12 people protesting shale gas activity in New Brunswick
FREDERICTON - Police in New Brunswick have arrested 12 people who were protesting against shale gas exploration in the Harcourt area, north of Moncton. Cpl. Chantal Farrah of the RCMP says the protesters were disrupting work and traffic on Highway 126. She says the seven men and five women are facing mischief charges. There have been several protests over shale gas recently, with six others being arrested on the same charges over the last two weeks. Opponents of shale gas [Read more]
U.S. crude oil production could reach 10 million barrels per day by 2040
An EIA Report: Source: U.S. Energy Information Administration, Annual Energy Outlook 2013. Projected crude oil production in the United States ranges from 6 to 8 million barrels per day (bbl/d) over the next 30 years in the Annual Energy Outlook 2013 (AEO2013) Reference case projection. However, under greater supply assumptions, crude oil production is sustained at a higher level of about 10 million bbl/d between 2020 and 2040 (see chart above). In this higher resource scenario, [Read more]
Mischief charges laid in Bow evacuation
CALGARY - A 26-year-old man is facing mischief charges after an incident earlier this week that saw Calgary's tallest office tower evacuated.On Tuesday, witnesses at The Bow reported seeing a man wielding a knife, uttering threats and making references to terrorism.But by the time police arrived, he had slipped past security and vanished.Police took no chances and ordered everyone to leave the 58-storey structure by the stairs.Later in the week, police said they had a pretty good idea [Read more]
Gas & Oil Expo sets record attendance in final year
Over 25,000 attendees participated in largest Gas & Oil Exposition to-date CALGARY, June 13, 2013 /CNW/ - Gas & Oil Expo 2013 has concluded after three full days of networking, presentations and world-class exhibitions. The biennial event, which took place from June 11-13, 2013, was the largest to date, welcoming more than 25,000 attendees, and over 4,000 exhibitors for a total of 29,000 registered attendees to Calgary's Stampede Park. Opening June 11, Gas & Oil Expo hosted [Read more]
Kinder Morgan says small leak from Trans Mountain pipeline is contained
MERRITT, B.C. - A crew was cleaning up a small oil spill Thursday from Kinder Morgan's Trans Mountain pipeline in British Columbia, where the company plans a controversial expansion through a province where the debate over oil pipelines and the tankers that go with them have played out in the headlines.Initial estimates from the Calgary-based company said 12 barrels, or about 2,000 litres, of light crude leaked before an employee discovered the breach Wednesday about 40 kilometres [Read more]