CALGARY, ALBERTA--(Marketwired - June 10, 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 entered into an agreement with a syndicate of Underwriters pursuant to which the Underwriters have agreed to purchase on a bought deal basis 481,500 common shares at a price of $49.85 per Common Share (the "Issue Price") for aggregate gross [Read more]
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Canadian Oil Sands Announces Coker Turnaround
CALGARY, ALBERTA--(Marketwired - June 10, 2013) - Canadian Oil Sands Limited ("COS") (TSX:COS) (OTCQX:COSWF) announced today that Syncrude has commenced a turnaround on Coker 8-1. The turnaround was scheduled to occur in the second half of 2013 but has been advanced due to reduced throughput following an outage on an associated boiler unit, which underwent unplanned maintenance in May as previously disclosed. The turnaround is anticipated to take approximately 50 days. COS [Read more]
Teck and Shell swap oilsands leases, ending dispute between two companies
CALGARY - Teck Resources Ltd. (TSX:TCK.B) and Shell Canada are swapping oilsands leases, ending a dispute over the boundaries of their respective projects. Teck says it will transfer to Shell a piece of land that is sandwiched between two leases the Canadian arm of the Anglo-Dutch energy giant already controls. In exchange, Shell is giving eight of its leases, along with part of another, to Vancouver-based Teck, which has land just to the west. Teck had filed a statement of [Read more]
Man arrested after threats made to oilsands facility in northern Alberta
FORT MCMURRAY, Alta. - A British Columbia man has been charged after threats were made against an oilsands facility in northern Alberta.An investigation began Tuesday north of Fort McMurray after police received a tip on a 911 line, said RCMP Const. Christina Wilkins."We received threats that there were harmful substances," Wilkins said, although she couldn't provide details of what kind of substances were mentioned or the nature of the threats. She said resources from outside [Read more]
Canada adds whopping 95,000 jobs in May as unemployment slides to 7.1 per cent
Source: tradingeconomics.com OTTAWA — Canada's economy finally came out of hibernation last month, pumping out a whopping 95,000 new jobs — the vast majority full-time — in the biggest month of employment growth in more than a decade. The massive gain was the first major improvement of 2013 and many times greater than economists had expected, dropping the unemployment rate one-tenth of a point to 7.1 per cent. The impact on the unemployment rate would had been greater but for [Read more]
Redford, Alward tout need for west-east pipeline
FREDERICTON - Alberta Premier Alison Redford says Canada's biggest challenge is to improve access to international markets as she steps up efforts to promote a proposal to ship oil to Eastern Canada.Redford spoke to the New Brunswick legislature in Fredericton today, where she said Alberta's lack of direct access to a coastal shipping route contributed to a $6 billion slide in her province's revenues this year.She will also speak to members of the Saint John Board of Trade and tour the [Read more]
Sonde Resources Corp. Announces Further Extension of Farm-Out of Joint Oil Block
CALGARY, ALBERTA--(Marketwired - June 7, 2013) - Sonde Resources Corp. ("Sonde" or the "Company") (TSX:SOQ) (NYSE MKT:SOQ) announced today that the original Farm-Out Agreement with Viking Energy North Africa Limited ("Viking") has been extended by mutual agreement until July 31, 2013. An extension of the closing date for the Farm-Out Agreement was obtained to allow the parties to complete the negotiation of the documentation reflecting the amendments required by the Joint Oil Board of Directors [Read more]
Crescent Point Energy Announces Board Member Changes
CALGARY, ALBERTA--(Marketwired - June 6, 2013) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) announces that Paul Colborne has resigned from his role as a director of the Company, effective immediately. Mr. Colborne has resigned to enable him to focus on new commitments in the oil and gas industry. Crescent Point thanks Mr. Colborne for his many contributions to the Company and for his outstanding leadership and dedication. Mr. Colborne was a founder of [Read more]
Cenovus recognized as a leader in corporate responsibility
CALGARY, June 6, 2013 /CNW/ - Cenovus Energy Inc. (TSX, NYSE: CVE) has been recognized once again as one of the country's most responsible companies. Today, Maclean's magazine and Sustainalytics ranked Cenovus among the Top 50 Socially Responsible Corporations in Canada for the second year in a row. In a separate ranking, Corporate Knightsmagazine recognized Cenovus as one of the Best 50 Corporate Citizens in Canada for the third consecutive year. "At Cenovus, we believe that how we do our work [Read more]
Epsilon Energy Ltd. Acquires Operating Partner’s Interest in Saskatchewan Joint Venture
CONCORD, ONTARIO--(Marketwired - June 6, 2013) - Epsilon Energy Ltd. ("Epsilon") (TSX:EPS) is pleased to announce it has acquired its operating partner's 50% joint venture interest in Saskatchewan for CAD $2.4 million. The transaction will increase Epsilon's leasehold interests in Saskatchewan from approximately 28,234 net acres to 49,007 net acres. In addition, Epsilon will acquire all oil production, third party agreements, well interests and equipment. The joint venture was formed in [Read more]