NEW YORK (AP) — A controversial oil pipeline to the U.S. Gulf Coast “absolutely needs to go ahead,” Canada’s prime minister said Thursday, and he warned that the oil will be transported through America one way or another. Stephen Harper addressed the Keystone XL project, a flashpoint in the debate over climate change, during a visit to New York City. The long-delayed project carrying oil from Canada’s tar sands would need approval from the State Department, and Harper’s remarks — with the [Read more]
News
Tuscany Energy Ltd. and Diaz Resources Ltd. Announce Execution of Definitive Agreement for Proposed Business Combination
CALGARY, ALBERTA--(Marketwired - May 17, 2013) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) and Diaz Resources Ltd. ("Diaz") (TSX VENTURE:DZR) are pleased to jointly announce that they have entered into a definitive arrangement agreement in connection with a proposed business combination (the "Transaction") whereby Tuscany will acquire, subject to certain conditions, all of Diaz's issued and outstanding common shares on the basis of 0.31 of a common share of Tuscany for each one (1) Diaz [Read more]
FLASH! Northern Gateway Pipeline Crew Evicted By Gitga’at Nation
HARTLEY BAY, B.C. - Members of the Gitga'at Nation say they have evicted a Northern Gateway Pipelines crew from their territory on the north coast of British Columbia as it tried to conduct oil spill response surveys. The small First Nation of Hartley Bay says the crew showed up to carry out work on the project that has not been approved, and that the Gitga'at continue to oppose. Coun. Marven Robinson said the band received a fax informing them that the crew would be coming to [Read more]
Palliser Oil & Gas Corporation Reports First Quarter 2013 Financial and Operating Results
/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / CALGARY , May 16, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) is pleased to announce financial and operating results for the three months ended March 31, 2013 . Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's unaudited condensed financial statements complete with the notes [Read more]
Equal Energy Announces Shareholder Vote Results, Names New Chairman
OKLAHOMA CITY , May 16, 2013 /CNW/ - Equal Energy Ltd. (EQU) (TSX:EQU.TO) is pleased to announce the appointment of Michael Doyle as Chairman. Equal thanks Dan Botterill, the previous Chairman who did not stand for re-election and two other outgoing directors also not standing for re-election, Roger Giovanetto and Peter Carpenter , for their dedicated service. At the Annual and Special Meeting of Shareholders, held on May 13, 2013 , all seven director nominees were elected by a majority of [Read more]
Crown Point Announces Passing of Director and Officer
CALGARY, ALBERTA--(Marketwired - May 16, 2013) -Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or "the Company") announces with much regret and profound sadness the sudden death due to complications from a surgical procedure of Dr. Mateo Turic, the President and Chief Executive Officer of Crown Point Oil & Gas S.A., the Argentine subsidiary of the Company, and a director of Crown Point. Dr. Turic had been with Crown Point Oil & Gas S.A. since 2007 and was a valued member of [Read more]
Traverse Energy Announces 2013 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 16, 2013) - Traverse Energy Ltd. ("Traverse" or "the Company") (TSX VENTURE:TVL) presents financial and operating results for the three months ended March 31, 2013. Three Months Ended Highlights (unaudited) March 31, 2013 December 31, 2012 March 31, 2012 Financial ($ thousands, except per share amounts) Petroleum and natural gas revenue $ 1,464 $ 1,588 $ 979 Royalty [Read more]
Technology will be key to conquering climate change in long run, Harper says
NEW YORK, N.Y. - Technological change will prove to be the key to cutting greenhouse gas emissions, Prime Minister Stephen Harper told a blue-chip audience on Thursday. Simply imposing emissions targets or trying to cap economic growth to reduce emissions isn't going to work, Harper said during a question-and-answer session at the Council on Foreign Relations in New York. "I am convinced that, over time, we are not going to effectively tackle emissions unless we develop the [Read more]
Gas stock increase above estimates, nat. gas futures drop
Working gas in storage was 1,964 Bcf as of Friday, May 10, according to EIA estimates. This represents a net change of +99 Bcf; above estimates of ~+95 Bcf. As a result, NYMEX nat gas futures reacted negatively to the report, dropping 3% Thursday morning. [table] [attr style="width: 25%"]`[attr style="width: 25%"]May 10`[attr style="width: 25%"]May 3`[attr style="width: 25%"]Change East`811`756`+55 West`357`344`+13 Producing`796`765`+31 Total`1,964`1,865`+99 [/table] Source: EIA [Read more]
Critics take to web as PM promotes Canada’s energy prospects in U.S.
By Heather Scoffield, The Canadian Press OTTAWA – Prime Minister Stephen Harper will be in New York today, pitching Canadian energy prospects to a leading U.S. think-tank. At the same time, critics of Canada’s green record are taking to the Internet to warn that the Alberta oilsands are an environmental threat. Speaking to the Council on Foreign Relations, Harper is expected to stress that Canada is halfway towards meeting its greenhouse gas emissions target. Many people in both [Read more]