By Lauren Krugel CALGARY - The Conservatives in Ottawa are staunch supporters, the New Democrats have called it a "win-win-win" and the premiers of Alberta and New Brunswick have loudly touted the benefits of an oil pipeline from west to east. But the degree to which Eastern consumers will benefit at the pump is unclear, as it's up to the pipeline's customers — oil producers at one end and refineries at the other — to determine which barrels go where. "One thing that I've [Read more]
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TransForce doesn’t see improvement in Alberta oil rigging business
MONTREAL - Alberta's oilsands production may be thriving, but TransForce doesn't foresee any improvement this year for North American oil drilling. The trucking company, which among other things moves drilling equipment, posted weaker results in the first quarter as energy sector revenues dropped 24 per cent and margins plummeted. Chief executive Alain Bedard told analysts Friday that he foresees an eventual improvement in the U.S. energy sector as the country seeks energy [Read more]
Butte appoints CEO and President
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/ TSXV:BEN CALGARY, April 19, 2013 /CNW/ - Butte Energy Inc. (the "Company") is pleased to announce that Mr. Ty Pfeifer was appointed CEO and President effective April 18, 2013. Charles Baker who is stepping down from his executive role to pursue other interests will continue to serve as a Director of the Company. Mr. Pfeifer, previously appointed as the Company's Vice President, Business Development, is [Read more]
Lone Pine Resources Announces Appointment of Chief Executive Officer, First Quarter 2013 Operational Update and Credit Facility Amendments
CALGARY, ALBERTA--(Marketwired - Apr 19, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (LPR) (LPR.TO) today announced the appointment of a permanent Chief Executive Officer, an operational update from the Company's first quarter of 2013 activities and the completion of the semi-annual redetermination of the Company's borrowing base and other amendments to the agreement governing its credit facility. Appointment of Chief Executive Officer Lone Pine is pleased to announce [Read more]
Manitok Energy Inc. Announces 2012 Year-End Financial Results and Reserves
CALGARY, ALBERTA--(Marketwired - April 19, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results and reserves evaluation for the year ended December 31, 2012. The full text of Manitok's year end report containing its audited financial statements as at and for the year ended December 31, 2012 and the related [Read more]
IROC Energy Services Corp. provides a first quarter operational and transaction update
/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES./ CALGARY, April 18, 2013 /CNW/ - IROC Energy Services Corp. ("IROC" or the "Corporation") (TSXV:ISC.V). In anticipation of the closing of the previously announced transaction between IROC and Western Energy Services Corp. (the "Western Transaction"), the Corporation is pleased to provide an update on IROC's first quarter activity as well as an update on the status of the Western [Read more]
Jim Flaherty talks up Keystone XL pipeline to new U.S. treasury secretary
WASHINGTON - Jim Flaherty made a pitch on Thursday for TransCanada's proposed Keystone XL pipeline with a top Obama administration official, telling Treasury Secretary Jack Lew that the contentious project is vital to both countries' economies. "He emphasized that the process is being followed," Canada's finance minister told a media roundtable after he attended G20 meetings in the U.S. capital on Thursday. "I emphasized that the State Department report indicates this is a very [Read more]
Enerflex Announces Election of Board of Directors
CALGARY, ALBERTA--(Marketwired - April 18, 2013) -Enerflex Ltd. (EFX.TO) ("Enerflex" or the "Company"), is pleased to announce that all the nominees listed in its management information circular dated February 28, 2013 were elected as directors of Enerflex Ltd. until the next annual meeting of shareholders. The detailed results of the vote held earlier today are set out below. Election of Directors On a vote by ballot, each of the following eight nominees proposed by management was elected [Read more]
Poseidon Concepts Corp. to be delisted from TSX
The TSX published a press release yesterday stating that it will be desisting Poseidon Concepts Corp. The Calgary-based oilfield services company has been grappling with a number of problems, including the discovery that most of its revenue in the first nine months of 2012 was improperly booked and must be restated. From the TSX press release: TORONTO , April 17, 2013 /CNW/ - DELISTING REVIEW Poseidon Concepts Corp. (the "Company") - Further to TSX Bulletin 2013-0347 dated April 10, 2013 , [Read more]
Clark campaigns in heart of BC’s oil and gas region, pumps LNG potential
DAWSON CREEK, B.C. - Liberal Leader Christy Clark attempted Thursday to drive home her party's evangelism on the rosy future an aggressive development strategy for liquefied natural gas could provide, while warning that hers is the only party that can deliver on the promise. Clark was campaigning in Dawson Creek and Fort St. John, in the province's northeast, a landscape dotted with a burgeoning natural gas industry that forms the backbone of Clark's economic plan for the [Read more]