OTTAWA - The federal and Alberta governments are finally ready to make research and data from their oilsands monitoring program public. Federal Environment Minister Peter Kent and his Alberta counterpart, Diana McQueen, are expected to launch a new data portal next Wednesday at an event at Carleton University in Ottawa. Public access to the data has been a long time coming. In February 2012, as part of their strategy to win international confidence in the environmental record [Read more]
News
Oil slightly higher as Cyprus reopens banks; natural gas steady after topping $4
By The Associated Press NEW YORK, N.Y. - The price of oil was little changed Thursday, while natural gas was steady a day after closing above US$4 for the first time in a year and a half. In morning trading in New York, benchmark West Texas Intermediate crude for May delivery was up 12 cents at US$96.70 a barrel. Oil has gained more than $4 in less than a week, driven by signs of strength in the U.S. economy. Natural gas futures were unchanged. Wednesday's close at US$4.07 per 1,000 [Read more]
Artek Exploration Ltd. Announces Closing of Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwire - March 28, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Artek Exploration Ltd. ("Artek" or the "Corporation") (RTK.TO) is pleased to announce the closing of its recently announced bought deal financing that was expanded for aggregate gross proceeds of approximately $39 million. An aggregate of 8,700,000 common shares of the Corporation were issued at a price of $3.45 per common share and 2,150,000 common shares of [Read more]
Athabasca Oil Corporation reports a significant increase in bitumen contingent resources and light oil reserves, and assigns 51 million barrels of proved reserves at Hangingstone
CALGARY, March 28, 2013 /CNW/ - Athabasca Oil Corporation (TSX:ATH.TO) announces that it has filed its Annual Information Form dated March 28, 2013, which can be retrieved electronically from the Company's website (www.atha.com) or from SEDAR (www.sedar.com). Athabasca is also pleased to report the highlights of an independent reserves and resources evaluation, conducted by GLJ Petroleum Consultants Ltd. and DeGolyer MacNaughton Canada Limited, of the Company's thermal and light oil assets, at [Read more]
Connacher Announces Year End Results
CALGARY, March 27, 2013 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") today released its financial and operating results for 2012, a summary of which is set out below. Connacher faced a considerable number of challenges during 2012. A curtailed capital program imposed by budgetary constraints caused the Company to focus its efforts on a number of strategic initiatives, culminating in the sale of two of its business units, the Montana refinery (the "Refinery") [Read more]
National Energy Board approves new tolls for TransCanada’s Mainline pipeline
CALGARY - The National Energy Board approved a new toll plan for TransCanada's (TSX:TRP) Mainline on Wednesday that will help the natural gas pipeline compete. The board set the firm transportation toll from Empress, Alta., to Dawn, Ont., at $1.42/GJ, compared with a 2013 toll of $2.58/GJ. "The board approved multi-year fixed tolls that are competitive and provide TransCanada with a reasonable opportunity to recover its Mainline costs, given the increase in Mainline throughput [Read more]
SNC-Lavalin awarded Statoil’s North Sea Gina Krog jacket engineering contract by Heerema Fabrication Group Engineering
MONTREAL , March 27, 2013 /CNW Telbec/ - SNC-Lavalin (SNC.TO) has been awarded a contract by HFG Engineering Europe B.V. (HFGE) to carry out part of the detailed design of the jacket for Statoil's Gina Krog offshore field development on the Norwegian continental shelf. Statoil renamed the Dagny field Gina Krog in March 2013 . The engineering for the approximately 16,000-tonne, barge-launched jacket will be executed as a joint effort of HFGE and SNC-Lavalin. SNC-Lavalin will carry out the work [Read more]
Suncor Energy not proceeding with Voyageur upgrader project
CALGARY, ALBERTA--(Marketwire - Mar 27, 2013) - Suncor Energy today announced that it is not proceeding with the Voyageur upgrader project. The decision is the result of a joint strategic and economic review launched by Suncor and its joint venture partner Total E&P Canada Ltd in late 2012. "Since 2010, market conditions have changed significantly, challenging the economics of the Voyageur upgrader project," said Steve Williams, president and chief executive officer. "That's why we [Read more]
Longview Announces New Corporate Presentation
CALGARY , March 27, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") announces that a new corporate presentation will be available in the investors section of Longview's website at the address provided below, after close of markets on March 27, 2013 . SOURCE: Longview Oil Corp. Contact: Investor Relations Toll free: 1-855-813-0313 Longview Oil Corp. 700, 400 -3rd Avenue SW Calgary, Alberta T2P 4H2 Phone: (403) 718-8000 Fax: (403) [Read more]
CP Rail train derails in western Minnesota; spills crude oil
PARKERS PRAIRIE, Minn. - Authorities say at least three cars of a Canadian Pacific (TSX:CP) train have spilled or leaked crude oil after a derailment in western Minnesota. The Otter Tail Sheriff's Department says the 94-car train was headed south Wednesday morning near Parkers Prairie when it lost air pressure and went into an emergency braking mode. Fourteen cars derailed. Spokesman Dan Olson of the Minnesota Pollution Control Agency says more than 20,000 gallons of crude oil, [Read more]