CALGARY, Nov. 27, 2015 /CNW/ - The National Energy Board (NEB) has issued an Inspection Officer Order in response to the release of an unconfirmed volume of vapour at the Pine River Gas Plant on November 26, 2015. The vapours released originated from a gas "sweetening" system, a process that is used to remove carbon dioxide and hydrogen sulfide from natural gas. The plant in Northeastern BC is operated by Westcoast Energy Inc. carrying on business as Spectra Energy Transmission. The plant was [Read more]
News
Ironhorse Announces Q3 2015 Financial and Operating Results
CALGARY, Nov. 27, 2015 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and nine months ended September 30, 2015. Financial and Operation Summary The Company's reported production has decreased 15% to 216 boe/d in the third quarter of 2015 from 254 boe/d produced in the second quarter. The decrease in production is attributed to ongoing TransCanada ("TCPL") pipeline restrictions and a planned [Read more]
CNRL chair Edwards says Alberta royalty system should be simplified
LAKE LOUISE, Alta. - The chairman of one of Canada's biggest oil and gas companies says there's room for improvement in Alberta's royalty system.Murray Edwards of Canadian Natural Resources Ltd. (TSX:CNQ) says there's not much room to change the amount the province charges for the right to exploit oil and natural gas on Crown land.Rather, the prominent oilpatch financier says it's more about the way the regime is designed.Speaking to reporters at a conference in Lake Louise, Alta., Edwards said [Read more]
Suncor and COS clash at Alberta Securities Commission for second day
CALGARY - Final arguments in Suncor Energy's hostile bid for Canadian Oil Sands played out before Alberta regulators on Friday, with lawyers for COS insisting shareholders need more time to consider their options, while those for Suncor said time for its takeover target is running out.David Tupper, lawyer for Suncor Energy, told the Alberta Securities Commission that it should overturn the COS plan to give its shareholders 120 days to consider Suncor's $4.5-billion all-stock takeover [Read more]
Teine Energy Ltd. Announces CEO Appointment
CALGARY, Nov. 27, 2015 /CNW/ - Teine Energy Ltd. "Teine" today announced that Jason Denney has been appointed to the role of Chief Executive Officer. Mr. Denney has held a series of senior roles at Teine since it was founded in 2005, and has served as its President since May 28, 2015. Mr. Denney has over 18 years of industry experience in reservoir and production engineering, field operations, offshore and onshore drilling and completions, asset development, as well as acquisition and [Read more]
Vital Energy Inc. Announces Financial Results for 3rd Quarter of 2015
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2015) - Vital Energy Inc. ("Vital" or the "Corporation") (TSX VENTURE:VUX) announced today the filing of its management discussion and analysis and the unaudited condensed interim financial statements for the period ended September 30, 2015. Such filings can be accessed electronically from the SEDAR website at www.sedar.com. HIGHLIGHTS Production increased to approximately 190 boe/d for the 3 months ended [Read more]
OPEC’s grumbling likely to fall on deaf ears
Growing discontent within OPEC has some members calling for a stabilization of prices and an easing of the present supply glut. Indeed, the current situation within OPEC basically resembles Saudi Arabia - and maybe a combination of the Gulf Arab states - versus everyone else. But given that Saudi Arabia accounts for roughly one-third of OPEC production and given the divisions among members, it is doubtful that the cartel can compel the Kingdom to back down from its current policy. For a [Read more]
Pine Cliff Energy Ltd. Completes $69 Million Subscription Receipt Offering
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2015) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce that it has closed its previously announced short form prospectus offering (the "Offering"). The Company issued 63.9 million subscription receipts (the "Subscription Receipts"), including 8.3 million Subscription Receipts pursuant to the exercise of the over-allotment option granted to the Underwriters (as defined herein), at a [Read more]
Virginia Hills Oil Corp. Announces Third Quarter 2015 Results
TSX Venture Exchange: VHO CALGARY, Nov. 27, 2015 /CNW/ - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") announces its operating and financial results for the three and nine months ended September 30, 2015 and that its unaudited interim financial statements and related Management's Discussion and Analysis ("MD&A") for the quarter ended September 30, 2015 are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com or on the [Read more]
Hawk Announces Third Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2015) - Hawk Exploration Ltd. ("Hawk" or the "Corporation") (TSX VENTURE:HWK.A) is pleased to announce its results for the three and nine months ended September 30, 2015. The Corporation's interim financial statements for the three and nine months ended September 30, 2015 and its management's discussion and analysis for the three and nine months ended September 30, 2015 are available for viewing on SEDAR at www.sedar.com under Hawk's profile or on the [Read more]