CALGARY – The Canadian Energy Pipeline Association has named Chris Bloomer as its new president and CEO. Bloomer, a geoscientist who started his career with Shell Canada, was most recently CEO of Connacher Oil and Gas Ltd. Before that, he was a Senior Vice President and Chief Operating Officer and Director with Petrobank Energy and Resources Ltd. “I am honoured to be a part of the association’s focus on safety, transparency and shared commitment to continuous improvement,” said Bloomer, in [Read more]
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Mountainview Energy Ltd. Announces 2015 Third Quarter Financials
CUT BANK, MT, Nov. 24, 2015 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") (TSX-V: MVW) announces its operating and financial results for the quarter ended September 30, 2015. The Company also announces that its financial statements and management's discussion and analysis for the quarter ended September 30, 2015, is available on SEDAR at www.sedar.com, and on Mountainview's website at www.mountainviewenergy.com. Quarter End Financials During the third [Read more]
Alaska buys out TransCanada’s interest in gas project
JUNEAU, Alaska — The state of Alaska has completed its acquisition of TransCanada Corp.’s interest in a major gas project. Gov. Bill Walker, in a release, called it an historic day. Legislators earlier this month approved funding for the state to buy out the Canadian pipeline company’s interest in the project, giving the state a greater stake. The governor’s office says Natural Resources Commissioner Mark Myers finalized the termination of the agreement that established TransCanada’s [Read more]
Talisman Energy Inc. Announces Debt Tender Offer
CALGARY, ALBERTA--(Marketwired - Nov. 24, 2015) - Talisman Energy Inc. (the "Offeror") announced today that it has commenced a tender offer (the "Offer") to purchase for cash up to $750 million aggregate principal amount (the "Maximum Tender Amount") of the 5.85% Senior Notes due 2037 (CUSIP No. 87425E AJ2), 5.50% Senior Notes due 2042 (CUSIP No. 87425E AN3), 6.25% Senior Notes due 2038 (CUSIP No. 87425E AK9), 7.25% Debentures due 2027 (CUSIP No. 87425E AE3) and 5.75% Senior Notes due 2035 [Read more]
Ikkuma Resources Corp. Announces Third Quarter 2015 Financial and Operating Results
CALGARY, Nov. 24, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three and nine months ended September 30, 2015. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's interim condensed financial statements and the related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2015. Ikkuma's [Read more]
Broad rules on $3B a year Alberta carbon tax could make it slush fund:opposition
EDMONTON - Alberta Premier Rachel Notley says her government will keep a tight rein on a multibillion-dollar carbon tax to make sure the money goes only to green programs and incentives.Notley says none of the money is to go to broader or unrelated expenditures, such as paying down the deficit and debt."Every cent that is collected by the carbon tax will be recycled back into the economy immediately," Notley told reporters Tuesday on a conference call."This is not a situation where we're going [Read more]
B.C. city loses Trans Mountain court battle, ordered to pay company’s costs
VANCOUVER - The City of Burnaby's bylaw battle against the Trans Mountain pipeline has been shut down by a B.C. Supreme Court judge who has declared that the National Energy Board rules take precedence over the city's.The Metro Vancouver city has tried to hamper preliminary planning in advance of laying the 1,100-kilometre-long pipeline between Alberta and coastal B.C. through two separate bylaws.But Justice George Macintosh said in a ruling posted online Monday that the National Energy Board [Read more]
Major oilsands operator Imperial still mulling over Alberta’s new climate plan
CALGARY - Prominent members of both Big Oil and the environmental movement have given their blessing to Alberta's sweeping new climate change plan.But as remarkable as it was for the likes of both oilpatch billionaire Murray Edwards, Canadian Natural Resources Ltd.'s chairman, and former U.S. vice president Al Gore, an outspoken advocate for tougher climate action, to back the plan, not everyone is singing its praises.One of the biggest producers in the oilsands, ExxonMobil Corp.-controlled [Read more]
7 ways Alberta is missing the boat when it comes to resource prosperity
The following are seven factors as to why Alberta is not capturing the full potential value of its developed natural resource. Without action, there will be plenty of prosperity left on the table never to be realized for current and future generations. 1. Global oil demand is increasing, and Canada needs to grow its market share. Instead it appears that from 2020 onward, growth in Canadian oil production will flat-line. 2. We've been selling oil at fire-sale prices for years because we [Read more]
Altura Energy Inc. Announces Third Quarter 2015 Financial Results, Operations Update and 2016 Capital Budget
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2015) - Altura Energy Inc. ("Altura" or the "Corporation") (TSX VENTURE:ATU) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2015. The associated management's discussion and analysis ("MD&A") and unaudited interim condensed financial statements as at and for the three and nine months ended September 30, 2015 can be found at www.sedar.com and www.alturaenergy.ca. OPERATIONAL AND [Read more]