CALGARY, ALBERTA--(Marketwired - Nov. 18, 2015) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has filed its audited consolidated financial statements, management's discussion and analysis and annual information form for the year ended July 31, 2015 on SEDAR at www.sedar.com. In addition, the Company has filed on SEDAR its statements of reserves data and other oil and gas information, as mandated by National Instrument 51-101 - [Read more]
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DXI Energy Lenders Extend C$6.5mm Loan Maturity Date to November 30, 2018
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 18, 2015) - DXI Energy Inc. (NYSE MKT:DXI) (TSX:DXI) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced that it has extended the maturity date of the C$6.5 million bridge facilities due on December 31, 2015 to November 30, 2018. As previously reported, these funds were utilized to fund DXI's expenditures for [Read more]
U.S. targets ISIS oil supply in recent air strikes
The United States has taken aim at the major source of funding for ISIS' terrorism. The pentagon hopes to cripple ISIS finances by targeting the terror group's main oil operation in eastern Syria. According to reports, ISIS makes $1 million per day off oil revenues. Watch the Reuters report below: [Read more]
Layoff notices going out at TransCanada as customers feel pinch from low oil
CALGARY - It's been a tough week for workers at Canada's two biggest pipeline companies, with TransCanada the latest to hand out layoff notices.A TransCanada spokesman confirmed the cuts but declined to say how many jobs are being lost or what parts of the business are bearing the brunt.Mark Cooper says the company aims to be fair and respectful and won't be making those details public until those affected have heard the news first from their leaders.He says the cuts aren't related to any [Read more]
TransCanada pulls Keystone XL application for Nebraska route approval, reserves right to reapply
LINCOLN, Neb. - The developer of the Keystone XL pipeline has withdrawn its application for route approval through Nebraska, but a spokesman says the Canadian company reserves the right to reapply.TransCanada made the announcement Wednesday, a day before it was scheduled to appear before the Nebraska Public Service Commission for a planning conference.Before President Barack Obama rejected a federal permit for the project, Nebraska had been a major roadblock because of lawsuits filed by [Read more]
Pipeline application reviews continue despite National Energy Board changes
OTTAWA - The ongoing reviews of two major pipeline proposals will move forward even as Ottawa works to bolster the National Energy Board's environmental scrutiny of such applications, says Canada's natural resources minister.The federal regulator will proceed with its examination of applications for TransCanada's Energy East and Kinder Morgan's Trans Mountain pipeline projects, Jim Carr said during a conference call Wednesday."They have not stopped. The process continues," Carr said from Paris, [Read more]
Drilling association forecasts 2016 to be worst year in a generation
CALGARY - Canada's oil well drilling industry will continue to shrink next year and may never bounce back to recent levels, the industry's main representative body said Wednesday."The drilling and service rig industry is facing one of the most difficult economic times in a generation," Mark Scholz, president of the Canadian Association of Oilwell Drilling Contractors, said in presenting the association's 2016 forecast."The active rig count in Western Canada today is at the same level as we [Read more]
Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry
Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn. The result is a heavier discount for Russia's crude oil, the so-called Urals blend. Bloomberg reported that the Urals typically lands in Rotterdam, a major European destination, at a [Read more]
Questfire Energy Corp. Announces 2015 Third Quarter Financial Results
CALGARY, ALBERTA--(Marketwired - Nov. 18, 2015) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its unaudited interim financial statements and related management's discussion and analysis ("MD&A") for the three and nine month periods ended September 30, 2015. Financial and Operating Highlights [Read more]
Quattro Closes Asset Purchase Agreements
CALGARY, Alberta, Nov. 18, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSXV:QXP) is pleased to announce that it has closed its previously announced purchase oil and gas production, facilities and lands in British Columbia from two Alberta-based private oil and gas exploration and production companies (the "Acquisitions"). The purchase price for the Acquisitions was $1,944,180, paid through the issuance of 10,625 non-voting, Class C, series 3 [Read more]