Saskatchewan Premier Brad Wall said Monday he believes the premiers of Ontario and Quebec are creating unnecessary barriers to the Energy East Pipeline by setting conditions for their support of the project.Wall said he is concerned by the position taken by Premiers Kathleen Wynne and Philippe Couillard, who said last week that greenhouse gas emissions among other issues must be considered in the pipeline's development."I am surprised," Wall said in Regina. "This is a straight-forward pipeline [Read more]
News
Aux Sable acquires additional long-term liquids rich gas supplies
CALGARY, Nov. 24, 2014 /CNW/ - Aux Sable Canada LP is pleased to announce it has signed new long-term Rich Gas Premium (RGP) agreements with Encana Corporation ("Encana") and Brion Duvernay Gas Partnership ("Brion", previously named Phoenix Duvernay Gas, is a joint venture participant of Encana). These agreements provide for up to 180 million cubic feet per day (mmcfd) of additional rich gas supplies from the emerging Duvernay shale play for connection to a receipt zone in Alberta, starting [Read more]
Toro Reports Release of Gas From Well Near Airdrie and Successful Repair Efforts
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2014) - Toro Oil & Gas Ltd, formerly Kallisto Energy Corp. (TSX VENTURE:KEC) (the "Company") reports that a gas well located two kilometers southwest of Airdrie, Alberta began to leak at approximately 6:30pm on Saturday, November 22, 2014. As a precautionary measure, occupants of nearby residences were evacuated as the City of Airdrie firefighters and emergency responders secured the area. No injuries were reported. Officials from the Company took [Read more]
More arrests at B.C. pipeline protest; 11-year-old girl taken into custody
BURNABY, B.C. - At least a dozen protesters including an 11-year-old girl were taken into custody Sunday on a mountain near Vancouver as a demonstrations continued against a controversial pipeline project.Dozens of people have been arrested since Thursday, when the RCMP began enforcing a court injunction ordering protesters to clear a pair of work sites on Burnaby Mountain, where Kinder Morgan is conducting drilling and survey work related to the proposed expansion of its Trans Mountain [Read more]
Column: A new chapter in the history of oil markets has begun
Prices have no place to go but down unless the taps are tightened RIYADH, Saudi Arabia/ Troy Media/ - “It is increasingly clear that we have begun a new chapter in the history of the oil markets,” the International Energy Agency (IEA) stated in its November oil market report. The world’s oil supply, it said, is outstripping projected oil demand. The result is that prices have no place to go but down, unless the taps are tightened. But is the OPEC ready to do so? All sort of [Read more]
Kinder Morgan removes protest camps, begins survey work on Burnaby Mountain
BURNABY, B.C. - First Nations vowed to stand in unity with protesters as police kept up arrests Friday in a Metro Vancouver conservation area where crews resumed survey work for the proposed Trans Mountain pipeline expansion.Shortly after activists announced they would do whatever it takes to stymie the project, a group began marching up Burnaby Mountain in the pouring rain.More arrests quickly followed.Charlene Aleck, a Tsleil-Waututh councillor, told a gathering of protesters at the base of [Read more]
Price volatility forces oil and gas to focus on strategic deals
LONDON, Nov. 21, 2014 /CNW/ -- Despite an increasingly stable global economy, resilient equity markets and corporate earnings confidence, the global oil and gas M&A landscape remains only cautiously optimistic, according to EY's 11th biannual Oil and Gas Capital Confidence Barometer. In the survey of more than 100 oil and gas executives worldwide, 94% of respondents expect the global economy to either improve or at least be stable over the next year. Confidence in corporate earnings is [Read more]
Canadian Quantum Announces Production Test
CALGARY, ALBERTA--(Marketwired - Nov. 21, 2014) - Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE:CQM) announced today that the Company has drilled a well on its Alexander property located just north-west of Edmonton. The 15-11-56-27W4 well was originally drilled for the Detrital sand but has since been completed in the upper Ellerslie "Calahoo" zone, which is a good producer in the area. The well has been fracture stimulated and will be placed on an [Read more]
Questfire Energy Corp. Announces 2014 Third Quarter Financial Results
CALGARY, ALBERTA--(Marketwired - Nov. 21, 2014) -uestfire 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 financial statements and related management's discussion and analysis ("MD&A") for the three month and nine month periods ended September 30, 2014. Financial and Operating Highlights Three months ended September 30, Nine months ended September [Read more]
Kallisto Announces Name Change to Toro Oil & Gas Ltd. and Approval of Share Consolidation
CALGARY, ALBERTA--(Marketwired - Nov. 21, 2014) - - Kallisto Energy Corp. (TSX VENTURE:KEC) (the "Company") announces that it has completed its previously announced name change (the "Name Change") from "Kallisto Energy Corp." to "Toro Oil & Gas Ltd.". The Name Change was approved by shareholders of the Company at a special meeting of shareholders held on Thursday, November 20, 2014 (the "Special Meeting"). The common shares (the "Common Shares") of the Company will commence trading on the [Read more]