CALGARY, Nov. 9, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three and nine months ended September 30, 2015. HIGHLIGHTS Record quarterly production of 56,280 boe/d for Q3 2015 exceeded prior quarter production of 51,831 boe/d by 9%. This quarter-over-quarter increase was primarily attributable to higher production in the Netherlands due to recent drilling [Read more]
News
‘It sucks:’ Hardisty, town at start of Keystone XL, takes stock of rejection
HARDISTY, Alta. - Lee Hayes and his coworker Dave Stuart have a blunt assessment of U.S. President Barack Obama's rejection of the Keystone XL pipeline: "It sucks."The two 50-something men make their living maintaining equipment in the tiny, quiet town of Hardisty, Alta., where oilsands crude was to have begun its journey along Keystone XL."It creates a domino effect," Hayes says of the blow to the US$8 billion project. "Plus, the price of oil is down right now."Stuart agrees the nixing of [Read more]
How Stephen Harper’s old schoolmate helped kill the Keystone XL pipeline
WASHINGTON - One of the great ironies of the interminable saga of Keystone XL is that two of its principal antagonists were unaware that they went to grade school together.In the midst of one of the biggest environmental fights in American politics, the best-known activist on one side learned of his distant connection to the most powerful politician on the other: Stephen Harper.So these old grade-school alumni duked it out from a distance as the pipeline escalated from a regional land dispute to [Read more]
New Brunswick premier pitches Energy East pipeline as Keystone rejected by Obama
CHARLOTTETOWN - New Brunswick's premier says he's hopeful that U.S. President Barack Obama's rejection of the Keystone XL pipeline will give added impetus to an east-west pipeline that flows to his province.The lengthy saga of the Keystone pipeline ended Friday when Obama called Prime Minister Justin Trudeau to break the news.The U.S. president said the pipeline had become an important symbol — and rejecting it proved the U.S. intends to get serious at the upcoming climate summit in [Read more]
Gordon Creek Energy: Debenture Update
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2015) - Gordon Creek Energy Inc. (TSX VENTURE:GDN) (the "Company") today announced that it is continuing its efforts to re-finance its existing indebtedness, including the outstanding CAD$10 million series of 15% Gas Linked Debentures that was due October 31, 2015. The Company is also looking to secure additional development financing in order to continue the development of its proved and probable acreage at its Gordon Creek, Utah natural gas field. The [Read more]
Some quotes on the US decision to reject the Keystone XL pipeline project
U.S. President Barack Obama rejected TransCanada Corp.'s proposed Keystone XL pipeline project on Friday. Here is some of the reaction to the decision:"The Canada-U.S. relationship is much bigger than any one project and I look forward to a fresh start with President Obama to strengthen our remarkable ties in a spirit of friendship and co-operation." Prime Minister Justin Trudeau in expressing his disappointment to the decision.———"We both agreed that our close friendship on a whole range of [Read more]
A look at the status of other pipeline projects in Canada
CALGARY - The U.S. government announced Friday it has rejected TransCanada's Keystone XL pipeline, which would have shipped crude from Alberta's oilsands to refineries in Texas.Here is an update on the status of other major pipeline proposals in Canada as well as a look at the amount of oil shipped by rail.Energy East:TransCanada, the same company behind Keystone XL, applied to the National Energy Board in October 2014 to build the Energy East Pipeline. The project aims to ship 1.1 million [Read more]
Canadian Oil Will Find New Paths to American Markets: U.S. Decision to Deny Keystone XL Ignores Pipeline Merits
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2015) - Canadian oil will find new paths to markets and continue to create jobs and wealth for Canadians, despite U.S. President Barack Obama's political decision to deny the Keystone XL permit, the Canadian Association of Petroleum Producers said today. Canada continues to pursue all forms of energy transportation to markets in all directions. This increased market access will create jobs, economic benefits and government revenues by taking [Read more]
No to Keystone disappointing for Canada-U.S. relations: Saskatchewan premier
REGINA - Saskatchewan Premier Brad Wall says rejection of the Keystone XL pipeline is disappointing, not only for the energy sector, but also because of the signal it sends about Canada-U.S. relations.President Barack Obama this morning said no to TransCanada's application to build the pipeline, saying it would not serve U.S. national interests.Obama said the project had an overly inflated role in the political discourse between both countries.Wall says the U.S. administration is putting [Read more]
Groundstar Resources Limited Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2015) - Groundstar Resources Limited ("Groundstar" or the "Company") (TSX VENTURE:GSA) announces that the Company is continuing with its application to the TSX Venture Exchange (the "TSXV") for the trading suspension of the common shares of the Company to be revoked and shares reinstated for trading. As a result of the recent cease trade orders which were implemented against the Company (and which have subsequently been lifted), the [Read more]