CALGARY, ALBERTA--(Marketwired - Nov. 2, 2015) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) announces our third quarter financial and operating results. THIRD QUARTER FINANCIAL & OPERATING HIGHLIGHTS Third quarter 2015 production averaged 30,255 boepd (71% light oil and liquids weighted), a 5% decrease from second quarter 2015 production due to a reduced capital program and third-party facility restrictions. Average production for the first nine months of [Read more]
News
TransCanada Asks State Department to Pause Keystone XL Review
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has sent a letter to Secretary John Kerry of the U.S. State Department asking the Department to pause its review of the Presidential Permit application for the Keystone XL pipeline. The company believes there is sound precedent for making this request. "We are asking State to pause its review of Keystone XL based on the fact that we have applied to the Nebraska [Read more]
Newfoundland and Labrador introduces new generic royalty regime for offshore oil
ST. JOHN'S, N.L. - The Newfoundland and Labrador government released details of its new generic offshore oil royalty regime on Monday, saying the simplified system will make the province more competitive on the world stage.Natural Resources Minister Derrick Dalley said the new framework will see royalty rates increase as fields become more profitable, but he insisted the new generic regime will also provide a more predictable starting point for energy companies.Under the old regime, the province [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Strategic Acquisitions and Establishment of Credit Facility
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2015) - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE:TWM) is pleased to announce that it has entered into two acquisition agreements with vendors (the "Vendors") to acquire a 100% working interest in a gas processing facility and related pipelines and infrastructure (the "Gas Plant Acquisition") for approximately $17 million, as well as the acquisition of a retail propane business (the "Retail Propane [Read more]
Enbridge Energy Partners, L.P. Declares Distribution and Reports Earnings for Third Quarter 2015
HOUSTON, TX--(Marketwired - Nov 2, 2015) - Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners" or "the Partnership") announced today that the board of directors of the delegate of its general partner has declared a cash distribution of $0.583 per unit, or $2.332 per unit on an annualized basis, representing a 5 percent increase compared with the third quarter of 2014. The distribution will be paid on November 13, 2015 to unitholders of record as of the close of business on November [Read more]
Sunshine Oilsands Ltd.: Extension of Closing of Private Placement Under Specific Mandate
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Nov. 2, 2015) - Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) wishes to announce the following: Extension of Closing Date for Private Placement under Specific Mandate Reference is made to the announcements of the Corporation dated June 1, 2015 (Hong Kong), July 28, 2015 (Hong Kong), August 21, 2015 (Hong Kong) and October 1, 2015 (Hong Kong) and the circular of the Corporation dated June 22, 2015 (the [Read more]
BOE Report reaches 110,000 users in October
The month of October proved exceptional for audience engagement and overall user growth for the BOE Report. Since first launching only two and a half years ago, the BOE Report proudly has grown its user base to over 110,000 users. In October, the site reached 110,636 users and 477,659 unique page views, 75 per cent of which came from within Alberta. The BOE Report's userbase is strongly concentrated within oil and gas companies based in Calgary. Over 350 different oil and gas companies read [Read more]
New Brunswick, Saskatchewan premiers meet to talk up Energy East pipeline project
REGINA - New Brunswick Premier Brian Gallant continued his western trip talking up the Energy East pipeline in Saskatchewan.Gallant met with Saskatchewan Premier Brad Wall in Regina.They talked about the benefits of the proposed $12-billion TransCanada line that would take oil from Alberta and Saskatchewan across the country to refineries and ports in the East, ending in New Brunswick.Gallant says the project would create thousands of jobs across the country and at the same time diversify [Read more]
Notley sympathetic to energy woes but no short-term lifelines contemplated
CALGARY - Alberta Premier Rachel Notley says she sympathizes with the plight of energy companies and their employees due to low oil prices, but her government isn't in a position to offer any short-term lifelines.The Canadian Association of Petroleum Producers has estimated 36,000 jobs in the oil and gas sectors have been shed so far this year."We know of course that where these jobs disappear that it's very hard for families. It's very hard for communities. It's very hard ... for the people who [Read more]
North Dakota allows energy drillers to leave oil in ground longer in hopes of price rise
BISMARCK, N.D. - Depressed oil prices have helped build an inventory of about 950 drilled but uncompleted wells in North Dakota. Companies are supposed to bring the wells online within a year but North Dakota officials last week decided to give drillers an extra year, hoping for a rebound in crude prices that would provide the state with a better long-term payoff in tax revenue.MORE TIMENorth Dakota's all-Republican Industrial Commission led Gov. Jack Dalrymple last week allowed well owners to [Read more]