CALGARY, Jan. 20, 2014 /CNW/ - (TSX Venture: WX) — Wrangler West Energy Corp. ("Wrangler" or the "Company") is pleased to announce that it has entered into an agreement (the "Amalgamation Agreement") with Trident Exploration Corp. ("Trident") and 981443 Alberta Ltd. ("981443"), a wholly owned subsidiary of Trident, pursuant to which Trident will acquire Wrangler through the amalgamation of 981443 with Wrangler under the Business Corporations Act (Alberta) (the "Amalgamation"), and Wrangler [Read more]
News
CNOOC Limited Announces its 2014 Business Strategy and Development Plan
HONG KONG, Jan. 20, 2014 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced a summary of the Company's business strategy and development plan for the year 2014. The Company's net production target of 2014 is in the range of 422 to 435 million barrels of oil equivalent (BOE), including approximately 69 million BOE as a result of the acquisition of Nexen Inc. (Nexen). The Company's net production for 2013 is estimated to be around 412 million BOE, including 61 [Read more]
Questerre Updates Montney Activities
CALGARY, ALBERTA--(Marketwired - Jan. 20, 2014) -Â Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report that commissioning has been completed for the joint venture central compression and condensate stabilization facility located at 16-07-63-5W6M ("16-07 Facility") in the Kakwa-Resthaven area. Questerre has a 25% working interest in this facility. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "This facility will [Read more]
Suncor Energy reports employee fatality at its Oil Sands site
FORT MCMURRAY, ALBERTA--(Marketwired - Jan. 20, 2014) - It is with deepest regrets that Suncor Energy reports there has been an employee fatality at its Oil Sands site on Sunday January 19, 2014. Suncor Emergency Services personnel responded to a request for service early today after an employee was unable to be located. Suncor immediately activated its emergency response plan, began full-scale search operations and notified the RCMP and Alberta Occupational Health and Safety. The [Read more]
Hearing to start on Alberta oilsands odours
PEACE RIVER, Alta. - Hearings are scheduled to begin this week on odours blamed on oilsands operations that have driven northern Alberta families off their land and at least one of the affected farmers hopes it will all wind up with tougher rules against bad smells."The best result possible is that they make some regulations to get companies to capture their vapours," said Alain Labrecque, who's had to leave the farm his father pioneered over pungent smells that he says are destroying the health [Read more]
Young Has Not Accepted Oil Sands Producers’ Meeting Offer, Says No to a Balanced News Conference
CALGARY, ALBERTA--(Marketwired - Jan. 19, 2014) - Entertainer Neil Young and Athabasca Fort Chipewyan First Nation chief Allan Adam have not accepted to an offer to meet with oil sands producers prior to Young's benefit concert today. At its media conference on January 16, CAPP said the industry would be pleased to sit down with Mr. Young and Chief Adam and have a balanced discussion about oil sands and Aboriginal engagement. CAPP and Neil Young's public relations representative made [Read more]
Enbridge Restarts Line 67 After Pump Station Release
CALGARY, ALBERTA--(Marketwired - Jan. 19, 2014) - Enbridge Inc., (TSX:ENB)(NYSE:ENB) shut down and isolated its Line 67 pipeline south of Regina, Saskatchewan at approximately 10:50 a.m. MDT today after a release from the pumping station piping within the Rowatt Station. Immediately upon Enbridge's detection of the pumping station leak, the pipeline was shut down. An initial investigation has determined the release occurred within the facility, and that all free product was contained on site. [Read more]
Neil Young’s anti-oilsands tour hits Alberta
CALGARY - Rock legend Neil Young's Honour the Treaties concert tour wraps up tonight in the province with the most at stake in the debate over the economic and environmental effects of oilsands development. The show, which supports the Athabasca Chipewyan First Nation located downstream from the oilsands, takes place in Calgary. It follows stops earlier this week in Toronto, Winnipeg and Regina where Young dropped statements about the oilsands that many denounced as over-the top. Young [Read more]
National Energy Board responds to oil release south of Regina
CALGARY, Jan. 18, 2014 /CNW/ - The National Energy Board (NEB or Board) is responding to a release of crude oil on the Alberta Clipper pipeline south of Regina, Saskatchewan owned and operated by Enbridge Pipelines Inc. The release was reported to the NEB just before noon today. The size of the release has yet to be determined by the NEB. There is no immediate safety concern for local residents and precautions are being taken to ensure continued public safety. The release of crude oil occurred [Read more]
Oil price holds near US$94; up 2% on the week
The price of oil rose slightly Friday, finishing the week two per cent higher on signs of rising demand in the U.S., the world's biggest oil consumer.Benchmark West Texas Intermediate crude for February delivery rose 41 cents to close at US$94.37 on the New York Mercantile Exchange. Oil is up two per cent since closing last Friday at US$92.72.The March contract for Brent crude, the benchmark for many international varieties, was up 73 cents at US$106.48 in London.U.S. oil began the year near [Read more]