After reading articles like this one, one may begin to realize (if not already), that Alberta under the newly elected NDP leadership, is going in the wrong direction. In response to the growing dissonance, the first major anti-NDP rally is slated for Sunday in Edmonton at 2:00PM on the grounds of the Alberta legislature. Stand-Up-For-Alberta, as it's called, will highlight three important themes throughout the day: industry, small business, and the economy. The rally is both approved and [Read more]
News
Artisan Energy Closes Second Tranche of Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - Sept. 10, 2015) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that it has closed a second tranche of its previously announced brokered private placement of common shares ("Private Placement") with Richardson GMP Limited ("Richardson GMP") as agent. Artisan has issued 3,350,000 common shares at a price of $0.10 per common share for aggregate gross proceeds of $335,000. Artisan expects to close the [Read more]
Bayshore Petroleum Corp. Announces Agreement to Jointly Develop Athabasca Oilsands Property and Produce Commercial Diesel Using New Technologies
CALGARY, ALBERTA--(Marketwired - Sept. 10, 2015) - Bayshore Petroleum Corp. ("Bayshore" or the "Company") (TSX VENTURE:BSH) announces it has entered into a Memorandum of Understanding (the "MOU") with Athabasca bitumen producer E-T Energy Ltd. ("ET"), which has operations in the Poplar Creek, Fort McMurray area of Alberta. Under the MOU, Bayshore and ET intend to raise capital and implement a construction and operations program to accomplish two objectives: [Read more]
Royalty review chairman says people saying stability in energy sector is key
CALGARY - The chairman of Alberta’s royalty review says the No. 1 thing his panel has heard in feedback from industry, government and Albertans alike is the need for stability and predictability in the energy sector.Dave Mowat told radio station CHQR on Wednesday that it's now up to the panel to come up with a set of principals that apply whether the price of oil is at $30 a barrel or $100 a barrel.He says it would then be up to oil companies and the Energy Department to make sure that resources [Read more]
Cleanup of North Dakota oil spill slowed by lack of natural gas to power special equipment
BISMARCK, N.D. - The cleanup of a massive 2013 oil spill in northwestern North Dakota is being hampered by a lack of natural gas needed to power special equipment that cooks hydrocarbons from crude-soaked soil, a state regulator said.Crews have been working around-the-clock to deal with the Tesoro Corp. pipeline break that spilled more than 20,000 barrels of oil into a Tioga wheat field two years ago this month.Bill Suess, an environmental scientist with the state Health Department, said [Read more]
TransCanada Appoints New Independent Director
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced the appointment of a new independent director, Mr. John E. Lowe, effective immediately. Mr. Lowe currently serves as the non-executive Chairman of Apache Corporation's board of directors and also on the board of directors for Phillips 66. He also acts as a Senior Executive Adviser at Tudor Pickering, Holt & Co. LLC, an energy investment and merchant banking firm. [Read more]
Canadian Natural cuts staff salaries in Calgary, Aberdeen by up to 10%
CALGARY - Canadian Natural Resources Ltd. said Wednesday that it is cutting salaries for all of its staff in Calgary and Aberdeen, Scotland, as it grapples with low commodity prices.Salaries will be reduced by up to 10 per cent, with the biggest cuts being absorbed by higher salaried employees, according to company spokeswoman Julie Woo.Canadian Natural (TSX:CNQ) has not reduced its workforce this year, unlike many oil and gas producers who have resorted to mass layoffs in the face of plummeting [Read more]
Connacher Announces Deferral of Interest on 12% Convertible Notes
CALGARY, Sept. 9, 2015 /CNW/ - Connacher Oil and Gas Limited (CLC - TSX; "Connacher" or the "Company") today announced that in accordance with the terms and conditions of the indenture dated May 8, 2015 relating to the issuance by Connacher of US$35 million of 12% convertible notes due 2018 (the "Notes"), it has elected to exercise its right to defer the cash payment of interest payable on September 30, 2015 upon all such Notes until December 31, 2015 (or such other interest payment date as [Read more]
Alberta on track for lowest oil and gas land sale revenue in decades
CALGARY - With only a few months left in the year, Alberta is on track to post its worst oil and gas land sales revenue in more than two decades.As of late August the auctions for land, in which the province leases out land rights to energy companies, have pulled in $209 million. "It's absolutely the worst that we've seen the 21 years that I've been doing this," said Winston Gaskin, president of Standard Land Company, which assists companies in buying land rights.In 2014 Alberta sold $494 [Read more]
Groundstar Resources Limited Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2015) - Groundstar Resources Limited ("Groundstar" or the "Company") (TSX VENTURE:GSA) is providing an update with respect to the filing of the audited financial statements for the year ended April 30, 2015 as well as with respect to misstatements discovered in the previously filed unaudited interim financial statements for the first three quarters of the year ended April 30, 2015. Current management is working diligently with the Company's new [Read more]