CALGARY, ALBERTA--(Marketwired - Sept. 6, 2015) - On Sunday, September 06, 2015, Nexen Energy ULC received an Amendment Order from the Alberta Energy Regulator (AER), which lifts the application of the Suspension Order to a portion of the pipelines at our Long Lake facility. As a result, Nexen is able to maintain approximately 75% of our Long Lake oil sands production and upgrader operations. Nexen will comply with the requirements of the Amendment Order and will continue to comply with a [Read more]
News
Pipeline fire on US side of border forces short evacuation for Canadians
EMERSON, Man. - Two homes in Manitoba that are just north of the Canada-US border were evacuated due to a natural gas pipeline fire.TransCanada says the company and emergency officials responded to the fire at the St. Vincent compressor station in Kittson County, Minnesota, at about 9 p.m. on Saturday.That's about a kilometre south of the border near Emerson.Residents who had to leave were allowed back to their homes two hours later, and the fire was completely out early Sunday morning.No [Read more]
Anderson Energy Announces Passing of Founder and Director
CALGARY, ALBERTA--(Marketwired - Sept. 5, 2015) - Anderson Energy Inc. (TSX:AXL) regrets to announce the passing of its founder and director, Mr. J.C. Anderson. J.C. was a legend in the oil and gas industry and he will be deeply missed by all of those who had the privilege to know him. Our thoughts and prayers go out to his family and friends at this difficult time. [Read more]
Honeymoon over? Byelection loss ‘bad news’ for Alberta NDP: political scientist
CALGARY - A byelection loss for Alberta's NDP is "bad news" for the government and a sign that Calgarians may be suffering buyer's remorse after May's provincial election, says at least one political scientist.NDP Finance Minister Joe Ceci has acknowledged that a message was sent with Thursday's victory by the Opposition Wildrose in Calgary-Foothills.David Taras of Calgary's Mount Royal University says there is no way to sugar-coat it. "I think the honeymoon is over in Calgary and it didn't last [Read more]
Northern Spirit Resources Inc. Announces Third Closing of Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Sept. 4, 2015) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Corporation") (TSX VENTURE:NS) is pleased to announce that it has closed a third and final tranche of the previously announced non-brokered private placement ("Private Placement"), issuing an aggregate of 6,755,555 common shares in the capital of the Corporation ("Common Shares") at a price of $0.03375 per Common Share for total proceeds of approximately $0.23 million [Read more]
Hello…Newman! An industry response to Bill Nye oil sands comment
Yet another actor has been paraded around the oil sands developments in Northern Alberta. That’s right, the microphone has been given to Bill Nye (the science guy...allegedly) and he has come away with one word “depressive”. Bill is in good company as James Cameron, Neil Young and everyone’s favourite man-bun sporting entertainer, Leonardo DiCaprio, have all dropped in for a visit “hello...Newman!". These men came, they saw and they left...on their jets, but not before berating our province and [Read more]
Panda wins Calgary-Foothills as NDP loses support
Wildrose MLA Prasad Panda won the Calgary-Foothills byelection on Thursday, delivering a major breakthrough for the Wildrose Party, and the first major blow to Premier Rachel Notley’s NDP. Panda captured 38% of the vote, NDP MLA Hawkesworth trailing at 26%. PC Blair Houston was close behind in third place with 22%. Panda said NDP policies — hiking corporate taxes, reviewing the province’s royalty regime and raising the hourly minimum wage to $15 by 2018 — have only made the province’s [Read more]
Kicking Horse Energy Inc. Announces Appointment of Vice-President Finance and Chief Financial Officer
CALGARY, AB--(Marketwired - September 04, 2015) - Kicking Horse Energy Inc. ("Kicking Horse") (TSX VENTURE: KCK) is pleased to announce the appointment of Mr. Aaron Grandberg as Vice President, Finance & Chief Financial Officer. Mr. Grandberg brings extensive financial experience to Kicking Horse, most recently as Chief Financial Officer of StonePoint Energy Inc. up to its recent sale to Endurance Energy Ltd. Prior thereto, Mr. Grandberg was Chief Financial Officer of Santonia Energy Inc., and [Read more]
Supreme Court rules in Chevron appeal over Ecuador environmental damages case
OTTAWA - The Supreme Court of Canada has dismissed an attempt by oil giant Chevron to block Ecuadorian villagers from using an Ontario court to collect billions in damages for environmental contamination.The 7-0 ruling allows the case to proceed in Canada, but it makes no finding on the merits of the long-running legal saga that has played out in courtrooms across the Western Hemisphere.The key issue at play was whether there was a real and substantial connection between the villagers and the [Read more]
StonePoint Energy Announces Completion of Acquisition by Endurance Energy
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2015) - StonePoint Energy Inc. (TSX VENTURE:STO) ("StonePoint") announces the completion of the previously announced acquisition by Endurance Energy Ltd. of all of the outstanding StonePoint common shares pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Under the Arrangement, which was approved by over 97.7% of the votes cast by StonePoint shareholder at the special meeting held to approve the Arrangement, [Read more]