CALGARY, Oct. 24, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that the Company has completed its previously announced acquisition (the "Transaction") of the Vantage pipeline system ("Vantage") and Mistral Midstream Inc.'s ("Mistral") interest in the Saskatchewan Ethane Extraction Plant ("SEEP") from certain entities affiliated with Riverstone Holdings LLC (the "Seller"). "I am very pleased to add these strategic assets to [Read more]
News
Pacific Northwest LNG president resigns, Progress Energy chief to fill role
VANCOUVER - The president of Pacific Northwest LNG, which is looking to build a multibillion-dollar project near Prince Rupert, B.C., has resigned, the consortium led by Malaysian energy giant Petronas said Friday.Pacific Northwest LNG said Greg Kist plans to return to his home and family in Alberta."Under Greg's leadership, the company was formed and continues to work towards a final investment decision this year," Pacific Northwest chairman Dato' Wee Yiaw Hin said in a statement."He leaves [Read more]
Pilot Energy Corp. updates Swift Current, Saskatchewan and Northwest Alberta asset acquisitions and 2014 financing
Pilot Energy Corp. is pleased to provide an update on the previously announced exclusive Swift Current asset acquisition and on the exclusive option to purchase proven shut-in gas assets in North-western Alberta. In conjunction with the subject asset purchase/option and further development thereof, Pilot is currently seeking a minimum of $750,000 and maximum of $2,000,000 of capital financing for Phase 1 of its acquisition and development program through the issuance of common and flow-through [Read more]
Strata Oil Submits Application to Drill Cold Production Targets on Cadotte West Land
PEACE RIVER, ALBERTA--(Marketwired - Oct. 24, 2014) - Strata Oil & Gas Inc. (OTCQB:SOIGF) announced today that it has submitted its Oil Sands Exploration plan application to the Crown for its drilling program on Strata's 100%-interest Cadotte/Cadotte-West land blocks in the Peace River region of Alberta. The proposed drilling program covers 11 distinct drilling targets and will test for cold production. To view the photo accompanying this press release please click on the following link: [Read more]
Shoreline Energy Corp. Announces Settlement Agreement With a Creditor
CALGARY, ALBERTA--(Marketwired - Oct. 24, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has entered into a settlement agreement (the "Settlement Agreement") with a senior creditor (the "Creditor"). The Settlement Agreement provides that Shoreline pay the Creditor $2.5 million immediately upon execution of the Settlement Agreement and an additional $3 million on or before December 31, 2014. The Settlement Agreement further provides that [Read more]
Enbridge stands ground, tells National Energy Board that Line 9 design is safe
CALGARY - Enbridge Inc. (TSX:ENB) insists in a regulatory filing that its design for the Line 9 pipeline through southern Ontario has the right shut-off valve configuration to minimize the risk to waterways and reservoirs in the event of a rupture.The Calgary-based company was responding to the National Energy Board's decision to delay a restart of the pipeline because it's "not persuaded" that Enbridge has met one of the the conditions attached to the NEB's approval of the project.Line 9 had [Read more]
Delphi Energy Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Oct. 23, 2014) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide the following update. BIGSTONE MONTNEY Delphi has successfully completed its sixth Montney horizontal well of 2014 at 3-26-59-23 W5M ("3-26") in East Bigstone. The 3-26 well (100 percent working interest) was drilled to a total depth of 5,593 metres with a horizontal lateral length of 2,601 metres and stimulated with a 30 stage slickwater hybrid completion. The [Read more]
National Energy Board Rules on Trans Mountain Motion
CALGARY, Oct. 23, 2014 /CNW/ - The National Energy Board (the Board) issued an order today granting Trans Mountain access to Burnaby Mountain to complete technical studies related to the company's proposed pipeline. The order prevents the City of Burnaby from blocking Trans Mountain from carrying out the required surveys and technical studies. The Board also ruled that it has the legal authority to consider constitutional questions relating to its own jurisdiction. In the ruling, the Board [Read more]
Cenovus, Husky take oil price drop in stride, stress flexibility is key
CALGARY - Executives with two big Canadian oil companies are taking recent oil price weakness in stride, signalling no immediate plans to throttle back spending, but ensuring they have the flexibility to do so if needed.Cenovus Energy Inc. (TSX:CVE) and Husky Energy Inc. (TSX:HSE) are both in the midst of finalizing their capital budgets in 2015, with details set to be unveiled in December.Cenovus CEO Brian Ferguson gave a glimpse Thursday of what next year's budget will look like — roughly the [Read more]
No need for Kinder Morgan to register as third party advertiser: Elections BC
VANCOUVER - Elections BC says energy giant Kinder Morgan does not need to register as a third-party advertiser in the province's civic election campaign.A Vancouver-area member of Parliament asked Elections BC look into the issue, saying Kinder Morgan is running advertisements about the Trans Mountain pipeline expansion during the municipal election period.Burnaby-Douglas New Democrat MP Kennedy Stewart said the pipeline proposal is a key campaign issue for several municipalities and he [Read more]