VICTORIA - New legislation introduced in British Columbia requires liquefied-natural-gas plants to meet emission standards or face penalties and makes the industry the cleanest in the world, says Environment Minister Mary Polak.Polak tabled the Greenhouse Gas Industrial Reporting and Control Act Monday, saying it will set the province's emission benchmark at 0.16 tonnes of carbon dioxide for each tonne of LNG produced, which is lower than any other LNG facility in the world.She said it will test [Read more]
News
Mountainview Energy Ltd. announces commitment for new credit facility
CUT BANK, MT, Oct. 20, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") is pleased to announce that its wholly-owned subsidiary, Mountain Divide, LLC ("Borrower") has entered into a commitment letter (the "Commitment") with Wells Fargo Energy Capital, Inc. (the "Lender") with respect to a new term facility (the "New Facility") and a US$16 million unsecured subordinated convertible promissory note (the "Note") to replace: (a) the current senior secured advancing credit [Read more]
Blackbird Energy Inc. Announces Spudding of First Middle Montney Well at Elmworth and the Closing of $7.0 Million Non-Brokered Tranche of Ongoing Private Placement
CALGARY, ALBERTA--(Marketwired - Oct. 20, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has spud its first Middle Montney well at Elmworth. The well was spud from surface location 14-14-70-07W6 and will be drilled to a vertical depth of approximately 2,330 meters and a lateral length of approximately 2,000 meters to location 6-26-70-07W6. Drilling operations are expected to take approximately 30 days to complete. Post completion [Read more]
As oilpatch reporting season begins, crude price drop top of mind
CALGARY - The recent rout in oil prices will likely be top of mind for investors as Canada's top oilpatch players release their third-quarter results over the next few weeks.The steep drop in the key U.S. benchmark crude — to about US$80 a barrel from around US$95 just a month ago — won't be evident in companies' financial reports for the quarter ended Sept. 30.But analysts and investors will be paying keen attention to the mood of top brass on quarterly conference calls and looking for signals [Read more]
Canada facing competition in energy markets; time to get going, says Rickford
EDMONTON - Federal Natural Resources Minister Greg Rickford says time is of the essence for Canada to get its oil and gas to markets because other countries are getting into the game.Rickford told a business crowd in Edmonton that Russia is spending a lot on exploration, while England, Poland and Romania are also sitting on a large supply of shale gas, and they're looking to be an energy power as well.The minister said Friday that he's looking at 2017-2018 as a medium-range goal to get Canada's [Read more]
Veresen Announces Appointment of President and CEO of Jordan Cove LNG
CALGARY, Oct. 17, 2014 /CNW/ - Veresen Inc. ("Veresen" or "the Company") (TSX: VSN) is pleased to announce that Elizabeth (Betsy) Spomer has been appointed President and Chief Executive Officer of Jordan Cove LNG LLC and Executive Vice President of Veresen. Ms. Spomer brings over 30 years of experience in the energy industry, having the majority of her career in the liquefied natural gas ("LNG") industry. Betsy has extensive experience in commercial activities and developing new growth [Read more]
Questerre Updates Montney Activities
CALGARY, ALBERTA--(Marketwired - Oct. 17, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today on recent developments in the Kakwa-Resthaven area of west central Alberta. Production from the Company's joint venture acreage resumed earlier this month following a scheduled shut-down for third party processing plant maintenance. Current production, net to Questerre, from this acreage is approximately 1,000 boe/d. This includes initial production [Read more]
Artek Exploration Ltd. Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Oct. 16, 2014) - Artek Exploration Ltd. ("Artek" or the "Company") (TSX:RTK) is pleased to provide the following operational update: In the Inga/Fireweed area, the Company's A-65-I Horizontal Montney well that was completed with a slickwater frac in the second quarter of 2014 has been on production for 30 days and during that time period averaged approximately 903 boe/d of which 513 bbl/d or 55% was free condensate and 67% was total liquids. Based on September [Read more]
Shoreline Energy Corp. Announces Amended and Restated Forbearance Agreements With Certain Senior Lenders
CALGARY, ALBERTA--(Marketwired - Oct. 16, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce it has entered into amendment agreements extending its previously expired forbearance agreements with certain senior lenders (collectively, the "Forbearance"). In connection with execution of the Forbearance, Shoreline paid down $3,441,000 of the aggregate amount owing to these lenders, resulting in an aggregate balance owing of approximately $5,439,000. [Read more]
International energy researcher to focus on oilsands at Calgary university
CALGARY - Nanotechnology similar to that used to kill tumours in cancer patients could be adapted to improve in situ oil recovery in Alberta's oilsands, says an international researcher.Steven Bryant, a world-leading nanotechnology expert from the University of Texas in Austin, was introduced Thursday as the latest Canada Excellence Research Chair at the University of Calgary.A federal energy research program awards world-renowned scientists and their teams up to $10 million over seven years to [Read more]