The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. As if being the world's biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world. "Saudis have moved into the product business in a big way," said Fereidun Fesharaki of FGE [Read more]
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Shareholders of Mobius Resources Inc. and Sintana Energy Inc. Approve Business Combination
CALGARY, ALBERTA--(Marketwired - July 29, 2015) - Mobius Resources Inc. (formerly Zodiac Exploration Inc.) ("Mobius" or "the Company") (TSX VENTURE:MBS) and Sintana Energy Inc. ("Sintana") (TSX VENTURE:SNN) are pleased to announce that the shareholders of both companies approved the matters put before them at the special meetings held July 27, 2015 in connection with the plan of arrangement involving the amalgamation of Sintana and a wholly owned subsidiary of Mobius which will result in the [Read more]
Tamarack Valley Energy Ltd. Announces Second Quarter 2015 Production and Reduces 2015 Capital Budget While Maintaining Average Daily Production Guidance
CALGARY, ALBERTA--(Marketwired - July 29, 2015) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce estimated production of 6,992 boe/d (60% oil & NGL's) for the second quarter 2015, current production of approximately 8,525 boe/d (58% oil & NGL's) based on field estimates and an increase to its credit facilities to $165 million. The Company also announces a reduction to its 2015 capital program in response to the recent decrease in oil prices. [Read more]
Clinton’s dodge on Keystone XL pipeline frustrates many, including questioner
WASHINGTON - A town-hall spectator who elicited a headline-making, non-answer from Hillary Clinton understands perfectly well why she dodged his question about Keystone XL.He understands the pipeline represents a political predicament for the Democratic front-runner."There's enormous pressure from both sides," said Bruce Blodgett, a New Hampshire software developer whose question to Clinton produced news Tuesday across the U.S. and beyond."Any way she answers the question she'll alienate a huge [Read more]
Saturn Minerals Inc. Announces Flow-Through and Non Flow-Through Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce a flow-through and non flow-through financing as follows: 550,000 flow-through units at a price of $0.18 per unit (the "FT Unit"). Each FT Unit consists of one flow-through common share (the "FT Shares") and one-half of a non flow-through share purchase warrant (the "FT Warrants"). Each whole FT Warrant will entitle the holder to [Read more]
Ikkuma Resources Corp. Announces the Appointment of a New Director
CALGARY, July 28, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to announce the appointment of David G. Anderson as a new member of the Board of Directors. Since 1993, Mr. Anderson has been CEO of Winsome Capital Inc., a private venture capital firm. He co-founded Dixie Energy Trust, Bison Resources, Outrider Resources and several technology companies. Mr. Anderson is currently Chairman of Dixie Energy and acting CEO of Emberclear Inc., a [Read more]
NEB releases details for Trans Mountain Pipeline Expansion Project hearings
CALGARY, July 28, 2015 /CNW/ - The National Energy Board (NEB) hearing panel for the Trans Mountain Expansion Project (the Project) has issued a procedural direction announcing the details for oral summary argument. The hearing panel will hear oral summary argument for the Project from Trans Mountain Pipelines on 24 August in the NEB Hearing Room, Calgary, Alberta. From 9 - 30 September, 76 Intervenors will deliver oral summary argument at the Delta Burnaby Hotel and Conference Centre in [Read more]
Nebraska judge sets trial for lawsuit over eminent domain use in seizing land for oil pipeline
O'NEILL, Neb. - A judge has scheduled an October trial on a Holt County lawsuit aimed at keeping TransCanada Corp. from seizing land to build the Keystone XL oil pipeline.At a hearing in on Monday in O'Neill, District Judge Mark Kozisek set the nonjury trial date of Oct. 19.Seven Nebraska landowners filed lawsuits after the state Supreme Court tossed an earlier, similar lawsuit, with three justices saying the plaintiffs in the case didn't have standing to sue because they didn't prove [Read more]
Pre-existing defect led to January 2014 pipeline rupture in Otterburne, Manitoba
WINNIPEG, July 28 2015 /CNW/ -The Transportation Safety Board of Canada (TSB) today released its investigation report (P14H0011) into the 25 January 2014 rupture of a TransCanada PipeLines Limited pipeline. A 30-inch natural gas pipeline, Line 400-1, ruptured and ignited at the site of Mainline Valve 402 near Otterburne, Manitoba. The escaping gas burned for approximately 12 hours. Five residences in the immediate vicinity were evacuated until the fire was extinguished. The investigation [Read more]
Enbridge Income Fund Holdings Inc. Reports Second Quarter Earnings of $30.6 Million or $0.43 Per Common Share; Declares Monthly Dividend
CALGARY, ALBERTA--(Marketwired - July 28, 2015) - HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) • Enbridge Income Fund Holdings Inc. (the Company) delivered second quarter earnings of $30.6 million ($0.43 per common share); Earnings for the first half of 2015 were $61.5 million ($0.87 per common share) • Second quarter earnings for the Company's investee, Enbridge Income Fund (the Fund), were $34.3 [Read more]