CALGARY, June 29, 2015 /CNW/ - Surge Energy Inc. ("Surge" or "the Company") announced today that, effective immediately, Mr. Maxwell Lof, Chief Financial Officer, will be leaving the Company to pursue other interests. "Surge would like to thank Max for his contributions during his time with the Company. We wish him all the best in his future endeavours," said Paul Colborne, President and CEO. Surge management's stated goal is to be one of the best positioned light/medium gravity crude oil [Read more]
News
Sunshine Oilsands Ltd. Announces Operations Update, Re-designation of Directors and Change of Members of Board Committees
CALGARY, Alberta and HONG KONG, June 28, 2015 /CNW/ -- Operations Update The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is pleased to announce that West Ells construction is substantially completed with current field activities focused on facilities commissioning and startup preparation. To assure facilities performance and achieve nameplate capacity, management has advised the Board that the period for full [Read more]
New Star Energy Ltd. Announces Shareholder Approval, Receipt of Final Court Order and Entering Into an Amending Agreement to Arrangement Agreement
CALGARY, ALBERTA--(Marketwired - June 26, 2015) - New Star Energy Ltd. ("New Star" or the "Company") is pleased to announce that at the special meeting of shareholders of the Company held on June 25, 2015, shareholders representing approximately 88.60% of the issued and outstanding common shares of New Star ("Shares") have voted 100% in support of the arrangement resolution relating to the proposed plan of arrangement ("Arrangement") between the Company and a Chinese buyer (the "Buyer"), [Read more]
CAPP Seeks 4-Point Royalty Plan to Make Alberta More Competitive
CALGARY, ALBERTA--(Marketwired - June 26, 2015) - The Alberta government should consider four principles to make the province more competitive for of oil and gas investment as it proceeds with its royalty review, the Canadian Association of Petroleum Producers said today. "An appropriate royalty structure attracts investment, creates jobs, generates government revenue and builds Alberta communities," said CAPP president Tim McMillan. "The current royalty structure, put in place [Read more]
Imperial Oil, partners defer exploration drilling plans in Beaufort Sea
CALGARY - Imperial Oil and its partners are deferring plans to explore for oil in the Beaufort Sea because they need more time to study how to safely drill in harsh Arctic waters.Imperial, its U.S. parent ExxonMobil and BP are asking the federal government for a seven-year extension to their licence, which expires in 2020."For us, it's all about giving us the time to do the work we believe necessary so that we can deliver the most technically sound and environmentally responsible program we [Read more]
Kicking Horse Energy Inc. Announces Appointment of VP Land
CALGARY, AB--(Marketwired - June 26, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) is pleased to announce the appointment of Mr. Jeff Leitl as Vice President, Land. Mr. Leitl brings extensive land, business and negotiations experience spanning more than 25 years. Mr. Leitl has been providing consulting services to Kicking Horse for the past year. Prior to joining Kicking Horse, for the past ten years, Mr. Leitl has served in the role of Vice President [Read more]
ATB boss Dave Mowat to lead Alberta royalty review
Alberta Energy Minister Marg McCuaig-Boyd today announced the appointment of ATB Financial's President and CEO Dave Mowat to lead the Alberta NDP's royalty review panel. McCuaig-Boyd is giving Mowat the responsibility to appoint members to the panel that will come up with recommendations by the end of the year. The points of reference with which the panel will work are still, according to McCuaig-Boyd, "being finalized". "As one of four million-plus owners of Alberta's natural resources [Read more]
Exactly who is chairing Alberta’s comprehensive review of climate change policy?
Today was a big day for the NDP and what they plan to do about the environment. Environment Minister Shannon Phillips announced that the existing $15-per-tonne levy will increase to $20 per tonne next year and $30 per tonne in 2017. Phillips also announced that industrial facilities that emit more than 100,000 tonnes of carbon dioxide equivalent per year will need to cut emissions intensity below a base line to 15% (from 12% today) in 2016 and 20% in 2017. Phillips also appointed Alberta [Read more]
Blackbird Energy Inc. Announces Release of Q3 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - June 25, 2015) - Blackbird Energy Inc. ("Blackbird") (TSX VENTURE:BBI) is pleased to announce that it has released its financial and operating results as at and for the three and nine months ended April 30, 2015. Blackbird's unaudited condensed consolidated interim financial statements and management discussion and analysis for the quarter ended April 30, 2015 are available on SEDAR at www.sedar.com and will also be posted to Blackbird's website at [Read more]
Oil Sands Producers Prepared to Take Greater Leadership Role to Tackle Climate Change
CALGARY, ALBERTA--(Marketwired - June 25, 2015) - Canada's oil sands producers are prepared to take a greater leadership role on climate action as part of the growing global intention to reduce greenhouse gas emissions, the Canadian Association of Petroleum Producers said today. "Alberta has world-class energy resources and oil sands companies are committed to developing world-class solutions the world needs for a cleaner energy future," said CAPP president Tim McMillan. "We [Read more]