CALGARY, AB--(Marketwired - June 15, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Powder Mountain Energy Ltd. ("Powder") to acquire all of the common shares of Powder (the "Powder Combination") for total expected consideration of approximately $27.35 million, payable through the issuance of Canamax common shares having a deemed value of $0.60 per share (the [Read more]
News
Quattro Commences Trading and Provides Corporate Update Confirming an Additional 200 boe Per Day of Production
CALGARY, Alberta, June 15, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to report the resumption of trading of its common shares on the TSX Venture Exchange under the trading symbol "QXP" and the successful addition of 200 boe per day at Milo Clarke Lake, in North East British Columbia. Quattro focused in the first quarter of 2015 on the remediation, equipping of 3 wells in the region and a re-entry program at Muskwa, a well [Read more]
Vital Energy Inc.: S.W. Saskatchewan Core Project Areas-Status Update
CALGARY, ALBERTA--(Marketwired - June 12, 2015) - Vital Energy Inc. (TSX VENTURE:VUX) announces: In the Gull Lake Project Area: the previously announced 11-32-13-19 W3M vertical test well that was targeting oil production from the Roseray, Cantuar and Upper Shaunavon was completed and placed on production in January 2015. The 11-32 well is producing medium gravity oil from the Roseray formation. As previously announced the well located in 6-5-14-19 W3M has been converted into a water [Read more]
Petronas LNG go-ahead seen as an good sign for other West Coast projects: expert
CALGARY - A tentative green light for a multibillion-dollar liquefied natural gas project in British Columbia sets the stage for other players to follow suit, say energy industry experts.Pacific NorthWest LNG "breaks some ground" for its peers by being the first B.C. LNG player to officially decide to go ahead, said ARC Financial vice-president Jackie Forrest."I view this as a good thing for the industry as a whole," she said."The first project is often the most difficult one. Just establishing [Read more]
Coast Guard removes activists attached to Shell ship in Washington to protest Arctic drilling
BELLINGHAM, Wash. - Two activists spent about six hours Friday suspended from the anchor chain of a Royal Dutch Shell support ship docked north of Seattle to protest the petroleum giant's plans to drill for oil in the Arctic Ocean.The protesters sitting in cloth slings attached themselves around 3:30 a.m. to the anchor chain of the American Trader at the Bellingham harbour. A spokeswoman for the group said they were comfortable, in good spirits and excited to be there.The Coast Guard reported [Read more]
As oilpatch downturn continues, job seekers wrestle with career change
CALGARY - Eight months into his search for a new job in the oil and gas industry, Rashad Bayramov says he's open to switching industries.But it's not so simple."There are some perceptions from employers," said Bayramov, who previously worked in cost control. "They prefer people with experience in the specific field. It's not easy to change, even if you wish so."Bayramov was one of close to 2,000 people who showed up at the Global Energy Career Expo in Calgary that ran this week. But with only [Read more]
Manitok Energy Inc. Announces the Closing of the Acquisition of Wayne Assets in Southern Alberta and Closing of the Majority of the Equity Financing
CALGARY, ALBERTA--(Marketwired - June 12, 2015) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that it has closed the acquisition of certain petroleum and natural gas assets in the Wayne area of southeast Alberta as previously announced on its press release dated June 8, 2015 for a total cash consideration of $61.5 million prior to transaction costs and customary closing adjustments (the "Wayne Acquisition"). The [Read more]
TransCanada Reaches Significant Milestone Pacific NorthWest LNG Makes Positive Final Investment Decision Subject to Two Conditions
PRINCE RUPERT, BRITISH COLUMBIA--(Marketwired - June 12, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that its Prince Rupert Gas Transmission Project (PRGT) has reached an important milestone with a positive Final Investment Decision, subject to two conditions, from Pacific NorthWest LNG (PNW LNG) for the proposed PNW LNG liquefaction and export facility in the District of Port Edward in B.C. "This development is a significant step forward," said [Read more]
Indonesia to rejoin OPEC after 7-year hiatus in move to forge closer ties with oil exporters
JAKARTA, Indonesia - Indonesia's energy ministry said Friday the country will rejoin the Organization of Petroleum Exporting Countries this year to forge a closer relationship with oil suppliers.I Gusti Nyoman Wiratmadja Pudja, director-general of oil and gas at the ministry, said Indonesia will reactivate its membership in November after all OPEC members approved its application to rejoin the oil cartel at a meeting in Vienna last week.The Southeast Asian country left the group in 2008 after [Read more]
Pacific NorthWest LNG Announces Final Investment Decision
VANCOUVER, June 11, 2015 /CNW/ - Pacific NorthWest LNG (PNW LNG) announced today that the required technical and commercial components of the project have been satisfied. Consequently, PNW LNG has resolved to move forward with a positive Final Investment Decision, subject to two conditions. The Final Investment Decision will be confirmed by the partners of PNW LNG once two outstanding foundational conditions have been resolved. The first condition is approval of the Project Development Agreement [Read more]