CALGARY, AB--(Marketwired - June 01, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide an operational and financial update. EP PROGRAM UPDATE Tourmaline currently has six rigs active post-break-up and plans to activate the remaining 10 rigs in early July. Continued optimization of recently expanded facilities has allowed the Company to increase production through-put and allowed the Company to defer planned 2H 2015 facility expansions at Wild [Read more]
News
Canamax Announces Financial and Operating Results for the First Quarter Ended March 31, 2015
CALGARY, AB--(Marketwired - June 01, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce the Company's financial and operational results for the interim period ended March 31, 2015. Highlights During the three-month period ended March 31, 2015, Canamax continued to execute its operational plan in its core areas. This included activation of significant new gathering and emulsion handling facilities at Flood and tie-in of the Company's new [Read more]
The BOE Report reached over 100,000 users in May
For the BOE Report: The month of May proved exceptional for audience engagement and overall user growth. Since first launching only two and a half years ago, the BOE Report proudly has grown its user base to over 100,000 users. For this past May, the site reached 100,474 users and 318,672 unique page views, 90% of which came from within Alberta. BOE has experienced continued growth in the news service’s readership and user base. Since the news service’s inception, user numbers have grown [Read more]
B.C. activists protest Shell oil drilling ship’s movement through Inside Passage
VANCOUVER - A group of environmentalists and B.C. First Nations opposed to Arctic oil exploration are protesting a multinational oil and gas company's movements through the West Coast's Inside Passage.International environmental organization Greenpeace says Royal Dutch Shell is transporting its oil-spill-containment vessel, the Arctic Challenger, up B.C.'s coastline to the Aleutian Peninsula in Alaska.Chief Calvin Craigan of the Sechelt First Nation says increased tanker traffic in the region [Read more]
New coating made in Edmonton for pipelines could cut down leaks, spills:official
EDMONTON - A nanotechnology advancement being developed at Edmonton's Northern Alberta Institute of Technology could hold the key to making pipelines safer.Reg Allen of Meso Coat Technology Canada says the spray coats the inside of the pipe and could double the life of the line, even with something as corrosive as oil or gas flowing through it.Western Diversification Minister Michelle Rempel was in Edmonton Friday to announce the government is giving the company $1.5 million to develop the [Read more]
Spyglass Resources Corp. Announces Extension of Credit Facility Review
CALGARY, May 29, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces the Company and its lenders have agreed to further extend its annual credit facility review and borrowing base determination from May 29, 2015 to June 30, 2015. The Company's existing credit facility has therefore been extended until June 30, 2015 consistent with this revised renewal schedule. Spyglass will issue a press release once the review has concluded. [Read more]
Ironhorse Announces Q1 2015 Financial and Operating Results
CALGARY, May 29, 2015 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three months ended March 31, 2015. Financial and Operation Summary Mid March 2015, Sinopec Canada completed expansion of the 13-2 battery which required installation of additional sour gas compression, group inlet separation and vapour recovery capacity. Re-start of production from the Pembina Nisku L2L pool, post 13-2 facility upgrade, [Read more]
US oil and natural gas rig count drops by 10 to 875; down 4 in Texas
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 10 this week to 875.Houston-based Baker Hughes said Friday 646 rigs were seeking oil and 225 explored for natural gas. Four were listed as miscellaneous. A year ago, with oil prices nearly double the current levels, 1,866 rigs were active.Among major oil- and gas-producing states, Texas lost four rigs, California declined by three and Arkansas, Louisiana and [Read more]
Storm Resources Ltd. Announces Disposition of Grand Prairie Assets
CALGARY, ALBERTA--(Marketwired - May 29, 2015) - STORM RESOURCES LTD. ("Storm" or the "Company") (TSX VENTURE:SRX) is pleased to announce that it has entered into a definitive purchase and sale agreement with an oil and gas company with respect to the disposition (the "Disposition") of the Company's properties (the "Assets") in the Grande Prairie area of northwest Alberta. Details of the Disposition are as follows: Disposition price is $24.0 million, subject to standard closing adjustments. [Read more]
Oil downturn drags down GDP numbers, but worst of slump likely over: expert
CALGARY - The ugliness isn't over for Alberta's oilpatch but the worst of it has likely passed, observers said Friday as Statistics Canada posted some gloomier-than-expected economic data."I think the mood and apprehension was far worse in January than it is now," said ATB Financial chief economist Todd Hirsch."That said, you wouldn't call the current environment bright."The Statistics Canada figures showed the Canadian economy contracted by 0.6 per cent during the first quarter on an annualized [Read more]