CALGARY, ALBERTA--(Marketwired - June 4, 2015) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce that the holders ("Debentureholders") of 12.00% convertible unsecured subordinated debentures of High North ("Debentures") have approved the previously announced plan of arrangement (the "Arrangement") at the extraordinary meeting of Debentureholders held earlier today in Calgary, Alberta (the "Meeting"). The Meeting was held in accordance with the [Read more]
News
Saskatchewan’s Wall pitches his province over Alberta for royalty stability
WEYBURN, Sask. - Saskatchewan Premier Brad Wall is using the NDP's pending royalty review in Alberta to pitch his province to the oil industry.In a speech to an industry audience in Weyburn this week, Wall promised his government has no plans to review the rates it charges oil companies in Saskatchewan.With oil prices currently hovering around US$60 a barrel, the industry doesn't need any instability, Wall said."We like where royalties are at," he told reporters covering his address at the [Read more]
Pembina Pipeline Corporation Announces Expansion of Horizon Pipeline System
CALGARY, June 4, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it will expand its existing Horizon Pipeline System ("Horizon") (the "Horizon Expansion") for an estimated capital cost of approximately $125 million. The Horizon Expansion will increase the pipeline's capacity up to 250,000 barrels per day, which will be achieved predominantly through the upgrading of mainline pump stations and other facility modifications, as [Read more]
Ads for pipeline company Enbridge yanked from screens in Tim Hortons locations
CALGARY - Tim Hortons has brewed up controversy for its decision to yank ads by pipeline giant Enbridge from its in-store screens.On Thursday morning, the coffee-and-doughnut purveyor responded to complaints about the ads on Twitter, telling individual users: "We value your feedback and the Enbridge advertisements are no longer airing on 'Tims TV.'"But the tempest in a Timbit only grew as oil industry supporters lashed out against the move.The top-trending Twitter hashtag on Thursday afternoon [Read more]
Dejour Energy Granted Full NYSE MKT Listing Compliance
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ) (TSX: DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced that it has received notification on June 1, 2015 from the NYSE MKT (“the Exchange”) that it has regained compliance with Section 1003(a)(iv) of the Exchange’s Company Guide as of the end of the maximum eighteen month cure [Read more]
The Evolution Of The Oil Weapon
In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the US has passed sanctions on countries such as Syria, Venezuela, and North Korea , but the majority of energy related sanctions passed have been targeted at Iran and Russia. An estimated 68 percent of Russia’s government revenue is derived from oil and gas exports, while 80 percent of Iran’s revenue comes from oil exports. That presents a very large target for [Read more]
Canadian LNG export prospects have ‘darkened,’ international report says
CALGARY - The outlook for Canada's liquefied natural gas industry over the next five years has "darkened," said a report released Thursday that casts clouds over British Columbia's LNG ambitions.The report by the International Energy Agency predicts Canada won't have any LNG export projects online by 2020, which would go against B.C.'s goal of having three LNG plants in operation by that time.The B.C. government has been betting big on LNG for economic growth. It has said it expects more than [Read more]
Waldron Energy Corporation Announces Extension of TSX Continued Listing Review
CALGARY, ALBERTA--(Marketwired - June 4, 2015) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) is pleased to announce that the Toronto Stock Exchange (the "TSX") has extended its delisting review of the Corporation's common shares for a period of 30 days. The TSX currently intends to make a decision regarding the Corporation's eligibility for continued listing on the TSX by July 3, 2015. This is an extension from the TSX's original review date of June 8, 2015, as [Read more]
Mountainview Energy Ltd. Announces Executive Change
CUT BANK, MT, June 3, 2015 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") (TSX-V: MVW) announces the departure of Mr. Brent Osmond, Vice President, Finance and Chief Financial Officer of the Company, effective immediately. The Company thanks Mr. Osmond for his service and wishes him success in the future. Ms. Katherine Hylland, CPA and Controller of the Company, has been appointed Interim Vice President, Finance and Chief Financial Officer. About [Read more]
Canadian Natural Resources Limited Prices C$500 Million in 5 Year Notes
CALGARY, ALBERTA--(Marketwired - June 3, 2015) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") announces that on June 3, 2015 it priced C$500 million principal amount of notes through the reopening of its 2.89% medium-term notes, series 2, due August 14, 2020 sold at a price of C$101.932 per $100 principal amount to yield 2.49% to maturity, which have been sold to investors in Canada. Net proceeds from the sale of the notes will be used for [Read more]