OTTAWA - As last autumn's colours were setting in, veteran Ottawa lobbyist Dan Kelly was confident the spring would produce a federal budget surplus with ample room for announcements.But following a long winter, the head of the Canadian Federation of Independent Business is approaching Tuesday's election-year budget with his hopes somewhat in check."Things were trucking on really well, we were certainly thinking very positively about some of our requests — some of our tax-reduction requests in [Read more]
News
US oil and natural gas rig count drops by 34 to 954 as oil prices slump; down 15 in Texas
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 34 this week to 954 amid depressed oil prices.Houston-based Baker Hughes said Friday 734 rigs were seeking oil and 217 explored for natural gas. Three were listed as miscellaneous. A year ago, 1,831 rigs were active.Among major oil- and gas-producing states, Texas plummeted by 15 rigs; Oklahoma was down six; North Dakota lost five; Wyoming was down four; and California, [Read more]
Stonehaven Reports Corporate Update
CALGARY, ALBERTA--(Marketwired - April 17, 2015) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that Mr. Gordon Mayr, P.Eng. has been appointed Vice President, Engineering. Mr. Mayr is a professional petroleum engineer with over 20 years of oil and gas experience. Stonehaven also reports that Ms. Sarah Hundal has been appointed as Chief Financial Officer to succeed Mr. Robert Todd who will remain with the Company. Ms. Hundal is a Chartered Accountant with [Read more]
Protesters in kayaks greet Arctic drill rig as it arrives in Washington state harbour
PORT ANGELES, Wash. - Protesters in kayaks greeted a rig that could be used for oil drilling in the Arctic as it arrived Friday in Washington state following a journey across the Pacific that included being boarded by Greenpeace activists.The 400-foot Polar Pioneer was due to be offloaded in Port Angeles, on the Olympic Peninsula, to have equipment installed.About three dozen protesters took to the water, many of them in kayaks, as the rig arrived in the harbour at 7 a.m., the Peninsula Daily [Read more]
Trafigura Canada Closes Agreement With Nexen Marketing
Third Party Lease Purchase Contracts With Canadian Oil Producers To Transfer To Trafigura CALGARY, Alberta, April 17, 2015 /CNW/ -- Trafigura Canada General Partnership ("Trafigura") has today signed an agreement with Nexen Marketing to transfer its third-party lease business in Canada to Trafigura. "Trafigura's core business is physical trading and logistics," said Iain Singer, Head of Trafigura Canada. Founded in 1993, the Trafigura Group has become one of the world's leading independent [Read more]
Ironhorse Announces 2014 Fourth Quarter and Year End Results
CALGARY, April 16, 2015 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its fourth quarter and full year 2014 financial and operating results. Highlights of 2014: Funds from operations increased to $535,000 for the year ended December 31, 2014 from negative $4,000 for the year ended December 2013. The Company's proved producing reserve volumes increased to 89% of Total Proved reserves at December 31, 2014 as compared to 2% of Total Proved [Read more]
Kelt Exploration and Artek Exploration Complete Plan of Arrangement
CALGARY, AB--(Marketwired - April 16, 2015) - Kelt Exploration Ltd. (TSX: KEL) (TSX: RTK) ("Kelt" or the "Company") and Artek Exploration Ltd. ("Artek") are pleased to announce the successful acquisition by Kelt of all of the issued and outstanding common shares of Artek ("Artek Shares") pursuant to the previously announced plan of arrangement (the "Arrangement") between Kelt, Artek and the shareholders of Artek (the "Artek Shareholders"). Arrangement Artek Shareholders approved the [Read more]
Husky Appoints Chief Financial Officer
CALGARY, AB--(Marketwired - April 16, 2015) - Husky Energy (TSX: HSE) announces the appointment of Jonathan McKenzie as Chief Financial Officer (CFO) effective April 27, 2015. McKenzie has more than 20 years of professional experience, including about 15 years in the Canadian oil and gas industry. He most recently served as Chief Commercial Officer of Irving Oil Ltd., based in Saint John, New Brunswick. Prior to joining Irving in 2011 as Chief Financial Officer, he held senior executive roles [Read more]
Zargon Oil & Gas Ltd. Updates Little Bow ASP Project Results, 2015 Capital Budget and Production Guidance
CALGARY, ALBERTA--(Marketwired - April 16, 2015) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR) (TSX:ZAR.DB) provides a Little Bow Alkaline Surfactant Polymer ("ASP") tertiary oil recovery project update, revises 2015 capital budget and updates the 2015 production guidance. Zargon intends to release its Q1 2015 financial results on May 13, 2015, after market close. LITTLE BOW ASP PROJECT UPDATE: In March 2014, Zargon commenced injection of large volumes of dilute [Read more]
RMP Energy Reports First Quarter Production, Announces Start-Up of its Ante Creek Infrastructure and Provides Slick Water Completion Production Results
CALGARY, ALBERTA--(Marketwired - April 16, 2015) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to report that during the first quarter of 2015, it achieved an average daily production level of approximately 12,250 boe/d, with light crude oil and NGLs volumes accounting for 47% of the first quarter production. This represents a significant increase of 33% over RMP's comparative first quarter 2014 production of 9,229 boe/d and maintains approximately the same production level as [Read more]