TORONTO - More than 60 organizations are calling on the National Energy Board to suspend TransCanada's application for the Energy East Pipeline.Groups including Greenpeace Canada, the Council of Canadians and the David Suzuki Foundation said in a letter to the federal pipeline regulator that it should suspend the review process while waiting for new information from the company.TransCanada Corp. (TSX:TRP) is due to update its application for the pipeline in the last quarter of this year with a [Read more]
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RockBridge Company Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2015) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to provide this brief update. RockBridge, with interests in several operated and non-operated oil and gas properties in Alberta and BC, has current production of approximately 105 boepd, weighted about 85% to natural gas and the balance to oil and liquids. RockBridge has now updated and relaunched its website, which can be found at [Read more]
Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2015
HONOLULU, May 13, 2015 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE MKT:BRN) today reported net losses of $2,017,000 ($0.24 per share) and $2,484,000 ($0.30 per share) for the three and six months ended March 31, 2015, respectively, as compared to net losses of $285,000 ($0.03 per share) and $1,274,000 ($0.15 per share) for the three and six months ended March 31, 2014, respectively. Mr. Morton H. Kinzler, Chairman and Chief Executive Officer of Barnwell, commented, "The loss for the [Read more]
Spyglass Resources Corp. Announces 2015 First Quarter Results
CALGARY, May 13, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces unaudited interim financial and operating results for the quarter ended March 31, 2015. Selected financial and operational information is outlined below and should be read in conjunction with Spyglass' interim Consolidated Financial Statements and Management's Discussion and Analysis on www.sedar.com and also available at www.spyglassresources.com. First Quarter [Read more]
Trican oilfield services business cuts 2,000 from workforce, suspends dividend
CALGARY - Trican Well Service Ltd. (TSX:TCW) says it has cut 2,000 employees from its North American workforce and will stop paying dividends to its shareholders, citing the difficult current and future market conditions facing its oilfield services business.The Calgary-based company also said it's also seeking relaxed terms on debt agreements and in negotiations to sell its Russian and Kazakhstan pressure pumping business, after receiving an unsolicited offer.The update was included with [Read more]
Northern Blizzard Resources Inc. Announces First Quarter 2015 Results
CALGARY, May 13, 2015 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces its operating and financial results for the three months ended March 31, 2015. Northern Blizzard's unaudited financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, 2015 are available on our website at www.northernblizzard.com and on SEDAR at www.sedar.com. HIGHLIGHTS First quarter 2015 production was 22,469 [Read more]
Tamarack Valley Energy Ltd. Announces 2015 First Quarter Results, Including Record Production While Reducing Debt
CALGARY, ALBERTA--(Marketwired - May 13, 2015) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce its operating and financial results for the first quarter of 2015. The Company exceeded its first quarter 2015 production guidance of 8,000 boe/d by averaging 8,092 boe/d. First quarter production increased 5% on an absolute basis as well as on a per share basis from 7,681 boe/d in the previous quarter. The Company achieved this record production [Read more]
ExxonMobil Announces Cold Lake Project Expansion Starts Production on Schedule
$2 billion expansion to increase production by 40,000 barrels per day Expansion accesses 280 million barrel bitumen resource IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that bitumen production began on schedule at the $2 billion Cold Lake Nabiye project expansion in northeastern Alberta, Canada. The expansion is producing about 20,000 barrels per day and volumes are expected to increase during the year to peak daily production of 40,000 [Read more]
Saudi Arabia Continues To Turn Screws On U.S. Shale
Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC's latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month's total of 10.29 million barrels. That was enough for the de facto OPEC leader to claim its highest oil production level in more than three decades. Saudi Arabia has increased production by 700,000 barrels per day since the [Read more]
LGX Oil + Gas Inc. Announces First Quarter 2015 Results
CALGARY, May 12, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2015. Selected financial and operational information is outlined below and should be read in conjunction with LGX's unaudited financial statements and the related MD&A which are available for review at www.lgxoil.com or [Read more]