BURNABY, B.C. - Kinder Morgan says it will not continue court action against protesters who demonstrated against the proposed expansion of a pipeline while survey crews drilled on Burnaby Mountain.The company has filed a discontinuance of its B.C. Supreme Court civil lawsuit against five people who protested at the site last November and December.It says it approached all the defendants last month and offered to stop its proceedings and that two of the defendants agreed but discontinuing the [Read more]
News
N.W.T. opens land for first oil exploration auction since devolution
OTTAWA - The Northwest Territories is holding its first auction for energy exploration licences since that responsibility was delegated to Yellowknife from Ottawa.The territory is putting rights to more than 160,000 hectares in the central Mackenzie Valley on the block.The devolution agreement with the federal government took effect last April."It's a positive step forward for us, and a bit of a maturation for us as we move into our new responsibilities as a government," Dave Ramsay, industry, [Read more]
Maple Leaf Royalties Corp. Completes Acquisition of Oil and Gas Royalties
CALGARY, ALBERTA--(Marketwired - Jan. 30, 2015) - Maple Leaf Royalties Corp. (TSX VENTURE:MPL) ("Maple Leaf") is pleased to report that it has completed the previously announced acquisition of royalty interests in nine oil and gas wells located in Alberta (the "Royalties") from Maple Leaf 2012 Energy Income Limited Partnership. Please refer to Maple Leaf's news release of January 22, 2015 for additional information regarding the transaction and the Royalties. The transaction remains subject to [Read more]
N.W.T. premier launches study to lay groundwork for oil pipeline to Arctic Ocean
OTTAWA - The premier of the Northwest Territories says it's time to start laying the groundwork for a potential oil pipeline to the Arctic Ocean, notwithstanding currently depressed global energy prices.Bob McLeod announced to an Ottawa reception Thursday evening that he's launching a year-long feasibility study that will examine an energy, communications and transportation corridor up the Mackenzie Valley."We know we need to find a way to get our resources to market and it is time for us to [Read more]
Bonterra Energy Corp. Announces 2015 Operational Update and Dividend Adjustment
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2015) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") today announces changes that are necessary to ensure the Company maintains its financial strength and long-term objectives during this period of extreme market volatility. Based on current commodity pricing assumptions, the Company is taking the following steps: Capital expenditures for 2015 are currently budgeted to be approximately $58 million compared [Read more]
NEB approves Woodside Energy LNG export license
CALGARY, Jan. 29, 2015 /CNW/ - The National Energy Board (NEB or Board) approved the application of Woodside Energy Holdings Pty Ltd. (Woodside Energy) for a 25 year natural gas export licence with a maximum term quantity of 807 billion cubic metres1. The export point would be in the vicinity of Grassy Point, north of Prince Rupert, British Columbia at the outlet of the loading arm of a proposed natural gas liquefaction terminal. The issuance of this licence is subject to the approval of the [Read more]
BlackPearl Announces 2014 Year-End Reserves and Contingent Resource Estimates and Provides Production Update
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2015) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce the results of its 2014 year-end oil and gas reserves evaluation, contingent resource evaluation and to provide fourth quarter and annual oil and gas production data. Highlights include: Proved reserves of 66 million barrels of oil equivalent; an increase of 4% year over year; Total proved plus probable reserves of 297 million barrels of [Read more]
Hemisphere Energy Grants Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 29, 2015) - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) announces that it has granted incentive stock options to officers, directors, employees and consultants of the Company entitling them to purchase up to a total of 1,125,000 common shares at an exercise price of $0.24 each, pursuant to the Company's Stock Option Plan for a term of five years and subject to the receipt of the necessary regulatory [Read more]
Canadian Oil Sands Announces Fourth Quarter Results, $0.05 per Share Dividend and Cost Reductions at Syncrude
CALGARY, ALBERTA--(Marketwired - January 29, 2015) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. Canadian Oil Sands Limited ("COS") (TSX:COS) generated cash flow from operations of $1,106 million ($2.28 per Share) in 2014 and $207 million ($0.43 per Share) during the fourth quarter of the year. Cash flow from operations in the fourth quarter was down about 47 per cent compared with the same period of 2013, largely reflecting lower crude oil prices and [Read more]
US Senate poised to approve Keystone pipeline bill, defying White House
WASHINGTON - Long-suffering supporters of the Keystone XL pipeline won a moral victory in the U.S. Congress on Thursday — but that's about all they won.A bill to build the oil pipeline from Canada was approved by the Senate for the first time in the almost seven-year struggle over one of the best-known, most-debated pieces of oil infrastructure in memory.Previous efforts to approve the pipeline crashed into the notoriously high hurdle for getting anything through the U.S. Congress's upper [Read more]