CALGARY, ALBERTA--(Marketwired - April 2, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce the results of its financial and operating results for the year ended December 31, 2014. During 2014 the Company's principal goals were to expand its heavy oil development drilling program, increase its oil reserves and maintain a conservative balance sheet. 2014 Highlights: Financial Record full year revenues of $17.6 million, increased from $10.1 million in 2013. Cash [Read more]
News
TransCanada Alters Québec Scope of Energy East Pipeline Project
MONTREAL, QUÉBEC--(Marketwired - April 2, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it is altering the scope of the Energy East pipeline project in Québec as part of its continued commitment to stakeholder consultation, environmental stewardship and community safety. Part of that altered scope includes the decision not to build a marine and associated tank terminals at Cacouna, Québec. Potential alternative terminal options in Québec are being reviewed. [Read more]
Baytex Closes $632.5 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - April 2, 2015) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) has closed the previously announced bought deal financing (the "Equity Financing"). Baytex issued 36,455,000 common shares (the "Common Shares"), including 4,755,000 common shares pursuant to the full exercise of the over-allotment option, at a price of $17.35 per share for aggregate gross proceeds of approximately $632.5 million. The net proceeds from the Equity Financing will be used to [Read more]
TriOil Resources Ltd./ORLEN Upstream Canada Ltd.: Announcement of Name Change
CALGARY, ALBERTA--(Marketwired - April 2, 2015) - TriOil Resources Ltd., being part of the ORLEN Group, is pleased to announce that it is changing its name, effective immediately, to ORLEN Upstream Canada Ltd. ("Company") The name change is consistent with the ORLEN Group global strategy of building a single identity and provides ORLEN brand recognition to the Canadian oil and gas market, where the Company plans to expand its investment activities. ORLEN Upstream Canada's existing assets are [Read more]
Strategic Oil & Gas Ltd. Announces Year-End 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - April 2, 2015) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) reports financial and operating results for the three months and year ended December 31, 2014. Detailed results are presented in Strategic's annual consolidated financial statements, related Management's Discussion and Analysis ("MD&A") and Annual Information Form which will be available through the Company's website at www.sogoil.com and on SEDAR at [Read more]
Maple Leaf Royalties Corp. Completes Acquisition of Royalties and Non-Operated Working Interests
CALGARY, ALBERTA--(Marketwired - April 1, 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 and non-operated working interests in a total of 17 oil and gas wells located in Alberta and Saskatchewan (the "Acquired Assets") from Maple Leaf 2012-II Energy Income Limited Partnership. Please refer to Maple Leaf's news release of March 24, 2015 for additional information regarding the [Read more]
Harvest delays startup of BlackGold oilsands project; layoffs reach 105
Korean-owned Harvest Operations Corp. confirmed Wednesday that it will delay the startup of its BlackGold oilsands project while the company continues to pare its workforce in the face of lower oil prices."We unfortunately (have) had to reduce our total workforce number by 105 positions," spokesman Greg Foofat said in a telephone interview"It wasn't done all at once," he said, adding that the reductions have been underway since the beginning of the year."It's just due to the lower expected plant [Read more]
Suncor provides update on cost management program and operations
CALGARY, ALBERTA--(Marketwired - April 1, 2015) - Suncor Energy today provided an update on its progress on cost management measures in response to the low crude price environment, as well as an update on operations. Since the cost management program was announced in January, the company has made significant progress on its cost reduction initiatives. Suncor now expects that the $600 million to $800 million in operating budget reductions will be substantially realized in 2015, ahead of [Read more]
Perpetual Energy Inc. Announces Closing of Swap of West Edson Property for 6.75 Million Tourmaline Shares With Market Value of $258.7 Million and Updates Borrowing Base on Credit Facility
CALGARY, April 1, 2015 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce the closing of the previously announced swap with Tourmaline Oil Corp. ("Tourmaline") to exchange its joint interest share in its West Edson asset in West Central Alberta for 6.75 million Tourmaline common shares ("TOU Shares") having a current market value of approximately $258.7 million based on today's closing price of the TOU Shares on the Toronto Stock [Read more]
TransCanada Closes Sale of Remaining Interest in GTN to TC PipeLines, LP
CALGARY, ALBERTA--(Marketwired - April 1, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today closed the sale of its remaining 30 per cent interest in Gas Transmission Northwest LLC (GTN) to its master limited partnership, TC PipeLines, LP (NYSE:TCP) (the Partnership). GTN is a 2,178 kilometre (1,353 mile) pipeline that transports natural gas under long-term contracts from the Western Canada Sedimentary Basin and the Rocky Mountains to Washington, Oregon and California. [Read more]