CALGARY, ALBERTA--(Marketwired - Nov. 20, 2014) - On the strength of its petroleum reserves, Alberta remains the most attractive province for oil and gas investment in Canada, finds the Fraser Institute's annual Global Petroleum Survey. Based on responses from petroleum executives and managers, this year's survey ranks 156 jurisdictions worldwide on their relative attractiveness for investment. Barriers to investment include high taxes, costly regulatory obligations and uncertainty over [Read more]
News
Shoreline Energy Corp. Announces the Closing of Sale of Its Wattenburg Working Interests for Net Proceeds of US$4.1Million
CALGARY, ALBERTA--(Marketwired - Nov. 19, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has closed the sale of its Wattenburg working interest assets for net proceeds of US$4.1 million (approximately $4.65 million Canadian Dollars based on current exchange rates) plus an interim hold back for working capital adjustments of $0.7 million USD. Shoreline is pleased to report that it has now fully repaid all of its secured credit [Read more]
Tuscany Announces Initial Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Nov. 19, 2014) - Tuscany Energy Ltd. ("Tuscany" or the "Corporation") (TSX VENTURE:TUS) is pleased to announce that it has closed the initial tranche of its previously announced non-brokered private placement (the "Private Placement") of common shares of the Corporation issued on a flow-through basis in respect of Canadian development expenses (the "CDE FT Shares"). In this initial tranche, the Corporation has issued an aggregate of 1,318,000 CDE FT Shares at a [Read more]
TransCanada to accelerate pace of dividend growth over next few years, CEO says
CALGARY - Chances are good TransCanada will get into the rail business regardless of whether its long-delayed Keystone XL pipeline is built, CEO Russ Girling said Wednesday.But how big a rail player TransCanada becomes will depend on the fate of its proposal and others, he said.For several months, TransCanada has been floating the idea of a "rail bridge" while its US$8-billion cross-border pipeline remains in regulatory limbo.TransCanada is in "active negotiations" with shippers about moving [Read more]
Octagon 88 Resources Provides November 2014 Executive Summary Including Development Plans And Feasibility Studies
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OTCBB:OCTX) is pleased to present the November 2014 Executive Summary, the summary is aimed to summarize completed drilling programs and future targets including feasibility studies to support Management’s near and long term goals. Summary of 2013/2014 Drilling Programs to date • March 2013 - Bluesky 8-12 91-22-W5M – Drill Vertical and Core – completed • March 2013 – Elkton 11-4 92 23 W5M – Drill Vertical and Core – [Read more]
Keystone pipeline down, but not out after Senate vote
WASHINGTON (AP) — Incoming Senate Majority Leader Mitch McConnell is promising the new Republican majority will quickly resurrect Keystone XL pipeline legislation killed by Democrats, potentially setting up an early 2015 veto confrontation with President Barack Obama. "I look forward to the new Republican majority taking up and passing the Keystone jobs bill early in the new year," the Kentucky Republican said Tuesday, shortly after the bill fell one vote short of the 60 votes needed to [Read more]
Keystone XL bill fails in Senate
WASHINGTON (AP) - The Democrat-controlled Senate has defeated a bill to approve the Keystone XL oil pipeline. The Senate's 59-41 vote Tuesday night was a nail-biter to the end. The bill needed 60 votes to reach the White House. The House passed it overwhelmingly last week. President Barack Obama did not support the bill, but the White House has been mum on whether or not he will veto it. Democrat Sen. Mary Landrieu pushed for the vote in an effort to save her seat in a Dec. 6 runoff [Read more]
Suncor Energy announces 2015 capital spending plan and production outlook
CALGARY, ALBERTA--(Marketwired - Nov. 18, 2014) - Suncor Energy released its 2015 corporate guidance today, which includes capital spending of between $7.2 and $7.8 billion and planned average production of 540,000 to 585,000 barrels of oil equivalent per day. "Our production guidance for next year reflects a continued trend of improved reliability and steady growth," said Steve Williams, Suncor president and chief executive officer. "We remain focused on driving down our Oil Sands cash [Read more]
Alberta Premier Prentice disappointed U.S. senate vote on Keystone XL failed
EDMONTON - Alberta Premier Jim Prentice says he is disappointed the U.S. Senate failed to pass a bill authorizing the immediate construction of the Keystone XL pipeline.But Prentice says he is encouraged that the controversial line is gaining increased bipartisan support in the halls of the U.S. lawmakers.Prentice says he plans to travel to Washington in January, but no specific dates have been set.The Keystone bill failed by one vote, just days after the House of Representatives approved the [Read more]
Strategic Oil & Gas Ltd. Announces Third Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 18, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) reports financial and operating results for the three and nine months ended September 30, 2014. Detailed results are presented in Strategic's interim condensed consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Corporation's website at www.sogoil.com and on SEDAR at [Read more]