WASHINGTON - Six years of delay and debate over the controversial Keystone XL pipeline may be finally nearing an end.In a moment of high political drama Wednesday, supporters of the long-stalled, Canadian-linked oil project demanded an imminent vote in the United States Congress.They appeared to get their wish. A key vote is expected early next week.The results of the U.S. midterm elections had prompted widespread expectation that the new Republican-dominated, oil-friendly Congress might pursue [Read more]
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Judge rules Alberta can be sued over fracking allegations, province may appeal
ROSEBUD, Alta. - A judge has ruled an Alberta woman can sue the provincial government over hydraulic fracturing that she says has so badly contaminated her well with methane that the water can be set on fire.Jessica Ernst began legal action against Alberta's energy regulator and Calgary-based energy company Encana (TSX:ECA) in 2007, and amended her statement of claim in 2011 to include Alberta Environment.She alleges fracking on her land northeast of Calgary released hazardous amounts of [Read more]
Kinder Morgan pipeline debate looms over civic elections in Vancouver area
VANCOUVER - Mixed in with the usual debates about property taxes and public transit, pipeline politics have made their way into Vancouver-area municipal election campaigns, with candidates weighing in on a plan to expand an existing line from Alberta's oilsands.The fate of Kinder Morgan's proposal to triple the capacity of its Trans Mountain pipeline ultimately rests with the National Energy Board and the federal government, and that process is far from complete.But the project has nonetheless [Read more]
TransCanada Announces Intention to Sell Remaining Interest in GTN to TC PipeLines, LP
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has offered to sell its remaining 30 per cent interest in Gas Transmission Northwest LLC (GTN) to its master limited partnership, TC PipeLines, LP (NYSE:TCP) (the Partnership). "This transaction, along with the recent sale of our remaining 30 per cent interest in the Bison Pipeline, further demonstrates our commitment to drop down all of our remaining U.S. natural [Read more]
Pine Cliff Energy Ltd. Announces Third Quarter 2014 Results
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce its third quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's interim condensed consolidated financial statements and the related management's discussion and analysis for the three and nine months ended September 30, 2014 (the "Q3-2014 Report"). Pine Cliff Energy Ltd. is [Read more]
Bonterra Energy Corp. Announces Third Quarter 2014 Results
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2014) - Bonterra Energy Corp. (Bonterra or the Company) (TSX:BNE) is pleased to announce its operating and financial results for the three months and nine months ended September 30, 2014. The related unaudited condensed financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Bonterra's website at www.bonterraenergy.com. The [Read more]
Pivotal Third Quarter Puts Encana Two Years Ahead on Strategy Execution
CALGARY, AB--(Marketwired - November 12, 2014) - Encana (TSX: ECA) (NYSE: ECA) delivered strong results in a pivotal third quarter during which its portfolio transition was swiftly accelerated and key milestones of the company's strategy were achieved within a year of its introduction. Encana generated third quarter cash flow of approximately $807 million or $1.09 per share, representing a 22 percent increase year-over-year, and operating earnings of $281 million or $0.38 per share, an 87 [Read more]
Gear Energy Ltd. Announces Record Third Quarter 2014 Results
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2014) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following third quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis (MD&A) for the period ended September 30, 2014 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Nine months ended (Cdn$ [Read more]
Gear Energy Ltd. Announces 2015 Capital Budget
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2014) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to announce the approval of a $95 to $105 million development capital budget for 2015, designed to provide approximately 20 per cent growth in production and over 15 per cent growth on a per share basis. The Board of Directors has approved a budget that targets low risk growth balanced between development drilling, cost reducing infrastructure opportunities and continued funding [Read more]
Zargon Oil & Gas Ltd. Provides 2014 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2014) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB). FINANCIAL & OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2014) Funds flow from operating activities of $10.9 million were eight percent lower than the $11.9 million recorded in the prior quarter due to one time general & administrative reorganization costs. Funds flow from operating activities for the 2014 third quarter included reductions of [Read more]