The European Union is considering a proposal on high-carbon fuels that could eventually make it easier to import crude derived from Alberta's oilsands.The proposal comes after five years of lobbying by the industry and Alberta and federal governments, and is being called a major concession by environmental groups. "This measure will do nothing to stop climate-wrecking fuels like tarsands from entering the EU market," Greenpeace spokeswoman Franziska Achterberg said in a statement. "It will fail [Read more]
News
Nova Scotia energy minister faces industry criticisms, questions at conference
HALIFAX - Nova Scotia's energy minister faced questions Tuesday about how the province will become a centre for research in hydraulic fracturing technology while it moves to ban high-volume fracking for onshore oil and gas.Andrew Younger told the Core Energy Conference in Halifax that there hasn't been much industry interest in the method so far, and the majority of people in the province remain opposed to fracking.The Energy Department plans to provide a detailed geological map to show where [Read more]
Strategic Oil & Gas Ltd. Announces Record Production and Continued Muskeg Success
CALGARY, ALBERTA--(Marketwired - Oct. 7, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces record production levels driven by the Company's summer Muskeg horizontal drilling program. Based on field estimates, Strategic's corporate production rate averaged 4,510 Boe/d (71% oil) for the fourth week of September. New production volumes in the third quarter have been added from five Muskeg wells since the summer drilling program began in June 2014, and a [Read more]
Rock Energy Inc. Announces Appointment of Board Director, and Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Oct. 6, 2014) - Rock Energy Inc. ("Rock") (TSX:RE) is pleased to announce that effective October 2, 2014, Mr. Frank Walsh has been appointed to the Board of Directors of Rock Energy. Board Appointment Mr. Walsh has been working in the oil and gas industry since 1978, and is currently serving as the Chief Operating Officer at Questerre Energy Corporation. Prior to that Mr. Walsh co-founded Huron Energy (2004), where he served as the Vice-President of Engineering [Read more]
NuVista Energy Ltd. Announces the Commencement of Production to Keyera Simonette Plant, Incremental Future Montney Egress Commitments, and Non-Core Asset Divestitures
CALGARY, ALBERTA--(Marketwired - Oct. 6, 2014) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce that Keyera Corporation ("Keyera") has commenced production into the new 94 km x 12 inch diameter pipeline which connects the NuVista Bilbo South Compressor Station to the Keyera Simonette gas plant. The startup was achieved on September 26th, and NuVista will increase production rates as the system proceeds through the initial run-in period. Although the system is still in the early [Read more]
Petronas says ‘consensus’ on LNG terms in next few weeks is ‘critical’
CALGARY - The B.C. and federal governments could miss out on billions in liquefied natural gas investment for at least a decade unless, by the end of this month, they can help reassure Petronas that its plan to export gas from the West Coast will be economically viable, the CEO of the Malaysian-state-owned energy giant said Monday."In order to remain competitive, Petronas needs to secure consensus on key principles vital to the success of this project by the end of October," Shamsul Abbas said [Read more]
Chevron Announces Sale and Joint Venture Partnership for Duvernay Shale Assets in Canada With KUFPEC
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) today announced that its indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached agreement to sell a 30 percent interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc., for $1.5 billion. The total purchase price includes cash paid at closing as well as a carry of a portion of Chevron Canada’s share of the joint venture’s future capital costs. [Read more]
Mountainview Energy Ltd. announces Equity Offering for proceeds up to $25 million
CUT BANK, MT, Oct. 6, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Corporation") is pleased to announce that its board of directors has approved a private placement through an agent (the "Agent"), pursuant to which the Agent will offer for sale up to units of the Corporation ("Units") for aggregate gross proceeds of up to $25 million, or such greater amount as may be determined by Mountainview (the "Offering"). Each Unit will consist of one common share of Mountainview at a [Read more]
Exall Energy Corporation announces revised process to pay out existing credit facility
CALGARY, Oct. 6, 2014 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) announced today that further to its September 25, 2014 announcement, one of the syndicate members that was providing the underlying funding for a debenture purchase agreement (the "Agreement") with a private Canadian lender (the "Lender") has agreed as a preliminary step to pay out Exall's existing facility with Exall's current senior Canadian lender (the "Facility') in full, in [Read more]
Contact Exploration Announces New VP Finance & CFO
CALGARY, ALBERTA--(Marketwired - Oct. 6, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce the appointment of Mr. Chad Kalmakoff as Vice President, Finance & Chief Financial Officer effective today. Mr. Kalmakoff brings extensive financial experience, most recently as Vice President, Finance and CFO with Corinthian Exploration Corp., a successful private oil and gas company acquired by Legacy Oil + Gas Inc. earlier in 2014. Prior [Read more]