CALGARY, ALBERTA--(Marketwired - Sept. 17, 2014) - Suncor Energy today announced that, along with The Pioneer Group Inc., it has reached an agreement to sell the assets of Pioneer Energy to Parkland Fuel Corporation for $378 million. Suncor, as one of the current joint owners of Pioneer Energy, will receive $182.5 million in cash for its share. The agreement includes the sale of 393 Pioneer-branded retail gas stations in Ontario and Manitoba. "Through our Petro-Canada business, we are the [Read more]
News
Cenovus provides update on Foster Creek
First oil achieved at phase F CALGARY, Sept. 17, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) achieved first oil production at its recently-completed Foster Creek phase F expansion earlier this month. Phase F is expected to add 30,000 barrels per day (bbls/d) of capacity, with production ramping up over the next 12 to 18 months. By year-end, production from phase F is expected to be approximately 5,000 bbls/d. Phases G and H are under construction and are expected to add another [Read more]
B.C. court denies Burnaby’s bid to block Trans Mountain survey crews
VANCOUVER - A British Columbia court has rejected the City of Burnaby's latest bid to block Kinder Morgan crews from its land.A B.C. Supreme Court judge dismissed an application on Wednesday for an injunction against survey crews on Burnaby Mountain, the company's preferred new route for its Trans Mountain pipeline.Judge Brenda Brown did not immediately give reasons for her decision and Burnaby Mayor Derek Corrigan did not return a call seeking comment.The legal action was the latest tussle in [Read more]
Apache lists Provosts assets (9,551 boe/d) for sale
As listed by Scotia Waterous, Apache Corp has initiated a process to sell its Provost assets. The property is currently producing approximately 9,551 boe/d (49% oil and liquids). Back in March, Apache sold deep basin assets to CNRL for $341 million. The current package includes 2014 annualized operating income of $119 million and 1.1 million acres of land. Proposals are due in mid October. Click here to see the entire package... [Read more]
Pan Orient Energy Corp.: Sawn Lake Alberta SAGD Heavy Oil Operations Update
CALGARY, ALBERTA--(Marketwired - Sept. 17, 2014) - Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is pleased to provide an update on the Sawn Lake, Canada, steam assisted gravity drainage ("SAGD") demonstration project on behalf of Andora Energy Corporation ("Andora"), in which Pan Orient has a 71.8% ownership interest. Andora has a 50% working interest in the Sawn Lake, Alberta SAGD demonstration project, and is the operator. The first step towards determining [Read more]
Deep Well Updates Shareholders on Sawn Lake Heavy Oil Project
EDMONTON, ALBERTA--(Marketwired - Sept. 17, 2014) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company) (OTCQB:DWOG) will be announcing at a meeting of its shareholders later today that the development of its Sawn Lake Heavy Oil Project is progressing. Our target for 2014 was to initiate production from a single SAGD well pair. We are pleased to announce that on September 16, bitumen production commenced. It is anticipated that a stable daily bitumen production rate [Read more]
First Mountain Exploration Inc. Proposes Private Placement and Files Q2 2014 Financial Results
CALGARY, ALBERTA--(Marketwired - Sept. 16, 2014) - First Mountain Exploration Inc. ("First Mountain" or the "Company") (TSX VENTURE:FMX) is pleased to announce that it has finalized the terms and conditions of a non-brokered equity private placement (the "Offering"). The Offering will consist of the issuance of up to 13,000,000 common shares (the "Common Shares") of the Corporation at a price of $0.06 per Common Share and for aggregate gross proceeds up to $780,000. The net proceeds of the [Read more]
Dejour’s Woodrush Project Drilling Update
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, updates current development progress underway at the Woodrush Project (“Woodrush”) in NE BC. The Company has finalized its 2014 development plan targeting both the Halfway oil and Gething gas pools at Woodrush. Upon approval of [Read more]
Mapan Energy Ltd. Provides Operational Update on Deep Basin North
CALGARY, ALBERTA--(Marketwired - Sept. 16, 2014) - Mapan Energy Ltd. (TSX VENTURE:MPG) ("Mapan" or the "Corporation") reports that natural gas production from its Deep Basin North properties at Chinook Ridge, Alberta and Hiding, British Columbia will be on restricted rates due to repairs and maintenance to be conducted by Trans Canada Pipelines Limited on both the 24 inch and the 36 inch NGTL Systems downstream (east) of the Elmworth gas plant. Mapan's current production of 28MMCF/d processed at [Read more]
Federal study of Pennsylvania well site finds fracking didn’t ruin nearby water supplies
PITTSBURGH - The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found [Read more]