CALGARY - The pipeline company behind two high-profile oil spills has improved its safety practices, but there's still more work to be done, an audit by the Alberta Energy Regulator has found.The watchdog said in a report this week that Plains Midstream Canada has not met, or just partially met, many of the requirements of a safety audit.However, it said: "As a result of improvements and initiatives undertaken by PMC over the last year, the AER's overall conclusion is that PMC has and maintains [Read more]
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Pinecrest Energy Inc. announces its second quarter 2014 results
CALGARY, Aug. 27, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six month period ended June 30, 2014. The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. June 30 Three months ended Six months [Read more]
Hemisphere Energy Announces Q2 2014 Financial and Operating Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2014. Q2 2014 Achievements and Financial Highlights Achieved quarterly average production of 553 boe/d (82% oil and NGL), a 36% increase over the second quarter in 2013. Generated a record $3.8 million in petroleum and natural gas [Read more]
Yoho Resources Inc. Announces Fiscal Q3 2014 Financial Results
CALGARY, ALBERTA--(Marketwired - Aug. 27, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the three and nine months ended June 30, 2014 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Highlights Yoho's production during fiscal Q3 2014 averaged 1,563 boe per day (27% oil and natural gas liquids ("NGL")). Production for fiscal Q3 was [Read more]
Shell Canada using ‘warehouse’ approach to drive down oilsands costs
CALGARY - Shell Canada Ltd., in an effort to cut costs and boost efficiency at its oilsands operations, has found inspiration in an unlikely place: online retailer Amazon.The company recently adopted a "warehousing" approach to how it manages its tools and equipment, president Lorraine Mitchelmore told reporters Wednesday. That way, workers don't waste their time hunting down a piece of pipe and trucks don't sit idle while mechanics wait on a certain part.Right now, Shell has the ability to [Read more]
Hawk announces granting of incentive stock options
CALGARY, Aug. 27, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has granted a total of 1,455,000 options to directors, officers, employees and consultants, of which 1,315,000 were granted to directors and executive officers. Each option entitles the holder the right to acquire one Class A Share of the Corporation at an exercise price of $0.41 per Class A Share and expires ten years from the date of issue. The options vest equally over a three year period on [Read more]
Celebrity bullies like the ‘tar sands’ punching bag
It’s OK to use entertainers to raise awareness of issues, as long as the public does its own due diligence to learn the complete story CALGARY, AB/ Troy Media/ - Alberta must be getting a sense of what it’s like to be the victim of the school yard bullies. Once one starts picking on you, all the others figure you’re fair game. The latest big hitter to take a swipe at Alberta’s biggest industry is Leonardo DiCaprio. His tour to the northern Alberta “tar sands” comes on the heels of visits [Read more]
Scotiabank’s commodity price index heads down in July, affected by oil prices
TORONTO - Scotiabank's commodity price index edged down by 0.3 per cent on a month-over-month basis in July due to lower oil prices as supply concerns about Libya and Iraq eased.The oil and gas sub-index was down 3.9 per cent month-over-month in July.However, Scotiabank commodity market specialist Patricia Mohr says while traders have bid down near-term oil prices, current geopolitical developments will reduce supply over the long term.Mohr noted that the December 2019 oil futures contract is up [Read more]
Questfire Energy Corp. Announces 2014 Second Quarter Financial Results
CALGARY, ALBERTA--(Marketwired - Aug. 27, 2014) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management's discussion and analysis ("MD&A") for the three month and six month periods ended June 30, 2014. Financial and Operating Highlights Three months ended June 30, Six months ended June [Read more]
Penn West Provides Update on Internal Review of Accounting Practices and Confirms that the Company’s Reserves Volumes and Values are not Impacted by the Accounting Practices Under Review
CALGARY, Aug. 26, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") today provides an update on the Audit Committee's review originally announced on July 29, 2014 and confirms that its reserves volumes and values are not impacted by the accounting practices under review. INTERNAL REVIEW UPDATE Penn West reports that the Audit Committee's review is ongoing and that it continues to work diligently and devote all necessary resources to [Read more]