WASHINGTON - Foreign Affairs Minister John Baird used a speech to a business audience on Thursday to press for a quick decision on the Keystone XL pipeline.Speaking just across the street from the White House, Baird said the Obama administration needs to decide soon.He elaborated on a message he delivered yesterday on Capitol Hill, that decision times is here.Baird told the U.S. Chamber of Commerce audience that prime construction weather is approaching and can't be wasted."With the construction [Read more]
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Inflammatory Rhetoric a Disservice to First Nations, Oil Sands Industry and Canadian Energy Consumers
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2014) - Canadians need a constructive dialogue about the oil sands and broader energy matters based on the facts - jobs, economic benefits, environmental performance and energy security and reliability - rather than ill-informed opinions and inflammatory rhetoric from protest-anthem rock stars, the Canadian Association of Petroleum Producers said today. "Neil Young's statements this week clearly demonstrate his lack of understanding of the oil sands [Read more]
Neil Young needs to change his tune
Blind to his own hypocritical acts, the aging rock star has become a sanctimonious, cranky old man By Doug Firby CALGARY, AB/ Troy Media/ - For four-and-a-half decades, Neil Young has been on outspoken social commentator, using his craft of rock and roll to critique the failings of U.S. domestic and foreign policy. After four students were gunned down in a confrontation with Ohio police at Kent State University in the late 1960s, he penned the angry song, Ohio, galvanizing the social [Read more]
Aroway Energy Inc. Inks Option Agreement With Major Oil Producer
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2014) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce that it has executed a seismic option agreement with a major independent oil Company (the "Optionor") on 18 sections or portions of sections of freehold land (approximately 8,800 acres) adjoining Aroway's existing land base of 15 sections (9,600 acres) in the Kerrobert area of central Saskatchewan. Pursuant to the Agreement, Aroway [Read more]
Pengrowth Announces $715 Million 2014 Capital Program and Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2014) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to announce that its Board of Directors has approved a $715 million capital budget for 2014, investing $365 million in its Lindbergh thermal oil project and $350 million in its non-thermal assets. Pengrowth is in the final year of its transition to become a sustainable, lower decline, higher cash flowing, oil producer. The company's focus in 2014 will be to: Maintain Pengrowth's [Read more]
Arcan Announces Operations Update and Resignation
CALGARY, ALBERTA--(Marketwired - Jan. 15, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") announces production has been fully restored following two separate third party pipeline outages during December 2013 and January 2014. Arcan has also completed drilling two of the four wells in its winter drilling program and anticipates all four wells will be drilled during its winter program and be on-stream prior to spring break-up. Arcan also announces the resignation [Read more]
Sunshine Oilsands Ltd. Announces Private Placement Financing of HK$76.5 Million of Common Shares and Warrants Under the General Mandate
CALGARY, Alberta, Jan. 15, 2014 /CNW/ - Sunshine Oilsands Ltd. (the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has received funds for and accepted an additional irrevocable subscription agreement (the "New Subscription Agreement") for 45,000,000 units of the Corporation ("Units") at a price of HK$1.70 per Unit (the "Subscription Price") (approximately CDN$0.24 per Unit at current exchange rates) for total gross proceeds of HK$76,500,000 (approximately CDN$10.8 million) [Read more]
Long Run Exploration Ltd. Announces Dividend
CALGARY, ALBERTA--(Marketwired - Jan. 15, 2014) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that the Board of Directors has declared a dividend of $0.0335 per common share and per non-voting convertible share to be paid on February 14, 2014 to shareholders of record at the close of business on January 31, 2014. The ex-dividend date for this dividend is January 29, 2014. Shareholders are advised that this dividend is designated as an "eligible [Read more]
Connacher Provides Fourth Quarter 2013 Operational Update and Conference Call Details
CALGARY, Jan. 15, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") provides the following operational update for the fourth quarter 2013 ("Q4 2013"). All production related results disclosed herein are based on field estimates. Production and Operations Connacher's Great Divide production for Q4 2013 averaged 11,400 bbl/d. Production was 3% lower than the prior quarter (Q3 2013 11,788 bbl/d). Production in late November and early December was negatively [Read more]
Sonde Resources Corp. Announces Delisting of Common Shares on TSX and Application for Listing on TSXV
CALGARY, ALBERTA--(Marketwired - Jan. 15, 2014) - Sonde Resources Corp. ("Sonde" or the "Company") (TSX:SOQ)(NYSE MKT:SOQ) announced today that pursuant to an Expedited Review Process initiated by the TSX, its common shares will be delisted from the TSX at the close of market on February 18, 2014. The TSX concluded that Sonde no longer meets the continued listing requirements of the TSX as a result of the sale of substantially all of its Western Canada assets including all of its Southern [Read more]