HALIFAX - An electrical fire on the Deep Panuke natural gas platform off Nova Scotia is being investigated by the regulator for the offshore oil and gas industry.The platform has stopped operations while Encana (TSX:ECA) and the Canada-Nova Scotia Offshore Petroleum Board investigate the cause of the fire.Board spokeswoman Kathleen Funke said a transformer caught fire on Sunday evening and a sprinkler system extinguished the blaze.The platform operated by Dutch-based SBM Offshore had an [Read more]
News
Tuscany Energy Ltd. Cases Oil Discovery at Rutland, Saskatchewan
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to announce that it has completed drilling a new oil pool discovery well on its Rutland prospect, West Central Saskatchewan. The horizontal well, located at 91/13-34-40-25W3M, encountered over 500 metres of porous oil saturated Dina sand, and slotted liner has been run over the potential pay section. Production equipment will be installed at the well site this week and the well is [Read more]
Redford resigns from Calgary seat, says mistakes were made
CALGARY - A media report says former Alberta premier Alison Redford has resigned her seat as member of the provincial legislature for Calgary-Elbow, effective immediately. In an opinion article written for Postmedia News, Redford says mistakes were made and that she accepts responsibility for all the decisions she has made. Redford also made brief mention of the energy industry: "I had hoped to have more time to do more of what I promised Albertans...a single regulator and sustainable [Read more]
Athabasca Oil Corporation Reports Second Quarter 2014 Financial and Operating Results
CALGARY, Aug. 6, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its second quarter 2014 financial and operating results. Second quarter highlights: produced an average of 5,767 barrels of oil equivalent per day ("boe/d") with 52% liquids, in line with guidance of 5,500 to 6,000 boe/d; obtained extended production results from two additional Duvernay wells at Kaybob West; 8-29-64-20W5 had an established 30-day restricted rate of 784 [Read more]
Bellatrix Exploration Ltd. Announces Second Quarter 2014 Financial Results
CALGARY, Aug. 6, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three and six months ended June 30, 2014. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the [Read more]
BlackPearl Announces Second Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 5, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce its financial and operating results for the three and six months ended June 30, 2014. Second quarter highlights include: Higher oil prices and narrower heavy oil differentials contributed to a 7% increase in revenues to $62.2 million compared to Q2 2013; for the first half of 2014 revenues increased 23% to $121.7 million; Funds flow from [Read more]
United Refining Company And Enbridge Enter Into Pipeline Maintenance Agreement
NEW YORK, Aug. 5, 2014 /CNW/ -- United Refining Company ("URC") announced today that it has entered into an agreement (the "Agreement") concerning Line 10, a pipeline owned by Enbridge Pipelines Inc. and Enbridge Energy Limited Partnership, which transports crude oil from Canada to URC's Kiantone Pipeline in West Seneca, New York and serves its refinery in Warren, Pennsylvania. John A. Catsimatidis, Chairman and CEO of URC, stated: "We are very pleased that our companies have agreed to a [Read more]
Protest halts work on Enbridge pipeline in southwestern Ontario
INNERKIP, Ont. - Protesters have created a blockade at an Enbridge pipeline work site in southwestern Ontario.The demonstration at Innerkip north of Woodstock that started early today is aimed at preventing installation of a valve.A protest spokeswoman says the valve is being installed near the Thames River, which isn't adequately protected from the risk of a spill.Enbridge confirmed the work interruption and says workers were moved to another project for the day.The company's Line 9 carries oil [Read more]
Nova Scotia’s fracking pioneer doubtful that province will lift ban
HALIFAX - The man who pioneered hydraulic fracturing in Nova Scotia says he doesn't expect the province to lift a two-year moratorium on the contentious practice, mainly because the government is afraid of upsetting a vocal but misinformed minority.Peter Hill, chairman of Denver-based Triangle Petroleum, says the industry could spur Nova Scotia's stalled economy and reduce its reliance on polluting, coal-fired plants, but he believes fear-mongering by outspoken critics has spooked the province's [Read more]
Magnum Energy Announces Private Placement Offering
CALGARY, ALBERTA--(Marketwired - Aug. 1, 2014) - MAGNUM ENERGY INC. (the "Corporation" or "Magnum") (TSX VENTURE:MEN) is pleased to announce that it has arranged a non-brokered private placement of up to 4,000,000 units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $200,000 (the "Offering"). Each Unit will consist of one common share ("Share") and one share purchase warrant of the Company ("Warrant"). Each whole Warrant will entitle the holder to acquire one Share [Read more]