FREDERICTON - A recent poll suggests that New Brunswickers are almost evenly divided on the issue of the development of a shale gas industry in the province.The poll says 41 per cent of residents who were surveyed completely or mostly support shale gas exploration and development while 45 per cent completely or mostly oppose it.The poll of 400 people was conducted between Nov. 6 and Nov. 26, more than three weeks before the province's Liberal government introduced legislation to implement a [Read more]
News
White House says Obama will veto Keystone pipeline
WASHINGTON (AP) — The White House on Tuesday threatened to veto the first piece of legislation introduced in the Republican-controlled Senate, a bill approving the much-delayed Keystone XL oil pipeline, in what was expected to be the first of many confrontations over energy and environmental policy. Hours after supporters of the bipartisan bill, which is sponsored by all 54 Senate Republicans and six Democrats, announced its introduction, the White House said for the first time that President [Read more]
Chinook Energy Announces Closing of Karr Asset Disposition
CALGARY, ALBERTA--(Marketwired - Jan. 6, 2015) - Chinook Energy Inc. (TSX:CKE) ("Chinook") is pleased to announce that, further to its news release dated December 2, 2014, it has completed the disposition of certain assets located in the Karr area of Alberta for gross proceeds of $40.9 million, before customary closing adjustments, with an effective date of October 1, 2014. About Chinook Energy Inc. Chinook is a Calgary-based public oil and gas exploration and development [Read more]
Premier Brad Wall ‘disappointed’ by possible White House veto of Keystone bill
REGINA - Saskatchewan's premier says he's disappointed that legislation to approve construction of the Keystone XL oil pipeline may be vetoed by U.S. President Barack Obama.White House press secretary Josh Earnest says he does not expect Obama would sign any Keystone legislation that reaches his desk.Brad Wall says he's not surprised by that position, but still touts his support for the project.Calgary-based TransCanada has been waiting more than six years for approval of the pipeline, which [Read more]
Hyperion Shareholders Approve Arrangement With Tri-Win International Investment Group Inc.
CALGARY, ALBERTA--(Marketwired - Jan. 6, 2015) - Hyperion Exploration Corp. ("Hyperion") (TSX VENTURE:HYX) is pleased to announce that the holders ("Hyperion Shareholders") of common shares ("Common Shares") of Hyperion have approved the proposed acquisition of Hyperion by Tri-Win International Investment Group Inc. through a wholly-owned subsidiary, 1864492 Alberta Ltd., pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Under the Arrangement, [Read more]
Alberta Premier Jim Prentice to lobby Washington about Keystone XL pipeline
EDMONTON - Alberta's premier remains hopeful about the Keystone XL pipeline despite word that U.S. President Barack Obama may veto the project.Jim Prentice says there is broad public and political support in the United States for the pipeline that would carry Alberta bitumen to the U.S. Gulf Coast.Prentice says he will travel to Washington within the next month to let people know that Keystone is in the best interests of Canadians and Americans alike.He says he will also promote the [Read more]
B.C. regulations make natural gas pipelines oil and bitumen-free
VICTORIA - A proposed network of pipelines from natural gas fields in British Columbia's northeast to liquefied natural gas export plants in the northwest will not be permitted to pump oil and diluted bitumen, the provincial government says.The Natural Gas Development Ministry said a new regulation prohibits the B.C. Oil and Gas Commission from allowing any conversion of a natural gas pipeline supplying an LNG facility.But the Opposition New Democrats said the regulation is not tough [Read more]
First bill in Republican-controlled US Senate seeks to approve Keystone pipeline
WASHINGTON - It took less than a day to dent the hopes of Canadian oilsands proponents that a new, Republican-dominated U.S. Congress might finally carry their coveted Keystone XL pipeline project to completion.The plan slammed into a familiar obstacle: the White House.A bill that would force the project to go ahead was introduced by the new Republican majority as the 2015-16 Congress took office Tuesday and, immediately, U.S. President Barack Obama signalled his plan to veto it."I can confirm [Read more]
Column: Energy Crisis As Early As 2016
Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of gasoline is under $2.00/gallon in Texas. If oil supply falls too far, we could see gasoline prices doubling within 18 months. For a commodity as critical to our standard of living as oil is, it only takes a small shortage to drive up the price. On Thanksgiving Day, 2014 Saudi Arabia decided to maintain their crude oil output of [Read more]
Crescent Point Energy Announces $1.45 Billion Capital Expenditures Budget for 2015
CALGARY, ALBERTA--(Marketwired - Jan. 6, 2015) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) announces a $1.45 billion capital expenditures budget for 2015. The capital expenditures budget is expected to generate average daily production of 152,500 boe/d, a nine percent increase over 2014 guidance. With benchmark oil price volatility currently at elevated levels, Crescent Point's 2015 budget assumptions are conservative and disciplined. "In this [Read more]