CALGARY, ALBERTA--(Marketwired - July 23, 2014) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to provide a general corporate and operational update. Summary High North is pleased to announce Montney oil flowing production rates from the five horizontal wells drilled to-date on its 100 percent owned core area 20.25 contiguous sections (Blocks A to H) at the Girouxville-Mclean property. Since bringing on the Company's first well in mid-January [Read more]
News
Canada’s U.S. ambassador says Keystone pipeline makes economic, environmental sense
WHISTLER, B.C. - United States ambassador to Canada Bruce Heyman had little to say Tuesday about a possible decision on the controversial Keystone XL pipeline project, but that didn't stop Canada's U.S. ambassador from bluntly stating there's no proof that the pipeline shouldn't be built.Gary Doer said all the evidence — environmental, economic, safety and scientific — supports a favourable decision by the U.S. government for the Keystone oil pipeline. Doer told delegates attending the annual [Read more]
REPORT: Repsol exploring bid to buy Talisman
According to a Bloomberg report, Spain's largest oil company, Repsol, is eyeing down Calgary-based Talisman Energy as a potential takeover target. Bloomberg cite's the sources of the rumor as 'people familiar with the matter.' A Spanish newspaper earlier reported Repsol was working with JPMorgan to evaluate potential targets as the company looks to expand on its international asset base. Spokesmen from Repsol, Talisman and JPMorgan all declined to comment on the matter. UPDATE: Talisman [Read more]
Oil slips slightly, but geopolitical tensions seen preventing any significant declines.
The price of oil fell slightly Tuesday but experts see geopolitical tensions preventing any significant short-term declines.Benchmark West Texas Intermediate crude for August delivery fell 17 cents to US$104.42 a barrel on the New York Mercantile Exchange. The more heavily traded September contract slipped 47 cents to US$102.39.Brent crude for September delivery, a benchmark for international oils, dropped 35 cents to US$107.33 on the ICE Futures exchange in London.Fighting between the Israeli [Read more]
AER says more spill safeguards needed before Primrose returns to normal
CALGARY - The Alberta Energy Regulator says Canadian Natural Resources Ltd.'s (TSX:CNQ) Primrose oilsands project in northeastern Alberta won't be returning to normal full operations any time soon.Jim Ellis, who heads up the provincial energy watchdog, says it won't allow a return to business as usual until all of the risks have been addressed and the right safeguards are in place to prevent bitumen from oozing to the surface.An emulsion of bitumen and water was found to be leaking from four [Read more]
Shoreline Energy Corp. Announces Amended and Restated Forbearance Agreement With Senior Lender
CALGARY, ALBERTA--(Marketwired - July 22, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") announces that it has entered into an amendment agreement extending its Forbearance Agreement with its senior secured lender, Century Services LP (collectively, the "Forbearance"). The Forbearance will provide Shoreline with the ongoing opportunity to complete its strategic alternatives process, co-ordinated by its advisor RBC Capital Markets. The strategic alternatives process [Read more]
Petrus Resources Ltd. and Arriva Energy Inc. Announce Offer to Be Made by Petrus to Acquire All of the Outstanding Shares of Arriva
CALGARY, ALBERTA--(Marketwired - July 21, 2014) - Petrus Resources Ltd. ("Petrus") and Arriva Energy Inc. ("Arriva") are pleased to announce that they have entered into a pre-acquisition agreement (the "Pre-Acquisition Agreement") pursuant to which Petrus will, subject to the satisfaction or waiver of certain conditions, make an all-cash offer to acquire 100% of the issued and outstanding common shares of Arriva (the "Arriva Shares") at a purchase price of $2.05 per share, including any Arriva [Read more]
Sunshine Oilsands Ltd. Announces Sale of Non-Core Assets and Appointment of Interim Chief Financial Officer
CALGARY, Alberta and HONG KONG, July 21, 2014 /CNW/ -- Sale of Non-Core Assets This announcement is made in accordance with the Inside Information Provision under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules"). The board of directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation"; HKEX: [Read more]
Maine city council votes to ban western Canada oil
SOUTH PORTLAND, Maine - The South Portland City Council has voted to ban the transfer of crude oil onto ocean tankers, effectively ending any attempt to bring oil from western Canada through a pipeline into the city. The City Council voted 6-1 Monday night in favour of the ordinance that was hailed by environmentalists. Crude from the tar sands of western Canada is fueling the surge in North American production, but environmentalists say tar sands oil is difficult to clean if spilled and [Read more]
B.C. LNG cleans air, wipes out debt, Premier Clark tells political summit
WHISTLER, B.C. - Premier Christy Clark says British Columbia's proposed liquefied natural gas industry has the power to fight air pollution in China and clear up smog in Los Angeles.The premier's natural gas development minister also boasted to delegates at the same conference on Monday that the LNG industry will clean up the provincial debt.Clark told the Pacific Northwest Economic Region gathering, where business and government leaders from U.S. states, provinces and territories gathered to [Read more]