CALGARY, ALBERTA--(Marketwired - June 4, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI) (OTCBB:CSPUF) announces that it has accepted certain subscriptions on its non-brokered private placements previously announced on May 26, 2014. The Corporation may accept further subscriptions in regards to these private placements. In the first private placement, the Corporation issued 3,060,000 units ("Units") at a price of $0.50 per Unit. Each Unit consists of one [Read more]
News
Ex-Navy SEAL Team Six member commissioned by pipeline critics to help kill Keystone XL project
WASHINGTON - A member of U.S. special operations forces who worked on the project to kill Osama bin Laden is now working on the project to kill the Keystone XL pipeline. Dave Cooper is a former member of the Navy SEALs squad, known informally as SEAL Team Six, who supervised and helped train the soldiers who killed bin Laden in 2011. The now-retired military man was hired by opponents of Keystone XL to conduct a threat assessment against the possible pipeline. The group that [Read more]
Husky Energy says it’s facing cost pressures at Sunrise oilsands plant
CALGARY - Husky Energy Inc. (TSX:HSE) says the price tag for the first phase of its Sunrise oilsands project in northern Alberta is going up, with costs of its central plant coming in higher than expected.Speaking at Husky's investor day on Wednesday, executives provided no details on how much higher costs could climb, as a final estimate has not been finalized.Sunrise Phase 1 was most recently projected to cost $2.7 billion. It is still on track to start up in the second half of this year."I'm [Read more]
TransCanada to Proceed With $1.9 Billion Merrick Mainline Pipeline Project
CALGARY, ALBERTA--(Marketwired - June 4, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has signed agreements with Chevron Canada Limited (CVX) and an Apache Canada Ltd. wholly-owned and controlled partnership (APA) for approximately 1.9 billion cubic feet per day (Bcf/d) of firm natural gas transportation services to underpin the development of a major extension of TransCanada's NGTL [Read more]
Sunshine Oilsands Ltd. Announces Supplemental Report on Reserves Data and Other Oil and Gas Information in Respect of its West Ells Project Area
CALGARY and HONG KONG, June 4, 2014 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has received a supplemental independent reserves evaluation report (the "Supplemental Report") in respect of those four sections of oil sands lands within its West Ells SAGD project area for which it has obtained initial regulatory approval (the "West Ells Project Area"). The West Ells Project Area is the portion of the larger West Ells [Read more]
Husky Reveals Growth Portfolio and Reaffirms Balanced Growth Strategy
CALGARY, ALBERTA--(Marketwired - June 4, 2014) - Husky Energy (TSX:HSE) is advancing a greatly expanded portfolio of longer-wavelength projects to deliver steady, reliable growth and improve its quality of returns. In a period when many in the industry are retooling strategies and cutting programs, Husky is in a position where it can maintain its current capital spending profile while delivering higher quality earnings, production and cash flow growth. "In 2010 our portfolio essentially [Read more]
Bellatrix Exploration Ltd. Announces Exercise of Over-allotment Option
CALGARY, June 3, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces that it has received notice that the underwriters for its recently announced bought deal offering (the "Offering") intend to exercise the over-allotment option in full to purchase an additional 2,370,000 common shares of the Company (the "Common Shares") at a price of $9.50 per Common Share. As a result of the exercise of the over-allotment option, the Company will issue an [Read more]
Longview Announces Annual and Special Meeting Voting Results Including Shareholder Approval of the Plan of Arrangement With Surge Energy Inc.
CALGARY, June 3, 2014 /CNW/ - Longview Oil Corp. ("Longview") is pleased to announce that on June 3, 2014 it held its annual and special meeting of shareholders (the "Meeting"), whereby Longview shareholders approved the previously announced plan of arrangement (the "Arrangement") involving Longview, Surge Energy Inc. and the shareholders of Longview. A total of 30,084,724 common shares (approximately 63.95% of the outstanding common shares) were represented at the Meeting in person or by [Read more]
Pipeline company Plains Midstream fined after guilty plea in Alberta spills
RED DEER, Alta. - A pipeline company has been fined after pleading guilty in two spills that sent nearly five million litres of oil into Alberta rivers and wetlands. Plains Midstream is to pay a total of $1.3 million for its role in the spills, one of which was the second largest in Alberta history. In April 2011, a poorly welded and highly stressed section of pipe cracked and leaked about 4.5 million litres of oil into low-lying marshlands near the northern community of Little [Read more]
Two studies in Nova Scotia say fracking poses low risk to groundwater
HALIFAX - Two new reports from an expert panel on hydraulic fracturing in Nova Scotia suggest the process — if handled properly — does not pose a serious threat to the province's groundwater supply.The panel, led by Cape Breton University president David Wheeler, says the province's stable geology will make contamination of drinking water wells less likely.The reports also say that establishing monitoring and regulatory practices to ensure wells are properly installed is "relatively [Read more]