WASHINGTON - Some people in Washington want to try to force U.S. President Barack Obama to make a decision on the Keystone XL pipeline, whether he likes it or not. There's talk in Congress about attaching a pipeline provision to an existing bill in an attempt to force the president's hand. The White House is refusing to say whether the president would veto such a bill. At today's media briefing, presidential spokesman Jay Carney urged Congress to stay out of the issue and refused to [Read more]
News
Four companies sign deal to develop LNG Canada but much work to be done:CEO
VANCOUVER - Four companies have signed on to develop LNG Canada, the entity behind a proposed liquefied natural gas project, which B.C. Premier Christy Clark says has reached an important milestone.Shell Canada, PetroChina, Korea Gas Corp. and Mitsubishi are taking part in the project located in Kitimat, B.C.LNG Canada CEO Andy Calitz says the agreement does not mean that a final decision to build the project has been made.He says such a massive undertaking comes with significant investment [Read more]
Shell Canada increases stake in LNG Canada as joint venture passes milestone
VANCOUVER - Shell Canada Energy has increased its stake in the LNG Canaada joint venture, which has been formed to build a terminal to export Canadian liquefied natural gas from Kitimat, B.C. The LNG Canada partners announced Wednesday that Shell will own 50 of the joint venture, up from 40 per cent, while Korea Gas Corp (KOGAS) and Mitsubishi Corp. have each reduced their shares by five percentage points to 15 per cent. The fourth partner, PetroChina, continues to own 20 per cent of LNG Canada. [Read more]
Long Run Exploration Ltd. Announces Closing of $120 Million Bought Deal Subscription Receipt Offering
CALGARY, ALBERTA--(Marketwired - April 30, 2014) - Long Run Exploration Ltd. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce that it has closed its previously announced offering (the "Offering") of 23,530,000 subscription receipts (the "Subscription Receipts") at a price of $5.10 per Subscription Receipt. A syndicate co-led by National Bank Financial Inc. and Macquarie Capital Markets Canada Ltd. and including Scotia Capital Inc., Cormark Securities Inc., Canaccord Genuity Corp., [Read more]
Tuscany Announces Significant Sparky Acreage Acquisition, Macklin, Saskatchewan
CALGARY, ALBERTA--(Marketwired - April 30, 2014) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to announce that it has recently acquired a 100% interest in 567 acres adjacent to its Macklin heavy oil pool, comprised of a producing natural gas well and rights to the Sparky formation. The significance of this acquisition is that it increases Tuscany's holdings in the Macklin area to a 100% interest in approximately 1,400 acres of prospective oil bearing Sparky lands. The [Read more]
Gibson Announces Additional Storage Capacity at Hardisty
CALGARY, ALBERTA--(Marketwired - April 30, 2014) - Gibson Energy Inc. ("Gibson" or the "Company"), (TSX:GEI), is pleased to announce that it has received committed support, from a new customer, for two 300,000 barrel crude oil storage tanks at the Company's Hardisty Terminal. The two additional tanks contribute to a total of six new tanks being constructed at Hardisty, increasing total storage capacity under development to 2.3 million barrels. "The contracting of 2.3 million barrels of new [Read more]
Cenovus oil sands production climbs 20% in first quarter
Plans to move forward with Grand Rapids oil sands project Combined oil sands production at Foster Creek and Christina Lake averaged 120,444 barrels per day (bbls/d) net in the first quarter, up 20% from a year earlier. Production at Christina Lake averaged 65,738 bbls/d net in the first quarter, an increase of 48% when compared with the same period a year earlier as phase E approached full production capacity. Foster Creek performed at the upper end of Cenovus's expected production [Read more]
MEG Energy reports record quarterly production and cash flow
Production increase reflects continuing success in the ramp-up of Phase 2B and the RISER initiative CALGARY, April 30, 2014 /CNW/ - MEG Energy Corp. today reported first quarter 2014 operational and financial results. Highlights include: Record cash flow from operations of $157.0 million; Record quarterly production of 58,643 barrels per day (bpd), an increase of 80% over first quarter 2013 production volumes driven by the continuing ramp-up of production at Christina Lake Phase 2B and [Read more]
Hawk Announces Changes to Board of Directors
CALGARY, April 29, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to announce the appointment of James C. ("Pep") Lough to the Corporation's Board of Directors. Mr. Lough is a retired businessman who has 30 years of experience in senior financial management positions at both public and private oil and gas companies. Mr. Lough was most recently the Chief Financial Officer at Cutpick Energy Inc. and currently serves on the board of directors of two private, Calgary [Read more]
Palliser Oil & Gas Corporation Reports 2013 Financial and Operating Results
CALGARY, April 29, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) wishes to report financial and operating results for the three months and year ended December 31, 2013. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which is expected to be available at www.sedar.com and the Company's [Read more]