CALGARY - A report by the Fraser Institute released Tuesday says pipeline is by far the safest way to transport oil when worker injury rates are compared, but it remains unclear which is the safest from an environmental standpoint.Using data from the U.S. Department of Transportation between 2005 and 2009, the study found the rates of injury requiring hospitalization in the U.S. were 30 times lower among pipeline workers than rail workers involved in shipping oil.For truck transport, the [Read more]
News
Alberta premier Redford, B.C.’s Clark to meet Nov. 5 to talk resource strategy
EDMONTON - British Columbia Premier Christy Clark and Alberta's Alison Redford are to meet next month in Vancouver to work on a joint plan to expand energy exports.The two premiers plan to talk on Nov. 5 after Redford delivers a speech to the Vancouver Board of Trade.The premiers say they have set the terms of reference for a joint group to explore energy issues.The group is to consult with First Nations, explore resource transportation options, look at how to promote resources and study ways to [Read more]
Hemisphere Energy Provides Operational Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 15, 2013) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to provide an operational update regarding its activities in the Jenner area of southeast Alberta. Hemisphere has completed tie-in operations of its most recently drilled well and has commenced production. The well was drilled in late August and is now pipeline connected to third party facilities. This is Hemisphere's 12th consecutive successful horizontal well in the [Read more]
Petroforte Acquires Assets in Alberta and Saskatchewan and Conducts Well Test at Brazeau River
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - (NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA) Petroforte International Ltd. ("Petroforte" or the "Corporation") (TSX VENTURE:PFI) reports that further to the Corporation's news release of October 1, 2013 wherein it reported that it had acquired the debt of a private company from a financial institution and that a Receiver had been appointed by the courts under a security agreement, the private company in question was [Read more]
Painted Pony Petroleum Ltd. Announces Listing on the Toronto Stock Exchange
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to announce that the common shares of the Company will commence trading on the Toronto Stock Exchange ("TSX") at the opening of trading on October 17, 2013 under the symbol "PPY". Painted Pony's common shares will be delisted from the TSX Venture Exchange upon commencement of trading on the TSX. Painted Pony Petroleum Ltd. is a public oil and gas [Read more]
Whitecap Resources Inc. announces increase to credit facilities, provides operational update and increases 2013 guidance
CALGARY, Oct. 15, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce a 15 percent increase to our credit facilities from $520 million to $600 million in addition to providing shareholders with an update on our successful capital execution thus far in 2013. Our third quarter operational results have once again exceeded expectations with average production over 1,000 boe/d above our 20,000 boe/d production forecast providing us with the opportunity [Read more]
Hyperion Exploration Corp. Provides Third Quarter Operations and Corporate Updates
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) provides a third quarter 2013 operations and corporate update. OPERATIONS UPDATE The 15-25 Cardium Hz well at Niton was drilled in August 2013 and placed on production in late September. This was the third earning well drilled as part of the 8,000 acre farm-in in the Niton/McLeod area. Hyperion has now fully earned three of the four primary earning blocks under the farm-in [Read more]
Energy Information Administration reports and data halted with US govt shutdown
One department hit by the US govt. shutdown is the US Energy Information Administration. The organization is responsible for critical reports related to the energy market, including: gas storage reports, crude oil and petroleum inventory and several others. Below is the notice posted on EIA.org: As a result of the lapse in appropriations for the U.S. Energy Information Administration, the EIA.gov website and our social media channels will not be updated after 1:00 p.m. Eastern Time on [Read more]
Oil hovers near $102 ahead of U.S. budget deal
BANGKOK - Oil was becalmed near US$102 a barrel Tuesday as U.S. legislators tried to hammer out an agreement to raise the government's borrowing limit and avoid a possible default.Benchmark crude for November delivery was down 4 cents to $102.37 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 39 cents to close at $102.41 on Monday.The oil price has swung back and forth for days as lawmakers attempt to resolve an impasse that [Read more]
Athabasca Oil Corporation Announces an Executive Appointment
CALGARY, Oct. 12, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "AOC") has, due to increased operational activities and responsibilities, created the position of chief operating officer, in charge of all operations, both operating asset areas (Light Oil and Thermal Oil), in addition to all technical functions. The Board of Directors has appointed Rob Broen to this position effective immediately. Mr. Broen joined Athabasca in November, 2012 as senior vice president Light Oil [Read more]