CALGARY, ALBERTA--(Marketwired - April 24, 2014) - Canadian Oil Sands Limited ("COS") (TSX:COS) today announced that Syncrude has begun unplanned maintenance work on Coker 8-1. It is expected that this maintenance work will overlap the turnaround of Coker 8-2 scheduled for the second quarter. COS has revised its estimate for the annual Syncrude production range to 95 to 105 million barrels with a single point estimate of 100 million barrels for 2014. This equates to 35 to 38.6 million barrels [Read more]
News
Crude oil rises to near US$102 a barrel on Ukraine uncertainty
The price of oil rose to near US$102 a barrel Thursday on worries about tensions in Ukraine. Benchmark West Texas Intermediate crude for June delivery rose 50 cents to close at US$101.94 a barrel on the New York Mercantile Exchange. Brent crude, an international benchmark, gained $1.22 to US$110.33 a barrel on the ICE Futures exchange in London. Ukraine is going through its biggest political crisis since the fall of the Soviet Union. Ukrainian forces launched an operation Thursday to drive [Read more]
Cequence Energy achieves record production of 14,000 boepd
CALGARY, April 24, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to report that estimated daily production volumes have reached a record of 14,000 boepd during the second half of April following the startup of the Ansell facility and completion of its winter capital program. Simonette At Simonette, the final two wells of the Company's Montney winter drilling program were completed and are producing with much higher liquid yields than average wells of the [Read more]
RMP Energy Achieves Record Quarterly Production and Increases 2014 Production Guidance
CALGARY, ALBERTA--(Marketwired - April 24, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce record average daily production for the first quarter of 2014 and increased fiscal 2014 production market guidance. First Quarter 2014 Production Update On March 1, 2014, RMP commissioned its expanded Ante Creek battery facility and commenced delivering light oil and associated natural gas into the downstream sales receipt point through its Ante Creek-to-Waskahigan [Read more]
Santonia Energy Inc. Announces Completion of Acquisition by Tourmaline Oil Corp.
CALGARY, ALBERTA--(Marketwired - April 24, 2014) - Santonia Energy Inc. (TSX:STE) ("Santonia") announces the completion of Tourmaline Oil Corp.'s ("Tourmaline") previously announced acquisition of all of the outstanding Santonia common shares pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Under the Arrangement, which was approved by Santonia shareholders by greater than a 99% majority, Santonia shareholders received 0.03012 of a Tourmaline common [Read more]
Tourmaline Closes the Acquisition of Santonia Energy, Increases Guidance and Updates EP Activities
CALGARY, ALBERTA--(Marketwired - April 24, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of its previously announced acquisition of all of the outstanding common shares of Santonia Energy Inc. ("Santonia") pursuant to an arrangement (the "Arrangement") under the Business Corporations Act (Alberta). Under the Arrangement, which was approved by Santonia shareholders by greater than a 99% majority, Santonia shareholders received 0.03012 [Read more]
NEB Releases Final Audit Reports on TransCanada Pipelines Management Program
CALGARY, April 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released the final reports detailing its audit of TransCanada PipeLines Limited's (TransCanada) Safety Management, Emergency Management, Environmental Protection, Third Party Crossings and Public Awareness programs. The Board finds that TransCanada has identified the majority, and most significant, of its hazards and risks, however there are areas where the company was found to be out of compliance. TransCanada [Read more]
WATCH: Self-described ‘Cowboys and Indians’ march against Keystone XL in Washington
Ranchers, farmers and aboriginal groups are protesting the Keystone XL pipeline together in Washington this week. The Obama administration has delayed a decision on the Alberta-Texas pipeline, possibly until next year. Watch the video courtesy Canadian Press: [Read more]
Delays haven’t soured Imperial on Keystone XL pipeline, but other options open
CALGARY - One of Canada's largest oilsands producers isn't soured on the proposed Keystone XL pipeline, despite news that the US$5.4-billion project has been delayed yet again."We think it's as important today as it was the day it was proposed. We think it's good for parties north of the border and parties south of the border," Imperial Oil Ltd. (TSX:IMO) CEO Rich Kruger said following the company's annual general meeting on Thursday.Last week, the U.S. State Department said it needed more time [Read more]
Fort Nelson mayor calls LNG summit expulsion ‘exploitation,’ apologizes
FORT NELSON, B.C. - Tempers are flaring in northern British Columbia over liquefied natural gas.Last week, the Fort Nelson First Nation expelled provincial government officials from its LNG summit over the province's decision to change environment assessment rules for gas plants.Now the municipal government of the Northern Rockies, which includes the city of Fort Nelson, says the decision to eject the officials was a "knee-jerk" reaction.In an open letter, Mayor Bill Streeper calls the expulsion [Read more]