CALGARY, ALBERTA--(Marketwired - Oct. 2, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce that it has filed and obtained a receipt for a preliminary short form prospectus (the "Preliminary Prospectus") in connection with a marketed offering of common shares in the capital of Pine Cliff ("Common Shares") for aggregate gross proceeds of [Read more]
News
Slow year for drilling, rig use
RED DEER, Alta. - This year has been as flat as the Prairies for the energy drilling industry in Western Canada.Mark Scholz, president of the Canadian Association of Oilwell Drilling Contractors, says rig utilization has been about 41 per cent so far this year.He says that figure is expected to rise slightly to 45 per cent for the rest of 2013.Scholz says wet weather and soft money markets are behind the modest numbers.He predicts activity in the oil and natural gas drilling industry will [Read more]
India wants more Canadian oil and gas
OTTAWA - With the ink barely dry on his country's long sought nuclear co-operation agreement, India's top diplomat says his county is setting its sights on increasing the flow of oil and gas imports from Canada.Indian High Commissioner Nirmal Verma also said that his country would like to see the completion of a pipeline to Canada's east coast that would carry Alberta crude to Atlantic Ocean ports.Verma told The Canadian Press that India would consider investing in the proposed Energy East [Read more]
RedWater Negotiates Extension of Maturity Date on Debt and Issues Warrants
OKOTOKS, ALBERTA--(Marketwired - Oct. 2, 2013) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to announce that it has successfully renegotiated the maturity date of $500,000 of debt from February 1, 2014 to August 1, 2014. In consideration for such extension RedWater has issued the lenders (including two directors of the RedWater), warrants exercisable for an aggregate of 500,000 common shares of RedWater at an exercise price of $0.15 per share until August 1, 2014. The [Read more]
TransCanada says construction on Gulf Coast pipeline to finish this month
CALGARY - TransCanada Corp. says a pipeline to ship crude oil from Cushing, Okla., to the U.S. Gulf Coast is 95 per cent complete.The Calgary-based company says major construction on the $2.3-billion pipeline is expected to wrap up by the end of October.More work will need to be done before it can begin filling the pipeline with crudel, but the company hopes to see the project becoming operational by the end of this year, as planned.The prospect of 700,000 barrels per day soon moving from [Read more]
Shale gas protesters block road, confront police in New Brunswick
REXTON, N.B. - There were some tense moments today as a protest against shale gas exploration in New Brunswick entered its fourth day.About 70 people confronted police and demanded that a trailer be allowed to pass through a blockade set up by police near Rexton.The protesters, who have been demonstrating outside a compound where SWN Resources has stored exploration equipment, said they wanted the trailer as a first aid station.After about an hour, police allowed the trailer to pass, once the [Read more]
Judge quashes Alberta govt decision to bar environmentalists from oilsands hearing
EDMONTON - A judge has quashed Alberta's decision to not allow environmental groups to take part in hearings on a proposed oilsands project.The Oilsands Environmental Coalition went to court last month to challenge Alberta Environment's ruling involving an oilsands mine proposed by Southern Pacific Resource Corp.The province said coalition members were not directly affected by the company's plan to build the project on the banks of the MacKay River in northeastern Alberta.A government briefing [Read more]
TransCanada doesn’t expect Keystone XL decision before end of this year
CALGARY - TransCanada Corp. has filed a prospectus with the U.S. Securities and Exchange Commission as part of an ongoing program to raise capital in the markets. The prospectus did not give updated information on when it expects the U.S. State Department to make a decision on the controversial project. An earlier story erroneously stated that the company did not expect a decision this year. [Read more]
Shell on track to drill off Nova Scotia, but exploration still two years away
HALIFAX - Shell Canada has completed 3D seismic imaging off Nova Scotia's southwestern shore, but the energy giant says it will be at least two years before exploratory oil drilling begins as part of its $970-million deepwater venture. Randy Hiscock, manager of business development and new ventures, says the earliest drilling could take place in the Shelburne Basin is in late 2015, and that depends on the results of the seismic research, rig scheduling and getting the proper equipment in [Read more]
GASFRAC Announces Executive Appointments
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2013) - GASFRAC Energy Services Inc. ("GASFRAC") (TSX:GFS) announced the appointment of Lori Mcleod-Hill as Chief Financial Officer and Colin Peters as Vice President Operations. Lori is a Chartered Accountant with more than 20 years of senior financial management experience, including as a CFO for a publicly listed oilfield safety services company. Her expertise includes financial reporting, planning & budgeting, internal controls and [Read more]