EDMONTON, ALBERTA--(Marketwired - April 22, 2014) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company") (OTCQB:DWOG) is pleased to announce the following operations update on its joint projects located in Sawn Lake, Alberta. Since entering into a Farmout Agreement in late July of 2013 with MP West Canada SAS (the "Farmee"), a subsidiary beneficially owned 1/3 by Maurel et Prom and 2/3 by MPI Energy, two listed companies based in Paris, France, and after entering [Read more]
News
Keystone may be stalled, but the protests aren’t: demos planned all week in D.C.
WASHINGTON - The Keystone XL project may appear stalled, but its opponents aren't taking their foot off the gas pedal. In fact, the anti-pipeline movement will accelerate its protests for a few days. Demonstrators are preparing to set up camp for six days, starting today, on the National Mall in Washington, D.C. A group called the C.I.A. — the "Cowboy and Indian Alliance" — will set up tipis and a covered wagon on the lawn near the White House, with a ceremonial horseback ride and [Read more]
Saskatchewan government ‘deeply concerned’ over delay in Keystone decision
REGINA - Saskatchewan Premier Brad Wall says the latest delay in a decision on the proposed Keystone XL pipeline is a major blow to Canada's energy industry. The U.S. State Department announced last week that it wants to give federal agencies more time to review the $5.4-billion proposal by Calgary-based TransCanada (TSX:TRP). TransCanada had hoped a legal dispute over the pipeline's route in Nebraska would not further hold up a decision at the federal level. Wall says he is deeply [Read more]
U.S. pipeline workers blast Obama administration for delaying Keystone XL
American pipeline workers are blasting a decision to delay the Keystone XL process, saying the move by the Obama administration has erased a few thousand high-paying jobs this summer. One union — the Laborers' International Union of North America — called the move gutless, and accused the government of announcing it on a holiday weekend in the hope fewer people would be paying attention. One member of that union says his phone is ringing off the hook. Ron Berringer says he has received [Read more]
Price of crude oil rises and stays above US$104 a barrel amid Ukraine jitters
The price of oil edged higher Monday and stayed above US$104 per barrel as investors watched the simmering tensions in Ukraine.West Texas Intermediate crude for May delivery rose seven cents to US$104.37 a barrel on the New York Mercantile Exchange after a three-day holiday weekend.Markets were on edge at the possibility of European or U.S. sanctions that might disrupt Russian oil exports. Tensions got worse after an Easter morning shooting at a checkpoint manned by pro-Russian insurgents.Upward [Read more]
TransCanada Disappointed and Frustrated with Keystone Delay
CALGARY, ALBERTA--(Marketwired - April 21, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today released the following statement from Russ Girling, TransCanada's President and Chief Executive Officer, related to another process delay announced by the U.S. Department of State (DOS) April 18, 2014 with respect to the permitting process for Keystone XL. DOS said on April 18 that it will seek the input of eight federal agencies in the course of assessing the National Interest [Read more]
Traverse Energy Ltd. Grants Stock Options
CALGARY, ALBERTA--(Marketwired - April 21, 2014) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) announces that it granted stock options to its directors and officers to purchase 975,000 common shares with an exercise price of $0.95 per share and an expiry date 5 years from the date of grant. The options vest immediately upon grant. The total number of options outstanding as of the date hereof is 6,015,000. The Corporation is a junior oil and natural gas exploration and [Read more]
Shoreline Energy Corp. Announces Acceleration of Its Credit Facility
CALGARY, ALBERTA--(Marketwired - April 21, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") announces that it has received notice of acceleration from its lender under its credit facility (the "Notice"). The Notice provides that the lender intends to accelerate the repayment of approximately $20.6 million outstanding under the facility. Shoreline and its financial advisor RBC Capital Markets, and its legal counsel, Stikeman Elliot are working with the lender to [Read more]
Connacher Provides Q1 2014 Operational Update, AGM and Conference Call Details
CALGARY, April 21, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or the "Company") provides the following operational update for the first quarter 2014 ("Q1 2014"). Production and Operations Based on field estimates, Connacher's Great Divide production for Q1 2014 averaged 13,400 bbl/d. Production was 18 per cent higher than the prior quarter (Q4 2013 - 11,400 bbl/d). On March 7, 2014 the Company experienced a natural gas supply pipeline leak at Algar. The Algar plant was [Read more]
Oil edges down but stays above $104 a barrel amid Ukraine jitters
BEIJING - The price of oil edged down Monday but stayed above $104 per barrel as investors watched simmering tensions in Ukraine. U.S. crude for May delivery was down 12 cents at US$104.18 in electronic trading on the New York Mercantile Exchange after trading resumed following a three-day holiday weekend. The contract rose 44 cents to $104.30 in the previous session. Markets are on edge at the possibility of European or U.S. sanctions that might disrupt Russian supplies. Tensions were [Read more]