VANCOUVER - Oil sands opponents who have been fighting the Keystone XL pipeline project in the United States are turning their sights on two pipeline proposals in British Columbia.The conservation group Forest Ethics launched the website tarsandssos.org in Washington state today, featuring real-time tracking of all tankers in and out of Kinder Morgan's Westridge terminal in Burnaby — the terminus of its Trans Mountain pipeline from Alberta.Forest Ethics U.S. spokesman Matt Krogh (crowg) says the [Read more]
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New Brunswick energy minister says shale gas opponents are ignoring facts
HALIFAX - Some opponents of shale gas exploration and other energy developments are driven by ideology and ignoring the facts, New Brunswick's minister of energy said Tuesday.Craig Leonard said during the Maritimes Energy Association conference in Halifax that the shale gas industry could revive the economic fortunes of his province, yet some people aren't willing to hear a reasoned argument about its merits."There is a sector of the population, they do everything in their power to try to stop [Read more]
Enbridge plans new $1B diluent pipeline in northern Alberta
CALGARY - Enbridge Inc. is planning to build a new pipeline to bring diluent — used to thin-out oilsands bitumen so it can flow through pipelines — to industry players in northern Alberta.The company envisions a 200,000-barrel-per-day conduit with a price tag of $1 billion, said Vern Yu, senior vice-president of business and market development. Depending on how keen the industry is on the pipeline, it could be expanded to 300,000 barrels per day.Traditionally, oilsands producers have used [Read more]
Encana Announces New Organizational Structure and Senior Management Team
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2013) - As part of its ongoing strategy development process, Encana (TSX:ECA)(NYSE:ECA) announced today its new organizational structure and the members of its Senior Management Team who will report directly to President & CEO Doug Suttles. "The new organizational structure aligns with the core competencies needed to get Encana back to winning. These include resource identification, operational excellence, market fundamentals, and capital [Read more]
Shoreline Energy Corp. Signs Letter of Intent for Joint Venture with Acceleration Resources and Associated Compliance with Banking Covenants
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2013) - Shoreline Energy Corp. (the "Company" or "Shoreline") (TSX:SEQ) is pleased to announce that it has entered a letter of intent (the "Letter of Intent") with Acceleration Resources, LLC ("Acceleration"), a U.S.-based oil and gas investment firm. The Letter of Intent envisions a loan (the "New Facility") of up to $2,750,000 in principal amount and a joint venture (the "Joint Venture") for up to $50mm of investment over time into Shoreline's Niobrara [Read more]
Oil falls to near $102 on U.S. shutdown
The price of oil fell Tuesday after parts of the U.S. government were ordered to shut down because of a budget impasse in Washington.Benchmark oil for November delivery was down 19 cents to US$102.14 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 54 cents to close at $102.33 on Monday after trading as low as $101.05.Just as the U.S. economy is struggling to expand, infighting among U.S. lawmakers is threatening to slow [Read more]
Terra Energy Announces Additions to Management Team
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TSX: TT) is pleased to announce the appointment of Richard Campbell, P.Eng as Vice President, Production Operations and Gerald Wendland, P. Geol. as Chief Geologist. Mr. Campbell joined the Company a year ago as General Manager of Production Operations. Mr. Campbell has had an extensive career in the oil and gas industry with over 30 years of engineering, predominantly in the areas of oil [Read more]
Twin Butte Energy Ltd. Provides Corporate and Operational Update
CALGARY, Sept. 30, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to provide an update on various corporate and operational activities. Twin Butte has completed the disposition of a non-core, west central Alberta, gas asset for gross proceeds of $19.5 million effective September 30, 2013. The property was producing approximately 300 boe per day, of which 72 percent was natural gas. Proceeds will initially be used to reduce debt which is now anticipated [Read more]
Trilogy Energy Corp. Announces C$200 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Trilogy Energy Corp. ("Trilogy" or the "Issuer") (TSX:TET) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 7,020,000 common shares (the "Common Shares"), at a price of $28.50 per Common Share for gross [Read more]
Altima Announces Construction of New Chambers Alberta Area Pipeline and Facilities and Updates Chambers, Alberta Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH) (FRANKFURT:AKC) (PINKSHEETS:ARSLF) announces it has commenced construction of a new 3.78 kilometer pipeline (the "Line") and facility to connect the COPOL HZ 14-15-41-11 W5M well (Refer to News Release September 5, 2013) to the ConocoPhillips Canada compressor facility (the "Facilities") located at 09-04-041-11 W5M. Through a Participation Agreement (the "Agreement") between Acumen Energy [Read more]