NEW YORK - Oil rose just a penny Wednesday as worries about upheaval in Ukraine offset the dampening effect of a huge increase in U.S. oil supplies.Benchmark West Texas Intermediate crude for May delivery closed at US$103.76 a barrel on the New York Mercantile Exchange. Brent crude for June delivery, a benchmark for international varieties, closed at US$109.36 in London. The May contract expired Tuesday at US$108.74 a barrel.U.S. oil rose to nearly $105 per barrel in morning trading, but fell [Read more]
News
First Mountain Exploration Ltd. announces filing of 2013 financials and reserve data, provides operational update and announces the appointment of a new CFO
CALGARY, April 16, 2014 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) has filed on SEDAR its audited annual financial statements ("Financial Statements") and management's discussion and analysis ("MD&A") for the year ended December 31, 2013. First Mountain has also filed its reports under section 2.1 of National Instrument 51-101 -Standards of Disclosure for Oil and Gas Activities ("NI 51-101 Filings"). Copies of the Financial Statements, [Read more]
Pine Cliff Energy Ltd. Announces Executive Appointment and Grant of Stock Options
CALGARY, ALBERTA--(Marketwired - April 16, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce the appointment of Terry McNeill to the position of Vice President Operations. Mr. McNeill has over 20 years of experience in the oil and gas industry and held the same position at Berkana Energy Corp. from September 2006 until January 2008 and Quatro Resources Ltd. from January 2008 until the sale of the company in November 2012. Mr. McNeill possesses a broad range [Read more]
First Nations bar B.C. from LNG summit over sweet gas assessment exemption
FORT NELSON, B.C. - British Columbia government officials have been kicked out of a First Nations forum on liquefied natural gas over the government's decision to exempt most of the gas produced in the province from mandatory environmental assessment.The chief of the Fort Nelson First Nation, organizer of today's summit, asked the bureaucrats to leave this morning.On Monday, the Liberal government made changes that mean plants that produce so-called sweet gas will no longer face an automatic [Read more]
Government-commissioned studies suggest public unsure of energy industry benefit
OTTAWA - Public opinion research contracted by Ottawa suggests the pro-resource-development Conservative government has not yet convinced Canadians of the national benefits of the energy industry. Two different polling companies conducted cross-country focus groups last fall — in addition to one large national poll — and reported a common theme: Most Canadians just don't see what's in it for them. Natural Resources Canada, which commissioned the two studies at a combined cost of almost [Read more]
Cdn government scolds Jimmy Carter over pipeline position
WASHINGTON - The Keystone XL pipeline issue has created a tiff between a former U.S. president and the Canadian government. The Prime Minister's Office reacted swiftly Wednesday to a letter signed by Nobel laureates, including Jimmy Carter, urging President Barack Obama to reject the pipeline. Carter is the first former president to come out against Keystone. Prime Minister Stephen Harper's office warned: Remember 1979. It was a reference to the dip in oil supply which followed the [Read more]
SWN Resources proposing test wells in New Brunswick, but no fracking for now
FREDERICTON - The company at the centre of a fracking controversy in New Brunswick says it hopes to drill four test wells next year that will help determine the location of shale gas deposits in Queens and Kent counties.If the project is approved, SWN (swin) Resources Canada says the vertical test wells would extend several thousand metres below the surface in Pangburn, Bronson, Galloway and Lower Saint-Charles.Environment Minister Danny Soucy says the wells must undergo environmental [Read more]
Jimmy Carter becomes first U.S. ex-president to urge Keystone XL rejection
WASHINGTON - For the first time ever, a former U.S. president has come out against the Keystone XL pipeline.The ex-president in question is Jimmy Carter.The 39th president joined a group of Nobel laureates to sign a letter urging the current commander-in-chief to reject the pipeline from Canada.The letter tells Barack Obama that he stands on the brink of making a choice that will define his legacy on one of the greatest challenges humanity has ever faced – climate change.It says his decision [Read more]
Spartan Energy Corp. Provides Drilling and Operational Update
CALGARY, ALBERTA--(Marketwired - April 16, 2014) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX VENTURE:SPE) is pleased to provide a first quarter operational and drilling update. References to Spartan's operations in this press release include first quarter operations of Renegade Petroleum Ltd., which was acquired by Spartan on March 31, 2014. OPERATIONS UPDATE Spartan was active in the field during the first quarter of 2014, drilling a total of 19 (17.5 net) wells. Of these, 3 [Read more]
Manitok Energy Inc. Announces Unaudited 2013 Financial and Operating Results, the 2013 Reserves Evaluation and an Operational Update
CALGARY, ALBERTA--(Marketwired - April 15, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce its 2013 fourth quarter and year-end unaudited financial and operational results; provide highlights from its 2013 independent Reserves Evaluation and provide an operational update. All financial amounts referred to in this press release are management's best estimates and the year-end financial statements have not yet been audited. The full text of [Read more]