The price of oil fell slightly Monday following a drop in China’s manufacturing. Benchmark U.S. crude for May delivery was down 3 cents at $99.43 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 56 cents to $99.46 on Friday. Brent crude, used to set prices for international varieties of crude, fell 28 cents to $106.64 a barrel The preliminary version of HSBC’s purchasing managers’ index for China released Monday showed manufacturing dropped [Read more]
News
Border Announces Share Consolidation
CALGARY, ALBERTA--(Marketwired - March 24, 2014) - Border Petroleum Corp. ("Border" or the "Corporation") (TSX VENTURE:BOR) announces that the TSX Venture Exchange ("TSXV") has provided its final acceptance to the 10 to 1 share consolidation and name change of the Corporation which was approved by the shareholders of the Corporation at its annual and special meeting held on September 30, 2013. Effective at the opening on March 24, 2014, the common shares of Border Petroleum Limited will [Read more]
DeeThree Exploration Ltd. Announces 2013 Operating and Financial Results and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - March 24, 2014) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to announce that it has filed its audited financial statements for the year ended December 31, 2013 and related management's discussion and analysis with Canadian securities regulatory authorities. DeeThree's annual information form for the year ended December 31, 2013 has also been filed. The annual information form provides DeeThree's reserve data and [Read more]
Baytex Provides Update on Aurora Acquisition
CALGARY, ALBERTA--(Marketwired - March 24, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) provides an update on the status of its proposed acquisition of all of the shares of Aurora Oil & Gas Limited ("Aurora") pursuant to a scheme of arrangement under Australian law (the "Arrangement"). As a part of the process of completing the Arrangement, Aurora has filed a draft scheme booklet with the Australian Securities Investment Commission ("ASIC"). ASIC's review will be followed by [Read more]
Arctic regulators consider offshore drilling rules as industry interest grows
Growing industry interest in the offshore oil resources of Canada's Arctic is forcing northerners from east to west to confront hard questions about development. No actual drilling is likely to happen for years. But major decisions are being taken now as projects enter the regulatory system. Governments, aboriginal groups and Arctic communities are considering issues such as how to plug possible blowouts, who benefits from development and whether some waters should remain [Read more]
Rock Energy Inc. Announces 2013 Results, Increases Capital Spending and Guidance for 2014, and Updates First Quarter Operations
CALGARY, ALBERTA--(Marketwired - March 21, 2014) - Rock Energy Inc. (TSX: RE) ("Rock" or the "Company") is pleased to report its financial and operating results for the year and three months ended December 31, 2013. Rock has filed its Annual Information Form (AIF), which includes Rock's reserves data and other oil and natural gas information for the year ended December 31, 2013. The AIF includes annual disclosure regarding reserves data and other oil and gas information as mandated by National [Read more]
Oil rises above $99 a barrel after US, EU expand sanctions against Russia
The price of oil rose above US$99 a barrel Friday as the United States and the European Union expanded sanctions against Russia and warned of possible penalties against its energy industry.Benchmark West Texas Intermediate crude for May delivery rose 56 cents at settle at US$99.46 a barrel on the New York Mercantile Exchange. The day before, it had dropped 27 cents.Sanctions in response to Russia's annexation of the Crimean peninsula from Ukraine grew to include a bank and 20 individuals [Read more]
Desmarais Updates Activity, Appoints CFO
CALGARY, March 21, 2014 /CNW/ - Desmarais Energy Corporation (TSXV: DES) (the "Corporation" or "Desmarais") announces that a farm-out horizontal well in the Virginia Hills area of west central Alberta, was completed in the Beaverhill Lake formation early in Q4 2013 with a multi-stage acid fracture stimulation. It has been producing light, sweet crude oil since mid-November. Variable rates have been achieved of approximately 14 - 19 m3/ day or 90 to 120 bopd. Desmarais has a 5% before payout [Read more]
Spectra Energy’s Westcoast Connector Gas Transmission Project Submits Environmental Assessment Certificate Application
Reflects early local input into project design and commitment to British Columbia benefits VANCOUVER, March 21, 2014 /CNW/ - Today, Spectra Energy Corp (NYSE: SE) announced the submission of an Environmental ASSESSMENT Certificate Application (Application) for its Westcoast Connector Gas Transmission Project to the BC Environmental Assessment Office (BC EAO). The Application includes detailed descriptions of Project elements, summaries of studies conducted to assess baseline environmental, [Read more]
Yoho Announces Disposition of Common Shares of Storm Resources
CALGARY, ALBERTA--(Marketwired - March 21, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that as a result of a plan of arrangement (the "Arrangement") completed pursuant to the provisions of the Business Corporations Act (Alberta) on March 20, 2014, Yoho and Yoho's direct and indirect wholly-owned subsidiary, Yoho Resources Partnership (the "Partnership"), have disposed of an aggregate of 13,629,442 common shares ("Storm Shares") in the capital of Storm [Read more]