CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Husky Energy (TSX:HSE) has sanctioned a new crude oil flexibility project at its refinery in Lima, Ohio, which will allow for the processing of up to 40,000 barrels per day (bbls/day) of heavy crude feedstock from Western Canada starting in 2017. The estimated cost of the upgrade to the Husky Lima Refinery is approximately $300 million and will provide an efficient and cost-effective way to process a greater variety of crudes. The project [Read more]
News
Questerre Spuds 100% Well in Kakwa
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report that it has recently spud a 100% working interest well in the Kakwa-Resthaven area of west-central Alberta. Michael Binnion, President and Chief Executive Officer of Questerre commented, "This well will test the liquids rates from our south Kakwa acreage. After our 09-01 Well which confirmed high pressure gas rates, we are looking forward to the [Read more]
GE, Suncor form dust-busting partnership for oilsands access roads
CALGARY - The dust clouds made it difficult to see and breathe as the big trucks rumbled along access roads at Suncor Energy Inc.'s MacKay River oilsands site. Suncor's traditional dust control strategy of spraying water from a truck just wasn't working. In fact, it was an act of futility. On a hot summer day, the liquid would evaporate within 15 minutes. So Canada's largest energy company (TSX:SU) enlisted the help of General Electric to get its dust problem under control using a glue of [Read more]
TransCanada pleased Keystone XL review
CALGARY - TransCanada says it's pleased with the U.S. State Department's latest report into its controversial Keystone XL oil pipeline proposal, but acknowledges there's some ways to go before it can go ahead with construction. CEO Russ Girling says the report supports many of TransCanada's arguments in favour of the 830,000-barrel-per-day line when it comes to jobs, environmental protection and the line's impact on the pace of oilsands development. But he says the process is far from over [Read more]
What is being said about the Keystone report
WASHINGTON - A look at reaction to the U.S. State Department's environmental impact report on TransCanada Corp.'s (TSX:TRP) proposed Keystone XL pipeline: "This has been a lengthy and thorough review process. The benefits to the United States and to Canada are clear. We await a timely decision on this project." — Natural Resources Minister Joe Oliver. ——— "There is a simple question that needs to be answered: Is this pipeline in America's national interest. From our perspective, from an [Read more]
Elkwater Announces Closing of Financings and Acquisition
CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Elkwater Resources Ltd. (the "Corporation" or "Elkwater") (TSX VENTURE:ELW) announces that the Corporation has entered into a new $4.1 million revolving senior credit facility (the "Facility") with a Canadian chartered bank, closed its previously announced non-brokered private placement (the "Private Placement") by issuing 5,000,000 common shares (the "Shares") at a price of $0.05 per Share for gross proceeds of $250,000, and closed its [Read more]
What the Keystone XL Pipeline EIS Means for Alberta’s Producers
CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Strata Oil (OTCQB:SOIGF)(OTCBB:SOIGF), a leader in the exploration and development of bitumen from carbonates, responded to the U.S. State Department's environmental impact statement (EIS) regarding the proposed Keystone XL Pipeline which was just released earlier today. The State Department's EIS concludes that the proposed Keystone XL Pipeline would have minimal impact on the environment over the long term with no appreciable increase in carbon [Read more]
CAPP: U.S. State Department’s Environmental Statement Provides Basis for Keystone Approval on Environmental, Economic, Energy Security Merits
CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - The U.S. State Department's final environmental impact statement for the Canada-U.S. Keystone XL oil pipeline project provides the basis for approval of the pipeline on its strong environmental, economic and energy security merits, the Canadian Association of Petroleum Producers said today. "With this extensive environmental review now complete, we encourage the U.S. government to move expeditiously to a favourable decision on Keystone XL," [Read more]
Hyperion Exploration Corp. Completes Sale of Non-Core, Chip Lake Assets
CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Corporation") (TSX VENTURE:HYX) announces that it has completed the previously announced disposition of 100 boe/d of non-core, gas weighted production in the Chip Lake Area of Central Alberta for cash consideration of $3.4 million (the "Disposition"). Proceeds from the Disposition will be used to reduce Hyperion's bank debt. [Read more]
Alberta oilsands odour hearings wrap up
PEACE RIVER, Alta. - Hearings in northwestern Alberta about odours blamed on oilsands processing have wrapped up.People in two communities near Peace River say Baytex Energy's operations are creating powerful gassy smells that are impossible to live with.Alberta's energy regulator called an inquiry after getting numerous complaints.The regulator says it will now review what it heard and make recommendations in a report by March 31.Baytex spokesman Andrew Loosely says the hearings were a [Read more]