LOUISVILLE, Ky. - Supply problems in several states where propane is a crucial heating source have prompted governors and other officials to take action against vendors, investigate claims of price gouging and increase aid to low-income customers.The propane drain coincides with extreme cold temperatures in several Midwestern and Southern states where residents and business owners are struggling to keep heating tanks filled due to increased costs or supply cut-offs."The industry as a whole [Read more]
News
Enbridge Income Fund Approves Pipeline Connection to Tundra Rail Terminal at Cromer, Manitoba
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Enbridge Income Fund (the "Fund") (TSX:ENF) has approved the construction of a pipeline interconnection between the Enbridge Pipelines (Saskatchewan) Inc. system and a crude oil rail terminal near Cromer, Manitoba owned by Tundra Energy Marketing Limited (Tundra). The connection is expected to be in service in the fourth quarter of 2014. It will be capable of delivering segregated batches of either light sweet, light sour or Midale crude oil from [Read more]
Redford says stated case for oilsands to Gore, didn’t sway him
EDMONTON - Alberta Premier Alison Redford says she stated her case to high-profile American oilsands critic Al Gore, but doesn't have any illusions about the result.Redford says she and Gore agreed to disagree on points about climate change and what Alberta is doing to eradicate it.Redford and Gore, the former U.S. vice-president, met last week at the World Economic Forum in Davos, Switzerland.The two met as part of a closed-door discussion about climate change.Redford says she can't, under [Read more]
Inter Pipeline Announces $1.3 Billion Capital Expenditure Program for 2014
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today a $1.3 billion capital expenditure program for 2014, primarily directed towards the expansion of its oil pipeline systems. Rising customer demand for transportation capacity in the oil producing regions serviced by Inter Pipeline has driven $3.4 billion in capital investment since 2012. Organic growth projects are expected to account for about 97 percent of 2014's total [Read more]
Enbridge to Invest $0.2 Billion to Expand Sunday Creek Terminal
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Enbridge (TSX:ENB) (NYSE:ENB) today announced that it will construct additional facilities at its Sunday Creek Terminal, located in the Christina Lake area of northern Alberta, to support production growth from the Christina Lake oil sands project operated by Cenovus Energy and jointly owned with ConocoPhillips. The estimated cost for the expansion is approximately $0.2 billion with a targeted in-service date of Q3 2015. The expansion includes [Read more]
Tamarack Valley Energy Ltd. Announces Increase to Bought Deal Equity Financing to $60.2 Million
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has agreed with a syndicate of underwriters led by Dundee Securities Ltd., and including Clarus Securities Inc., GMP Securities L.P., National Bank Financial Inc., Paradigm Capital Inc., Peters & Co. Limited, AltaCorp Capital Inc. and RBC Capital Markets to increase the size of its previously announced bought deal financing of 7,000,000 [Read more]
Connacher Announces 2014 Initial Capital Plan
CALGARY, Jan. 29, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX:CLL) ("Connacher" or the "Company") announces its initial capital plan for 2014. With the completion of its 2013 capital plan and the successful results from new in-fill and SAGD wells the Company has committed to a near term capital plan aimed at increasing production and advancing the commercial SAGD+® process and mini-steam expansion projects. The initial 2014 capital plan is estimated to be up to $50 million. It is [Read more]
Manitok Energy Provides 2014 Capital Program and Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide the following information regarding its anticipated 2014 capital expenditure program and guidance. All dollar figures are in Canadian dollars unless otherwise noted. Highlights Capital expenditures of approximately $104.5 million. Average annual production of 6,000 to 6,200 boe/d (62% - 65% oil and liquids), which is approximately a 50% increase [Read more]
Trilogy Energy Corp. Announces Receipt of CRA Proposal to Reassess and Intention to Defend
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Trilogy Energy Corp. ("Trilogy") (TSX:TET) announced today that it has received a letter from the Canada Revenue Agency ("CRA") advising Trilogy that, subject to submissions by Trilogy, it is proposing to reassess Trilogy's income tax filings related to its conversion from an income trust to a corporation (the "Conversion") in early 2010. The proposed reassessments seek to disallow certain tax pools in the amount of $728 million. If these tax [Read more]
Artek Exploration Ltd. Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide the following operations update: Late in fourth quarter, 2013 Artek drilled a successful Montney horizontal well from the 10-17-87-23W6M pad in the Inga South area. The well was completed with a total of 31 fracture intervals using a slickwater hybrid frac treatment. After a 140 hour clean up and production test period, the well was flowing at [Read more]