WASHINGTON - Canadian pleas for a swift decision on the Keystone XL pipeline project have certainly been heard this week in Washington. There's little evidence so far, however, that they'll sway D.C. decision-making. There were questions at both the White House and State Department daily briefings Thursday about Foreign Affairs Minister John Baird — a rare distinction for any Canadian politician visiting a capital whose list of priorities is inversely proportional to its attention [Read more]
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Now Neil Young takes aim at Keystone pipeline
CALGARY - Musician Neil Young's latest shot at the energy industry is aimed at the proposed Keystone XL pipeline.Young told a news conference ahead of his Winnipeg concert tonight that the pipeline makes no sense since the oilsands bitumen would be sent to China — a country he says is one of the dirtiest on Earth.He said that, as a Canadian, he doesn't feel good about the proposed project.Young is on a four-city Canadian tour to support an Alberta First Nation that lives downstream from the [Read more]
Athabasca Chipewyan file lawsuit against Shell’s Jackpine oilsands expansion
EDMONTON - A northern Alberta aboriginal band has filed documents asking the Federal Court to overturn the approval of Shell's mammoth Jackpine oilsands mine expansion. It's another in a growing list of legal actions from First Nations opposing how the rapidly growing industry is managed. "The current relationship in Alberta's oilsands with First Nations and government is deteriorating incredibly fast and the reason why is First Nations are asserting themselves as not merely the Indians [Read more]
Baird pushes Obama for Keystone decision
WASHINGTON - Foreign Affairs Minister John Baird used a speech to a business audience on Thursday to press for a quick decision on the Keystone XL pipeline.Speaking just across the street from the White House, Baird said the Obama administration needs to decide soon.He elaborated on a message he delivered yesterday on Capitol Hill, that decision times is here.Baird told the U.S. Chamber of Commerce audience that prime construction weather is approaching and can't be wasted."With the construction [Read more]
Inflammatory Rhetoric a Disservice to First Nations, Oil Sands Industry and Canadian Energy Consumers
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2014) - Canadians need a constructive dialogue about the oil sands and broader energy matters based on the facts - jobs, economic benefits, environmental performance and energy security and reliability - rather than ill-informed opinions and inflammatory rhetoric from protest-anthem rock stars, the Canadian Association of Petroleum Producers said today. "Neil Young's statements this week clearly demonstrate his lack of understanding of the oil sands [Read more]
Neil Young needs to change his tune
Blind to his own hypocritical acts, the aging rock star has become a sanctimonious, cranky old man By Doug Firby CALGARY, AB/ Troy Media/ - For four-and-a-half decades, Neil Young has been on outspoken social commentator, using his craft of rock and roll to critique the failings of U.S. domestic and foreign policy. After four students were gunned down in a confrontation with Ohio police at Kent State University in the late 1960s, he penned the angry song, Ohio, galvanizing the social [Read more]
Aroway Energy Inc. Inks Option Agreement With Major Oil Producer
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2014) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce that it has executed a seismic option agreement with a major independent oil Company (the "Optionor") on 18 sections or portions of sections of freehold land (approximately 8,800 acres) adjoining Aroway's existing land base of 15 sections (9,600 acres) in the Kerrobert area of central Saskatchewan. Pursuant to the Agreement, Aroway [Read more]
Pengrowth Announces $715 Million 2014 Capital Program and Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2014) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to announce that its Board of Directors has approved a $715 million capital budget for 2014, investing $365 million in its Lindbergh thermal oil project and $350 million in its non-thermal assets. Pengrowth is in the final year of its transition to become a sustainable, lower decline, higher cash flowing, oil producer. The company's focus in 2014 will be to: Maintain Pengrowth's [Read more]
Arcan Announces Operations Update and Resignation
CALGARY, ALBERTA--(Marketwired - Jan. 15, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") announces production has been fully restored following two separate third party pipeline outages during December 2013 and January 2014. Arcan has also completed drilling two of the four wells in its winter drilling program and anticipates all four wells will be drilled during its winter program and be on-stream prior to spring break-up. Arcan also announces the resignation [Read more]
Sunshine Oilsands Ltd. Announces Private Placement Financing of HK$76.5 Million of Common Shares and Warrants Under the General Mandate
CALGARY, Alberta, Jan. 15, 2014 /CNW/ - Sunshine Oilsands Ltd. (the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has received funds for and accepted an additional irrevocable subscription agreement (the "New Subscription Agreement") for 45,000,000 units of the Corporation ("Units") at a price of HK$1.70 per Unit (the "Subscription Price") (approximately CDN$0.24 per Unit at current exchange rates) for total gross proceeds of HK$76,500,000 (approximately CDN$10.8 million) [Read more]