FREDERICTON - New Brunswick Premier David Alward says he has no plans to visit a traditional First Nation longhouse that has been erected across the street from the provincial legislature to protest shale gas exploration. Alward said he doesn't see what would be achieved by meeting with Chief Candice Paul of the St. Mary's First Nation. "Chief Paul has made it quite clear where her position is on resource development and at this point in time I don't see what would be gained," Alward said [Read more]
News
NEB Releases Decision for an Operations Authorization for ConocoPhillips
CALGARY, Oct. 30, 2013 /CNW/ - The National Energy Board (NEB or Board) today released its letter, and terms and conditions to approve ConocoPhillips' application for an Operations Authorization (OA) to drill two wells on Exploration Licence area EL470 near Norman Wells, Northwest Territories. This is the first horizontal fracturing (fracking) authorization in the North issued by the Board. ConocoPhillips first sought approval from the Sahtu Land and Water Board (SLWB) prior to applying to the [Read more]
TransForce exiting the Canadian oil rig moving business to focus on U.S.
MONTREAL - Trucking and courier company TransForce is getting out of the rig-moving business in Canada early next year as it tries to stem losses by focusing on its growing U.S. operations. "It's a tough market; the pricing pressure is very, very hard there on the rig-moving side," CEO Alain Bedard said Wednesday in a conference call to discuss its third-quarter results. The move will reduce annual revenues by up to $25 million but also cut losses. It sold $5 million in equipment in the [Read more]
Athabasca confident on Dover oilsands sale, Duvernay joint venture
CALGARY - Athabasca Oil Corp. says it's optimistic it will be able to sell its stake in the Dover oilsands project to its Chinese partner, despite recent setbacks, as well as land joint-venture deals for some of its other holdings. But, should those efforts fail, the Calgary-based company said Wednesday it is prepared to sharply reduce spending and pursue other measures to stay afloat. On October 18, Alberta's highest court gave an aboriginal group the right to appeal a regulatory decision [Read more]
UPDATE: Trudeau praises Redford’s NATIONAL ENERGY strategy
Speaking at the petroleum club in Calgary, Justin Trudeau praised Alberta Premier Alison Redford's National Energy Strategy. Throughout his speech, the federal Liberal leader slammed Harper and the conservatives for the environment policy and not acting enough on getting Keystone XL approved. Below is a feed of tweets with highlights of the speech: Trudeau touts carbon pricing and tougher regs at Calgary's Petroleum Club. Supports national energy strategy - just don't call it [Read more]
PSAC Releases Hydraulic Fracturing Code of Conduct Along with 2014 Drilling Forecast
CALGARY, Oct. 30, 2013 /CNW/ - After completing an intense program of community engagement over the past six months, the Petroleum Services Association of Canada (PSAC) today released a hydraulic fracturing code of conduct for the Canadian oil and gas service sector. The hydraulic fracturing code of conduct outlines standard practices for sound technical and environmental performance when fracturing a well and defines mutual expectations for working with stakeholders. "Working closely with [Read more]
Trudeau speaks to oil executives in Calgary, slams Harper
CALGARY - Liberal Leader Justin Trudeau used a speech to oil executives Wednesday to blame the federal government's "megaphone diplomacy" for delays in a U.S. decision on the Keystone XL oilsands pipeline.Trudeau told the Calgary Petroleum Club that Stephen Harper's government has failed to come up with a "sensible" national strategy on greenhouse gases and that is damaging Canada's reputation."After eight years here is what the so-called friendliest government the Canadian energy industry has [Read more]
Baytex Reports Record Production and Funds From Operations for Third Quarter 2013
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three and nine months ended September 30, 2013 (all amounts are in Canadian dollars unless otherwise noted). Commenting on the results, James Bowzer, President and Chief Executive Officer, said: "We had an exceptional quarter. We grew production in the third quarter by 3% to over 60,000 boe/d as compared to Q2/2013 and 11% as compared [Read more]
Canadians Back Increased Market Access for Canadian Oil, Poll Says
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Seventy-five per cent of Canadians agree Canada should use domestic oil before using oil from foreign sources, according to a national poll conducted by Ipsos Reid. And Canadians surveyed overwhelmingly support pipelines that will serve Canadian markets, with 80 per cent in favour of moving oil sands crude from Western to Eastern Canada. "Increasing supplies of Canadian crude to eastern Canadian markets will benefit refiners, producers and [Read more]
Athabasca Oil Corporation Reports Third Quarter 2013 Results
CALGARY, Oct. 30, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its third quarter 2013 results. Athabasca has filed its financial statements and management's discussion and analysis for the three and nine month periods ended September 30, 2013. These documents are available on the Company's website www.atha.com and later this morning from SEDAR www.sedar.com. Operations Update Safety in the workplace is a prime focus for Athabasca. The [Read more]