MONTREAL, Oct. 9, 2013 /CNW Telbec/ - Mr. André Brunelle, President of the Industrial Association for the East ofMontreal (AIEM) reiterated his organization's support for the Line 9B reversal project while at the National Energy Board hearings. According to Mr. Brunelle: "By providing refiners with access to a reliable and lower cost source of oil this project will not only assure their competitiveness and dynamism; it will also maintain thousands of jobs and the economic vitality of Montreal [Read more]
News
Oil dips below $104 after IMF cuts global economic forecast
AMSTERDAM - The head of Greenpeace International has written to Russian President Vladimir Putin requesting a meeting in Moscow — and offering himself as human bail for 30 environmental activists, including two Canadians, being detained in Murmansk, Russia. Kumi Naidoo of the Amsterdam-based organization delivered the letter to the Russian Embassy in The Hague, Netherlands on Wednesday. He said he would guarantee the activists' good conduct but said that piracy charges against them don't [Read more]
Pipeline push begins at National Energy Board hearings
MONTREAL - A pipeline operator has begun arguing its case to send oilsands crude flowing from the Alberta oilpatch to Eastern Canada, in a controversial proposal to reverse the flow on one of its lines.The National Energy Board hearings into the proposal by Enbridge Inc. have gotten underway at a time when Canada is struggling to find ways to ship Alberta bitumen to foreign markets amid stiff opposition fuelled by safety and environmental concerns.Representatives for Enbridge made their case in [Read more]
Southern Pacific Provides September Operational Update
CALGARY, ALBERTA--(Marketwired - Oct. 8, 2013) - Southern Pacific Resource Corp. (TSX:STP) ("Southern Pacific" or the "Company") today provided an operational update for the month of September 2013 with respect to the Company's STP-McKay and STP-Senlac thermal projects. Total Corporate Production Total Company production, which includes bitumen production from STP-McKay and heavy oil from STP-Senlac, averaged 5,042 bbl/d ("barrels of oil per day") for the month of September 2013, representing a [Read more]
Coalition to Reiterate Support for Line 9B Reversal Project at National Energy Board Hearings
MONTREAL, Oct. 8, 2013 /CNW Telbec/ - The Coalition in support of the Line 9B reversal project and its member organizations reiterate their support for the Enbridge project and will participate in the National Energy Board hearings being held in Montreal this week. A key project for Quebec The Line 9B reversal project proposed by Enbridge is essential to Quebec's economy because it will bolster Quebec'spetrochemical industry by providing its refining and petrochemical sectors with a reliable [Read more]
Tourmaline Oil Corp. Announces Closing of Bought Deal Financing Including Exercise in Full of Over-Allotment Option
CALGARY, ALBERTA--(Marketwired - Oct. 8, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed its public offering of 3,450,000 common shares at a price of $41.75 per share, which includes 450,000 common shares issued pursuant to the [Read more]
Billionaire investor Carl Icahn takes on 6 per cent stake in Talisman
CALGARY - Billionaire investor Carl Icahn reveals he has bought more than 61.5 million shares of Talisman Energy Inc. for a 5.97 per cent stake in the Calgary-based oil and gas producer. In a U.S. regulatory filing, his firm says it believes Talisman's assets are "undervalued" and that it intends to have conversations with management about "asset sales or potential corporate restructuring," as well as "the possibility of shareholder board representation." [Read more]
Massive investments suggest BC LNG industry no pipe dream: minister
VANCOUVER - British Columbia's minister of natural gas development says a commitment by a Malaysian national company to build a liquefied natural gas plant in B.C. and investment by other countries suggests the province isn't chasing an LNG pipe dream.Rich Coleman will leave Friday for Malaysia, South Korea and China to promote what he calls B.C.'s competitive advantage when it comes to the LNG industry.Coleman says B.C.'s abundant natural gas supply could provide Asia's needs for 84 years [Read more]
Environmental group says some Albertans want tougher cold heavy oil regulations
PEACE RIVER, Alta. - An environmental group says some Albertans want tougher rules for oilsands producers that operate close to where people live. Ecojustice says some people in northwest Alberta have moved away from their homes because of health concerns about an extraction process called cold heavy oil production. The group made the comments Monday as the Alberta Energy Regulator held a public meeting in Peace River to set the scope for an inquiry that will look into their [Read more]
Shell survey reveals Canadians want more innovation & collaboration in building future energy solutions
Just under seven out of 10 Canadians rate future of energy needs as a very important issue VANCOUVER, Oct. 7, 2013 /CNW/ - The results of a new Shell survey, "Future of Energy" conducted by Ipsos, which identifies key issues and challenges in meeting global energy needs, was released today at Shell's Canadian Innovation Summit in Vancouver. Among the key findings: 68 per cent of Canadians think that the future of energy is a very important issue, and this is higher among women and those [Read more]