A Canadian Taxpayers Federation Report by Derek Fildebrandt: Using Freedom of Information requests, the Canadian Taxpayers Federation (CTF) has uncovered documents (Part 1, Part 2, Part 3and Part 4) showing that the City of Calgary has provided $340,656 to an environmentalist advocacy group/think tank, the Pembina Institute. A majority of the taxpayer funding was to support ‘professional fees’ for communications, disbursements, greenhouse gas offsets and preparing reports. What these [Read more]
News
Marquee Energy Ltd. announces changes to management team
CALGARY, Sept. 6, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce certain changes to its management team. Consistent with Marquee's pursuit of being a technically driven operational leader, the Company is pleased to announce: Mr. Sam Yip, who has been a key executive member since joining Marquee in March 2012, has been appointed as Vice President, Engineering. Mr. Yip was most recently Vice President, Heavy Oil for Marquee and will now be [Read more]
Oil tops $110 as jobs data ups hopes of continued Fed stimulus, Putin backs Syria
NEW YORK (AP) - The price of oil topped US$110 a barrel Friday as Russian President Vladimir Putin said his country will continue helping Syria even if it comes under attack.U.S. economic news also gave a boost to oil as the latest jobs data fuelled expectations that the Federal Reserve will keep its economic stimulus measures in place longer than expected.Benchmark West Texas Intermediate crude for October delivery rose $1.92, or 1.8 per cent, to US$110.29 a barrel in afternoon trading on the [Read more]
REPORT: KNOC to sell Harvest
Financial Times is reporting Korea National Oil Corporation (KNOC) is seeking to sell 'lossmaking' Harvest Operations. According to reports, KNOC's CEO told reporters: We’ve made an internal decision to sell the Canadian company as its losses become bigger amid lower oil prices in North America...We are also looking into other foreign assets and seeking various ways to dispose of unprofitable assets. The move comes amid a slew of property sales in the western Canadian oilpatch. [Read more]
Calfrac buying Texas-focused company for$147M
CALGARY - Calfrac Well Services Ltd. says it will spend US$147 million to buy Mission Well Services LLC, a privately held hydraulic fracturing and coiled tubing services provider focused in Texas.Calgary-based Calfrac said Friday that the purchase includes about $7 million of working capital associated with the ongoing operations of the business.It also notes that the purchase will pre-empt a portion of its 2014 capital expenditure program, which is expected to include similar equipment.The deal [Read more]
Environmentalists say Alberta government keeping them out of oilsands hearing
EDMONTON - Alberta environmentalists argued in court Thursday that the provincial government is keeping them out of hearings on a proposed oilsands development at least partly because of their concerns about the industry.The accusation emerged in court documents filed in support of the Oilsands Environmental Coalition's bid to have a judge overturn a decision by Alberta Environment's northern region director denying the coalition the chance to present its concerns in hearings on a [Read more]
The Fort McKay First Nation Seeks Permission to Appeal the Dover Commercial Project Approval
CALGARY, Sept. 5, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) (Athabasca or AOC) reports the Fort McKay First Nation seeks permission to appeal the Dover Commercial Project approval. As previously reported, on August 6, 2013 the Alberta Energy Regulator (AER) approved the Dover Commercial Project noting that "the Project represents an economic opportunity, not only for Dover but also for Alberta, and will have a positive impact on the Province's economy". The Fort McKay First Nation [Read more]
Oil rises as U.S. economy improves
BANGKOK (AP) - Oil rose Thursday after new U.S. indicators underlined a modest recovery in the world's biggest economy.Benchmark oil for October delivery was up 72 cents to US$107.95 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell Wednesday by $1.31, or 1.2 per cent, to close at $107.23 a barrel on the Nymex.A jump in U.S. auto sales helped brighten the outlook for oil consumption. General Motors and other U.S. carmakers posted strong [Read more]
Sure Energy Inc. and Tamarack Valley Energy Ltd. Announce Closing of $25 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Sept. 5, 2013) - NOT FOR DISTRIBUTON TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sure Energy Inc. (TSX:SHR) ("Sure Energy") and Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) are pleased to announce that, further to their joint news release on August 20, 2013, Sure Energy has completed a bought deal private placement offering of 96,200,000 subscription receipts ("Subscription Receipts") at a price [Read more]
Altima Places Chambers, Alberta 15-35-41-11 W5M Well On-Stream and Updates 14-15-41-11 W5M Pipeline and Facilities Construction
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 5, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH) (FRANKFURT:AKC) (PINKSHEETS:ARSLF) announces Altima and its joint venture partner Whistler Oil and Gas Pty. Ltd., have reached a milestone in their Chambers Alberta operations, by initiating natural gas and gas condensate sales from the 15-35-41-11W5M well. During the last month, the pipeline and production facilities were completed connecting the 14 -35 well into Altima's 6.4 kilometer pipeline [Read more]