CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX) (OMX:PXXS) is pleased to announce its financial and operating results for the three and six months ended June 30, 2013. Second quarter highlights include: Oil and gas production for the quarter averaged 9,986 boe/day, a 10% increase compared to Q1; Cash flow from operations was $22.8 million, a 15% increase from a [Read more]
News
No More Spills? New Technology Could Transform the Pipeline Sector
The 2010 Kalamazoo spill and the 2013 Exxon leak in Arkansas are the most glaring incidents, but these are just the big leaks that are found right away and reported. Most leaks are found eventually—but there is money to be saved and damage to be avoided by catching them at the smallest rupture. Right now, we rely on pigs in the pipeline to do this. It's called "pigging". Pigs are inspection gauges that can perform various maintenance operations on a pipeline—from inspection to [Read more]
West-east pipeline benefits Canada: Harper
SAINT JOHN, N.B. - The proposed Energy East Pipeline isn't solely to transport Alberta's crude to world markets, but also to finally provide the East Coast with a large, secure supply of domestic oil, Prime Minister Stephen Harper said Thursday.Harper was visiting the Irving Oil refinery in Saint John, where he said the TransCanada (TSX:TRP) pipeline would benefit consumers in Atlantic Canada, a region that depends on foreign sources of oil."We're not just expanding our markets for our [Read more]
Inter Pipeline Fund Announces Transportation Agreement for Canadian Natural Resources Kirby South Oil Sands Project
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has entered into a long term agreement with Canadian Natural Resources ("CNR") to transport diluent and bitumen blend for the Kirby South oil sands project. Approximately $95 million in pipeline and associated facilities have been constructed to connect the Kirby South production site to the Cold Lake pipeline system. Under the terms of the agreement, CNR has [Read more]
Oil helps keep Saskatchewan budget in black as potash and other revenues fall
REGINA - Falling revenue from potash, taxes and Crown land sales is hitting Saskatchewan's bottom line, but more oil money is keeping the books in the black so far.The Saskatchewan government said in its first-quarter budget update that stronger oil prices are expected to increase revenue by $92 million. But revenue from Crown land sales is forecast to drop $45.6 million, potash revenue is expected to be down $21.3 million and tax revenue looks to fall by $15 million from March budget [Read more]
Analyst: LNG-powered vehicles in China to rise tenfold by 2020
SINGAPORE (AP) — The number of vehicles fueled by liquefied natural gas in China will rise tenfold to 800,000 by 2020, according to Sanford C. Bernstein & Co. The need for LNG to power the vehicles will increase to 18 billion cubic meters, from 1.8 billion last year, Neil Beveridge, a Hong Kong-based analyst at Bernstein, said in a report Monday. “While there are some minor government policies to encourage conversion to use LNG, we feel that one important incentive is interest-free loans [Read more]
Angle Energy Inc. Announces 2013 Second Quarter Results and Updates 2013 Full-Year Guidance
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Angle Energy Inc. ("Angle" or the "Company") (TSX:NGL) today announced the financial and operating results for the three and six months ended June 30, 2013. Angle reported strong earnings of $6.9 million for the second quarter of 2013 or $0.09 per share, an increase of approximately $4.5 million or 190% over the same period of 2012. The improvement is primarily a result of increased realized commodity prices and gains related to the sale of minor [Read more]
Imperial and ExxonMobil Canada Acquire ConocoPhillips’ Interest in Clyden Oil Sands Lease
226,000 gross acres amenable to SAGD recovery Acreage is near Imperial's Corner lease holdings Transaction subject to federal Competition Bureau review CALGARY, Aug. 8, 2013 /CNW/ - Imperial Oil and ExxonMobil Canada have acquired ConocoPhillips' interest in the Clyden oil sands lease, 150 kilometres south of Fort McMurray, Alberta. The Clyden lease is near Imperial's Corner lease holdings and contains 226,000 gross acres amenable to the in-situ recovery technique called Steam-Assisted [Read more]
Penn West Exploration Announces its Financial Results for the Second Quarter Ended June 30, 2013
CALGARY, Aug. 8, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST" or the "COMPANY") is pleased to announce its results for the second quarter ended June 30, 2013. All figures are in Canadian dollars unless otherwise stated. Three months ended June 30 Six months ended June 30 2013 2012 % change 2013 2012 % change Financial (millions, except per share [Read more]
Bellatrix Exploration Ltd. Announces Second Quarter 2013 Financial Results
CALGARY, Aug. 8, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three and six months ended June 30, 2013. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the [Read more]