CALGARY, ALBERTA--(Marketwired - July 17, 2013) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) announces the renewal of its banking facilities, operations update and 2013 guidance. RENEWAL OF BANK FACILITIES As a result of the scheduled lending review with its credit provider, the lending limits of its existing banking facilities have been revised to $46.0 million from $50.0 million. The Company's revolving operating facility has been revised to a [Read more]
News
Nexxco Energy Ltd. Announces Appointment of Chairman of the Board, Board Members and Management Team, Closing of Equity Financing and Second Closing Date
CALGARY, ALBERTA--(Marketwired - July 17, 2013) - Nexxco Energy Ltd. Mr. Thomas J. Greschner, President & CEO of a newly formed private junior oil and gas company, Nexxco Energy Ltd. ("Nexxco" or the "Company"), is pleased to announce the appointment of Mr. John Swendsen as Chairman of the Board, effective immediately. Mr. Swendsen is currently Vice Chairman, Corporate and Investment Banking with National Bank of Canada in Calgary. Mr. Swendsen's current role with National Bank involves [Read more]
Environmentalists fire latest salvo in battle against Keystone XL
WASHINGTON (AP) - Another year, another allegation of conflict of interest regarding TransCanada's Keystone XL pipeline — this time in a lawsuit by Friends of the Earth that alleges close ties between the Obama administration and lobbyists for the project.The environmental group is accusing the State Department of stonewalling its attempts to get more information about the connections between TransCanada lobbyists, the province of Alberta and high-ranking officials in the Obama administration [Read more]
New Brunswick premier: don’t worry about shale gas work in wetlands
FREDERICTON - An environmental group in New Brunswick is raising concerns about the provincial government's decision to allow seismic testing in wetlands by an energy company, but Premier David Alward says environmentalists have nothing to fear.Alward said in an interview Wednesday that provincial regulations will protect the environment from shale gas exploration."I have full confidence that the industry will be responsible and that we are putting in place, and have put in place the [Read more]
Man dies after being struck by piece of pipe at Alberta gas plant
HINTON, Alta. - A man has been killed in an accident at the site of a gas plant in west-central Alberta.The death happened Tuesday, about 80 kilometres northeast of Hinton.RCMP say the 32-year-old Hinton resident had been working as part of a pipeline crew when he was struck by a large piece of pipe.The victim died at the scene.His name has not been released.An autopsy is scheduled and police do not consider the death suspicious. [Read more]
Enbridge seeks swift approval of 600 mile Midwest oil pipeline, pitches project at open houses
MARSHALL, Mo. (AP) - A Canadian company's plan to build an oil pipeline that will stretch for hundreds of miles through the Midwest, including through many sensitive waterways, is quietly on the fast-track to approval — just not the one you're thinking of.As the Keystone XL pipeline remains mired in the national debate over environmental safety and climate change, another company, Enbridge Inc. of Calgary, Alberta, is hoping to begin construction early next month on a 600-mile-long pipeline that [Read more]
Connacher Provides Second Quarter 2013 Operational Update
CALGARY, July 16, 2013 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") is pleased to provide the following operational update for Q2 2013 and confirms the timing of its Q2 2013 conference call and call-in details. Production Connacher's production for Q2 2013 averaged 11,500 bbl/d based on field estimates. Production was 7% lower than the prior quarter (Q1 2013 12,406 bbl/d) due to planned interruptions associated with steam generator upgrades completed at Algar [Read more]
Inter Pipeline Fund Announces $500 Million Medium-Term Note Offering
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has agreed to issue $500 million of senior unsecured medium-term notes in the Canadian public debt market. The notes will have a fixed interest rate of 3.448% per annum, payable semi-annually and will mature on July 20, 2020. The offering is expected to [Read more]
Raging River Exploration Inc. Provides Operational Update and Increased 2013 Guidance
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) is pleased to announce an update on the Company's operations and increased 2013 production guidance. PRODUCTION UPDATE Even though second quarter capital expenditures were significantly less than anticipated cash flow, the forward planning by the Raging River team resulted in production for the second quarter being maintained at first quarter levels. Based [Read more]
Prentice to First Nations: seize resource opportunities before it’s too late
OTTAWA - One of Stephen Harper's former cabinet ministers is urging First Nations to seize the "incredible opportunities" in the energy and natural resource sectors before they get left behind.Jim Prentice, who left government to become a top banking executive, said Tuesday that aboriginal peoples in this country now have the chance to cash in on a once-in-a-lifetime opportunity — but the clock is ticking."They will need to seize that opportunity and use the so-called duty-to-consult [Read more]