CALGARY, ALBERTA--(Marketwired - July 16, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. CROCOTTA ENERGY INC. (TSX:CTA) ("Crocotta") is pleased to announce that it has entered into a syndicated credit facility (the "Facility") with a syndicate of three chartered banks consisting of National Bank of Canada (as Administrative Agent), the Bank of Nova Scotia, and Alberta Treasury Branches and National Bank Financial as [Read more]
News
Cordy Announces Changes to Senior Management
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Cordy Oilfield Services Inc. ("Cordy") (TSX VENTURE:CKK) announces that it has accepted the resignation of Mr. Allen Cameron as the President and a director of Cordy. In addition, Mr. Bob Brunt has resigned as Cordy's Chief Operating Officer. "We would like to take this opportunity to thank Allen and Bob for their time and commitment to Cordy over the past six years," said David Mullen, Cordy's Chief Executive Officer. "We wish them all [Read more]
Suncor oilsands production fully restored following restart of Enbridge pipeline
CALGARY - Suncor Energy Inc. (TSX:SU) said it has fully restored oilsands production, which was disrupted by a precautionary shutdown of an Enbridge regional pipeline system in northern Alberta last month.Suncor said Tuesday it has been ramping up oilsands output since Enbridge (TSX:ENB) restarted the system earlier this month.Enbridge shut down its Athabasca and Waupisoo pipelines — a major part of the network that serves Alberta's oilsands — as a precaution after a June 22 spill from [Read more]
Ivanhoe Receives Letter of Non-Objection from Mikisew Cree First Nation Concerning the Tamarack Project
CALGARY, July 16, 2013 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that it has established a long-term relationship and negotiated a letter of non-objection regarding the Tamarack project with the Mikisew Cree First Nation. Ivanhoe Energy has now successfully secured letters of non-objection from five of the seven stakeholders that filed Statements of Concern (SOC) and continues efforts to resolve the final two SOCs. Ivanhoe Energy is an independent international [Read more]
Suncor Energy returns to full production at oil sands operations
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Suncor Energy reports it has returned to full production at its oil sands operations. Since the restart of the Enbridge regional oil sands pipeline system earlier this month, Suncor has been ramping up its oil sands production as pipeline and storage capacity would allow. On June 24, Suncor announced that as a result of the precautionary shutdown of the Enbridge pipeline system within the Fort McMurray region, it had to reduce production [Read more]
Blackbird Energy Inc. Announces Death of Director David Finn
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 16, 2013) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird") announced today that David Finn, a director of the Company, died suddenly on July 15, 2013. David was appointed to the Blackbird board of directors in November 2009 and had a distinguished career in the oil & gas business for over 30 years. Garth Braun, CEO of Blackbird stated: "We are deeply saddened to announce David's passing. David's wealth of knowledge and [Read more]
Tuscany Energy Ltd. and Diaz Resources Ltd. Announce the Completion of Tuscany’s Acquisition of Diaz and the Consolidation of Tuscany Shares
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) and Diaz Resources Ltd. ("Diaz") (TSX VENTURE:DZR) are pleased to jointly announce that they have completed their previously disclosed business combination (the "Business Combination"). Tuscany has acquired all of the issued and outstanding common shares of Diaz on the basis of 0.31 of a common share of Tuscany ("Tuscany Share") for each one (1) Diaz common share of Diaz ("Diaz Share") pursuant to [Read more]
Oil price moves up to $107 a barrel as traders look to next US crude inventories report
The price of oil moved up to US$107 a barrel Tuesday as investors waited for the next U.S. report on crude and fuel inventories for confirmation that demand is increasing.By early afternoon in Europe, benchmark crude for August delivery was up 69 cents at $107.01 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 37 cents to settle at $106.32 on Monday.Oil is up about 10 per cent so far this month. It has been jolted higher by unexpectedly sharp [Read more]
Advantage Announces Evaluation of Glacier’s Montney Contingent Resources
CALGARY, July 15, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage") engaged Sproule Associates Ltd. ("Sproule") as an independent qualified reserve evaluator to provide an evaluation of the petroleum and natural gas Montney best estimate contingent resources ("2C") and related future net revenue of Advantage's Glacier property as of March 31, 2013("Sproule 2C Contingent Evaluation") in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook ("COGE [Read more]
Relentless Resources Appoints Additional Director and Grants Stock Options
CALGARY, ALBERTA--(Marketwired - July 15, 2013) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) is pleased to announce the appointment of Mr. Murray Frame to the board of directors of the Company (the "Board"). With the addition of Mr. Frame, the Board is now comprised of four members, including Daniel T. Wilson, President and CEO, William C. Macdonald and Thomas W. Robinson, Corporate Secretary. Murray Frame is a geologist with over 40 years of varied [Read more]