PRINCE GEORGE, BRITISH COLUMBIA--(Marketwired - June 27, 2013) - The Yinka Dene Alliance has sent a cease and desist letter and is warning Enbridge against trespassing in their traditional territories as the company seeks temporary permits for drilling and tree removal for its unapproved Northern Gateway pipeline, a project that is opposed by the BC government and more than 60% of British Columbians. The Alliance, whose members' territories make-up 25% of the proposed pipeline route, say that [Read more]
News
Whitecap Resources Inc. Consolidates Working Interests in Its Valhalla and Garrington Light Oil Core Areas, Announces $170Million Financing, Dividend Increase and Provides Increased 2013 Guidance
CALGARY, ALBERTA--(Marketwired - June 27, 2013) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that it has entered into an agreement to purchase certain strategic light oil assets located predominantly in its core Valhalla and Garrington operated areas of Alberta for total consideration of $173.6 million (the "Acquisition"). The Acquisition adds 2,900 boe/d (56 percent oil and NGLs) of high netback, low base decline production (16 percent current [Read more]
Enerplus Sells Non-Core Assets and Maintains Production Guidance
CALGARY, June 27, 2013 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that we have entered into agreements to sell various non-core assets in Canada for gross proceeds of approximately $80 million in order to further improve the focus and concentration within our portfolio. These assets consist primarily of non-operated properties producing approximately 1,000 BOE/day, of which roughly 90% is weighted to crude oil and natural gas liquids. The [Read more]
Bellatrix announces the closing of a $122 million joint venture in the Notikewin/Falher in the Willesden Green area and in the Cardium in the Brazeau area
CALGARY, June 27, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has closed a joint venture (the "Joint Venture") with Grafton Energy Co I Ltd. ("Grafton"), to accelerate development on a portion of Bellatrix's extensive undeveloped land holdings. The Joint Venture is in Willesden Green and Brazeau areas of West-Central Alberta. Under the terms of the agreement, Grafton will contribute 82%, or $100 million, to the $122 [Read more]
Second leak in one month reported on Trans Mountain pipeline
HOPE, B.C. - Another leak has been detected along Kinder Morgan's Trans Mountain pipeline which crosses southern British Columbia carrying petroleum products from Alberta.Kinder Morgan spokesman Andy Galarnyk confirms the line has been shut down as a precaution after a company crew noticed a problem in the Hope area, about 150 kilometres east of Vancouver.Galarnyk says regulatory agencies and local authorities have been notified and the company is following the same procedures used on [Read more]
Canada announces measures to calm public fears over pipeline safety
VANCOUVER - Major pipeline companies will have to show federal regulators that they have access to $1 billion to cover the costs of an oil or gas spill, under new rules aimed at easing public concerns about pipeline safety.Natural Resources Minister Joe Oliver said the federal government will also enshrine in law the "polluter pay" principle for oil and gas pipelines to ensure taxpayers are not left on the hook for cleanup costs."We will ensure that all companies operating pipelines [Read more]
Police arrest protesters at Enbridge pumping station near Hamilton
HAMILTON - Hamilton police have arrested a group of protesters who were occupying a rural Enbridge pumping station.Police say approximately 16 protesters were on site Wednesday and a number of them were arrested early this morning.The exact number of arrests hasn't been released.The protesters had formed a blockade at the Line 9 pumping station in North Westover, located about 30 kilometres northwest of Hamilton, disrupting work there.Enbridge (TSX:ENB) has received partial approval to [Read more]
Suncor Energy announces $1.5 million program in support of flood-relief efforts
CALGARY, ALBERTA--(Marketwired - June 26, 2013) - Suncor Energy today announced a comprehensive $1.5 million program to support flood-relief efforts in Southern Alberta. The funding and program will be administered through the Suncor Energy Foundation (SEF). "While it is devastating to see the damage as a result of the unprecedented flooding, it is heartwarming to see the community rally together," said Steve Williams Suncor president and chief executive officer. "Many of our employees [Read more]
Enbridge Updates Regional Oil Sands System Status
CALGARY, ALBERTA--(Marketwired - June 26, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today confirmed the return to service of the Waupisoo Pipeline (Line 18) between its Cheecham Terminal and Edmonton and provided a further update on the latest status of its Regional Oil Sands System following the release from Line 37 pipeline on June 22nd. The release on Line 37, which connects the Long Lake Oil sands project to Enbridge's Cheecham Terminal, is believed to have resulted from ground [Read more]
Tuscany and Diaz Announce Mailing of Joint Information Circular in Connection With Proposed Business Combination and New Credit Facility
CALGARY, ALBERTA--(Marketwired - June 26, 2013) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) and Diaz Resources Ltd. ("Diaz") (TSX VENTURE:DZR) today announced that they have mailed to shareholders of record as of the close of business on June 7, 2013, a joint information circular and proxy statement (the "Joint Information Circular") and related materials in connection with the annual and special meetings of the holders of common shares of Tuscany and Diaz to be held on July 15, 2013 to, [Read more]