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]
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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]
Statoil Canada and PTTEP Canada Limited donate $1million to Calgary and area flood relief
CALGARY, June 26, 2013 /CNW/ - Following the worst flooding in Alberta's history, Statoil Canada Ltd., a subsidiary of Norwegian energy company, Statoil ASA, and PTTEP Canada Limited, a subsidiary of Thailand-based PTT Exploration and Production Public Company Limited (PTTEP), will donate CDN$1-million (CDN$500,000 each) to the Canadian Red Cross to help residents affected by the flooding in Calgary and other communities in Southern Alberta. "Our thoughts are with everyone affected by this [Read more]
BlackPearl Defers Establishment of Term Loan Facility for Its Onion Lake Thermal Project Due to Volatile Debt Markets
CALGARY, ALBERTA--(Marketwired - June 25, 2013) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) announced today that, due to recent volatility in the debt capital markets, it has decided not to proceed with its proposed US$350 million second-lien senior secured term loan facility at this time. The Company will re-evaluate its financing options when capital markets stabilize. Construction of the Onion Lake thermal enhanced oil recovery project will be deferred [Read more]
Pipeline to 2015: energy, deficit fight expected themes for PM’s fall agenda
By Jennifer Ditchburn OTTAWA - While Barack Obama unveils a major new climate-change strategy in the United States, Stephen Harper is expected to make natural resources one of his key agenda items this fall.Both Obama and Harper have faced difficult springs politically — Obama with the controversy over federal spying and the taxman targeting right-wing groups, and Harper with a Senate spending scandal.But the two leaders appear to be taking contrasting approaches to turning the [Read more]
Enbridge says spill from Line 37 near Fort McMurray, Alta., is being cleaned up
CALGARY - A clean up is underway on the oil spill from Enbridge's Line 37 in an area southeast of Fort McMurray, Alta and the next stage will be to repair the pipeline itself, the company said Tuesday.Enbridge (TSX:ENB) said it anticipates as many as 75 workers would be on site Tuesday and the number will vary in the coming days."The site is very wet due to heavy rains and surface water is running down the slope to a small creek that discharges into an unnamed lake," company spokesman [Read more]
Pennwest crews pump water, dig soil at spill site in northern Alberta
LITTLE BUFFALO, Alta. - Crews were digging up muskeg and pumping out contaminated waste water Tuesday in an effort to clean up a pipeline spill in northern Alberta near several aboriginal communities."Our focus right now is on aggressive action to contain, collect and mitigate the effects of the release," said Greg Moffatt of Calgary-based PennWest Exploration (TSX:PWT), which owns the pipeline near Little Buffalo.Initial reports last week that the spill involved 5,000 litres of oil [Read more]
Official: Obama to say Keystone XL should be OK’d only if no emissions increase
WASHINGTON - A White House official says President Barack Obama is telling the State Department it should not approve the Keystone XL pipeline unless it is sure the project will not increase greenhouse gas emissions.Obama will make the announcement Tuesday in a speech on his climate change plan at Georgetown University.That's according to a senior White House official, who was not authorized to discuss the announcement by name ahead of Obama's speech and spoke on condition of [Read more]
Canadian Natural Updates Status of Its Operations Following Southern Alberta Floods and Related Financial Support to Flood Relief Efforts
CALGARY, ALBERTA--(Marketwired - June 25, 2013) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) - "The flooding events in Calgary and surrounding communities are certainly unprecedented in Alberta and have caused significant disruption to families and our city. First, our deepest sympathies go out to all those whose homes have been impacted by the flooding," commented Steve Laut, President. He continued "Our field operations remain stable and operational with very minor impact. [Read more]