CALGARY, ALBERTA--(Marketwired - June 4, 2013) - The Canadian Energy Pipeline Association (CEPA) is pleased to announce a new recommended practice, which demonstrates the firm resolve by the Canadian transmission pipeline industry to continuously improve its performance and to respond to evolving public expectations. The Facility Integrity Management Program Recommended Practice (FIMP) provides guidelines for developing, documenting, and implementing a facilities management program specific to [Read more]
News
Pre-existing Defect a Central Factor in 2012 Pipeline Explosion in British Columbia
GATINEAU, QC, June 4, 2013 /CNW/ - The Transportation Safety Board of Canada (TSB) has concluded in its investigation report (P12H0105) that a pre-existing flaw in the pipe was the primary cause of a Westcoast Energy Inc. pipeline explosion that occurred on 28 June 2012, approximately 40 km northwest of Buick, British Columbia. On 28 June 2012, the 16-inch Nig Creek pipeline ruptured; gas escaping from the ruptured pipeline ignited, and the resulting fire spread to the surrounding forested [Read more]
National Energy Board hosts 2013 Safety Forum focussing on Emerging Issues in Oil and Gas Industry Safety Management
CALGARY, June 4, 2013 /CNW/ - The National Energy Board (NEB or the Board) is taking concrete action to continually improve safety and environmental protection in the energy sector. As a key component of the NEB's Action Plan on Safety and Environmental Protection 2011-2012, the Board will be hosting a forum on the safety of energy infrastructure on June 5 - 6, 2013 in Calgary, Alberta, at the BMO Centre at Stampede Park. This event presents an opportunity to explore emerging practices and [Read more]
Mountain view from Calgary to get even better with opening of new office tower
CALGARY - Fireworks and First Nations dancers were to be part of a lavish ceremony Tuesday to mark the official opening of the largest office building in Calgary and the tallest building west of Toronto. The 58-storey Bow Building was ranked in the top 10 architectural projects of 2012. Work on the structure started in June 2007, and the final cost came in at $1.4 billion. The Bow will house the headquarters for energy giants Encana and Cenovus, among other [Read more]
Offshore BC oil spill equipment obsolete: audit
VANCOUVER - Internal government audits of the Canadian Coast Guard's capacity to monitor and respond to a marine oil spill found a system that was outdated, disorganized and in need of an overhaul. But many of the substantial recommendations in the reports have languished, despite pressure on Ottawa to deal with concerns over a potential increase in oil tanker traffic off the British Columbia coast. Two 2010 audits "each found a number of significant deficiencies in the program's [Read more]
First Mountain Exploration Ltd. announces property acquisition and files Q1 2013 financial results
CALGARY, June 4, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain") (TSX Venture: FMX) is pleased to announce that it has closed the acquisition of certain assets in the Buffalo Atlee area of Alberta (the "Assets") from a private Company for cash consideration of $175,000, before closing adjustments. The effective date of the acquisition was May 1, 2013. The Assets consist of a 50% operating working interest in 2 producing wells and 1,120 gross acres of land. The Assets are [Read more]
Terra Energy Announces Agreement to Sell Montney Assets for $36 Million
CALGARY, ALBERTA--(Marketwired - June 4, 2013) - Terra Energy Corp. (TSX:TT) ("Terra" or the "Company") is pleased to announce that Crew Energy Inc. ("Crew") has exercised the option to purchase the balance of Terra's Montney assets in northeast British Columbia for a purchase price of $36 million. On February 28, 2013, the Company granted Crew an option to acquire the balance of its unconventional Montney assets located in northeast British Columbia for a purchase price of $36 million, [Read more]
Crew Energy Announces Exercise of Option to Purchase Third Tranche of British Columbia Montney Acreage
CALGARY, ALBERTA--(Marketwired - June 4, 2013) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to announce that it has exercised its option to purchase the third tranche of Montney acreage (81 net sections) in northeast British Columbia for a purchase price of $36 million (the "Acquisition"). Crew has the option, 10 days prior to closing, to elect to pay all cash or pay a minimum of $10 million cash with the balance of the consideration payable in common [Read more]
Encana Discloses Environmental, Social and Governance Performance in Annual Corporate Responsibility Report
Report profiles company's efforts in managing risks CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Encana Corporation (TSX:ECA)(NYSE:ECA) has released its 2012 Corporate Responsibility Report, detailing the company's environmental, social and governance (ES&G) performance for the past calendar year. The data in this year's report is structured based on nine overarching ES&G priorities, which the company has identified as key to its success moving forward. Highlights from the [Read more]
Bellatrix says Korean partner fails in JV
CALGARY - Bellatrix Exploration Ltd. said it called off a $300-million joint venture after a South Korean partner failed to meet the closing conditions.The company announced the deal in January which would have seen both sides contribute $150 million for an 83 well project.The South Korean partner was not identified.Bellatrix said it will now consider alternative partners for the proposed Ferrier area Cardium joint venture. [Read more]