FREDERICTON - Alberta Premier Alison Redford will meet her New Brunswick counterpart next week as the two try to drum up support for the west-east pipeline project. Redford will meet David Alward next Friday to discuss the proposed development, which would ship oilsands crude from Alberta to the East Coast if it goes ahead. She will also tour the Irving Oil refinery in Saint John, the largest refinery in Canada, and speak to the city's board of trade. Her trip comes after [Read more]
News
BMO Provincial Business Report: Low Taxes and Natural Resources Fuel Optimism Among Alberta Business Owners
CALGARY, ALBERTA--(Marketwired - May 31, 2013) - Business owners in Alberta, despite having a mixed outlook on the Canadian economy, are upbeat about their province's prospects for growth. The findings are part of a BMO poll of Alberta business owners, conducted by Pollara, to determine what local entrepreneurs see as the competitive advantage of doing business in their province. It revealed: 19 per cent cite the strength of the local economy as the main advantage to doing business in [Read more]
OPEC oil ministers keep crude output target at 30 million barrels a day
VIENNA (AP) - OPEC oil ministers reached quick agreement Friday on keeping output targets steady but deferred solutions on how to deal with surging U.S. shale oil production and internal rivalries denting the organization's image of unity. The 12-nation oil cartel's decision on keeping the status quo on production of 30 million barrels a day was expected. The price for internationally traded benchmark oil is over $100 barrels a day, level most OPEC countries are happy with. That's not the [Read more]
Iran says sanctions not affecting oil production
VIENNA — Iran’s oil minister shrugged off the effects of sanctions on its oil industry on Friday, claiming that a drop in crude exports was being made up for by international sales of gasoline and other refined products. Oil Minister Rostam Ghasemi spoke Friday ahead of an OPEC meeting held amid new challenges threatening both the organization’s unity and its traditional role as the world heavyweight in determining prices and supplies. The meeting is formally focused on how much [Read more]
Diaz Announces Q1 2013 Financial Results
CALGARY, ALBERTA--(Marketwired - May 31, 2013) - Diaz Resources Ltd. (TSX VENTURE:DZR) ("Diaz" or the "Company") announces that it has filed its interim Financial Statements and MD&A for the three months ended March 31, 2013 on SEDAR. During the quarter, Diaz's production increased to 382 BOEd from 302 BOEd in Q4 2012 due to the Company's shut-in shallow natural gas wells being placed back on production. The Company did not participate in drilling any new wells during the quarter due to a [Read more]
Tuscany Announces Q1 2013 Results
CALGARY, ALBERTA--(Marketwired - May 31, 2013) - Tuscany Energy Ltd. (TSX VENTURE:TUS) ("Tuscany" or the "Company") announces that it has filed on SEDAR its Interim Financial Statements and MD&A for the three months ended March 31, 2013. During the first quarter of 2013, low heavy oil prices resulted in Tuscany: restricting drilling related capital expenditures focusing on increasing water handling capacity at its existing oil pools maintaining production by adding high capacity [Read more]
Wall says energy growth crucial for Canada and Saskatchewan
REGINA - Saskatchewan Premier Brad Wall put on his sales cap at his annual premier`s dinner, giving a rousing speech to more than 2,000 supporters. Wall says Saskatchewan needs to be ready to move its energy to the east and west coasts, as well as the rest of the world. Wall used the address to promote economic growth for the province and his vision of Canada as an energy super-power. Wall says the point is not to gain money or prominence, it`s about helping people. He says [Read more]
OPEC to meet amid Iran-Saudi tensions
VIENNA - Once the symbol of oil dominance, OPEC faces new challenges as its members gather for a ministerial meeting this week on how much crude to pump.For the 12 oil ministers from countries ranging from Venezuela to Nigeria and Iran, the formal focus of Friday's get-together is to determine production levels. The consensus in the markets is that ministers will opt to maintain the status quo as prices for U.S. benchmark oil have traded in a narrow range a few dollars above $90 a [Read more]
Crocotta Energy Announces Private Placement of Up to $20 Million of Flow-Through Shares
CALGARY, ALBERTA--(Marketwired - May 31, 2013) - CROCOTTA ENERGY INC. (TSX:CTA) ("Crocotta" or the "Company") is pleased to announce a non-brokered private placement of up to 3,650,000 common shares in the capital of the Company ("Common Shares") to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) in respect of Canadian exploration expenses ("CEE") at a price of $3.70 per share and 1,860,000 Common Shares to be issued on a "flow-through" basis pursuant to the Income [Read more]
SilverWillow Energy Corporation announces Philip Aldred’s retirement
CALGARY, May 31, 2013 /CNW/ - SilverWillow Energy Corporation (TSXV:SWE) announces the retirement of Mr. Philip Aldred, Vice President, Resources. Throughout his career, Mr. Aldred has enjoyed more than thirty years with a variety of energy companies and has been with his current colleagues since 2006. "Phil has been a key part of the management team at SilverWillow and our predecessor companies and we have greatly appreciated his personal and professional contributions," said Howard Lutley, [Read more]