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]
News
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]
Cequence Energy announces increased credit facility and current production
CALGARY, May 30, 2013 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: "CQE") is pleased to announce that the aggregate borrowing base under its credit facilities has been increased from $100 million to $125 million pursuant to the terms of a credit amending agreement between Cequence and a syndicate of Canadian chartered banks (the "Lenders"). The Lenders determine the amount of the borrowing base primarily through the Lender's assessment and analysis of the Company's oil and [Read more]
Repairs done on portions of Keystone XL in Texas
(AP) - TransCanada says it is repairing parts of the Keystone XL line in Texas. TransCanada spokesman Shawn Howard says in an email that inspections of the pipeline revealed “small imperfections.” He says nine sections totaling about 81 feet will be repaired. He says 75 percent of the pipeline in Texas is complete. Howard says it will be in operation by late 2013. The 485-mile pipeline currently under construction will carry oil sands crude from a hub in Cushing, Okla., to refineries along [Read more]
Hyperion Exploration Corp. Announces First Quarter March 31, 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 30, 2013) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) is pleased to announce operating results for the quarter ended March 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Hyperion's unaudited financial statements and related management discussion and analysis which will be available for review under Hyperion's SEDAR profile at www.sedar.com. Q1 2013 Financial [Read more]
ATCO Pipelines Signs Agreement With Samson Cree Nation
HOBBEMA, ALBERTA--(Marketwired - May 30, 2013) - Editor's Note: There is a photo associated with this press release. ATCO Pipelines announced today that it has reached an agreement with the Samson Cree Nation that will see the two parties participate on the replacement of a 219 mm (8 inch) pipeline running through the First Nation. This pipeline is a critical piece of a larger network that provides natural gas service to communities between Red Deer and Viking, including Lacombe, [Read more]
Petroleum HR Council of Canada: Workforce Challenges Persist Within the Oil and Gas Industry
Ten-Year Hiring Estimates Between 125,000 to 150,000 Across Canada CALGARY, ALBERTA--(Marketwired - May 30, 2013) - Canada is facing significant challenges in the availability of skills and talent required to meet the workforce needs of Canada's oil and gas industry over the next ten years, according to a report released today by the Petroleum Human Resources Council of Canada. "The Decade Ahead: Labour Market Outlook to 2022 for Canada's Oil and Gas Industry" presents information about the [Read more]