We interviewed the Canadian Association of Petroleum Producers Manager, Natural Gas Strategy and Advocacy, Aaron Miller. The topics of discussion were: who needs Canada's natural gas, and where/how do we get our product to market? Press the 'play button' to listen: [Read More…]
Headlines
Natural gas storage drops 127 Bcf
February 8: 2,527 Bcf February 15: 2,400 Bcf Change: -127 Bcf [table] [attr style="width: 25%"]`[attr style="width: 25%"]February 15`[attr style="width: 25%"]February 8`[attr style="width: 25%"]Change East`1,108`1,187`-79 West`367`380`-13 Producing`925`960`-35 Total`2,400`2,527`-127 [/table] Source: EIA [Read More…]
Imperial Oil Limited Appoints Chairman and Chief Executive Officer
CALGARY , Feb. 21, 2013 /CNW/ - The board of directors of Imperial Oil Limited is pleased to announce the appointment of R.M. (Rich) Kruger as chairman, president and chief executive officer effective March 1 . Mr. Kruger , currently president of ExxonMobil Production Company, succeeds B.H. (Bruce) March, who has been appointed senior vice president of global operations for ExxonMobil Chemical Company. "We would like to thank Mr. March for his leadership and vision over the past five [Read More…]
Crew Energy Inc.- Announces 2012 Year End Reserves
CALGARY, ALBERTA--(Marketwire - Feb 21, 2013) - Crew Energy Inc. (CR.TO) of Calgary, Alberta ("Crew" or the "Company") is pleased to announce the results of its independent reserve evaluation for the year ended December 31, 2012 as prepared by Sproule Associates Ltd. ("Sproule"). 2012 HIGHLIGHTS Achieved all-in finding, development and acquisition ("FD&A") costs of $8.17 per boe on proved plus probable reserves, including changes in future development costs, resulting in a recycle [Read More…]
Bellatrix Exploration Announces Material Reserves Increases (up 54%) Posting $6.95/boe Finding and Development Costs
TSX: BXE CALGARY, Feb. 21, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") announces the results of an independent reserve evaluation effective December 31, 2012. The report was completed by Sproule Associates Limited ("Sproule"). The evaluation encompasses 100% of Bellatrix's oil and gas properties and was prepared in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). Bellatrix benefitted from the largest [Read More…]
Celtic Announces Investment Canada Approval of Proposed Acquisition by ExxonMobil Canada Ltd.
CALGARY, ALBERTA--(Marketwire - Feb. 20, 2013) - Celtic Exploration Ltd. ("Celtic") (CLT.TO) is pleased to announce that under the terms of the Investment Canada Act, the Minister of Industry has approved the proposed acquisition of Celtic by a subsidiary of ExxonMobil Canada Ltd. ("ExxonMobil Canada"). No further regulatory approvals are required. The proposed acquisition of Celtic by ExxonMobil Canada is to be carried out by way of a plan of arrangement under the Business Corporations Act [Read More…]
Zargon Oil & Gas Ltd. Sanctions Little Bow ASP Tertiary Recovery Project Construction, Provides an Operational Update, Provides 2013 Guidance and Releases 2012 Year End Reserves
CALGARY, ALBERTA--(Marketwire - Feb. 20, 2013) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR) (TSX:ZAR.DB) is pleased to announce the sanctioning of the construction of the Little Bow Alkaline Surfactant Polymer ("ASP") tertiary recovery facility, provide an operational update, provide 2013 guidance and report its 2012 year end reserves. Zargon intends to release its 2012 audited financial results on March 12, 2013, after market close. LITTLE BOW ASP PROJECT [Read More…]
TriOil Provides Clarification Regarding Shareholder Rights Plan and Strategic Process
CALGARY, Feb. 20, 2013 /CNW/ - (TSXV:TOL.V ) TriOil Resources Ltd. ("TriOil" or the "Corporation"), in reply to shareholder inquires, wishes to clarify that the timing of shareholder approval for the recently adopted shareholder rights plan (the "Rights Plan") does not impact upon the timing of the strategic alternatives process being undertaken by the Corporation. As indicated in the Corporation's February 19, 2013 press release, the independent committee of directors (the "Special [Read More…]
Class action lawsuits totaling $702 million filed against National Bank over Poseidon
TORONTO - Two class-action lawsuits seeking damages totaling $702 million have been filed against National Bank of Canada (TSX:NA) over the financial reporting of Poseidon Concepts Corp. (TSX:PSN). The lawsuits, which were filed with the Ontario Superior Court of Justice, name National Bank and its underwriters and allege the defendants of misrepresenting the value of the oilfield services company's securities. None of these allegations have been proven in court. Last week, [Read More…]
Crude oil prices drop, stocks retreat from 5-year high
NEW YORK, N.Y. - The price of oil fell Wednesday, as a drop in metals commodities overflowed to crude markets and stocks retreated from five-year highs. Benchmark West Texas Intermediate crude for April delivery dropped $2.14, or 2.2 per cent, to $94.96 a barrel in midday trading on the New York Mercantile Exchange. Brent crude, used to price many international varieties of oil imported by U.S. refineries, fell $1.54 to US$115.98 a barrel in London. The stock market backed off on [Read More…]
