CALGARY, Jan. 8, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC – TSX; "Connacher" or the "Company") announces that in light of the current low commodity price environment, the Company will accelerate planned maintenance at Great Divide. The Company plans to reduce output over the next couple of months by approximately 3,000 barrels of bitumen per day as this work progresses. The Company will advise if further production decreases become necessary. About Connacher Connacher is a [Read more]
Headlines
Baker Hughes Announces December 2015 Rig Counts
HOUSTON, Jan. 8, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2015 was 1,095, down 14 from the 1,109 counted in November 2015, and down 218 from the 1,313 counted in December 2014. The international offshore rig count for December 2015 was 250, down 9 from the 259 counted in November 2015, and down 88 from the 338 counted in December 2014. The average U.S. rig count for December 2015 was 714, down 46 from the 760 [Read more]
Energy on the table as Alberta and Manitoba premiers meet in Winnipeg
WINNIPEG - Energy is on the table as Western Canada's two NDP premiers meet today in Winnipeg.Manitoba Premier Greg Selinger and Alberta Premier Rachel Notley are set to discuss issues such as energy infrastructure, renewable energy and climate change priorities.Last month, Selinger promised to cut greenhouse gas emissions by one-third in the next 15 years and bring in a cap-and-trade system for the province's 20 largest emitters to help meet that goal.The government promised to create 6,000 [Read more]
3MV Energy Announces Resignation from Board of Directors
CALGARY, Jan. 7, 2016 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) announces that Jason Brooks, effective immediately has resigned as a Director of the Company. The Board would like to thank Mr. Brooks for his service to the Company. [Read more]
NEB approves LNG Canada export licence
CALGARY, Jan. 7, 2016 /CNW/ - The National Energy Board (NEB) has approved the application of LNG Canada Development Inc. (LNG Canada) for a 40-year natural gas export licence with a maximum term quantity of 1494 billion cubic metres1. The issuance of this licence is subject to the approval of the Governor in Council. This is the first 40-year natural gas export licence approved by the NEB since the amendment to the National Energy Board Act in June 2015 as well as the corresponding [Read more]
Anderson Energy Postpones Special Meeting of Its Debentureholders to January 18, 2016
CALGARY, ALBERTA--(Marketwired - Jan. 7, 2016) - Anderson Energy Inc. ("Anderson" or the "Company") (TSX:AXL) announces that the special meeting of the holders of 7.50% Series A convertible unsecured subordinated debentures due January 31, 2016 (the "Series A Debentures") and holders of 7.25% Series B convertible unsecured subordinated debentures due June 30, 2017 (the "Series B Debentures", and together with the Series A Debentures, the "Debentures") scheduled for January 11, 2016 has been [Read more]
TransCanada NAFTA challenge could break U.S. winning streak, experts say
CALGARY - As TransCanada prepares to launch a trade challenge over the rejection of the Keystone XL pipeline, the U.S. track record in similar disputes may not appear very encouraging for the Calgary-based company.TransCanada itself acknowledges that the U.S. has never lost a claim under the North American Free Trade Agreement, but has decided it's the right move after a "careful evaluation."Experts say the U.S. winning streak is no reason to discount TransCanada's chances.TransCanada (TSX:TRP) [Read more]
Action plan needed to attract investment to Alberta’s energy sector says Wildrose
In a recent press release, the Alberta Wildrose party called for a better economic plan on the part of the provincial NDP government to deal with falling oil prices. As markets opened on Thursday, West Texas Intermediate (WTI) was selling at $32.10, with Western Canadian Select (WCS) selling below $20 per barrel. Wildrose Leader Brian Jean said while the NDP doesn’t control the price of oil, their ideological and aggressive actions have made a bad situation even worse. “Alberta is now [Read more]
Gear Energy initiates process to divest all its British Columbia assets
Gear Energy Ltd., a focused heavy oil producer in Alberta and Saskatchewan is initiating a process to divest all of its assets in British Columbia Highlights include: Production of ~50 boe/d (Nov 15) Approximately 75 km2 proprietary 3D seismic (prepared to sell separately) Approximately 10,500 net total hectares (8,500 undeveloped, 2,000 developed) No tenure issues for 2016 or 2017 Draft GLJ 2015 reserve report Positive Liability Rating Upside opportunities identified Land [Read more]
Saturn Minerals Inc. Announces Drilling of Bannock Creek Oil Exploration Well
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 7, 2016) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that further to the Company's news release dated December 14, 2015, the Bannock Creek property ground conditions have enabled the Company to move a rig and crew to the property. The oil exploration well 9A-5-44-8w2 ("9A-5") has now been spudded and drilling is underway. Saturn has contracted with North Rim Exploration Ltd. and [Read more]