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]
Headlines
Suncor Energy reminds Canadian Oil Sands shareholders to tender shares before offer expiry at 6:00 p.m. MT (8:00 p.m. ET) Friday, January 8, 2016
CALGARY, ALBERTA--(Marketwired - Jan. 7, 2016) - Suncor Energy today reminded Canadian Oil Sands Limited ("COS") shareholders that its offer will expire at 6:00 p.m. MT (8:00 p.m. ET) on Friday, January 8, 2016. Suncor urges COS shareholders to tender their shares to receive a significant premium, a dividend increase and the value of becoming a Suncor shareholder, particularly in an expected lower for longer oil price environment. "Time is running out for Canadian Oil Sands shareholders to [Read more]
Crescent Point Energy Announces 2016 Capital Expenditures Plans
CALGARY, ALBERTA--(Marketwired - Jan. 7, 2016) - (All financial figures are approximate and in Canadian dollars unless otherwise noted) Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce its capital expenditures plans for 2016. Crescent Point expects to spend between $950 million and $1.3 billion to target an annual average production range of 165,000 boe/d to 172,000 boe/d in 2016. This represents an average production increase of [Read more]
Yangarra Provides Operations Update
CALGARY, Jan. 7, 2016 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) provides an operations update. Fourth quarter 2015 production is estimated to be 2,600 boe/d, with two new wells (one 1.0 mile and one 1.5 mile) expected to be on-stream in January once mandatory static gradients are performed. Yangarra's strong gross profit ("GP") margins from operations (77% GP, Q3 2015) continue despite the low commodity prices. Cash flow netbacks for Q3 were $20.89/boe. The [Read more]
Cleanup efforts continue after leak from Newfoundland oil refinery
COME BY CHANCE, N.L. - Officials at Newfoundland's Come by Chance oil refinery are investigating the cause of a leak into Placentia Bay this week.Jamie Beach, the refinery's vice president of health, safety and the environment, says they don't believe the "oily product" had been leaking into the water long before it was discovered.The company says the spill was discovered Monday by an operations team at the dock, which found a broken section of pipeline and immediately deployed a containment [Read more]
California governor declares state of emergency over huge gas leak in Los Angeles neighbourhood
LOS ANGELES - California Gov. Jerry Brown declared a state of emergency Wednesday over a massive natural-gas leak that has been spewing fumes into a Los Angeles neighbourhood for months.In a statement, Brown said he acted based on the requests of local residents in the community of Porter Ranch and the "prolonged and continuing" nature of the gas blowout at the underground storage facility.The well, owned by Southern California Gas Co., has been gushing up to 1,200 tons of methane daily, along [Read more]
Key dates in the history of TransCanada’s proposed Keystone XL pipeline
CALGARY - Since TransCanada Corp. first proposed the 1,897-kilometre Keystone XL pipeline, the project has been studied, stalled, slammed and hyped — all amid political pressure from interests on all sides of the debate. In the latest development, TransCanada on Wednesday announced it was launching a lawsuit in U.S. Federal Court alleging President Barack Obama exceeded his power under the U.S. Constitution as well as a claim under the North American Free Trade Agreement -- two actions in [Read more]
DXI Energy December 2015 Production Tops 1000 BOE/d
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 6, 2016) - DXI Energy Inc. (TSX:DXI) (NYSE MKT:DXI) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced record monthly production in December 2015 from its key North American projects. Woodrush Project, NEBC: The Woodrush project currently includes 4 oil wells and 9 natural gas wells with significant [Read more]
TransCanada Commences Legal Actions Following Keystone XL Denial
CALGARY, ALBERTA--(Marketwired - Jan. 6, 2016) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today it has filed a Notice of Intent to initiate a claim under Chapter 11 of the North American Free Trade Agreement (NAFTA) in response to the U.S. Administration's decision to deny a Presidential Permit for the Keystone XL Pipeline on the basis that the denial was arbitrary and unjustified. TransCanada also has filed a lawsuit in the U.S. Federal Court in Houston, Texas, [Read more]
Arsenal Energy Inc. Announces Results of Interim Credit Facility Review
CALGARY, ALBERTA--(Marketwired - Jan. 6, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI)(OTCQX:AEYIF) Arsenal announces that its syndicate of lenders has completed its semi-annual review of the Company's Credit Facility. The lenders have approved a facility of $55.0 million consisting of a $30.0 million conforming Extendible Syndicated Credit Facility, a $10.0 million Extendible Operating Facility and a $15.0 million Supplemental Facility. Arsenal is currently drawn at [Read more]