CHARLOTTETOWN - New Brunswick's premier says he's hopeful that U.S. President Barack Obama's rejection of the Keystone XL pipeline will give added impetus to an east-west pipeline that flows to his province.The lengthy saga of the Keystone pipeline ended Friday when Obama called Prime Minister Justin Trudeau to break the news.The U.S. president said the pipeline had become an important symbol — and rejecting it proved the U.S. intends to get serious at the upcoming climate summit in [Read more]
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Gordon Creek Energy: Debenture Update
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2015) - Gordon Creek Energy Inc. (TSX VENTURE:GDN) (the "Company") today announced that it is continuing its efforts to re-finance its existing indebtedness, including the outstanding CAD$10 million series of 15% Gas Linked Debentures that was due October 31, 2015. The Company is also looking to secure additional development financing in order to continue the development of its proved and probable acreage at its Gordon Creek, Utah natural gas field. The [Read more]
Some quotes on the US decision to reject the Keystone XL pipeline project
U.S. President Barack Obama rejected TransCanada Corp.'s proposed Keystone XL pipeline project on Friday. Here is some of the reaction to the decision:"The Canada-U.S. relationship is much bigger than any one project and I look forward to a fresh start with President Obama to strengthen our remarkable ties in a spirit of friendship and co-operation." Prime Minister Justin Trudeau in expressing his disappointment to the decision.———"We both agreed that our close friendship on a whole range of [Read more]
A look at the status of other pipeline projects in Canada
CALGARY - The U.S. government announced Friday it has rejected TransCanada's Keystone XL pipeline, which would have shipped crude from Alberta's oilsands to refineries in Texas.Here is an update on the status of other major pipeline proposals in Canada as well as a look at the amount of oil shipped by rail.Energy East:TransCanada, the same company behind Keystone XL, applied to the National Energy Board in October 2014 to build the Energy East Pipeline. The project aims to ship 1.1 million [Read more]
Canadian Oil Will Find New Paths to American Markets: U.S. Decision to Deny Keystone XL Ignores Pipeline Merits
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2015) - Canadian oil will find new paths to markets and continue to create jobs and wealth for Canadians, despite U.S. President Barack Obama's political decision to deny the Keystone XL permit, the Canadian Association of Petroleum Producers said today. Canada continues to pursue all forms of energy transportation to markets in all directions. This increased market access will create jobs, economic benefits and government revenues by taking [Read more]
No to Keystone disappointing for Canada-U.S. relations: Saskatchewan premier
REGINA - Saskatchewan Premier Brad Wall says rejection of the Keystone XL pipeline is disappointing, not only for the energy sector, but also because of the signal it sends about Canada-U.S. relations.President Barack Obama this morning said no to TransCanada's application to build the pipeline, saying it would not serve U.S. national interests.Obama said the project had an overly inflated role in the political discourse between both countries.Wall says the U.S. administration is putting [Read more]
Groundstar Resources Limited Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2015) - Groundstar Resources Limited ("Groundstar" or the "Company") (TSX VENTURE:GSA) announces that the Company is continuing with its application to the TSX Venture Exchange (the "TSXV") for the trading suspension of the common shares of the Company to be revoked and shares reinstated for trading. As a result of the recent cease trade orders which were implemented against the Company (and which have subsequently been lifted), the [Read more]
Key dates in seven-year history of TransCanada’s Keystone XL pipeline
The Obama administration has rejected TransCanada's application to build the Keystone XL pipeline that would connect Canada's oilsands to Gulf Coast refineries. Here are some key dates in the history of the pipeline proposal:July 2008: TransCanada Corp. (TSX:TRP) and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major extension to the network, dubbed Keystone XL. The new addition is proposed to transport hundreds of thousands of barrels of oilsands bitumen from Alberta to [Read more]
TransCanada CEO Russ Girling responds to U.S. rejection of Keystone pipeline
CALGARY - TransCanada Corp. CEO Russ Girling issued a statement Friday after U.S. President Barack Obama rejected the company's proposed Keystone XL pipeline, which would have shipped oil from Alberta to Texas. Here is the text of the statement: We are disappointed with the President's decision to deny the Keystone XL application.Today, misplaced symbolism was chosen over merit and science - rhetoric won out over reason.The U.S. consumes over seven million barrels per day more oil than it [Read more]
Obama Denies Keystone XL Permit; TransCanada Will Review its Options
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2015) - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced it will review all of its options in light of a permit denial for Keystone XL. Those options include filing a new application to receive a Presidential Permit for a cross border crude oil pipeline from Canada to the United States. "TransCanada and its shippers remain absolutely committed to building this important energy infrastructure project," said Russ Girling, [Read more]