CALGARY - Prominent members of both Big Oil and the environmental movement have given their blessing to Alberta's sweeping new climate change plan.But as remarkable as it was for the likes of both oilpatch billionaire Murray Edwards, Canadian Natural Resources Ltd.'s chairman, and former U.S. vice president Al Gore, an outspoken advocate for tougher climate action, to back the plan, not everyone is singing its praises.One of the biggest producers in the oilsands, ExxonMobil Corp.-controlled [Read more]
Headlines
7 ways Alberta is missing the boat when it comes to resource prosperity
The following are seven factors as to why Alberta is not capturing the full potential value of its developed natural resource. Without action, there will be plenty of prosperity left on the table never to be realized for current and future generations. 1. Global oil demand is increasing, and Canada needs to grow its market share. Instead it appears that from 2020 onward, growth in Canadian oil production will flat-line. 2. We've been selling oil at fire-sale prices for years because we [Read more]
Altura Energy Inc. Announces Third Quarter 2015 Financial Results, Operations Update and 2016 Capital Budget
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2015) - Altura Energy Inc. ("Altura" or the "Corporation") (TSX VENTURE:ATU) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2015. The associated management's discussion and analysis ("MD&A") and unaudited interim condensed financial statements as at and for the three and nine months ended September 30, 2015 can be found at www.sedar.com and www.alturaenergy.ca. OPERATIONAL AND [Read more]
AltaGas Ltd. Announces Closing of $200 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2015) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that it has closed its previously announced public offering of 8,000,000 Cumulative Redeemable 5-Year Minimum Rate Reset Preferred Shares, Series I (the "Series I Preferred Shares"), at a price of $25.00 per Series I Preferred Share ("the Offering") for aggregate gross proceeds of $200 million. The Offering was first announced on November 12, 2015 when AltaGas entered into an agreement with [Read more]
Kaisen Energy Corp. Announces Sizeable Private Equity Investment from Kern Energy Partners
Kaisen to Capitalize on Current Market Turmoil through Strategic Drill Bit and Acquisition Activity CALGARY, Nov. 23, 2015 /CNW/ - Kaisen Energy Corp. ("Kaisen" or the "Company") is pleased to announce a newly formed strategic partnership with KERN Energy Partners ("KERN") through a sizeable private equity investment in the Company to fund the strategic development of existing assets and to capitalize on potential present and emerging acquisition opportunities. Since the Company's inception in [Read more]
Sunshine Oilsands Ltd.: Announcement of Closing of Private Placement Under General Mandate
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Nov. 23, 2015) - SUNSHINE OILSANDS LTD. (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) (HKSE:2012) wishes to announce the following: Closing of Private Placement under General Mandate Reference is made to the announcement of the Corporation dated November 10, 2015 (Hong Kong Time) / November 9, 2015 (Calgary Time) in relation to the proposed issue of new Class [Read more]
Oil sands companies demonstrate leadership on climate change
CALGARY, ALBERTA--(Marketwired - Nov. 22, 2015) - Four of Canada's largest oil sands producers have come together to demonstrate leadership on climate change. Canadian Natural Resources Limited, Cenovus Energy Inc., Shell Canada Limited and Suncor Energy Inc., support the Government of Alberta's climate plan related to the oil and natural gas industry, which includes a carbon pricing regime coupled with an overall emissions limit for the oil sands. These measures provide predictability and [Read more]
Alberta to release climate change policy at Edmonton science centre
EDMONTON - Alberta took what it hopes will be the first step toward shedding its status as international environmental pariah Sunday by revealing a sweeping climate change plan.The plan, the result of months of study and public input, will introduce a broad-based carbon tax that would apply across the economy. The government will move to phase out the province's coal-fired power generation by 2030.And it will introduce a hard cap on greenhouse gas emissions for the oilsands."This is the day we [Read more]
With Keystone Dead, What’s Next for the Green Movement?
We’ve recently reported on the stall of the Keystone Pipeline and the green movement’s role in shutting down the completion of the pipeline that would have run from Canada to the Gulf Coast of Texas. But with the pipeline project dead for now, what will the green movement turn to next? [Read more]
Riverstone to Make Offer to Acquire Common Shares and Warrants of CIOC (Canadian International Oil Corp.)
CALGARY, Nov. 20, 2015 /CNW/ - Canadian International Oil Corp. ("CIOC") announces that Riverstone Seneca B.V. ("Riverstone"), a shareholder of CIOC and an affiliate of Riverstone Holdings LLC, intends to make an offer (the "Offer") to purchase any of the CIOC common shares ("Common Shares") and Common Share purchase warrants with an exercise price of $1.20 per warrant ("Warrants") not owned by Riverstone and its affiliates for cash consideration of $1.675 per Common Share and $0.475 per [Read more]