VANCOUVER, Nov. 27, 2015 /CNW/ - Petromin Resources Ltd. ("Petromin" or the "Company") wishes to announce the retirement and resignation of Mr. Kenny Chan as a director to the Company and thank him for his service to the Company and wish him well in his future endeavors. About Petromin Petromin Resources Ltd. (TSXV: PTR) is an oil and natural gas exploration and production company listed as a Tier 1 issuer on the TSX Venture Exchange. The Company is currently focused on its core [Read more]
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3MV Energy Announces Third Quarter 2015 Results
CALGARY, Nov. 27, 2015 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to report its financial and operating results for the three and nine month periods ended September 30, 2015. 3MV's unaudited financial statements and related management's discussion and analysis for the three and nine month periods ended September 30, 2015 have been filed and are available on the SEDAR website at www.sedar.com and on the Company's website at www.3mvenergy.com. 3MV announces the [Read more]
B.C. climate report says hike carbon tax, extend reduction targets to 2050
VICTORIA - Premier Christy Clark has said she will bill British Columbia as an environmental leader at the upcoming world climate change summit in Paris. But her own government-commissioned report concludes the province will miss its legislated greenhouse gas reduction targets.In the report released Friday, a climate leadership team concluded the province will fail to meet its 2020 targets and recommends focusing emission-reduction targets for 2030 and 2050.The team — appointed by Clark's [Read more]
NEB issues Inspection Officer Order in response to Pine River Gas Plant release
CALGARY, Nov. 27, 2015 /CNW/ - The National Energy Board (NEB) has issued an Inspection Officer Order in response to the release of an unconfirmed volume of vapour at the Pine River Gas Plant on November 26, 2015. The vapours released originated from a gas "sweetening" system, a process that is used to remove carbon dioxide and hydrogen sulfide from natural gas. The plant in Northeastern BC is operated by Westcoast Energy Inc. carrying on business as Spectra Energy Transmission. The plant was [Read more]
Ironhorse Announces Q3 2015 Financial and Operating Results
CALGARY, Nov. 27, 2015 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and nine months ended September 30, 2015. Financial and Operation Summary The Company's reported production has decreased 15% to 216 boe/d in the third quarter of 2015 from 254 boe/d produced in the second quarter. The decrease in production is attributed to ongoing TransCanada ("TCPL") pipeline restrictions and a planned [Read more]
CNRL chair Edwards says Alberta royalty system should be simplified
LAKE LOUISE, Alta. - The chairman of one of Canada's biggest oil and gas companies says there's room for improvement in Alberta's royalty system.Murray Edwards of Canadian Natural Resources Ltd. (TSX:CNQ) says there's not much room to change the amount the province charges for the right to exploit oil and natural gas on Crown land.Rather, the prominent oilpatch financier says it's more about the way the regime is designed.Speaking to reporters at a conference in Lake Louise, Alta., Edwards said [Read more]
Suncor and COS clash at Alberta Securities Commission for second day
CALGARY - Final arguments in Suncor Energy's hostile bid for Canadian Oil Sands played out before Alberta regulators on Friday, with lawyers for COS insisting shareholders need more time to consider their options, while those for Suncor said time for its takeover target is running out.David Tupper, lawyer for Suncor Energy, told the Alberta Securities Commission that it should overturn the COS plan to give its shareholders 120 days to consider Suncor's $4.5-billion all-stock takeover [Read more]
Teine Energy Ltd. Announces CEO Appointment
CALGARY, Nov. 27, 2015 /CNW/ - Teine Energy Ltd. "Teine" today announced that Jason Denney has been appointed to the role of Chief Executive Officer. Mr. Denney has held a series of senior roles at Teine since it was founded in 2005, and has served as its President since May 28, 2015. Mr. Denney has over 18 years of industry experience in reservoir and production engineering, field operations, offshore and onshore drilling and completions, asset development, as well as acquisition and [Read more]
Vital Energy Inc. Announces Financial Results for 3rd Quarter of 2015
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2015) - Vital Energy Inc. ("Vital" or the "Corporation") (TSX VENTURE:VUX) announced today the filing of its management discussion and analysis and the unaudited condensed interim financial statements for the period ended September 30, 2015. Such filings can be accessed electronically from the SEDAR website at www.sedar.com. HIGHLIGHTS Production increased to approximately 190 boe/d for the 3 months ended [Read more]
OPEC’s grumbling likely to fall on deaf ears
Growing discontent within OPEC has some members calling for a stabilization of prices and an easing of the present supply glut. Indeed, the current situation within OPEC basically resembles Saudi Arabia - and maybe a combination of the Gulf Arab states - versus everyone else. But given that Saudi Arabia accounts for roughly one-third of OPEC production and given the divisions among members, it is doubtful that the cartel can compel the Kingdom to back down from its current policy. For a [Read more]