MARSHALL, Mo. (AP) - A Canadian company's plan to build an oil pipeline that will stretch for hundreds of miles through the Midwest, including through many sensitive waterways, is quietly on the fast-track to approval — just not the one you're thinking of.As the Keystone XL pipeline remains mired in the national debate over environmental safety and climate change, another company, Enbridge Inc. of Calgary, Alberta, is hoping to begin construction early next month on a 600-mile-long pipeline that [Read more]
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Connacher Provides Second Quarter 2013 Operational Update
CALGARY, July 16, 2013 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") is pleased to provide the following operational update for Q2 2013 and confirms the timing of its Q2 2013 conference call and call-in details. Production Connacher's production for Q2 2013 averaged 11,500 bbl/d based on field estimates. Production was 7% lower than the prior quarter (Q1 2013 12,406 bbl/d) due to planned interruptions associated with steam generator upgrades completed at Algar [Read more]
Inter Pipeline Fund Announces $500 Million Medium-Term Note Offering
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has agreed to issue $500 million of senior unsecured medium-term notes in the Canadian public debt market. The notes will have a fixed interest rate of 3.448% per annum, payable semi-annually and will mature on July 20, 2020. The offering is expected to [Read more]
Raging River Exploration Inc. Provides Operational Update and Increased 2013 Guidance
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) is pleased to announce an update on the Company's operations and increased 2013 production guidance. PRODUCTION UPDATE Even though second quarter capital expenditures were significantly less than anticipated cash flow, the forward planning by the Raging River team resulted in production for the second quarter being maintained at first quarter levels. Based [Read more]
Prentice to First Nations: seize resource opportunities before it’s too late
OTTAWA - One of Stephen Harper's former cabinet ministers is urging First Nations to seize the "incredible opportunities" in the energy and natural resource sectors before they get left behind.Jim Prentice, who left government to become a top banking executive, said Tuesday that aboriginal peoples in this country now have the chance to cash in on a once-in-a-lifetime opportunity — but the clock is ticking."They will need to seize that opportunity and use the so-called duty-to-consult [Read more]
Pengrowth Achieves $700 Million Disposition Target, Fully Funding Phase One of Lindbergh Development
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announced that it has entered into agreements for the successful completion of its $700 million non-core asset disposition program previously announced on January 11, 2013. The net proceeds from the disposition program will be used to fund ongoing capital expenditures, including fully funding the remaining budgeted capital expenditures associated with the 12,500 barrels per day (bbl/d) first [Read more]
TORC Oil & Gas Announces Strategic Acquisition, Transition to Sustainable Dividend Plus Growth Entity, Bought Deal Financing and Establishment of a Strong Relationship With a Cornerstone Investor
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce a $510 million acquisition of low decline, high netback, light oil producing assets (the "Acquired Assets") in southeast Saskatchewan (the "Acquisition") and a strategic transition of the Company's business model to an intermediate light oil producer [Read more]
Engineer at center of train derailment speaks out
LAC-MEGANTIC, Quebec (AP) -- The engineer who parked the oil train that rolled away, derailed and exploded in the center of a Quebec town was heard from Tuesday for the first time since the July 6 disaster that killed 50 people, with his lawyer saying he is "devastated." Lawyer Thomas Walsh said Tom Harding needs time to recover from the shock. Walsh said he hopes to get psychological help for his client, who has been staying at an undisclosed location to stay away from the media. "I used [Read more]
Crocotta Energy Announces Syndicated Bank Credit Facility
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. CROCOTTA ENERGY INC. (TSX:CTA) ("Crocotta") is pleased to announce that it has entered into a syndicated credit facility (the "Facility") with a syndicate of three chartered banks consisting of National Bank of Canada (as Administrative Agent), the Bank of Nova Scotia, and Alberta Treasury Branches and National Bank Financial as [Read more]
Cordy Announces Changes to Senior Management
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Cordy Oilfield Services Inc. ("Cordy") (TSX VENTURE:CKK) announces that it has accepted the resignation of Mr. Allen Cameron as the President and a director of Cordy. In addition, Mr. Bob Brunt has resigned as Cordy's Chief Operating Officer. "We would like to take this opportunity to thank Allen and Bob for their time and commitment to Cordy over the past six years," said David Mullen, Cordy's Chief Executive Officer. "We wish them all [Read more]