INNERKIP, Ont. - Protesters have created a blockade at an Enbridge pipeline work site in southwestern Ontario.The demonstration at Innerkip north of Woodstock that started early today is aimed at preventing installation of a valve.A protest spokeswoman says the valve is being installed near the Thames River, which isn't adequately protected from the risk of a spill.Enbridge confirmed the work interruption and says workers were moved to another project for the day.The company's Line 9 carries oil [Read more]
Headlines
Nova Scotia’s fracking pioneer doubtful that province will lift ban
HALIFAX - The man who pioneered hydraulic fracturing in Nova Scotia says he doesn't expect the province to lift a two-year moratorium on the contentious practice, mainly because the government is afraid of upsetting a vocal but misinformed minority.Peter Hill, chairman of Denver-based Triangle Petroleum, says the industry could spur Nova Scotia's stalled economy and reduce its reliance on polluting, coal-fired plants, but he believes fear-mongering by outspoken critics has spooked the province's [Read more]
Magnum Energy Announces Private Placement Offering
CALGARY, ALBERTA--(Marketwired - Aug. 1, 2014) - MAGNUM ENERGY INC. (the "Corporation" or "Magnum") (TSX VENTURE:MEN) is pleased to announce that it has arranged a non-brokered private placement of up to 4,000,000 units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $200,000 (the "Offering"). Each Unit will consist of one common share ("Share") and one share purchase warrant of the Company ("Warrant"). Each whole Warrant will entitle the holder to acquire one Share [Read more]
Hawk Announces Western Saskatchewan Asset Acquisition and New Bank Loan Facility
CALGARY, Aug. 1, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has entered into a purchase and sale agreement with TriHawk Energy Ltd. ("TriHawk") and certain other parties pursuant to which the Corporation has agreed to acquire certain petroleum and natural gas assets ("Assets") in the plains region of Alberta and Saskatchewan in consideration of a grant to TriHawk of a gross over-riding royalty (the "GORR") over the acquired assets (the "Acquisition"). Hawk [Read more]
Chevron seeking new partner for Kitimat LNG following Apache’s exit
CALGARY - Chevron Corp. said Friday it needs a new partner for a West Coast natural gas export project, but it will press ahead with early-stage development work on it in the meantime.A day earlier, Apache Corp. announced it would "completely exit" the 50-50 partnership, which includes natural gas resources in northeastern B.C., a pipeline to the West Coast and a facility near Kitimat, B.C., to chill the gas into a liquid state so it can be shipped overseas."We need to get our partnership [Read more]
Canada Energy Partners Closes Montney Sale
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 1, 2014) - Canada Energy Partners Inc. (the "Company") (TSX VENTURE:CE) is pleased to announce that it has closed the sale of the Company's Montney rights for $15,720,000. CIBC World Markets Inc. acted as financial advisor to the Company with respect to the transaction. The Company will issue a press release in the near future regarding the distribution to shareholders with details of the timing, the effective date, and final distribution [Read more]
Panterra announces closing of previously announced acquisition of Strategic Oil & Gas assets and new credit facility
CALGARY, July 31, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE: PRC) is pleased to announce that it has closed its previously announced acquisition of certain natural gas assets located in the Western Canadian foothills areas of Lynx/Palliser/Minnow and Findley/Copton/Ojay in Alberta and British Columbia, effective April 1, 2014, for total consideration of $120.0 million, subject to adjustments (the "Acquisition"). The Acquisition adds approximately 5,900 [Read more]
Shoreline Energy Corp. Announces Asset Sale for Total Proceeds of $20.8 Million
CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") to sell its interests in certain petroleum and natural gas properties (excluding royalty interests), wells and infrastructure located within the Valhalla and Progress Property boundaries in the Greater Peace River Arch area and associated Valhalla and Progress petroleum and natural gas [Read more]
Gibson Energy and USD Group Announce Commencement of Successful Operations at Hardisty Rail Terminal and Open Season on Phase 2
CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - July 31, 2014) - Gibson Energy Inc. ("Gibson") (TSX:GEI) and USD Group LLC ("USDG", together with Gibson, the "Companies") announced today they have commenced successful operations at the Hardisty Rail Terminal and their intention to begin soliciting customer commitments for the second phase of development of the terminal located near Hardisty, Alberta ("Phase 2"). The Companies expect that Phase 2 will double the crude oil loading capacity at [Read more]
Canadian Oil Sands Announces Second Quarter Results and a $0.35 Per Share Dividend
CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. "This was a challenging quarter given overlapping outages on two of our three cokers; however, we are pleased that Syncrude executed the maintenance work safely and efficiently, with the final unit returning to service by early July," said Ryan Kubik, President and Chief Executive Officer. "Syncrude is now [Read more]