CALGARY, ALBERTA--(Marketwired - May 21, 2014) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is very pleased to announce the appointment of William C. Macdonald to its board of directors. Mr. Macdonald has over thirty years of petroleum land management experience in Western Canada. He is currently the President of Bilmac Resources, an oil and gas consulting firm that provides land management support to various clients, and specializes in the capitalization of [Read more]
Headlines
Federal energy officials slash estimate of recoverable oil at California’s Monterey Shale
BAKERSFIELD, Calif. - The amount of oil that can be recovered from California's sprawling Monterey Shale formation using existing technology is far less than thought, according to a new federal estimate that potentially deals a blow to oil companies looking to extract the resource. About 600 million barrels of oil can be tapped from the formation, the Los Angeles Times reported (http://lat.ms/1ndwsx9 ), citing data from the U.S. Energy Information Administration. The new figure, which is [Read more]
Crude oil rises to US$104 a barrel as report shows large drop in U.S. supplies
The price of oil climbed to a one-month high Wednesday after a report showed a large drop in U.S. crude supplies, helped by a decline in imports. Benchmark West Texas Intermediate crude for July delivery gained $1.74 to close at US$104.07 a barrel on the New York Mercantile Exchange. Oil now is up four per cent for the month of May. Brent crude, a benchmark for international oil, added 86 cents to US$110.55 a barrel on the ICE Futures exchange in London. A report from the U.S. Energy [Read more]
B.C. premier brushes aside Russia-China gas deal, suggests Russia not reliable
VANCOUVER - B.C.'s premier is brushing aside a massive natural gas deal between China and Russia, insisting she's not worried it will affect her province's plans to develop a liquefied natural gas industry. Premier Christy Clark has made the LNG industry her government's central focus, and that plan relies almost entirely on producers selling their natural gas to markets in Asia. Russia and China have reached a $400-billion, 30-year agreement for China to buy Russian natural gas, prompting [Read more]
Petrox Resources Announces the Acquisition of Producing Properties
CALGARY, ALBERTA--(Marketwired - May 21, 2014) - Petrox Resources Corp. (TSX VENTURE:PTC) (the "Corporation" or "Petrox") is pleased to announce that, further to its news release of March 26, 2014, the Corporation has now entered into a definitive sale and purchase agreement for the acquisition of certain oil and gas properties located in the Fletwode area of Saskatchewan. These properties include six oil producing wells with a combined producing rate of approximately 40 barrels per day. The [Read more]
Russia-China gas deal not seen threat to Canadian West Coast LNG prospects
CALGARY - A natural gas deal signed between Russia and China includes some mindbogglingly large numbers — but observers say it's not big enough to keep Canadian exports out of that burgeoning market. The value of the contract — signed amid growing isloation from Russia's traditional customers to the west — is pegged at $400 billion and covers a 30-year period. Talisman Energy CEO Hal Kvisle says it's a big deal, but it doesn't shut the door on liquefied natural gas exports from [Read more]
China signs $400 BILLION deal for Russian natural gas
SHANGHAI (AP) — China signed a landmark deal Wednesday to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow’s ties with Asia. Price negotiations on the 30-year deal continued into the final hours of a two-day visit by Putin to China, during which both sides had said they hoped to sign an agreement. Putin was in Shanghai for an Asian security conference where China’s president called for a new model of [Read more]
Altima Update Regarding Closing Date for Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH) ("Altima" or the "Company") announces further to its News Release dated May 5, 2014 that, subject to receipt of acceptance from the TSX Venture Exchange, it anticipates closing its private placement for gross proceeds of $12,500,000 by the issuance of 138,888,886 Units at $0.09 per Unit (the "Financing") by May 30, 2014, not May 21, 2014 as previously announced. Following completion of the [Read more]
Fifteen First Nations Reaffirm Support for the Pacific Trail Pipeline
The Pacific Trail Pipeline is a proposed 487 kilometre natural gas pipeline that will deliver gas from Summit Lake, B.C. to the Kitimat LNG facility site at Bish Cove on the northwest coast of British Columbia. SOURCE: Chevron VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2014) - The 15 First Nations members of the First Nations Limited Partnership (FNLP) today announced their strong continued support for the proposed Pacific Trail Pipeline (PTP) project, and support of the Moricetown [Read more]
Environmentalists say national conservation deal not working in Alberta
EDMONTON - Some Alberta environmentalists say a national agreement between the forestry industry and conservation groups isn't working in the province.Keepers of the Athabasca and the Alberta Wilderness Association say logging is still going on inside caribou habitat and in buffer zones set up to protect the animals' ranges.In the Canadian Boreal Forest Agreement reached four years ago, major forestry companies agreed to preserve forests and environmentalists ended a boycott and media campaign [Read more]