Vancouver, British Columbia - (July 13, 2017) – E3 METALS CORP. (TSX.V: ETMC) (the “Company” or “E3 Metals”) is pleased to announce that it has been granted 389,934 hectares (ha) of strategically positioned Metallic and Industrial Minerals (“MIM”) permits in E3 Metals’ core area in southern Alberta. This brings E3 Metals’ total MIM permit area to 477,898 ha in Alberta, located over some of the most prospective areas for lithium rich Leduc formation water (Petro-Brine) according to historical [Read more]
Headlines
Agency says OPEC compliance with output cut fell in June
PARIS - The International Energy Agency says the rate of compliance by OPEC countries to their agreed production cuts fell sharply in June, one reason why oil prices dropped to 2017 lows in recent weeks. In a monthly update, the Paris-based agency said Thursday it estimates compliance fell to 78 per cent in June from 95 per cent the previous month. However, it noted that compliance should be judged over the whole period of the production cut to March 2018, rather than just one [Read more]
Demand at Mexico onshore oil and gas auction spurs output hopes
Mexico auctioned 21 of 24 onshore oil and gas blocks on offer on Wednesday to investors from North America and Asia including tycoon Carlos Slim and Mexican newcomer Jaguar, anticipating a substantial boost for natural gas output. Monterrey-based Jaguar Exploracion y Produccion de Hidrocarburos took a stake in over half the areas awarded, which the oil industry regulator said would eventually yield around $2 billion in investments over the 30-year lifespan of the contracts. A tie-up of [Read more]
Westcore Energy Ltd. Announces Joint Venture Agreement at Flaxcombe
SASKATOON, SASKATCHEWAN--(Marketwired - July 12, 2017) - Westcore Energy Ltd. ("Westcore" or the "Company") (TSX VENTURE:WTR) announces that it has entered into a joint venture agreement (the "Agreement") with Saturn Oil & Gas Inc. ("Saturn") (TSX VENTURE:SMI) to develop two sections of land (with each company contributing one section) near Flaxcombe, Saskatchewan. Under the terms of the Agreement, each of Westcore and Saturn shall have a 50% working interest in both sections. These [Read more]
Cenovus expects up to C$2.5 bln from Weyburn, Palliser sales
Canadian oil and gas producer Cenovus Energy Inc has hired investment banks to sell the Weyburn and Palliser oil assets, which it hopes would fetch as much as C$2.5 billion ($2 billion), according to people familiar with the situation. The moves are part of a push to sell assets to pay down debt Cenovus took to help fund the C$16.8 billion purchase of oil and gas businesses from ConocoPhillips. Cenovus is working with Toronto-Dominion Bank to sell Weyburn, and with Credit Suisse and [Read more]
Northern Blizzard Resources Inc. Announces Name Change to Cona Resources Ltd.
CALGARY, July 12, 2017 /CNW/ - Northern Blizzard Resources Inc. (the "Company") (TSX: NBZ) is pleased to announce that it has changed its name to Cona Resources Ltd. effective immediately, following approval of the name change at the special meeting of the Company's shareholders held today. In connection with the name change, the Company's stock symbol on the Toronto Stock Exchange will be changed to "CONA". The Company's common shares are expected to start trading under the new stock symbol [Read more]
Pembina and Veresen Announce Court of Queen’s Bench Approval of Business Combination
CALGARY, July 12, 2017 /CNW/ - Pembina Pipeline Corporation (TSX:PPL; NYSE: PBA) ("Pembina") and Veresen Inc. (TSX: VSN) ("Veresen") are pleased to announce that following the approval of Veresen's Common and Preferred Shareholders announced on July 11, the Court of Queen's Bench of Alberta has approved the previously announced plan of arrangement between Pembina and Veresen (the "Transaction") to create one of the largest energy infrastructure companies in Canada. Closing of the Transaction [Read more]
Groundstar Resources Limited Signs LOI to Acquire Oil and Gas Assets and Complete Reverse Take-Over
CALGARY, Alberta, July 12, 2017 (GLOBE NEWSWIRE) -- Groundstar Resources Limited (TSX-V:GSA) (“Groundstar” or the “Company”) is pleased to announce that it has signed a letter of intent (the “LOI”) to acquire certain oil and gas assets located in Rainbow Lake and Farrell, Alberta (the “Assets”) from a private Alberta company (“PrivateCo”). The proposed transaction is an arm’s length transaction and constitutes a “reverse take-over” of Groundstar under Policy 5.2 – Changes of Business and Reverse [Read more]
Pipelines secured as wildfires rage in western Canada
Major pipeline companies in western Canada have created fire breaks, installed sprinklers and taken other measures to protect operations as raging wildfires spread to more than 38,000 hectares (93,000 acres) in British Columbia. Enbridge Inc has taken a natural gas compressor station offline but it said on Wednesday that there had been no significant reduction in volumes shipped. The fires have disrupted timber and mining operations, damaged a regional electric utility and forced more than [Read more]
Enbridge gas compressor offline after western Canada wildfires
Enbridge inc has taken a natural gas compressor station offline after wildfires in the western Canadian province of British Columbia, but there had been no "significant reduction" in volumes shipped, the company said on Wednesday. Enbridge did not specify which pipeline system the station was on, saying only that it was in the "impacted area," a region ranging from 150 km (95 miles) to 350 km northeast of Vancouver where more than 200 fires had been burning. (Reporting by Ethan [Read more]