NORTH VANCOUVER, B.C. - A group calling itself "Settlers on Stolen Land" padlocked the doors on the constituency offices of two British Columbia Conservative MPs to protest the federal government's approval of the Northern Gateway pipeline.Notices posted at the entries to the offices of Andrew Saxton in Port Moody and James Moore in North Vancouver blame them for allowing the project.The group says the decision fails to respect the sovereignty of indigenous communities.Heavy chains were wrapped [Read more]
Headlines
Octagon 88 Resources Announces Confirmation Of First Horizontal Production Well Drill License
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OTCBB:OCTX) or “the Company” is pleased to announce that the Manning project’s operator has confirmed it has received the license to drill the first horizontal production well (W 7-10-91-22W5), one of a series of horizontal wells on the Bluesky Gething formation as previously advised. Lease preparation on site has been concluded, based on rig availability the operator is now targeting to spud the well on July 15, 2014. This well [Read more]
Altima Testing Chambers 5-35-41-11 W5M Well and Completing Pipeline and Production Facility
CALGARY, ALBERTA--(Marketwired - June 24, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) completed fracture stimulation operations on June 19, 2014. Three separate fracture stimulations treatments were conducted on five formations, and all flowed back gas and liquids. Operations are continuing to mill out plugs and commingle all zones, run production tubing, and perform a flow and build up test [Read more]
Oil drops as fear fades over insurgency’s impact on Iraq’s oilfields
The price of oil fell Tuesday as fears receded that the insurgency roiling Iraq would affect its oil production and exports. Islamic militants have been steadily expanding their grip on the country's north, where they control a broad swath of territory. But the bulk of the country's production and export operations are in the south, which have so far been spared in this month's advance by the al-Qaeda inspired group. Iraq's daily oil production hit 3.5 million barrels this year, up from [Read more]
Qingdao Sinoenergy backs Alberta company’s pitch for liquefied natural gas plant
EDMONTON - A Chinese firm is behind a new Alberta joint-venture company that wants to build a liquefied natural gas plant in the province. Gascana AB Energy Ltd. was recently established by the Qingdao Sinoenergy Corporation of China and Calgary based-Petrox Resources. Petrox said the goal is to build a plant that could produce close to 3,000 tonnes of LNG per day for export. The Edmonton Economic Development Corp. is working with Gascana on the proposal and said the project could [Read more]
Arcan Resources Ltd. Announces Strategic Transaction With Aspenleaf Energy Limited and Creation of A New Swan Hills Company
CALGARY, ALBERTA--(Marketwired - June 23, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Aspenleaf Energy Limited ("Aspenleaf") pursuant to which Aspenleaf and Arcan will complete a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement") which will, subject to receipt of all necessary approvals, result in the following [Read more]
Critics ask what’s the rush at pipeline hearings by regulator in Edmonton
EDMONTON - Critics of a proposed pipeline project from the Fort McMurray region to Edmonton want to know why the province's energy regulator seems determined to rush the project's public review."The process is being rushed for the benefit of TransCanada to the detriment of landowners," said lawyer Keith Wilson, who represents businesses and farmers along the route. Hearings opened Monday on the Grand Rapids plan for two new lines half-owned by TransCanada (TSX:TRP) that would have a combined [Read more]
Black Swan announces Duvernay joint venture
CALGARY, June 23, 2014 /CNW/ - Black Swan Energy Ltd. has recently entered into a joint venture agreement to accelerate development of its Duvernay holdings in the Willesden Green area of Alberta. Under the agreement, the joint venture partner will drill and complete certain wells and contribute 50% of its land position to earn 50% of Black Swan's working interest in the area. After completion of the earning, Black Swan will have 27,640 net acres of Duvernay rights. Black Swan continues to [Read more]
Iraq turmoil threatens oil industry vital to war-battered economy
BAGHDAD - The turmoil in Iraq has thrown the OPEC member's ambitious plans to boost oil production into doubt, threatening to crimp its most vital economic lifeline. Northern oil fields imperiled by the militants' advance have been shut down, and companies have begun evacuating workers elsewhere in the country. Iraq's Kurdish minority has moved to solidify control over the northern oil-rich city of Kirkuk and other disputed areas, weakening Baghdad's claims to the energy riches buried beneath [Read more]
Anti-Shale gas group launches legal action against New Brunswick government
SAINT JOHN, N.B. - A New Brunswick group has launched legal action against the provincial government in an effort to halt shale gas exploration in the province.The New Brunswick Anti-Shale Gas Alliance filed the 18-page statement of claim today with the Court of Queen's Bench in Saint John.The alliance — which includes 22 community organizations — is calling for a moratorium on the development of unconventional shale gas and oil in New Brunswick until scientific studies show it can be done [Read more]