SASKATOON, Saskatchewan , June 05, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSXV:SMI) (FSE:SMK) is pleased to announce that effective June 1st, 2018, Mr. Christopher Ryan has been appointed to the Board of Directors and Mr. Geoff Jones has been appointed as VP of Finance for Saturn. Mr. Ryan is the Director of Midstream for Tundra Energy Marketing Ltd. (TEML). Prior to that, he was the Director of Operation Services for TEML and Exploitation Engineer [Read more]
Headlines
Point Loma Resources: Industry Pays $33 million for Duvernay Shale Oil Acreage Near Company Lands
Calgary, Alberta (FSCwire) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to provide an update on its emerging Duvernay shale oil play, highlighted by the May 30th Alberta Land sale where 81,920 acres near Point Loma’s acreage were acquired by third parties for $33.6 million. Highlights: Point Loma currently holds approximately 15,000 net acres (23 net sections) in the West Duvernay basin May 30, 2018 Alberta Crown land sale saw 81,920 [Read more]
Trudeau to talk Trans Mountain pipeline with Indigenous leaders in B.C.
ROSEDALE, B.C. - The prime minister is expected to meet with Indigenous leaders in British Columbia today, including a First Nations chief who has been a vocal supporter of the Trans Mountain pipeline expansion. Justin Trudeau will be in the Fraser Valley where he'll speak with the Indigenous Advisory and Monitoring Committee, a group that monitors existing pipelines and the construction of the Trans Mountain's expansion project. The group includes Cheam First Nation Chief Ernie Crey, who [Read more]
Trans Mountain protests continue, environment minister says it’s time to move on
VANCOUVER - As opponents of the Trans Mountain pipeline expansion protested across the country Monday, Canada's environment minister said the project needs to move forward. Protesters gathered outside the offices of Liberal MPs calling for Prime Minister Justin Trudeau's government to pull its support for the controversial pipeline. The rallies follow Ottawa's announcement last week that it will spend $4.5 billion to buy the pipeline and ensure the expansion project is completed. "The [Read more]
Opposition criticizes $1.5-million retention bonuses for Kinder Morgan execs
CALGARY - Opposition politicians hit the Liberal government with pointed questions Monday over news that two Kinder Morgan Canada executives will each be given $1.5-million bonuses to ensure they stay on as its Trans Mountain pipeline system is sold to the federal government. The retention bonuses for president Ian Anderson and David Safari, the vice-president overseeing the Trans Mountain pipeline expansion, are detailed in a company regulatory filing dated Tuesday, May 29, the day the [Read more]
ConocoPhillips prepares to sell stake in Cenovus
Conoco Phillips is preparing to offload its stake in Cenovus Energy Inc, which it acquired as part of an asset sale to the Canadian oil and gas producer last year, people familiar with the matter told Reuters. The U.S. energy company has held discussions with investment banks about appointing advisers to the sale and could offer the shares to institutional investors as early as this month, said the people. They cautioned that the precise timing would depend on market conditions and could [Read more]
Groundstar Resources Limited Announces Closing of Financing
CALGARY, June 04, 2018 (GLOBE NEWSWIRE) -- Groundstar Resources Limited (TSXV:GSA) (the “Company”) is pleased to announce that it has closed on the first tranche of its previously announced non-brokered private placement of a maximum of up to 20 million units in the capital of the Company (the “Common Units”) at a price of $0.01 per unit, each unit consisting of a common share in the capital of the Company (“Common Share”) and a common share purchase warrant (a “Warrant”) for gross proceeds of [Read more]
Steelhead LNG Appoints Corey Goulet as Vice President, Pipeline
Energy infrastructure leader brings more than 30 years' experience to Steelhead LNG's natural gas pipeline project VANCOUVER, June 4, 2018 /CNW/ - Steelhead LNG has further bolstered the strength and experience of its Leadership Team with the appointment of energy infrastructure leader Corey Goulet as its Vice President, Pipeline effective July 3, 2018. Goulet brings 33 years of experience in the energy infrastructure industry to Steelhead LNG. His work experience and expertise include the [Read more]
Pipeline victory celebrations? No, just sadness for a declining country
No, it’s not a corporate bail out. No, it’s not a sop to the petroleum business. No, it’s not going to change global warming in the slightest way. No, it is not a setback for indigenous rights; it may well be the opposite if they buy in. If the war on fossil fuels is actually the war the media wants it to be, then the Trans Mountain expansion (TME) decision by the Trudeau government would be a “victory” for the oil industry, just as the Energy East annihilation was a “victory” for [Read more]
Hemisphere Energy Increases Term Loan
TSX-V: HME - VANCOUVER, June 4, 2018 /CNW/ - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce an increase to its term loan. Hemisphere has amended its credit agreement with its third‐party lender in order to increase the commitment amount available to Hemisphere on its multi‐draw, non‐revolving term loan facility (the "Term Loan") by US$10 million, bringing the aggregate amount committed by the lender under the Term Loan to US$30 million. The [Read more]