CALGARY, ALBERTA--(Marketwired - Oct. 10, 2013) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") is pleased to announce that it has recovered 32° API Elkton crude oil during operations to recover fluids used in the 16-26-027-01W5 ("16-26") completion. The recovery of crude oil from the 16-26 well is consistent with Kallisto's geological interpretation that the well would encounter a down-dip Elkton oil leg. The interpreted oil leg is on the same trend as multiple [Read more]
Headlines
Oliver to China: investment hasn’t dried up
OTTAWA - Natural Resources Minister Joe Oliver is off to China to tell investors there that their prospects in Canada remain strong. Oliver tells The Canadian Press that he is going to make the point that it is not any harder for companies, including state-owned enterprises, to come into Canada and invest than it was a year ago. Last week, former Conservative cabinet minister Jim Prentice said Chinese investment had all but dried up in Canada's lucrative oil and gas sector. Prentice, a [Read more]
Police stop anti-Enbridge pipeline protest in Montreal
MONTREAL - Police have moved in to block a few dozen protesters from marching in Montreal near the site of hearings for a pipeline project.The protesters oppose the proposal by Enbridge Inc. (TSX:ENB) to reverse the flow of a pipeline to send oilsands crude eastward. The plan is being examined at hearings this week in Montreal by the National Energy Board.Enbridge: manifestation d’opposants à #Montréal. http://t.co/1EUoAtw7Qm pic.twitter.com/0hCu7eufZr— Métro Montréal (@metromontreal) [Read more]
First Nations Make Case to UN Special Rapporteur That Gateway Approval Would Violate International Law
VANCOUVER, BRITISH COLUMBIA/COAST SALISH TERRITORY--(Marketwired - Oct. 10, 2013) - The Yinka Dene Alliance (YDA) met in Vancouver today with the United Nations Special Rapporteur on the Rights of Indigenous Peoples, James Anaya, to present evidence that Canada and British Columbia would be breaching international law if they approve Enbridge's Northern Gateway pipeline proposal over YDA's strong and clearly expressed opposition. YDA is an alliance of six First Nations whose members' [Read more]
Saskatchewan oil and natural gas sales down in October
REGINA - There has been a drop in the sale of oil and natural gas rights in Saskatchewan. The province says the October sale of Crown rights has brought in $9.1 million. That compares to $15.2 million for the same time last year. Energy Minister Tim McMillan says the change reflects a shift in focus by the energy industry as companies drill what they already have rather than buying new rights. The ministry expects energy land sales to increase next year as more leases become [Read more]
TransCanada Welcomes the Support of Over 165 Business Leaders Calling for Approval of Keystone XL
CALGARY, ALBERTA--(Marketwired - Oct. 10, 2013) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) agrees with dozens and dozens of top business leaders who are speaking out in favour of the Keystone XL pipeline project. The CEOs, presidents and chairpersons representing a diverse group of industries, including members of the National Association of Manufacturers, the Business Roundtable and U.S. Chamber of Commerce have sent a letter to President Barack Obama emphasizing the [Read more]
Husky, Newfoundland premier to sign deal for West White Rose platform: sources
PLACENTIA, N.L. - Newfoundland and Labrador Premier Kathy Dunderdale has announced plans with Husky Energy to build a new offshore oil platform for the West White Rose Extension.Dunderdale says a new wellhead platform supported by a concrete gravity structure will be built in Argentia.The structure is to be constructed at a new dedicated graving or dry dock site with gates that could allow for future industrial opportunities.The platform will be used to draw oil from the West White Rose [Read more]
Data show China passing US as biggest oil importer as economic growth, car sales drive demand
BEIJING - China has achieved another world-beating status its leaders don't want: Biggest oil importer. China passed the United States in September as the world's biggest net oil importer, driven by faster economic growth and strong auto sales, according to U.S. government data released this week. Chinese oil consumption outstripped production by 6.3 million barrels per day, which indicates the country had to import that much to fill the gap, the Energy Information Administration said this [Read more]
Canadian Natural Resources Limited Provides an Update on Its Horizon Oil Sands Project and Summary of Third Quarter Operations
CALGARY, ALBERTA--(Marketwired - Oct. 10, 2013) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") is pleased to provide an update on its Horizon Oil Sands ("Horizon") project. Several key milestones were completed at Horizon in Q3/13 as the Company continues to deliver on its strategy to transition to a longer life, low decline asset base which continues to deliver significant and growing free cash flow. HORIZON EXPANSION [Read more]
Tamarack Valley Energy Ltd. Announces Successful Completion of the Acquisition of Sure Energy Inc.
CALGARY, ALBERTA--(Marketwired - Oct. 9, 2013) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce the successful completion of the previously announced acquisition by Tamarack of all of the outstanding shares of Sure Energy Inc. ("Sure Energy") pursuant to the plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, the former holders of the common shares of Sure Energy received, in the aggregate, approximately 16,461,966 [Read more]