CALGARY - The National Energy Board approved a new toll plan for TransCanada's (TSX:TRP) Mainline on Wednesday that will help the natural gas pipeline compete. The board set the firm transportation toll from Empress, Alta., to Dawn, Ont., at $1.42/GJ, compared with a 2013 toll of $2.58/GJ. "The board approved multi-year fixed tolls that are competitive and provide TransCanada with a reasonable opportunity to recover its Mainline costs, given the increase in Mainline throughput [Read more]
Headlines
SNC-Lavalin awarded Statoil’s North Sea Gina Krog jacket engineering contract by Heerema Fabrication Group Engineering
MONTREAL , March 27, 2013 /CNW Telbec/ - SNC-Lavalin (SNC.TO) has been awarded a contract by HFG Engineering Europe B.V. (HFGE) to carry out part of the detailed design of the jacket for Statoil's Gina Krog offshore field development on the Norwegian continental shelf. Statoil renamed the Dagny field Gina Krog in March 2013 . The engineering for the approximately 16,000-tonne, barge-launched jacket will be executed as a joint effort of HFGE and SNC-Lavalin. SNC-Lavalin will carry out the work [Read more]
Suncor Energy not proceeding with Voyageur upgrader project
CALGARY, ALBERTA--(Marketwire - Mar 27, 2013) - Suncor Energy today announced that it is not proceeding with the Voyageur upgrader project. The decision is the result of a joint strategic and economic review launched by Suncor and its joint venture partner Total E&P Canada Ltd in late 2012. "Since 2010, market conditions have changed significantly, challenging the economics of the Voyageur upgrader project," said Steve Williams, president and chief executive officer. "That's why we [Read more]
Longview Announces New Corporate Presentation
CALGARY , March 27, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") announces that a new corporate presentation will be available in the investors section of Longview's website at the address provided below, after close of markets on March 27, 2013 . SOURCE: Longview Oil Corp. Contact: Investor Relations Toll free: 1-855-813-0313 Longview Oil Corp. 700, 400 -3rd Avenue SW Calgary, Alberta T2P 4H2 Phone: (403) 718-8000 Fax: (403) [Read more]
CP Rail train derails in western Minnesota; spills crude oil
PARKERS PRAIRIE, Minn. - Authorities say at least three cars of a Canadian Pacific (TSX:CP) train have spilled or leaked crude oil after a derailment in western Minnesota. The Otter Tail Sheriff's Department says the 94-car train was headed south Wednesday morning near Parkers Prairie when it lost air pressure and went into an emergency braking mode. Fourteen cars derailed. Spokesman Dan Olson of the Minnesota Pollution Control Agency says more than 20,000 gallons of crude oil, [Read more]
Groups send letter to Alberta government, want details about oilsands water spill
FORT MCMURRAY, Alta. - Eleven groups have banded together to send a letter to the Alberta government about their concerns over a waste-water spill at a Suncor oilsands plant. The groups — representing the environment, First Nations and landowner associations — are demanding more information about the leak. Suncor (TSX:SU.TO) has said it doesn't know exactly what's in the waste water or how much of it spilled. It said it discovered Monday that a pipe carrying the water had [Read more]
Junex Announces an Increase of its Total Oil-Initially-in-Place Resources to 330 Million Barrels on its Galt Property, Quebec, Canada
MARCH 27, 2013 - QUEBEC CITY, QUEBEC-- Junex Inc. (TSX VENTURE:JNX) ("Junex" or the "Company") is pleased to announce that Netherland, Sewell & Associates, Inc., ("NSAI"), a firm of worldwide petroleum consultants based in Texas, has provided an update of their Best Estimate of the total Oil-Initially-In-Place (“OIIP”) resources at 330 million barrels for the Forillon and Indian Point formations on Junex’s Galt Field property on the Gaspe Peninsula. NSAI’s evaluation considers new [Read more]
U.S. crude stocks build well above expectations
U.S. commercial crude oil inventories increased by 3.3 million barrels from the previous week, well above the expected draw of ~1 million barrels. Total crude oil stocks of 385.9 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories decreased by 1.9 million barrels last week. [table] [attr style="width: 25%"]March 22`[attr style="width: 25%"]March 15`[attr style="width: 25%"]Change`[attr style="width: 25%"]% [Read more]
Painted Pony Petroleum Provides Operations Update on Montney Gas and Light Oil Projects
CALGARY, ALBERTA--(Marketwire - Mar 27, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to provide the following operations update and activity outlook: HIGHLIGHTS Operating highlights to-date during the first quarter of 2013 include: Townsend/Kobes: the Company recently completed, and is currently production testing, two 100% working interest wells in the Townsend area on lands acquired in December 2012; Painted Pony's third [Read more]
DeeThree Exploration Ltd. Announces 2012 Financial and Operating Results
CALGARY, ALBERTA--(Marketwire - Mar 27, 2013) - DEETHREE EXPLORATION LTD. ("DeeThree") ("Company") (DTX.TO) (DTHRF) is pleased to release its financial and operational results for the year ended December 31, 2012. DeeThree has filed its audited financial statements for the year ended December 31, 2012 and related Management Discussion and Analysis with Canadian securities regulatory authorities. DeeThree's annual financial materials may be viewed in their entirety on www.sedar.com and on the [Read more]