CALGARY - Nanotechnology similar to that used to kill tumours in cancer patients could be adapted to improve in situ oil recovery in Alberta's oilsands, says an international researcher.Steven Bryant, a world-leading nanotechnology expert from the University of Texas in Austin, was introduced Thursday as the latest Canada Excellence Research Chair at the University of Calgary.A federal energy research program awards world-renowned scientists and their teams up to $10 million over seven years to [Read more]
Headlines
Legacy Oil + Gas Inc. Announces Appointment of Aidan M. Walsh as Director
CALGARY, Oct. 16, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce that Aidan M. Walsh has joined the Board of Directors of Legacy. Mr. Walsh is President and Chief Executive Officer of Baccalieu Energy Inc., a Canadian junior oil and gas company. Mr. Walsh has 37 years of oil and gas experience in production, marketing, transportation, acquisitions, finance, facility engineering and construction. He was President and Chief Executive Officer of [Read more]
Green groups lose bid to turn off the taps on hydraulic fracturing
VANCOUVER - A judge will not stop the flow of fresh water from British Columbia's lakes and rivers to hydraulic fracking operations, but did recognize the issue as a growing public concern.The Western Canada Wilderness Committee and the Sierra Club filed a petition against the B.C. Oil and Gas Commission and energy company EnCana Corp. (TSX:ECA) over the commission's decision to grant repeat short-term water approvals to the company.The environmental groups wanted the court to declare the [Read more]
New Brunswick premier heading to Alberta to discuss Energy East Pipeline
SAINT ANDREWS, N.B. - New Brunswick Premier Brian Gallant is scheduled to head to Alberta next week to discuss the proposed Energy East Pipeline project with Alberta Premier Jim Prentice.Gallant will spend four days in Alberta, where he will also meet senior TransCanada (TSX:TRP) officials in Calgary.He says he also wants to meet with Alberta business leaders to show his commitment to the $12-billion development and help secure opportunities for New Brunswick.Former premiers David Alward and [Read more]
Strategic Oil & Gas Ltd. Announces Closing of Second Tranche of $73.4 Million Private Placement
CALGARY, ALBERTA--(Marketwired - Oct. 16, 2014) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that its previously announced private placement financing has been oversubscribed. The Company closed the financing for aggregate gross proceeds of $73.4 million (the "Private Placement"), an over subscription of $3.4 million. At the second and final tranche closing, Strategic issued 17,391,892 common shares in the Company ("Common Shares"), [Read more]
Oil exporting nations feeling pinch of low oil prices, oil importing ones feeling some relief
NEW YORK - A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices in four years.The global price of oil is near $84 per barrel, down about $31, or 27 per cent, from its high point for the year. Oil consumption globally is 91 million barrels per day. That means the world's oil producing countries and companies are [Read more]
TransCanada pipeline conversion faces building pushback in Quebec
MONTREAL - Pushback is building in Quebec over TransCanada Corp.'s $12-billion, cross-country project to convert a natural gas pipeline to oil, just weeks before the company files its formal proposal with the national energy regulator.Quebec's largest natural gas distributor, Gaz Metro, plans to enlist the support of the provincial government to oppose the project that it says will lead to supply shortages, higher prices and threaten Quebec's economic growth."The project in its current version [Read more]
Connacher Provides Q3 2014 Operational Update and Q3 2014 Conference Call Details
CALGARY, Oct. 15, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") provides an operational update for the third quarter 2014 ("Q3 2014") and Q3 2014 conference call details. Operational Update Based on field estimates, Connacher's Great Divide production for Q3 2014 averaged 14,100 bbl/d. Production has increased in each quarter of 2014 and Q3 2014 was 20 per cent higher than the prior year's third quarter (Q3 2013 - 11,788 bbl/d). Five of nine new [Read more]
Conference Board issues bleak outlook for natural gas, urges movement on LNG
CALGARY - The global liquefied natural gas market is shifting in favour of buyers across the Pacific, making life more complicated for firms already struggling with the economics of exporting the fuel from the West Coast, an energy conference heard Wednesday."You've kind of seen the dynamics flip around a little bit. I think it's been a seller's market for a while and now I think it's a buyer's market," said Don Althoff, CEO of Veresen Inc., a Calgary-based company planning on shipping gas from [Read more]
Elkwater Resources Ltd. Announces Strategic, Light Oil Focused Acquisitions and $100 Million Equity Financing
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2014) - Elkwater Resources Ltd. (TSX VENTURE:ELW) ("Elkwater" or the "Company") (to be renamed "Striker Exploration Corp.") is pleased to announce that it has entered into the following strategic transactions: an arrangement agreement (the "Arrangement Agreement") with Exoro Energy Inc. ("Exoro"), an arm's length private oil and gas company with assets concentrated in West Central Alberta, including Pembina, Chigwell and Ferrier/Willesden Green (the [Read more]