CALGARY, Oct. 31, 2013 /CNW/ - Royal Dutch Shell plc (Shell) today announced its decision to proceed with its Carmon Creek project in Alberta, Canada, expected to produce up to 80,000 barrels of oil per day. Carmon Creek is a thermal in situ project that is 100 per cent Shell owned and will be part of the company's broader production, refining and marketing business across the full value chain in North America. "I'm pleased we're moving ahead with this important project," said Lorraine [Read more]
Headlines
Twin Butte Energy Closes $70 Million Bought Deal Financing
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION OVER UNITED STATES WIRE SERVICES/ CALGARY, Oct. 31, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Twin Butte, through a syndicate of underwriters led by Peters & Co. Limited ("Peters & Co.") and including National Bank Financial Inc., Canaccord Genuity Corp., CIBC World Markets Inc., [Read more]
Imperial Oil announces estimated third quarter financial and operating results
CALGARY, Oct. 31, 2013 /CNW/ - Third quarter Nine months (millions of dollars, unless noted) 2013 2012 % 2013 2012 % Net income (U.S. GAAP) 647 1,040 (38) 1,772 2,690 (34) Net income per common share - assuming dilution (dollars) 0.76 1.22 (38) 2.08 3.16 (34) Capital and exploration expenditures 1,840 1,409 31 6,453 3,890 66 Rich [Read more]
Fort Hills Development Strengthens Total’s Position in Canada
CALGARY, ALBERTA--(Marketwired - Oct. 31, 2013) - Total has reached a final investment decision to develop the Fort Hills oil sands mining project in Alberta, Canada, located some 90 kilometres north of Fort McMurray. Production from Fort Hills is expected to start by end-2017 and to gradually reach the plateau of 180,000 b/d. The estimated cost to develop the project over the next four years is approximately C$13.5 billion. "The Fort Hills sanction is an important milestone [Read more]
Keyera Evaluating Option to Acquire 30% Ownership Position in Norlite Pipeline
CALGARY, Oct. 30, 2013 /CNW/ - Enbridge Inc. ("Enbridge") today announced it is proceeding with development of the Norlite Pipeline system. As part of a Memorandum of Understanding between affiliates of Enbridge and Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) ("Keyera"), Keyera has the right to participate in the Norlite diluent pipeline as a 30% non-operating owner. A decision whether to participate will be made within 30 days. As part of the service offering, the Norlite system may access certain [Read more]
Enbridge to Develop $1.4 Billion Norlite Diluent Pipeline
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that it will develop a new industry diluent pipeline with associated capital of up to $1.4 billion, depending on scope, to meet the needs of multiple producers in the Athabasca oil sands region. The base 16-inch diameter scope for the project will be anchored by throughput commitments from the Fort Hills Partners (Suncor Energy Inc., Total E&P Canada Ltd. and Teck Resources Limited) for [Read more]
Enbridge to Develop $1.6 Billion Wood Buffalo Extension Pipeline for Fort Hills and Suncor
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that it has been selected by the Fort Hills partners (Suncor Energy Inc., Total E&P Canada Ltd. and Teck Resources Limited) as well as Suncor Energy Oil Sands Limited Partnership (Suncor) to develop a new $1.6 billion pipeline to transport crude oil production under long term transportation commitments to Enbridge's mainline hub at Hardisty, Alberta. The Wood Buffalo Extension pipeline will [Read more]
Suncor Energy reports 2013 third quarter results
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Effective January 1, 2013, Suncor adopted new and amended accounting standards, described in the Other [Read more]
Suncor Energy and partners proceeding with Fort Hills oil sands project
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Suncor Energy today announced that, together with joint venture co-owners Total E&P Canada Ltd. and Teck Resources Limited., it has voted unanimously to proceed with the Fort Hills oil sands mining project. The Fort Hills project is located in Alberta's Athabasca region, 90 kilometres north of Fort McMurray. "The Fort Hills project is one of the best undeveloped oil sands mining assets in the Athabasca region, is an excellent fit [Read more]
New Brunswick Premier won’t meet with shale gas protesters, says there’s no point
FREDERICTON - New Brunswick Premier David Alward says he has no plans to visit a traditional First Nation longhouse that has been erected across the street from the provincial legislature to protest shale gas exploration. Alward said he doesn't see what would be achieved by meeting with Chief Candice Paul of the St. Mary's First Nation. "Chief Paul has made it quite clear where her position is on resource development and at this point in time I don't see what would be gained," Alward said [Read more]