CALGARY, ALBERTA--(Marketwired - Oct. 8, 2013) - Southern Pacific Resource Corp. (TSX:STP) ("Southern Pacific" or the "Company") today provided an operational update for the month of September 2013 with respect to the Company's STP-McKay and STP-Senlac thermal projects. Total Corporate Production Total Company production, which includes bitumen production from STP-McKay and heavy oil from STP-Senlac, averaged 5,042 bbl/d ("barrels of oil per day") for the month of September 2013, representing a [Read more]
Headlines
Coalition to Reiterate Support for Line 9B Reversal Project at National Energy Board Hearings
MONTREAL, Oct. 8, 2013 /CNW Telbec/ - The Coalition in support of the Line 9B reversal project and its member organizations reiterate their support for the Enbridge project and will participate in the National Energy Board hearings being held in Montreal this week. A key project for Quebec The Line 9B reversal project proposed by Enbridge is essential to Quebec's economy because it will bolster Quebec'spetrochemical industry by providing its refining and petrochemical sectors with a reliable [Read more]
Tourmaline Oil Corp. Announces Closing of Bought Deal Financing Including Exercise in Full of Over-Allotment Option
CALGARY, ALBERTA--(Marketwired - Oct. 8, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed its public offering of 3,450,000 common shares at a price of $41.75 per share, which includes 450,000 common shares issued pursuant to the [Read more]
Billionaire investor Carl Icahn takes on 6 per cent stake in Talisman
CALGARY - Billionaire investor Carl Icahn reveals he has bought more than 61.5 million shares of Talisman Energy Inc. for a 5.97 per cent stake in the Calgary-based oil and gas producer. In a U.S. regulatory filing, his firm says it believes Talisman's assets are "undervalued" and that it intends to have conversations with management about "asset sales or potential corporate restructuring," as well as "the possibility of shareholder board representation." [Read more]
Alaska LNG Project Selects Lead Terminal Location
ANCHORAGE, ALASKA--(Marketwired - Oct. 7, 2013) - ExxonMobil, BP, ConocoPhillips and TransCanada have selected a site in the Nikiski area on the Kenai Peninsula as the lead site for the proposed Alaska LNG project's natural gas liquefaction plant and terminal. More than 20 locations were evaluated based on conditions related to the environment, socioeconomics, cost, and other project and technical issues. "This is a step forward for the Alaska LNG project and shows continued [Read more]
Massive investments suggest BC LNG industry no pipe dream: minister
VANCOUVER - British Columbia's minister of natural gas development says a commitment by a Malaysian national company to build a liquefied natural gas plant in B.C. and investment by other countries suggests the province isn't chasing an LNG pipe dream.Rich Coleman will leave Friday for Malaysia, South Korea and China to promote what he calls B.C.'s competitive advantage when it comes to the LNG industry.Coleman says B.C.'s abundant natural gas supply could provide Asia's needs for 84 years [Read more]
Environmental group says some Albertans want tougher cold heavy oil regulations
PEACE RIVER, Alta. - An environmental group says some Albertans want tougher rules for oilsands producers that operate close to where people live. Ecojustice says some people in northwest Alberta have moved away from their homes because of health concerns about an extraction process called cold heavy oil production. The group made the comments Monday as the Alberta Energy Regulator held a public meeting in Peace River to set the scope for an inquiry that will look into their [Read more]
Shell survey reveals Canadians want more innovation & collaboration in building future energy solutions
Just under seven out of 10 Canadians rate future of energy needs as a very important issue VANCOUVER, Oct. 7, 2013 /CNW/ - The results of a new Shell survey, "Future of Energy" conducted by Ipsos, which identifies key issues and challenges in meeting global energy needs, was released today at Shell's Canadian Innovation Summit in Vancouver. Among the key findings: 68 per cent of Canadians think that the future of energy is a very important issue, and this is higher among women and those [Read more]
Strategic Oil & Gas Ltd. Closes $30,820,125 Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwired - Oct. 7, 2013) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Pursuant to the Offering, the Company has issued 12,650,000 common shares (the "Common Shares") at a price of $0.95 per Common Share and 15,454,545 common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Flow-Through Shares") at a [Read more]
Oil falls below US$103 a barrel as Gulf storm passes, US debt deadline nears
The price of oil fell below US$103 a barrel Monday as a partial U.S. government shutdown entered a second week and crude production in the Gulf of Mexico got back on track after a storm system passed through. By early afternoon in Europe, benchmark crude for November delivery was down $1.03 to US$102.81 a barrel in electronic trading on the New York Mercantile Exchange. The contact rose 53 cents to close at $103.84 on the Nymex on Friday. The U.S. was forced to curtail government [Read more]