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]
Headlines
Lightstream Announces Third Quarter 2013 Production of 45,100 boepd, a 17% Increase Over 2012
CALGARY, ALBERTA--(Marketwired - Oct. 9, 2013) - Lightstream Resources Ltd. ("Lightstream" or the "Company") (TSX:LTS) is pleased to provide an update on our third quarter operations. Third quarter production was approximately 45,100 barrels of oil equivalent per day ("boepd") (78% light oil and liquids weighted), based on field estimates, a 17% increase over third quarter 2012. The Cardium business unit produced approximately 20,600 boepd and the Bakken business unit produced [Read more]
Renegade Petroleum Ltd. Announces Executive and Board Changes
CALGARY, ALBERTA--(Marketwired - Oct. 9, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) announces the departure of Mr. Michael Erickson, President, Chief Executive Officer and a director of the Company, effective immediately. The Renegade board of directors (the "Board") and Renegade's management team thank Mr. Erickson for his contributions to the Company and wish him success in the future. Mr. Andrew Greenslade P.Eng., the Vice President, Operations of the [Read more]
Washington state pulls permits for two oil train terminals
SEATTLE (AP) — Officials are rejecting permits for two major oil-train terminals in Southwest Washington after deciding the projects should face more environmental scrutiny. The state Shorelines Hearings Board issued a letter Wednesday saying it plans to invalidate the permits for Westway Terminal Co. and Imperium Terminal Services, which want to build oil shipping terminals at the Port of Grays Harbor that could store up to 1.5 million barrels of crude from North Dakota and Alberta. The city [Read more]
Twin Butte Energy to Acquire Private Oil Producer and Proceed With $70 Million Bought Deal Financing
CALGARY, Oct. 9, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to announce that it has entered into an arrangement agreement ("Arrangement Agreement") with Black Shire Energy Inc. ("Black Shire") providing for the acquisition (the "Black Shire Acquisition") by Twin Butte of all of the issued and outstanding class "A" common shares ("Black Shire Shares") of Black Shire for total consideration of approximately $358.0 million, including the assumption of [Read more]
Alberta woman loses round in anti fracking lawsuit, can’t sue regulator
ROSEBUD, Alta. - An Alberta woman has lost a round in her legal battle against the contentious process of hydraulic fracturing. Jessica Ernst launched a $33-million lawsuit against the Alberta government, the province's energy regulator and energy company Encana. She claims gas wells fracked around her property in southern Alberta unleashed hazardous amounts of methane and ethane gas and other chemicals into her water well. An Alberta Court of Queen's Bench judge has ruled Ernst can't [Read more]
LNG BOOM! Site set for Alaska LNG mega project
JUNEAU, Alaska (AP) -- On Monday, Exxon Mobil, BP, ConocoPhillips and TransCanada Corp. announced the Kenai Peninsula town of Nikiski is the leading contender for the terminal site where gas would be liquefied and shipped to Asia. The decision, applauded by state leaders as a sign of continued progress, signaled that a decades-old dream could become a reality even though major hurdles remain. Larry Persily, federal coordinator for Alaska natural gas pipeline projects, said the state is closer [Read more]
Enbridge Line 9B reversal project: Industrial Association for the East of Montreal reiterates its support for project in front of National Energy Board
MONTREAL, Oct. 9, 2013 /CNW Telbec/ - Mr. André Brunelle, President of the Industrial Association for the East ofMontreal (AIEM) reiterated his organization's support for the Line 9B reversal project while at the National Energy Board hearings. According to Mr. Brunelle: "By providing refiners with access to a reliable and lower cost source of oil this project will not only assure their competitiveness and dynamism; it will also maintain thousands of jobs and the economic vitality of Montreal [Read more]
Oil dips below $104 after IMF cuts global economic forecast
AMSTERDAM - The head of Greenpeace International has written to Russian President Vladimir Putin requesting a meeting in Moscow — and offering himself as human bail for 30 environmental activists, including two Canadians, being detained in Murmansk, Russia. Kumi Naidoo of the Amsterdam-based organization delivered the letter to the Russian Embassy in The Hague, Netherlands on Wednesday. He said he would guarantee the activists' good conduct but said that piracy charges against them don't [Read more]
Pipeline push begins at National Energy Board hearings
MONTREAL - A pipeline operator has begun arguing its case to send oilsands crude flowing from the Alberta oilpatch to Eastern Canada, in a controversial proposal to reverse the flow on one of its lines.The National Energy Board hearings into the proposal by Enbridge Inc. have gotten underway at a time when Canada is struggling to find ways to ship Alberta bitumen to foreign markets amid stiff opposition fuelled by safety and environmental concerns.Representatives for Enbridge made their case in [Read more]