ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and analytics, today announced it has acquired Fekete Associates, a leading provider of integrated reservoir management software and services to the oil and gas industry. Terms of the transaction were not disclosed. “The acquisition of Fekete plays an important role in better supporting our customers as we continue to seamlessly connect IHS information and expertise with the right tools and [Read more]
Headlines
Pengrowth Adopts Advance Notice By-Law
CALGARY, ALBERTA--(Marketwired - Apr 15, 2013) -Pengrowth Energy Corporation (PGF.TO) (PGH) announced that its board of directors today approved the adoption of an advance notice by-law (By-law). Among other things, the By-law fixes a deadline by which shareholders must submit a notice of director nominations to the Corporation prior to any annual or special meeting of shareholders where directors are to be elected and sets forth the information that a shareholder must include in the notice for [Read more]
Inter Pipeline Fund Announces Long Term Ethane Sales Agreement with NOVA Chemicals
CALGARY, ALBERTA--(Marketwired - Apr 15, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has entered into a binding agreement with NOVA Chemicals Corporation ("NOVA") involving the long term sale of ethane production from its Cochrane extraction plant. Under the new agreement, NOVA will purchase the majority of ethane volumes produced from Inter Pipeline's extraction facilities at Cochrane, Alberta. The contract extends to the end of 2024 and will [Read more]
Madalena Provides an Update on its Domestic and International Operations and Increases its Production Capability to Approximately 2,000 boe/d
TSXV Trading Symbol: MVN CALGARY , April 15, 2013 /CNW/ - Madalena Ventures Inc. (MVN.V) (the "Company" or "Madalena") is pleased to provide operational updates across its Western Canadian ("domestic") and International assets. With the focus on production growth to start 2013, Madalena's productive capability is approximately 2,000 boe/d (44% oil and natural gas liquids ("NGLs")), representing a 900% increase from the Company's October 2012 production level. The Company has a current base [Read more]
Renegade Petroleum Ltd. Announces Q1 Operational Update, Initiation of a Strategic Review and Confirmation of April 2013 Dividend
CALGARY, ALBERTA--(Marketwired - Apr 15, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) a light oil focused exploration and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota is pleased to provide a first quarter operational update and to announce that the board of directors (the "Board") has initiated a strategic review of the Company. The Corporation is also confirming the payment of the April 15, 2013 dividend. FIRST [Read more]
Petrobakken Announces Q1 2013 Operations Update With Average Production of 49,100 Boepd
CALGARY, ALBERTA--(Marketwired - Apr 15, 2013) -PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (PBN.TO) is pleased to provide an update on our first quarter operations. Note that all well counts contained in this press release are net numbers. Consistent with our capital plan, the first quarter of 2013 was very active as we drilled 53 wells, placed 40 wells on production and exited the quarter with an inventory of 30 wells waiting to be brought on-stream. Although well activity [Read more]
Centrica, Qatar company acquire assets from Suncor for $1 billion
CALGARY - Centrica PLC of Britain and Qatar Petroleum International have reached an agreement with Suncor Energy to acquire most its conventional natural gas and crude oil assets in Alberta for $1 billion in cash. Suncor (TSX:SU.TO) says the transaction is subject to regulatory approval and is expected to close in the third quarter of 2013. The business will be held in a newly established partnership between Centrica and QPI, a wholly owned subsidiary of Qatar [Read more]
Trudeau 2.0 elected liberal leader
OTTAWA - Justin Trudeau called for an end to internal Liberal party divisions and an end to the partisan politics of division Sunday night as he was anointed party leader in a landslide, first-ballot win. Trudeau, eldest son of former prime minister Pierre Trudeau and the Liberals' undisputed star, swept more than 80 per cent of the available points in a final field of six candidates. Despite the foregone conclusion of Trudeau's coronation, a downtown Ottawa hotel was packed with [Read more]
TSX heads sharply lower amid falling commodity prices, weak U.S. retail data
By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market sold off Friday as concerns about the strength of the world's biggest economy raised demand worries and helped send oil and metal prices tumbling. The S&P/TSX composite index dropped 143.79 points to 12,337.59. Falling commodities helped push the Canadian dollar down 0.3 of a cent to 98.64 cents US. U.S. indexes recouped most of earlier losses resulting from earnings disappointments from banks and a [Read more]
Rig count continues to fall into spring season
[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`83`73`156 Last Week`117`89`206 Last Year`88`76`164 Week over Week Change`-34`-16`-50 Year over Year Change`-5`-3`-8[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]