CALGARY, ALBERTA--(Marketwired - Sept. 9, 2013) - NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Questerre Energy Corporation">Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today that drilling operations have been successfully completed on its fifth well (the "05-23 Well") targeting the liquids-rich Montney in the Kakwa-Resthaven area of Alberta. Questerre holds a 25% working interest in this [Read more]
Headlines
Alberta Government Order in Council Approval of Thickwood Project
CALGARY, Alberta, Sept. 8, 2013 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it received Alberta Order in Council approval for the Thickwood project onSeptember 6, 2013.The next regulatory step is final AER (Alberta Energy Regulator) approval. The Thickwood Project is Sunshine's second Steam Assisted Gravity Drainage (SAGD) commercial development. The Thickwood site is located approximately 70 kilometers west of Ft. [Read more]
Anti-Keystone billionaire releases series of negative ads
Anti-Keystone billionaire Tom Steyer's organization, NextGen Climate Action, has released a series of negative ads as part of a $1 million campaign to convince the American public against the Keystone XL pipeline. Below is the release courtesy PR Newswire: SAN FRANCISCO, Sept. 8, 2013 /PRNewswire-USNewswire/ -- NextGen Climate Action today began the first in a four-part, $1 million TV ad series designed for Sunday morning political shows. The first ad, "Who Profits From Keystone XL?" will [Read more]
TransCanada tries to sell merits of Energy East pipeline
FREDERICTON - When it comes to people like Cyrille Simard, TransCanada has a challenge in selling the Energy East Pipeline project in New Brunswick.The mayor of Edmundston says he wants the company to guarantee the west-to-east pipeline, which could traverse his city of 16,000, won't harm the area's watershed."They gave us the assurance that it was understood that it is a very important issue and that they would take care of that by bringing some new scenarios of a route," Simard [Read more]
CTF Uncovers $341,000 in Taxpayer Funding to PEMBINA INSTITUTE
A Canadian Taxpayers Federation Report by Derek Fildebrandt: Using Freedom of Information requests, the Canadian Taxpayers Federation (CTF) has uncovered documents (Part 1, Part 2, Part 3and Part 4) showing that the City of Calgary has provided $340,656 to an environmentalist advocacy group/think tank, the Pembina Institute. A majority of the taxpayer funding was to support ‘professional fees’ for communications, disbursements, greenhouse gas offsets and preparing reports. What these [Read more]
Marquee Energy Ltd. announces changes to management team
CALGARY, Sept. 6, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce certain changes to its management team. Consistent with Marquee's pursuit of being a technically driven operational leader, the Company is pleased to announce: Mr. Sam Yip, who has been a key executive member since joining Marquee in March 2012, has been appointed as Vice President, Engineering. Mr. Yip was most recently Vice President, Heavy Oil for Marquee and will now be [Read more]
Oil tops $110 as jobs data ups hopes of continued Fed stimulus, Putin backs Syria
NEW YORK (AP) - The price of oil topped US$110 a barrel Friday as Russian President Vladimir Putin said his country will continue helping Syria even if it comes under attack.U.S. economic news also gave a boost to oil as the latest jobs data fuelled expectations that the Federal Reserve will keep its economic stimulus measures in place longer than expected.Benchmark West Texas Intermediate crude for October delivery rose $1.92, or 1.8 per cent, to US$110.29 a barrel in afternoon trading on the [Read more]
REPORT: KNOC to sell Harvest
Financial Times is reporting Korea National Oil Corporation (KNOC) is seeking to sell 'lossmaking' Harvest Operations. According to reports, KNOC's CEO told reporters: We’ve made an internal decision to sell the Canadian company as its losses become bigger amid lower oil prices in North America...We are also looking into other foreign assets and seeking various ways to dispose of unprofitable assets. The move comes amid a slew of property sales in the western Canadian oilpatch. [Read more]
Calfrac buying Texas-focused company for$147M
CALGARY - Calfrac Well Services Ltd. says it will spend US$147 million to buy Mission Well Services LLC, a privately held hydraulic fracturing and coiled tubing services provider focused in Texas.Calgary-based Calfrac said Friday that the purchase includes about $7 million of working capital associated with the ongoing operations of the business.It also notes that the purchase will pre-empt a portion of its 2014 capital expenditure program, which is expected to include similar equipment.The deal [Read more]
Environmentalists say Alberta government keeping them out of oilsands hearing
EDMONTON - Alberta environmentalists argued in court Thursday that the provincial government is keeping them out of hearings on a proposed oilsands development at least partly because of their concerns about the industry.The accusation emerged in court documents filed in support of the Oilsands Environmental Coalition's bid to have a judge overturn a decision by Alberta Environment's northern region director denying the coalition the chance to present its concerns in hearings on a [Read more]