Gas is getting a bit pricier ahead of Labor Day weekend.The average U.S. price for a gallon of gasoline rose by 1.8 cents to $3.56 a gallon Thursday, its biggest overnight jump in six weeks, according to auto club AAA.Gas is starting to track the rising price of oil, which reached a two-year high this week on fears of supply disruptions in the Middle East. Oil has risen 5 per cent in August on worries about escalating violence in Egypt and the possibility of U.S. strike against [Read more]
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Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2013
CALGARY, ALBERTA--(Marketwired - Aug. 29, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the second quarter of 2013. The full text of Manitok's second quarter report containing its unaudited condensed interim financial statements as at and for the three and six months ended June 30, 2013 [Read more]
REALLY? Quebec premier has positive words for Enbridge pipeline project
CARLETON-SUR-MER, Que. - Quebec Premier Pauline Marois has defended a pipeline project that would see Western Canadian oil pumped across her province.Marois says the controversial Enbridge Inc. proposal to reverse the flow of one of its pipelines could be a boon for Quebec — particularly since it would supply oil refineries in Montreal.Speaking to reporters today, she said the Alberta crude would be cheaper than oil purchased from abroad.Marois says her government will begin a formal [Read more]
First Mountain Exploration Ltd. Announces Property Acquisition, Proposed Private Placement and Files Q2 2013 Financial Results
CALGARY, Aug. 29, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) is pleased to announce that it has closed the acquisition (the "Acquisition") of an additional 35% interest in certain oil and gas producing assets in the Atlee Buffalo area of Alberta (the "Atlee Buffalo Assets") from a private Company for cash consideration of $280,000, before closing adjustments. After completion of the Acquisition, First Mountain's total working interest in [Read more]
Tuscany Announces Q2 2013 Results
CALGARY, ALBERTA--(Marketwired - Aug. 29, 2013) - Tuscany Energy Ltd. (TSX VENTURE:TUS) announces that it has filed on SEDAR its Interim Financial Statements and MD&A for the six months ended June 30, 2013. Tuscany is pleased to report on the progress of its business plan to June 30, 2013. During Q2 2013 Tuscany focused its efforts on completing the acquisition of Diaz Resources Ltd. and preparing for the development of its heavy oil properties in Saskatchewan. The acquisition of [Read more]
Stats show Americans not that into driving anymore
WASHINGTON (AP) -- Driving in America has stalled, leading researchers to ask: Is the national love affair with the automobile over? After rising for decades, total vehicle use in the U.S. - the collective miles people drive - peaked in August 2007. It then dropped sharply during the Great Recession and has largely plateaued since, even though the economy is recovering and the population growing. Just this week the Federal Highway Administration reported vehicle miles traveled during the [Read more]
Questerre Secures First of Key Contracts to Guarantee Market Access
CALGARY, ALBERTA--(Marketwired - Aug. 29, 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 it has entered into an agreement with a subsidiary of Pembina Pipeline Corporation for 20 MMcf/d of natural gas and associated liquids processing at a new propane-plus (C3+) shallow cut gas plant located in the [Read more]
Nova Scotia launches fracking review
HALIFAX - The Nova Scotia government is pulling the plug on an internal review it launched two years ago into hydraulic fracturing in favour of what it says is a more comprehensive and independent study of the controversial practice.The review will be led by David Wheeler, the president of Cape Breton University and an expert on water quality and groundwater pollution.Energy Minister Charlie Parker said Wheeler will hold public consultations and assemble an advisory panel of experts to [Read more]
Northern Spirit Resources Inc. Announces Appointment of New Director and Filing of Second Quarter 2013 Financial Statements and Management’s Discussion and Analysis
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2013) - Northern Spirit Resources Inc. (TSX VENTURE:NS) ("Northern Spirit") is pleased to announce that Mr. Paul Cheung has joined Northern Spirit's board of directors. Mr. Cheung has been an independent businessman since January 2001. He has founded multiple drilling and oilfield services companies since 1997, including Alliance Drilling and Oilfield Services Ltd., Partner Drilling Ltd., Advance Drilling Ltd. and Independent Well Servicing Ltd. [Read more]
Sonde Resources Corp. Announces Senior Management Changes
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2013) - Sonde Resources Corp. ("Sonde") (TSX:SOQ)(NYSE MKT:SOQ) announced today that its Board of Directors has approved the following changes to its Senior Management structure. Effective September 1, 2013, Rene P. Beaumier has been appointed Chief Financial Officer of Sonde. Rene is a Chartered Accountant and has over twenty five years of accounting and international petroleum experience. Since 2010, Rene has been a consultant, including acting as [Read more]