(AP) - The price of oil jumped more than US$2 on Tuesday, to above $108 a barrel, after the U.S. defence secretary said American forces were ready to act on any order by President Barack Obama to strike Syria. Warships move closer to Syria as Obama considers military options over 'chemical weapons use' http://t.co/KtsaNx9EQt pic.twitter.com/1ci2mtuhLM— New York Post (@nypost) August 24, 2013 By early afternoon in Europe, U.S. benchmark crude for October delivery was up $2.12 to [Read more]
Headlines
More than five million hours of work lost due to Alberta flood
OTTAWA - Statistics Canada says the extensive flooding that hit Alberta in June produced a net loss of 5.1 million hours of work.The agency says 300,000 employed Albertans, or 13.5 per cent of the total working population, lost 7.5 million hours of work during the floods.At the same time, 134,000 people, or 6.0 per cent of workers, put in 2.4 million additional hours.There was a net loss in hours worked in all industries, except utilities and public administration.More than a quarter [Read more]
Kelt Exploration Ltd. closes $111.6 million equity financing including full exercise of the over-allotment option
CALGARY, Aug. 27, 2013 /CNW/ - ("KEL" - TSX) - Kelt Exploration Ltd. ("Kelt" or the "Company") is pleased to announce that it has completed a bought deal private placement offering (the "Offering") with a syndicate of underwriters led by Peters & Co. Limited and including FirstEnergy Capital Corp., CIBC World Markets Inc., DundeeSecurities Ltd., RBC Dominion Securities Inc., GMP Securities L.P., Stifel Nicolaus Canada Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., [Read more]
Alberta Energy Regulator Approves Application for HCSS Demonstration Project on Deep Well’s Lands
EDMONTON, ALBERTA--(Marketwired - Aug. 27, 2013) - Deep Well Oil & Gas, Inc. (and its subsidiaries Northern Alberta Oil Ltd. and Deep Well Oil & Gas, Inc. - "Deep Well" or "Company") (OTCQB:DWOG) is pleased to announce that the Alberta Energy Regulator ("AER", formerly known as the Energy Resources Conservation Board or ERCB) has approved an application previously submitted by the Company to the AER for development using Horizontal Cyclical Steam Stimulation ("HCSS"), planned for the thermal [Read more]
Amarok Energy Inc. Announces the Release of Second Quarter 2013 Financial Results and Operations Update
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2013) - Amarok Energy Inc. ("Amarok" or the "Corporation") (TSX VENTURE:AMR) announces the release of its financial results for the three and six months ended June 30, 2013. The Corporation's financial statements and management's discussion and analysis for the three and months ended June 30, 2013 will be available on SEDAR at www.sedar.com. The raw seismic for the leased land in Laurel, Montana that was processed at a third party [Read more]
Atikwa Seeks Shareholder Support in Proxy Vote
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2013) - Atikwa Resources Inc. (TSX VENTURE:ATK) ("Atikwa" or the "Company") would like to remind shareholders that is it extremely important to cast their proxy vote to ensure that Management's proposal is passed at the AGM on Friday, August 30th. Atikwa is extremely grateful to those shareholders who have already changed their proxy vote (from the GREEN proxy circulated by the Vancouver Group) to the Management proxy. If you have not yet voted, you are [Read more]
Suncor Energy opens new reclamation project: Nikanotee Fen
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2013) - Suncor Energy today celebrated another milestone in its reclamation efforts with the planting of a type of wetland called a fen at the company's base plant north of Fort McMurray, Alberta. A fen is a specific type of peat-accumulating wetland, common to the region. Suncor is one of the first companies in the world to attempt reconstruction of this type of wetland, and has been doing so in cooperation with a number of university [Read more]
RedWater Reports Strong Financial Results on Higher Production
OKOTOKS, ALBERTA--(Marketwired - Aug. 26, 2013) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to report record financial and operating results for the three and six month periods ended June 30, 2013. RedWater's interim condensed financial statements and related management's discussion and analysis for the three and six months ended June 30, 2013 have been filed and are available on the SEDAR website at www.sedar.com and may also be obtained on RedWater's website at [Read more]
Altima Enters into Participation Agreement for Tie-In of COPOL HZ 14-15-41-11 W5M Well and Provides Update on Construction of 14-35-41-11 W5M Pipeline and Facilities at Chambers-Ferrier, Alberta
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces that it has entered into a Participation Agreement with Acumen Energy Partners Inc. ("Acumen"), pursuant to which Acumen has been granted the right to earn a 5% working interest (the "Working Interest") in the Company's 30% working interest in the COPOL ET AL HZ CHAMERS 14-15-41-11 W5M well (the "Well") and the associated Pooled Lands located in the [Read more]
Greenpeace says it has left Russian waters under threat of gunfire
A Greenpeace icebreaker in the Russian Arctic without permission to protest offshore energy exploration says it is leaving after being threatened with gunfire.Crew on board the Arctic Sunrise say the ship is steaming out of the Kara Sea after being boarded and searched by the Russian coast guard.Crew member Christy Ferguson says four unarmed coast guard officers boarded the ship early this morning after the Arctic Sunrise deployed several small boats to protest the activities of a [Read more]