CALGARY, ALBERTA--(Marketwired - Aug. 1, 2013) - Coral Hill Energy Ltd. (the "Company") is pleased to announce that pursuant to a decision of the Court of Queen's Bench of the Province of Alberta (the "Court"), the applications by the Company, Wave Energy Ltd. ("Wave") and certain former directors of Wave for summary dismissal of the previously announced statement of claim filed by Edward Robert Fisher (the "Plaintiff") against each of the defendants has been granted. Pursuant to the decision of [Read more]
Headlines
Chevron Canada Limited Increases its Landholdings in Alberta’s Duvernay Formation
CALGARY, Aug. 1, 2013 /CNW/ - Chevron Canada Limited (CCL) announced today the signing of an agreement to acquire all interests from Alta Energy Luxembourg S.à.r.l. and affiliates in the Duvernay shale formation in west-central Alberta. The acquired interests cover 67,900 net acres. The purchase price was not disclosed. "This agreement further strengthens our land position in the core part of this prospective wet shale gas play, where we have exploration leases totaling more than 250,000 [Read more]
Advantage Announces Change in Management
CALGARY, Aug. 1, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announces that Mr.Kelly Drader has resigned as Chief Financial Officer and Director of the Corporation to focus on his role as President and Chief Executive Officer of Longview Oil Corp. ("Longview"). In April, 2011 Longview acquired certain oil-weighted assets of Advantage located in West Central Alberta, Southeast Saskatchewan and the Lloydminster area ofSaskatchewan. Advantage currently holds [Read more]
ARC Resources Ltd. reports second quarter 2013 results
CALGARY, Aug. 1, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its second quarter 2013 operating and financial results. Second quarter production was 93,436 boe per day and funds from operations were $201.2 million ($0.65 per share). ARC's Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for three and six months ended June 30, 2013 and 2012, are available on ARC's website [Read more]
Energy East Pipeline a political boost to Harper
OTTAWA - Apparently stymied to the West and possibly to the South, the Harper government's pipe dreams for turning Canada into an energy superpower got a measure of credibility with Thursday's unveiling of a plan to carry Alberta crude east.The $12 billion Energy East proposal to pipe crude from Alberta to the Atlantic — once considered the least likely escape route for the landlocked resource — has overnight vaulted as the pipeline with the best prospects for success, and the most [Read more]
Oil soars on positive signs for global economy
NEW YORK (AP) -- The price of oil is suddenly marching upward again. Oil rose $2.86 a barrel Thursday, for a two-day gain of $4.81, or 4.7 percent. That erased a $4 decline in the week ended Tuesday. Positive signs on the global economy were the catalyst Thursday. Data from China and Europe showed improvement in manufacturing. In the U.S., in addition to a strong report on manufacturing, a drop in unemployment claims indicated a strengthening job market. Even with those signs of [Read more]
Saskatchewan premier Wall welcomes plan for pipeline to move western oil east
SASKATOON - Saskatchewan Premier Brad Wall says a proposed pipeline that would move oil from Western Canada to the East Coast would bring many benefits to his province.TransCanada Corp. has announced that it is moving ahead with a $12-billion plan to ship crude oil from Alberta, through Saskatchewan and on to eastern refineries.The pipeline would move 1.1 million barrels of oil a day and would use existing natural gas lines in Saskatchewan as well as new lines.Wall says the project [Read more]
Pengrowth Reports Solid Second Quarter Production and Significant Progress on Thermal Strategy
CALGARY, ALBERTA--(Marketwired - Aug. 1, 2013) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced financial and operating results for the second quarter of 2013. "We have been highlighting Pengrowth's differentiated strategy of moving to a sustainable, lower decline production mix, bolstered by thermal bitumen production," said Derek Evans, Pengrowth's President and CEO. "During and subsequent to the second quarter of 2013, we have demonstrated our ability to execute that [Read more]
Bonavista Energy Corporation Announces 2013 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 1, 2013) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to report to shareholders its condensed consolidated interim financial and operating results for the three and six months ended June 30, 2013. The unaudited financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at [Read more]
Canadian Building Trades pleased by the TransCanada Corporation announcement of the Energy-East Project
OTTAWA, Aug. 1, 2013 /CNW/ - The Canadian Building Trades is very pleased by the TransCanada Corporation announcement of the Energy-East Project; Director of Canadian Affairs Robert Blakely said "This is the sort of job that proves that a pipeline is a conduit that connects high paying jobs in one region of Canada to high paying, long term and sustainable jobs in other Canadian Regions. At the same time as providing this job bonanza it changes the game for refiners in Central and Atlantic [Read more]