CALGARY, ALBERTA--(Marketwired - Aug. 1, 2013) - HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars) Second quarter earnings were $42 million and six months earnings were $292 million, both including net unrealized non-cash mark-to-market losses Second quarter and six months adjusted earnings increased 12% to $306 million and 23% to $794 million, respectively [Read more]
Headlines
Long Run Exploration Ltd. Announces Second Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - July 31, 2013) - Long Run Exploration Ltd. ("Long Run" or the "Corporation") (TSX:LRE) is pleased to report financial and operational results for the quarter ended June 30, 2013. The unaudited financial statements of Long Run for the quarter ended June 30, 2013 and the related Management's Discussion and Analysis ("MD&A") can be accessed on-line on SEDAR at www.sedar.com or on Long Run's website at www.longrunexploration.com. ACCOMPLISHMENTS [Read more]
Increased storage needed for natural gas in Nova Scotia: provincial study
HALIFAX - A study prepared for Nova Scotia's provincial government says natural gas customers in the province are forced to buy the fuel from the New England market in the coldest months, driving up the price.The study by ICF Consulting Canada Inc. says more natural gas storage is needed in the province to help moderate the price hikes in the winter.Last winter, dwindling natural gas reserves coupled with price fluctuations prompted the province to launch the study on how it can secure [Read more]
RockBridge Appoints Senior Vice-President
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2013) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to announce that it has appointed Mr. Dario Sodero, of Calgary, Alberta as its new Senior Vice-President. Mr. Sodero, who has been a director of RockBridge since January 2011, will oversee the Company's operations and will be an integral part of the Company's ongoing consideration of further possible acquisitions or strategic alternatives. [Read more]
Pembina Announces Long-Term Agreements for Storage and Additional Infrastructure Expansions to Support Further Development at Redwater
Pembina to invest $65 million at its Redwater site to build a new hydrocarbon storage cavern and to advance potential third fractionator CALGARY, July 31, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has entered into long-term cost-of-service agreements with NOVA Chemicals Corporation ("NOVA") for the use of an underground storage cavern currently in development at Pembina's Redwater fractionation and storage site [Read more]
Canadian Natural Resources says leaks at Primrose oilsands operation contained
CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ) says a mechanical failure caused contamination at its Primrose project on the Cold Lake Air Weapons Range, but says the damage has been contained and cleanup is ongoing.About 6,300 barrels of bitumen emulsion have been collected to date, with the rate of seepage now totalling less than 20 barrels per day, the company said Wednesday. The four locations initially impacted at Primrose covered an area of 20.7 hectares, but the area in [Read more]
Ford to offer natural gas F-150 for 2014
DETROIT (AP) -- Ford soon will offer a natural gas version of its F-150 pickup truck, the most popular vehicle in America. The company is the first Detroit automaker with that option in a light-duty pickup truck. Ford, General Motors and Chrysler already have natural gas-powered heavy-duty trucks. Ford says natural gas will be available on the 2014 F-150s with 3.7-Liter V-6 engines. The trucks will have factory-installed valves, pistons and rings to handle natural gas and gasoline. The option [Read more]
Athabasca Oil Corporation Reports Second Quarter 2013 Results
CALGARY, July 31, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its second quarter 2013 results. Highlights Capital expenditures during the second quarter totalled $143 million, $92 million in the Thermal Oil Division and $48 million in the Light Oil Division and the remainder for corporate assets; Production in the second quarter averaged 7,258 barrels of oil equivalent per day ("boe/d"), with an average production of 8,552 boe/d [Read more]
Canadian Natural Resources Limited Current Status of Primrose Operations
CALGARY, ALBERTA--(Marketwired - July 31, 2013) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") would like to provide an update to an incident at the Company's Primrose development area in which bitumen emulsion was discovered at surface at four separate locations. The discoveries were immediately reported to the Alberta Energy Regulator ("AER") and concurrently crews were dispatched to initiate necessary action. Each location has been secured and [Read more]
Talisman Energy posts Q2 operating loss
CALGARY - Talisman Energy Inc. (TSX:TLM) is reporting an operating loss in the second quarter, worse than analysts had expected from the Calgary-based oil and gas producer.Talisman reported a $27 million loss from operations, or three cents per share, in the quarter — down from a year earlier profit of $71 million or seven cents per share.Analysts polled by Thomson Reuters had recently lowered their estimates for Talisman to less than a cent per share of adjusted earnings.The [Read more]