NEW YORK (AP) -- The nation's natural gas supplies rose last week, the government said Thursday. The Energy Department's Energy Information Administration reported that natural gas in storage grew by 41 billion cubic feet to 2.786 trillion cubic feet for the week ended July 19. Analysts expected a rise of 47 billion to 51 billion cubic feet, according to a survey by Plates, the energy information arm of McGraw-Hill Cos. The inventory level was 1.6 percent below the five-year average of [Read more]
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Sediment clogs wild natural gas well in the Gulf
NEW ORLEANS (AP) -- Natural gas has stopped flowing from a well that has been ablaze in the Gulf of Mexico and remaining small flames are from gas still in the pipe, regulators said Thursday. The well "bridged over," the line blocked by sand and sediment that filled in the area being drilled, the Bureau of Safety and Environmental Enforcement said in a news release. "The fire has decreased to a small flame fueled by residual gas at the top of the well," the statement said. It said both [Read more]
Rig owner eyes relief well to divert gas spewing in Gulf of Mexico off Louisiana’s coast
NEW ORLEANS (AP) - The owner of a natural gas drilling rig aflame off of Louisiana's coast said preparations were under way for the possible drilling of a relief well to divert gas from the site and bring the well under control. Fire Erupts On Gulf Of Mexico Rig After Natural Gas Blowout http://t.co/vU8JziJK6K pic.twitter.com/NpJ3dahctW— BuzzFeed News (@BuzzFeedNews) July 25, 2013 Adam Bourgoyne, a former dean of Louisiana State University's petroleum engineering department, said [Read more]
Painted Pony Petroleum Announces Completion of Two Successful 100% Montney Wells and Provides Operations Update
CALGARY, ALBERTA--(Marketwired - July 25, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to provide the following operations and activity update. The Company's operating highlights during the second and third quarters of 2013 to-date include: Blair: finished drilling and completion operations on two 100% working interest Upper Montney horizontal wells situated on the 91-F/94-B-16 pad. One of these wells was [Read more]
Husky Energy Continues to Deliver Consistent Execution
CALGARY, ALBERTA--(Marketwired - July 25, 2013) - Husky Energy (TSX:HSE) (TSX:HSE.PR.A) delivered another strong performance in the second quarter, achieving several key milestones including the successful installation of the topsides for the Liwan Gas Project in the Asia Pacific Region and the confirmation of a second deepwater discovery in the Atlantic Region. "This quarter once again demonstrated the consistent execution of our business plan and the benefit of our focused [Read more]
OPINION: Rail Tragedy in Quebec Highlights Need for Keystone XL
On July 6, a train carrying 72 carloads of crude oil derailed in Lac-Megantic, a small Quebec town just 10 miles from the Maine border. The resulting explosion and fires left an estimated 50 people dead. The tragedy resulting from this runaway train has devastated a community and reignited the debate surrounding the transport of oil in North America. While both rail and pipeline transport have been incredibly safe historically, a recent string of rail mishaps coupled with a national oil and [Read more]
Brookfield Office Properties to Commence Construction of 2.4-Million-Square-Foot Office Development in Downtown Calgary
Cenovus Energy Leases One Million Square Feet to Be Anchor Tenant of 'Brookfield Place Calgary' CALGARY, AB--(Marketwired - Jul 24, 2013) - Brookfield Office Properties Inc. (NYSE: BPO) (TSX: BPO) today announced that it will commence construction of a 2.4-million-square-foot office development project in downtown Calgary to be named 'Brookfield Place Calgary.' Cenovus Energy Inc. (NYSE: CVE) (TSX: CVE), a leading Canadian oil company, has agreed to lease one million square feet of the [Read more]
Altima Updates Operations in Chambers, Alberta
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH) (PINKSHEETS:ARSLF) (FRANKFURT:AKC) announces that on July 23, 2013 it acquired a 100% working interest in section 36 Twp. 41 Rge, 11 W5M, the 10-36-41-11 W5M well (the "10-36 Well"), and an approximate 4.36 km 4.5 inch natural gas pipeline. The subject pipeline ties the 10-36 Well to the Baytex Aurora Gas Gathering System tie in point at the 04-04-41-11 W5M Baytex compressor station. This line [Read more]
Pine Cliff Completes Acquisition of a Further Working Interest in the Monogram Unit
CALGARY, ALBERTA--(Marketwired - July 24, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that the previously announced acquisition of an additional working interest in the Monogram unit and related infrastructure in the Province of Alberta for cash consideration of $34 million, prior to adjustments, has closed. Pine Cliff now has production of approximately [Read more]
US crude oil supplies drop by 2.8 million barrels
NEW YORK (AP) -- The nation's crude oil supplies shrank last week, the government said Wednesday. Crude supplies declined by 2.8 million barrels, or 0.8 percent, to 364.2 million barrels, which is 4.2 percent below year-ago levels, the Energy Department's Energy Information Administration said in its weekly report. Analysts expected a decrease of 2.6 million barrels for the week ended July 19, according to Platts, the energy information arm of McGraw-Hill Cos. Gasoline supplies dropped [Read more]