OTTAWA - One of Stephen Harper's former cabinet ministers is urging First Nations to seize the "incredible opportunities" in the energy and natural resource sectors before they get left behind.Jim Prentice, who left government to become a top banking executive, said Tuesday that aboriginal peoples in this country now have the chance to cash in on a once-in-a-lifetime opportunity — but the clock is ticking."They will need to seize that opportunity and use the so-called duty-to-consult [Read more]
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Pengrowth Achieves $700 Million Disposition Target, Fully Funding Phase One of Lindbergh Development
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announced that it has entered into agreements for the successful completion of its $700 million non-core asset disposition program previously announced on January 11, 2013. The net proceeds from the disposition program will be used to fund ongoing capital expenditures, including fully funding the remaining budgeted capital expenditures associated with the 12,500 barrels per day (bbl/d) first [Read more]
TORC Oil & Gas Announces Strategic Acquisition, Transition to Sustainable Dividend Plus Growth Entity, Bought Deal Financing and Establishment of a Strong Relationship With a Cornerstone Investor
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce a $510 million acquisition of low decline, high netback, light oil producing assets (the "Acquired Assets") in southeast Saskatchewan (the "Acquisition") and a strategic transition of the Company's business model to an intermediate light oil producer [Read more]
Engineer at center of train derailment speaks out
LAC-MEGANTIC, Quebec (AP) -- The engineer who parked the oil train that rolled away, derailed and exploded in the center of a Quebec town was heard from Tuesday for the first time since the July 6 disaster that killed 50 people, with his lawyer saying he is "devastated." Lawyer Thomas Walsh said Tom Harding needs time to recover from the shock. Walsh said he hopes to get psychological help for his client, who has been staying at an undisclosed location to stay away from the media. "I used [Read more]
Crocotta Energy Announces Syndicated Bank Credit Facility
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. CROCOTTA ENERGY INC. (TSX:CTA) ("Crocotta") is pleased to announce that it has entered into a syndicated credit facility (the "Facility") with a syndicate of three chartered banks consisting of National Bank of Canada (as Administrative Agent), the Bank of Nova Scotia, and Alberta Treasury Branches and National Bank Financial as [Read more]
Cordy Announces Changes to Senior Management
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Cordy Oilfield Services Inc. ("Cordy") (TSX VENTURE:CKK) announces that it has accepted the resignation of Mr. Allen Cameron as the President and a director of Cordy. In addition, Mr. Bob Brunt has resigned as Cordy's Chief Operating Officer. "We would like to take this opportunity to thank Allen and Bob for their time and commitment to Cordy over the past six years," said David Mullen, Cordy's Chief Executive Officer. "We wish them all [Read more]
Suncor oilsands production fully restored following restart of Enbridge pipeline
CALGARY - Suncor Energy Inc. (TSX:SU) said it has fully restored oilsands production, which was disrupted by a precautionary shutdown of an Enbridge regional pipeline system in northern Alberta last month.Suncor said Tuesday it has been ramping up oilsands output since Enbridge (TSX:ENB) restarted the system earlier this month.Enbridge shut down its Athabasca and Waupisoo pipelines — a major part of the network that serves Alberta's oilsands — as a precaution after a June 22 spill from [Read more]
Ivanhoe Receives Letter of Non-Objection from Mikisew Cree First Nation Concerning the Tamarack Project
CALGARY, July 16, 2013 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that it has established a long-term relationship and negotiated a letter of non-objection regarding the Tamarack project with the Mikisew Cree First Nation. Ivanhoe Energy has now successfully secured letters of non-objection from five of the seven stakeholders that filed Statements of Concern (SOC) and continues efforts to resolve the final two SOCs. Ivanhoe Energy is an independent international [Read more]
Suncor Energy returns to full production at oil sands operations
CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Suncor Energy reports it has returned to full production at its oil sands operations. Since the restart of the Enbridge regional oil sands pipeline system earlier this month, Suncor has been ramping up its oil sands production as pipeline and storage capacity would allow. On June 24, Suncor announced that as a result of the precautionary shutdown of the Enbridge pipeline system within the Fort McMurray region, it had to reduce production [Read more]
Blackbird Energy Inc. Announces Death of Director David Finn
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 16, 2013) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird") announced today that David Finn, a director of the Company, died suddenly on July 15, 2013. David was appointed to the Blackbird board of directors in November 2009 and had a distinguished career in the oil & gas business for over 30 years. Garth Braun, CEO of Blackbird stated: "We are deeply saddened to announce David's passing. David's wealth of knowledge and [Read more]