CALGARY - The train disaster that devastated a Quebec town over the weekend is likely to intensify the debate around transporting crude oil — regardless of whether it's by rail or pipeline, observers say.Lac-Megantic, Que., is reeling from the oil-fuelled infernos at a time when two proposals are being weighed to ship Western crude east through the province by reconfiguring existing pipelines.For Adam Scott of Environmental Defence, the concern is more about the dangers of what's [Read more]
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Rock Energy Announces Appointment of Director
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Rock Energy Inc. ("Rock") (TSX:RE) is pleased to announce that effective July 8, 2013, Mr. Robert Maitland has been appointed to the Board of Directors of Rock Energy, and will serve as the Chairman of the Audit Committee. Robert is a Chartered Accountant with over 35 years' experience primarily in the oil and gas industry, he has graduated from the Institute of Corporate Directors having completed the Director's Education Program, and [Read more]
Imperial Oil and ExxonMobil Contribute $500,000 to Alberta Flood Response
Employee volunteers, suppliers and Esso gas stations fuel recovery efforts Imperial and ExxonMobil each pledge $250,000 Hundreds of employees participate in Days of Caring Esso gift cards and other in-kind goods delivered to hardest hit communities CALGARY, July 8, 2013 /CNW/ - Imperial Oil Foundation and its majority shareholder, Exxon Mobil Corporation announced today a contribution of $500,000 for flood-response efforts in southern Alberta. Imperial provided an [Read more]
THE AFTERMATH, Incredible images from area after Quebec train derailment, explosion
Photo: Close-up aerial view of #derailment site after explosion #LacMegantic http://t.co/woqZdxv4QP— TSB of Canada (@TSBCanada) July 7, 2013 Photo: aerial view of charred freight train in #LacMegantic http://t.co/8GmejLjK43— TSB of Canada (@TSBCanada) July 8, 2013 Photo: aerial view of charred freight train in #LacMegantic http://t.co/NhBFPJIJje— TSB of Canada (@TSBCanada) July 8, 2013 Photo: derailed rail cars in #LacMegantic http://t.co/jJ7VRBy4Bv— TSB of [Read more]
ON THE BRINK: Clashes by Egypt army, protesters kill at least 54
CAIRO (AP) -- Egyptian soldiers and police clashed with Islamists protesting the military's ouster of the president in bloodshed that left at least 51 protesters and three members of the security forces dead, officials and witnesses said, and plunged the divided country deeper into crisis with calls by the Muslim Brotherhood's political party for all-out rebellion against the army. The carnage outside the Republican Guard building in Cairo - where toppled President Mohammed Morsi was first [Read more]
Southern Pacific Provides June Operational Update
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today provided an operational update for the month of June, 2013 with respect to the Company's STP-McKay and STP-Senlac Thermal Projects. Total Corporate Production Total Company production averaged 4,347 bbl/d for the month ended June, 2013, which is a 5% increase from the previous month. STP-McKay Thermal Project - Production [Read more]
Lightstream Announces Second Quarter 2013 Production of 46,000 Boepd
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Lightstream Resources Ltd. ("Lightstream" or the "Company") (TSX:LTS) is pleased to provide an update on our second quarter operations. Production in June averaged approximately 45,000 barrels of oil equivalent per day ("boepd") (82% light oil and liquids weighted), which contributed to our second quarter average production of approximately 46,000 boepd. This represents a 19% increase over our second quarter 2012 average production of [Read more]
Baytex Appoints Board and Executive Members and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) is pleased to report that the Board of Directors has appointed Mary Ellen Peters as a director of the company. Ms. Peters has over 30 years of oil and gas experience and most recently served as Senior Vice President, Transportation and Logistics at Marathon Petroleum Company LP. Ms. Peters' previous board experience includes acting as Chairman of the Board of Managers for Louisiana Offshore Oil [Read more]
DeeThree Exploration Ltd. Announces 30-Day Brazeau Belly River and Lethbridge Alberta Bakken Production Rates
CALGARY, ALBERTA--(Marketwired - July 8, 2013) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to announce the average 30-day initial production rates of the significant Brazeau Belly River and Lethbridge Alberta Bakken horizontal wells drilled earlier this spring. DeeThree announced the highest initial test rate to date from a Belly River horizontal well drilled in its Brazeau core property on April 8th, 2013. After more than 30 days of [Read more]
40 people considered missing in Quebec train disaster; five declared dead
LAC-MEGANTIC, Que. - About 40 people are considered missing after the spectacular blaze and explosions that razed much of Lac-Megantic, increasing the likelihood that the number of fatalities could soar from the current official death toll of five. "I can tell you that we have met a lot of people....and what I can tell you is that about 40 people are considered missing," Quebec provincial police Lt. Michel Brunet told a news conference. "We have to be careful with that number [Read more]