CALGARY, July 2, 2013 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that it has established a long-term relationship with the community of Fort McKay, including the Fort McKay First Nation and the Fort McKay Metis Community Association. This relationship is based on respect for the community's efforts to preserve their traditional way of life. As a result of the establishment of this relationship, the community has provided a letter to the regulators confirming they have [Read more]
Headlines
No end in sight for protests against shale gas exploration in New Brunswick
FREDERICTON - The New Brunswick government is pitching the development of a shale gas industry in the province as a potential economic boom and job creator, but opponents are strengthening their resolve to block the idea, right at the exploration stage.Since early June, there have been protests while SWN Resources conducts the latest series of seismic testing near Elsipogtog, north of Moncton.Chief Arren Sock of the Elsipogtog First Nation is calling for an immediate moratorium on [Read more]
Enbridge Restarts Athabasca Pipeline; Provides Update on Regional Oil Sands System Status
CALGARY, ALBERTA--(Marketwired - July 1, 2013) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) today confirmed the return to service of the northern segment of the Athabasca Pipeline (Line 19) between Fort McMurray and Cheecham on June 30th. Enbridge continues to make progress in responding to the June 22nd release from its Line 37 pipeline; the failure of Line 37 has been confirmed to have been caused by a 1-in-100 year rainfall event last week which triggered ground movement on the [Read more]
CP says safety remains top priority despite layoffs and incidents
MONTREAL - Canadian Pacific Railway says this week's bridge incident in Calgary and recent derailments shouldn't raise public concerns about its ability to safely move dangerous goods, including crude oil.The railway says despite recent layoffs the number of bridge and track inspectors hasn't been reduced.Calgary's mayor and union leaders have questioned whether CEO Hunter Harrison's announced job cuts have undermined safety. The company has cut its workforce by 15 per cent to 14,920 [Read more]
Natural gas processor Keyera shuts down Alberta EnviroFuels plant for repairs
CALGARY - Natural gas processing company Keyera Corp. (TSX:KEY) said Friday that it has shut down its Alberta EnviroFuels plant for repairs.The company said the location was taken offline on June 15 due to problems that could not be fixed while the plant was running.Keyera said re-assembly of the process unit will begin shortly and it expects the plant will resume production of iso-octane in early July and reach normal production by mid-month.The company said the impact on sales was [Read more]
Price difference between Brent and WTI crude oil narrowing
Source: U.S. Energy Information Administration The Brent-WTI spread, the difference between the prices of Brent and West Texas Intermediate (WTI) crude oils, has narrowed considerably over the past several months. The spread, which was more than $23 per barrel ($/bbl) in mid-February, fell to under $9/bbl in April, and has ranged between $6/bbl and $10/bbl since then. The narrowing of the spread is supported by several factors that have: Lowered Brent (North Sea) prices because [Read more]
Canadian Oil Sands Contributes to Flood Relief Efforts
CALGARY, ALBERTA--(Marketwired - June 28, 2013) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) ("COS") announced today that it will donate $150,000 to support flood relief efforts in Calgary and surrounding area. The funds will be directed to the Red Cross, the United Way's emergency contingency fund, and other local organizations working with those most directly impacted. Along with this financial commitment, COS is supporting its employees in their volunteer efforts around the [Read more]
Canadian Energy Pipeline Association: Pipeline Industry Supports Federal Government Proposed Changes to Enhance Pipeline Safety
CALGARY, ALBERTA--(Marketwired - June 28, 2013) - CEPA supports the proposed changes to enhance pipeline safety and performance, as announced this week by Federal Minister, Honourable Joe Oliver. These changes align with our industry's commitment to improve its ongoing performance. "The pipeline industry is an important component of Canada's critical infrastructure," Brenda Kenny, president and CEO of the Canadian Energy Pipeline Association said. "We encourage strong, independent regulatory [Read more]
Second Wave Petroleum Inc. Announces Completion of Going Private Transaction
CALGARY, June 28, 2013 /CNW/ - Second Wave Petroleum Inc. (TSX:SCS) ("Second Wave" or the "Company") announces completion of the previously-announced going private transaction, pursuant to which Brookfield Bridge Lending Fund Inc. ("Brookfield"), the Company's controlling shareholder, has acquired all of the outstanding Second Wave common shares not already held by Brookfield and its affiliates for cash consideration of $0.30 per share. The transaction was completed today by plan of arrangement [Read more]
Drilling Rig Fatality reported in Northwestern Alberta
CALGARY, ALBERTA--(Marketwired - June 27, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Calmena Energy Services Inc. (TSX:CEZ) and Birchcliff Energy Ltd. (TSX:BIR) regret to report that late this morning a 32-year old man, employed by Calmena, died of injuries suffered in a fall on a drilling rig in northwestern Alberta. At the time of the incident the drilling rig, owned and operated by Calmena, was drilling surface [Read more]