TERRACE, B.C. - The panel weighing the future of the Northern Gateway pipeline will hear today from industry players who support the project.The Canadian Association of Petroleum Producers and Enbridge's (TSX:ENB) partners in the project, including Cenovus (TSX:CVE) and Suncor Energy, are scheduled to make their final arguments to the federal panel hearing in Terrace, B.C.A B.C. government lawyer addressed the panel on Monday, saying the project should not be approved as [Read more]
Headlines
Northern Gateway is in interest of all Canadians, company tells review board
CALGARY - The Conference Board of Canada says uncertainty over new pipeline projects poses a threat to Canadian companies that provide services to oil and gas producers.The Ottawa-based think-tank predicts the sector's real economic output this year will drop slightly by $60 million, or half a per cent, to $11.55 billion.It says some of that is due to a lingering weakness in natural gas prices and a levelling off in conventional oil drilling, but there's another big challenge looming [Read more]
Altima Announces Completion of Multiple Fracture Stimulation at 14-35-41-11 W5M Well in Chambers, Alberta
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 17, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces regarding operations on the Altima Chambers 14-35-41-11 W5M well (refer to News Releases dated May 16, 2013), that fracture stimulation operations were completed on June 16, 2013. Completion operations, which commenced on May 12th, were curtailed over the period May 24th through June 11th due to weather conditions. The Company will now proceed with [Read more]
Spyglass Resources Corp. Announces June 2013 Monthly Cash Dividend, Updates Drilling Activity and Provides Risk Management Update
CALGARY, ALBERTA--(Marketwired - June 17, 2013) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL) announces that the board of directors (the "Board") has approved the June 2013 monthly cash dividend of $0.0225 per share payable on July 15, 2013 to shareholders of record on June 27, 2013. The ex-dividend date will be June 25, 2013. The dividend policy of Spyglass is at the discretion of the Board and will be reviewed monthly in the context of a number of factors including [Read more]
Report: Pipe pinch threatens services sector
CALGARY - The Conference Board of Canada says uncertainty over new pipeline projects poses a threat to Canadian companies that provide services to oil and gas producers.The Ottawa-based think-tank predicts the sector's real economic output this year will drop slightly by $60 million, or half a per cent, to $11.55 billion.It says some of that is due to a lingering weakness in natural gas prices and a levelling off in conventional oil drilling.But the board says the "bigger threat" is [Read more]
Shell celebrates 10 years of oil sands operations
CALGARY, June 17, 2013 /CNW/ - Shell announced today 10 years of oil sands production as operator of the Athabasca Oil Sands Project (AOSP). Starting with just a handful of employees, over the last 10 years Shell has built an oil sands mining and upgrading business capable of delivering over a quarter of a million barrels per day, providing 17% of Canada's total oil production, and employing over 3,000 staff and thousands of contractors. Since production began in 2003, the Athabasca Oil Sands [Read more]
Hundreds of Northern B.C. Residents Rally Against Enbridge
A PRESS RELEASE FROM PACIFICWILD.ORG: TERRACE, BRITISH COLUMBIA--(Marketwired - June 17, 2013) - Hundreds of northern BC residents rallied in Terrace on Sunday June 16th, demonstrating that public opposition to the proposed Enbridge Northern Gateway pipeline and tankers project is still very strong. As the Enbridge Joint Review Panel (JRP) begins to hear final arguments in Terrace, after 18 months of hearings, northerners continue to send a clear message that the proposed pipeline and tankers [Read more]
WTI rises past $98 on Syria, ahead of fed meeting
The price of oil climbed to above $98 a barrel Monday amid concerns over an escalation in the civil war in Syria and as traders awaited a critical meeting of the U.S. Federal Reserve later in the week. By early afternoon in Europe, benchmark oil for July delivery was up 43 cents to $98.28 a barrel in electronic trading on the New York Mercantile Exchange. Over the past few days, traders have grown increasingly worried over the intensifying civil war in Syria. At least 93,000 [Read more]
Middle East leads global crude oil and condensate production; growth in North America
Growth in North American crude oil production (including lease condensate) contributed to record global production of 75.6 million barrels per day (bbl/d) in 2012 (see animated map). In 2012, global production increased by 2%, as production rebounded in Africa and Asia and accelerated in North America. The Middle East produced 24.1 million bbl/d of crude oil in 2012, the most of any region. Historically, most of the production growth has been in the Middle East. Source: U.S. Energy [Read more]
Company says construction equipment may have caused latest Alberta pipeline leak
MANNING, Alta. - The owner an Alberta pipeline says a recent spill may have been the result of construction equipment that was in the area.Plains Midstream Canada says in a news release that early indications suggest the Kemp line in northwestern Alberta suffered "external damage" before releasing condensates from natural gas production late last week.The company has said preliminary estimates suggest approximately 950 barrels were released over an area about 1.5 hectares.It says more [Read more]