By The Canadian Press JANSEN, Sask. - Work is underway to contain a leak of crude oil after part of a freight train derailed in Saskatchewan. The accident happened as a train was rolling through an area near the village of Jansen, about 150 kilometres southeast of Saskatoon. RCMP say there are no reports of injuries and the train did not catch fire. The car leaking the oil was well back in the 85-unit train. Excavation equipment is being sent to the site to build a wall of dirt to [Read more]
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Environmental, First Nations activists plan protest at Sarnia oil sands meeting
SARNIA, Ont. - Activists plan to protest in Sarnia, Ont., as a two-day national conference on oil sands bitumen kicks off today. The "Bitumen Adding Value Conference" is meant to bring together industry leaders, experts and decision-makers to discuss the production of value-added products from the oil sands resource. Environmental and First Nations activists have gathered in the southern Ontario city to demonstrate their opposition to Alberta oil sands development and proposed [Read more]
Keystone lobbyists targeting moderate Democrats to win Obama
Keystone XL lobbyists are targeting moderate Democratics in Washington in advance of a decision on the $5.3 billion project. The Canadian Association of Petroleum Producers will travel to the U.S. capital next month to promote TransCanada Corp.'s plan to carry Alberta oil-sands crude to Gulf Coast refineries. A decision by President Obama on the pipeline is expected this year. CAPP President David Collyer said in a telephone interview last month his organization will target “primarily on [Read more]
WTI falls toward $96 per barrel
BANGKOK — The price of oil retreated toward $96 per barrel Tuesday as investors waited for the Federal Reserve’s latest views on the U.S. economy. Benchmark crude for June delivery was down 28 cents to $96.43 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 69 cents to close at $96.71 on Monday. On Wednesday, Fed chairman Ben Bernanke will appear before Congress and the central bank will release minutes of [Read more]
Advantage Announces Significant Increase in Reserves & Contingent Resources and Updates Guidance & Strategic Alternatives Process
CALGARY, May 21, 2013 /CNW/ - Highlights: Total Petroleum Initially in Place ("TPIIP") at Glacier increased to 16.0 Tcf 2P Reserves plus 2C Contingent Resources increased to 5.9 Tcfe 2C Contingent Resources increased to 4.20 Tcfe; 72% of which is contained in the liquids rich Middle Montney intervals that are approximately 150 meters thick 2P Reserves grew to 1.61 Tcfe which includes 11 million barrels of NGLs Our Special Committee's financial advisors will immediately [Read more]
ShawCor Names New Chair & Vice Chair And Reports Voting Results from Annual General Meeting
TORONTO, May 17, 2013 /CNW/ - ShawCor Ltd. (TSX:SCL.TO) announced today that its Board of Directors had appointed independent director John F. (Jack) Petch as its new Chair of the Board. Mr. Petch joined the ShawCor Board in 2005 and has previously served as its Lead Director, Chair of the Corporate Governance Committee and Chair of the Special Committee which was constituted in the fall of 2012 in connection with ShawCor's strategic review process. Another independent director, Robert J. [Read more]
Harper on US pipeline plan: Oil coming anyway
NEW YORK (AP) — A controversial oil pipeline to the U.S. Gulf Coast “absolutely needs to go ahead,” Canada’s prime minister said Thursday, and he warned that the oil will be transported through America one way or another. Stephen Harper addressed the Keystone XL project, a flashpoint in the debate over climate change, during a visit to New York City. The long-delayed project carrying oil from Canada’s tar sands would need approval from the State Department, and Harper’s remarks — with the [Read more]
Tuscany Energy Ltd. and Diaz Resources Ltd. Announce Execution of Definitive Agreement for Proposed Business Combination
CALGARY, ALBERTA--(Marketwired - May 17, 2013) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) and Diaz Resources Ltd. ("Diaz") (TSX VENTURE:DZR) are pleased to jointly announce that they have entered into a definitive arrangement agreement in connection with a proposed business combination (the "Transaction") whereby Tuscany will acquire, subject to certain conditions, all of Diaz's issued and outstanding common shares on the basis of 0.31 of a common share of Tuscany for each one (1) Diaz [Read more]
FLASH! Northern Gateway Pipeline Crew Evicted By Gitga’at Nation
HARTLEY BAY, B.C. - Members of the Gitga'at Nation say they have evicted a Northern Gateway Pipelines crew from their territory on the north coast of British Columbia as it tried to conduct oil spill response surveys. The small First Nation of Hartley Bay says the crew showed up to carry out work on the project that has not been approved, and that the Gitga'at continue to oppose. Coun. Marven Robinson said the band received a fax informing them that the crew would be coming to [Read more]
Palliser Oil & Gas Corporation Reports First Quarter 2013 Financial and Operating Results
/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / CALGARY , May 16, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) is pleased to announce financial and operating results for the three months ended March 31, 2013 . Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's unaudited condensed financial statements complete with the notes [Read more]