OTTAWA — The ability of the oil and gas sector to absorb tough government controls on their greenhouse gas emissions depends on Canada getting a better price for its oil, Environment Minister Peter Kent says. The extra revenue would allow companies to invest heavily in leading-edge technology that would curtail pollution, he said in an interview from London. “What we have to do, one way or another, is get rid of the U.S. discount,” Kent said. “That would certainly provide great [Read more]
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NRC teams with private companies to fund Carbon + Algae = Biofuels
CALGARY – The federal government and two private companies are planning to build a $19-million plant that will use algae to convert greenhouse gas emissions from an oilsands site into useful products such as biofuels. The National Research Council says its will contribute $9.5 million toward the joint project with energy giant Canadian Natural Resources Ltd. (TSX:CNQ) and Pond Biofuels. The plant will be built at Canadian Natural’s Primrose South oilsands site near Bonnyville, [Read more]
Oliver on the defensive as he ends oilsands promotion tour through Europe
OTTAWA - Joe Oliver's public-relations tour through Europe is ending as it began — with the natural resource minister on the defensive not just about Canada's oilsands but also about his own reaction to criticism. Oliver is flying back today from the U.K., after a whirlwind trip through Israel, Brussels, Paris and London to promote Canada's approach to oil and gas production. But even as he pleads with Europe to accept bitumen from the oilsands, he also lashes out at critics for [Read more]
RMP Energy Announces Strategic Ante Creek Land Expansion
CALGARY, ALBERTA--(Marketwired - May 10, 2013) - RMP Energy Inc. ("RMP" or the "Company") (RMP.TO) is pleased to announce that the Company acquired from Paramount Resources Ltd. a total of 22.75 gross sections (16.0 net) of land in the Montney light oil fairway in the Ante Creek area of West Central Alberta, in exchange for 3.4 million common shares of RMP. The working interests in the purchased acreage range between 50% to 100%. The acquired lands are located contiguous and proximal to the [Read more]
Surge Energy Inc. Announces First Quarter 2013 Results
CALGARY, May 10, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY.TO) is pleased to announce its financial and operating results for the three month period endedMarch 31, 2013. FINANCIAL AND OPERATING SUMMARY: Three Months Ended March 31 ($000s except per share amounts) 2012 2011 % change Financial highlights Oil and NGL sales 48,216 47,366 2% Natural gas sales 5,355 3,678 46% Other [Read more]
Enerplus Announces Strong 2013 First Quarter Results
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Information Regarding Operational Information" and "Non-GAAP Measures" at the end of this news release for information regarding the presentation of the financial and operational information contained in [Read more]
Renegade Petroleum Ltd. Announces First Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - May 9, 2013) -Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL), a light oil focused development and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota, is pleased to announce it has filed its condensed interim consolidated financial statements ("Financial Statements") and related management's discussion and analysis ("MD&A") for the three month period ended March 31, 2013 on SEDAR. Selected [Read more]
Southern Pacific Announces Financial and Operational Results for the Quarter Ended March 31, 2013
CALGARY, ALBERTA--(Marketwired - May 9, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (STP.TO) today announced its financial and operational results for the quarter ended March 31, 2013. 2013 FISCAL Q3 HIGHLIGHTS: Total Company production including the capitalized production from STP-McKay Phase 1 and STP-Senlac was 3,794 barrels per day ("bbl/day") for the three months ended March 31, 2013, and for the first seven days of May has averaged 4,350 bbl/day [Read more]
Longview Announces First Quarter 2013 Results
CALGARY, May 9, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") is pleased to announce the financial and operating results for the quarter ended March 31, 2013. Three months ended March 31, 2013 December 31, 2012 March 31, 2012 Financial ($000, except as otherwise indicated) Sales including realized hedging $ 33,729 $ 36,388 $ 40,425 per share (1) $ 0.72 $ 0.78 $ [Read more]
Advantage Announces First Quarter 2013 Results
Solid Operating and Financial Results Supports Development Plan to Double Production at Glacier (TSX: AAV, NYSE: AAV) CALGARY, May 9, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce the financial and operating results for the three months ended March 31, 2013. The following press release summarizes and discusses the unconsolidated financial and operating highlights for Advantage (excludes Longview Oil Corp). Three months [Read more]