CALGARY, ALBERTA--(Marketwired - May 2, 2013) - On April 30, 2013, Advantage Oil & Gas Ltd. (AAV.TO)(AAV)("Advantage") directly acquired ownership and control of an aggregate of 1,500,000 class B shares ("Class B Shares") of Questfire Energy Corp. ("Questfire"), representing approximately 73% of the total issued and outstanding Class B Shares of Questfire and approximately 10.1% of the voting rights attached to the Class A shares of Questfire ("Class A Shares") and Class B Shares. In [Read more]
Headlines
Kirby oilsands project ahead of schedule: CNRL
CALGARY – Canadian Natural Resources Ltd.’s Kirby South oilsands project will start up sooner than planned, the company said Thursday as it reported quarterly earnings that missed analysts’ expectations. The Calgary-based company (TSX:CNQ) had originally planned for first-steam at the 40,000-barrel-per-day project in November, but now it’s looking like that will take place during the third quarter. The company also said the Kirby project remains on budget. Canadian Natural [Read more]
RedWater Announces Financial and Operating Results for the Twelve Months Ended December 31, 2012
OKOTOKS, ALBERTA--(Marketwired - May 2, 2013) -RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to report financial and operating results for the three and twelve month periods ended December 31, 2012. RedWater's interim condensed financial statements and related management's discussion and analysis for the three and twelve months ended December 31, 2012 have been filed and are available on the SEDAR website at www.sedar.com and may also be obtained on RedWater's website [Read more]
Canadian Natural Resources Limited Announces 2013 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 2, 2013) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) Commenting on first quarter results, Steve Laut, President of Canadian Natural stated, "Overall this has been an excellent start to the year for Canadian Natural. Operationally it was a successful quarter, with record quarterly production of approximately 681,000 barrels of oil equivalent per day nearing the top end of our guidance and driven by record liquids production of approximately [Read more]
Petro-Canada stations running dry as repairs underway at Edmonton refinery
By The Canadian Press CALGARY - Some Petro-Canada stations are running out of gasoline because of repairs taking place at a refinery in Edmonton. Gasoline-producing units at the Edmonton refinery were supposed to keep running during a period of planned maintenance work, which began about a month ago. But during routine inspections, Petro-Canada discovered that repairs needed to be done and the gasoline units were taken out of service temporarily. "So as a result, we have had to stop [Read more]
Bonavista Energy Corporation Announces 2013 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 2, 2013) -Bonavista Energy Corporation ("Bonavista") (BNP.TO) is pleased to report to shareholders its condensed consolidated interim financial and operating results for the three months ended March 31, 2013. The unaudited financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website [Read more]
Oil and gas drillers make technological leaps, while renewable energy industry struggles
By Jonathan Fahey, The Associated Press NEW YORK - Technology created an energy revolution over the past decade — just not the one we expected. By now, cars were supposed to be running on fuel made from plant waste or algae — or powered by hydrogen or cheap batteries that burned nothing at all. Electricity would be generated with solar panels and wind turbines. When the sun didn't shine or the wind didn't blow, power would flow out of batteries the size of tractor-trailers. Fossil [Read more]
Nat gas storage builds well above expectations, futures prices sink
Working gas in storage was 1,734 Bcf as of Friday, April 26, according to EIA estimates. This represents a net change of +44 Bcf;well above estimates of ~+32 Bcf. As a result, U.S. nat gas futures on NYMEX sank more than 5% Thursday. [table] [attr style="width: 25%"]`[attr style="width: 25%"]April 26`[attr style="width: 25%"]April 19`[attr style="width: 25%"]Change East`704`686`+18 West`339`334`+5 Producing`734`714`+20 Total`1,777`1,734`+43 [/table] Source: EIA [Read more]
Shell CEO Voser to retire in 2014; company first quarter profit dips on lower oil prices
BY Toby Sterling, The Associated Press AMSTERDAM - Royal Dutch Shell PLC said Monday Chief Executive Peter Voser will step down in early 2014, and the company reported lower first-quarter profits in the wake of a decline in oil prices. The departure comes as a surprise, as Voser is just 54 years old and is well-regarded within the industry. Shell broke with a longstanding tradition of alternating British and Dutch chief executives with the July 2009 appointment of Voser, a Swiss [Read more]
TransCanada to Develop the Heartland Pipeline and Terminal Facilities in Central Alberta
CALGARY, ALBERTA--(Marketwired - May 2, 2013) -TransCanada Corporation (TRP.TO) (TRP) (TransCanada) announced today that it has reached binding long-term shipping agreements to build, own and operate the proposed Alberta-based Heartland Pipeline and TC Terminals projects. The proposed projects are being developed to support growing crude oil production in Alberta and will include the 200-kilometre (125-mile) pipeline connecting the Edmonton region to facilities in Hardisty, Alberta and a [Read more]