PRINCE RUPERT, B.C. - Lawyers for Enbridge Inc. (TSX:ENB) are getting their turn to question opponents of the proposed Northern Gateway Pipeline as hearings examining the project continue in Prince Rupert. Enbridge spokesman Ivan Giesbrecht says company lawyers want more detail about research methods and evidence presented at the joint review panel hearings by groups critical of a twinned pipeline between Alberta and B.C.'s West Coast. Giesbrecht says questions this week will [Read more]
Headlines
US Energy secretary nominee Ernest Moniz backs increased use of natural gas
WASHINGTON - Ernest Moniz, chosen by President Barack Obama to lead the Energy Department, says he will push to increase use of natural gas as a way to combat climate change even as the nation seeks to boost domestic energy production. Moniz, a physics professor at the Massachusetts Institute of Technology, said "a stunning increase" in domestic natural gas and oil production in recent years was nothing less than a "revolution" that has led to reduced emissions of carbon dioxide and [Read more]
Redford heads back to Washington to lobby for Keystone
WASHINGTON - Alberta Premier Alison Redford returns to Washington, D.C., today to lobby for the Keystone XL pipeline and highlight the province's record on the environment. Redford meets today with Canada's ambassador to the United States, Gary Doer, and will speak about the Keystone issue at the Brookings Institute. On Wednesday she will meet with members of Congress to reiterate the importance of the pipeline to the Canadian and American economies. U.S. President Barack [Read more]
Hemisphere Energy Tests 400 boe/d Well in Jenner
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 9, 2013) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to announce successful production test results of its recently drilled well in Jenner, southeast Alberta. Hemisphere's first horizontal well of its 2013 drilling program targeted the Glauconitic formation sandstones. The well was placed on test for an 88 hour period. Over the last 24 hours of the test, the well continued to flow up the casing at a stabilized choked pressure [Read more]
Keyera to spend $210M on new sour gas pipeline, additions to Simonette plant
CALGARY - Midstream natural gas company Keyera Corp. (TSX:KEY) is spending $120 million to construct a 90-kilometre, 12-inch sour gas gathering pipeline in northwestern Alberta. The Calgary-based company said Monday the sour gas gathering pipeline will run from the Wapiti region to the company's Simonette gas plant located northwest of Edson, Alta. Construction is slated to begin in the fall of 2013, and expected to be in service by the second quarter of 2014, pending regulatory [Read more]
Terra Energy Announces Extension to its Credit Facility
CALGARY, ALBERTA--(Marketwired - April 8, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TT.TO) announces the extension of the existing credit facility (the "Credit Facility"). The Company has agreed with its syndicate of senior lenders, consisting of the Canadian Imperial Bank of Commerce and ATB Financial, to amend the existing Credit Facility and extend it through to July 31, 2013. Terra is a junior oil and gas corporation engaged in the exploration for, and development and [Read more]
NuVista Energy Ltd. Announces Long Term Gas Processing Agreement for Wapiti Montney Production
CALGARY, ALBERTA--(Marketwired - Apr 8, 2013) - NuVista Energy Ltd. ("NuVista")(NVA.TO) is pleased to announce that it has reached an agreement with Keyera Corp. ("Keyera") for the transportation and processing of its Wapiti Montney condensate-rich natural gas production. The companies have agreed to a 10 year arrangement with an initial firm capacity of 35 MMcf/d of raw natural gas production commencing in the second quarter of 2014, and increasing to 65 MMcf/d potentially as early as late [Read more]
Advantage Announces New Natural Gas Commodity Price Hedges
(TSX: AAV, NYSE: AAV) CALGARY , April 8, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announces that it has entered into new natural gas commodity price hedges for 2014 to 2016. These hedges will provide cash flow stability to support our capital program that will focus on doubling production at Glacier to 200 mmcf/d by Q1 2015. Advantage has now hedged the following average production volumes at the corresponding averages prices for the periods as [Read more]
Tuscany International Drilling Inc. Announces Hiring of Financial Advisors to Conduct Review of Strategic Alternatives
CALGARY, ALBERTA--(Marketwired - April 8, 2013) - Tuscany International Drilling Inc. ("Tuscany" or the "Company") (TSX:TID) (COLOMBIA:TIDC) is a Canadian-based oilfield services company, offering drilling, completion and workover services to the international oil and natural gas industry. The Board of Tuscany announces that it has retained Citigroup Global Markets Inc. ("Citi") and Black Spruce Merchant Capital Corp. ("BSMC") as its financial advisors to consider a range of potential [Read more]
Iron Lady dies at 87
LONDON (AP) -- Margaret Thatcher, the "Iron Lady" who infuriated European allies, found a fellow believer in Ronald Reagan and transformed her country by a dedication to free markets in 11 years as prime minister, has died. She was 87 years old. Here are the milestones in the life and career of Britain's former Prime Minister Margaret Thatcher: Oct. 13, 1925: Born at Grantham, central England. June 1947: Graduates from Oxford with a chemistry degree. Dec. 13, 1951: Marries Denis [Read more]