WINNING TEAM WILL EARN AN INVITE TO SPEND ONE WEEK WITH SCUDERIA FERRARI AT THEIR FACTORY IN ITALY DETROIT, March 29, 2016 /PRNewswire/ -- In less than one month, more than 1,200 high school and university students from 129 teams across the Americas – Brazil, Canada, Ecuador, Guatemala, Mexico, Puerto Rico, and the United States – will return to the streets of downtown Detroit with a fleet of custom-built, ultra-energy efficient cars to compete in the 10th Shell Eco-marathon Americas. [Read more]
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Twin Butte Energy Announces 2015 Year End Financial, Operating and Reserves Results
CALGARY, March 22, 2016 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report financial and operational results for the three and twelve months ended December 31, 2015, along with year-end reserves and an operational update. In 2015, the long term horizontal potential of Twin Butte's asset base was confirmed through the drilling of several Provost and Lloydminster area projects which have delivered oil production at rates above expectation with costs [Read more]
Alberta’s alternative wind energy industry is getting bigger role
PINCHER CREEK, Alta. - There are three things one can be assured of in the Pincher Creek area of southwestern Alberta — death, taxes and the wind will blow.Windswept is the word often used to describe the region with its rolling hills, cattle ranches, farms and the Rocky Mountains to the west.And it is the wind that's eliciting some optimism at a time when Canada is seeking to reduce its carbon footprint and turn to alternative energy sources.With their giant 80-metre-high turbines stretching as [Read more]
Tourmaline Oil Corp. Earns $80.1 Million in 2015
CALGARY, AB--(Marketwired - March 07, 2016) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") achieved exceptional growth in reserves (30%) and production (37%) in 2015 while delivering strong profitability. HIGHLIGHTS Q4 earnings after tax of $34.6 million ($0.16/diluted share), re-emphasizing the fundamental profitability of Tourmaline's EP business even in a very low commodity price environment. Full year 2015 earnings were $80.1 million ($0.37/diluted share). Q4 2015 [Read more]
Renting oilfield equipment helps producers cut costs and maximize revenues
In the current industry downturn, companies of all shapes and sizes are doing everything they can to cut costs and maximize revenues. How this is done varies from one company to another. But typically, the first thing management will look to do is trim the fat, so to speak. Efficiency is king. Upstream oil and gas companies feel the pain of low oil and gas prices directly. If there can be any unnecessary costs identified in producing the next barrel of oil, you can be sure those costs will be [Read more]
Pioneer Natural Resources Announces Date for Annual Meeting
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) announced today that its 2016 Annual Meeting of Stockholders will be held on Thursday, May 19, 2016, at 9 a.m. Central Time, in Irving, Texas. Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com. Communications [Read more]
Buck Creek Mine Complex Transforms To A Staged High Margin Low Capex Development
NEW YORK, Feb. 14, 2016 /PRNewswire/ -- Paringa Resources Limited ("Paringa" or "Company") is pleased to announce the results of a scoping study ("Scoping Study") on the Buck Creek No.2 Mine ("No.2 Mine" or "Project"), which is located within the Buck Creek mining complex ("Buck Creek Mine Complex") and south of the Buck Creek No.1 Mine's ("No.1 Mine") proposed 3.8 million tons per annum ("Mtpa") coal project. Buck Creek Mine Complex: Key Metrics No.2 Mine (Scoping Study) No.1 Mine [Read more]
ARC Resources Ltd. announces strong fourth quarter, record annual production and a significant increase in Montney resource estimates in 2015
CALGARY, Feb. 10, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its fourth quarter 2015 operating and financial results. Fourth quarter production averaged 119,243 boe per day and funds from operations were $200.7 million ($0.58 per share). ARC's audited Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for the years ended December 31, 2015 and 2014, are available on ARC's website at www.arcresources.com and [Read more]
MicroSeismic Announces World’s Longest-Installed Active BuriedArray(R)
HOUSTON, TX--(Marketwired - Jan 19, 2016) - MicroSeismic, Inc. (MicroSeismic), the leader and inventor of surface microseismic monitoring, announced today that it has achieved the longest-installed active, permanent, near-surface array in the world. This BuriedArray® was installed to monitor completions in the Haynesville formation in Louisiana and includes 99 stations covering 15 square miles. Installed in 2010, the BuriedArray is still active and has monitored hydraulic [Read more]
Inter Pipeline Announces Capital Expenditure Program for 2016
CALGARY, ALBERTA--(Marketwired - Dec. 21, 2015) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today a $250 million capital expenditure program for 2016, primarily directed towards its conventional oil gathering and oil sands transportation businesses. Organic growth projects are expected to account for approximately $190 million of total capital expenditures, with sustaining capital requirements accounting for the remainder. As expected, Inter Pipeline's 2016 capital program [Read more]
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