CALGARY, ALBERTA--(Marketwired - July 8, 2013) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) is pleased to report that the Board of Directors has appointed Mary Ellen Peters as a director of the company. Ms. Peters has over 30 years of oil and gas experience and most recently served as Senior Vice President, Transportation and Logistics at Marathon Petroleum Company LP. Ms. Peters' previous board experience includes acting as Chairman of the Board of Managers for Louisiana Offshore Oil [Read more]
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No end in sight for protests against shale gas exploration in New Brunswick
FREDERICTON - The New Brunswick government is pitching the development of a shale gas industry in the province as a potential economic boom and job creator, but opponents are strengthening their resolve to block the idea, right at the exploration stage.Since early June, there have been protests while SWN Resources conducts the latest series of seismic testing near Elsipogtog, north of Moncton.Chief Arren Sock of the Elsipogtog First Nation is calling for an immediate moratorium on [Read more]
Canada announces measures to calm public fears over pipeline safety
VANCOUVER - Major pipeline companies will have to show federal regulators that they have access to $1 billion to cover the costs of an oil or gas spill, under new rules aimed at easing public concerns about pipeline safety.Natural Resources Minister Joe Oliver said the federal government will also enshrine in law the "polluter pay" principle for oil and gas pipelines to ensure taxpayers are not left on the hook for cleanup costs."We will ensure that all companies operating pipelines [Read more]
Northern Gateway lawyer says First Nations don’t have right to direct tankers
TERRACE, B.C. - The proposed Northern Gateway project reached a major milestone on Monday with the end of public hearings on the pipeline, and now the company will focus on resolving lingering questions, says president John Carruthers.Carruthers said the focus that has been on the joint review process for several years will now move to building public support and working with the British Columbia government, aboriginal groups and others who brought their concerns to the panel."It's a [Read more]
U.S. crude oil production could reach 10 million barrels per day by 2040
An EIA Report: Source: U.S. Energy Information Administration, Annual Energy Outlook 2013. Projected crude oil production in the United States ranges from 6 to 8 million barrels per day (bbl/d) over the next 30 years in the Annual Energy Outlook 2013 (AEO2013) Reference case projection. However, under greater supply assumptions, crude oil production is sustained at a higher level of about 10 million bbl/d between 2020 and 2040 (see chart above). In this higher resource scenario, [Read more]
EIA Report: Shale oil and shale gas resources are globally abundant
An EIA Report: Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world's crude oil and 32% of the world's natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to a new EIA-sponsored study (see Table 1) released today (June 10, 2013). More than half of the identified shale oil resources outside [Read more]
Offshore oil regulators defy environment commissioner’s advice for Newfoundland
By Heather Scoffield OTTAWA - Oil and gas regulators in Newfoundland have done exactly what the federal environment commissioner told them not to do: issued a call for bids to explore parts of the Gulf of St. Lawrence several months before a key environmental assessment has concluded. The commissioner, who audits government operations for their environmental performance, warned the Canada-Newfoundland Offshore Petroleum Board earlier this year to make sure strategic environmental [Read more]
GASFRAC Announces Executive Appointments
CALGARY, ALBERTA--(Marketwired - June 4, 2013) - The board of directors of GASFRAC Energy Services Inc. ("GASFRAC") (TSX:GFS) today announced that Jim Hill has been appointed as Chief Executive Officer and Tim O'Rourke has been appointed as Chief Operating Officer. Mr. Hill joined the Company in 2010 as its Chief Financial Officer and has served as Acting CEO since September 2012. Mr. Hill is a chartered accountant with over 30 years' experience as a CFO and in executive management [Read more]
Inter Pipeline Announces Corporate Restructuring and Distribution Increase
CALGARY, ALBERTA--(Marketwired - June 2, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has completed several internal transactions related to the restructuring of its current limited partnership structure to position the business for a planned conversion to a corporate form. Inter Pipeline has indirectly purchased Pipeline Management Inc, its General Partner, for initial consideration valued at $170 million, plus adjustments, and a future second instalment [Read more]
Hyperion Exploration Corp. Announces First Quarter March 31, 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 30, 2013) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) is pleased to announce operating results for the quarter ended March 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Hyperion's unaudited financial statements and related management discussion and analysis which will be available for review under Hyperion's SEDAR profile at www.sedar.com. Q1 2013 Financial [Read more]