Monday, November 11, 2013

  • Operators Pick Up The Pace Of Permitting

    Producers across Canada permitted 1,547 wells in October, up from the prior month's 1,215 wells, and up from last year's count of 1,392 permits in October.

    November 11, 2013, 12 PM MST

  • Politics Trumping Good Policy On Keystone XL, Says Former Ambassador

    The former U.S. ambassador to Canada fears that if his country rejects the Keystone XL pipeline project, it could alienate its strongest trading partner.

    November 11, 2013, 12 PM MST

  • Pieridae Files Licence With NEB To Import Natural Gas And Send Out LNG From Nova Scotia

    Pieridae Energy (Canada) Ltd. has applied to the National Energy Board for long-term, multi-contract authorization to import up to one bcf of natural gas per day through the existing pipeline system between Canada and the U.S. and export up to 1.4 bcf per day of natural gas, as LNG, from a point near Goldboro, Guysborough County, Nova Scotia.

    November 11, 2013, 12 PM MST

  • Lightstream To Expand Natural Gas-Based EOR In Tight Oil Next Year

    Lightstream Resources Ltd. plans to expand both a well optimization program and natural gas-based enhanced oil recovery (EOR) program in its tight oil assets next year.

    November 11, 2013, 12 PM MST

  • Rock Boosts 2013 Capex Budget, Set To Spend More Next Year

    Rock Energy Inc. is boosting its capital budget this year by $6 million to a total of $48 million, which includes drilling an estimated total of 42 (41.0 net) wells, with plans to spend $62 million in 2014.

    November 11, 2013, 12 PM MST

  • Trilogy Plans $375 Million Capex Program For 2014

    Trilogy Energy Corp. reported sales volumes for the third quarter of 2013 of 31,211 boe per day, representing a decrease of 16 per cent over the prior quarter.

    November 11, 2013, 12 PM MST

  • Enerflex Reports Increased Q3 Revenues

    Enerflex Inc.'s revenue for the third quarter and the first nine months of 2013 was $390.66 million and $1.05 billion, respectively, representing a $21 million increase for the quarter, but a $25.1 million decrease in revenues on a year-to-date basis compared to the same periods in 2012.

    November 11, 2013, 12 PM MST

  • Oilpatch Asked To Contribute To Groundbreaking Global Research Project On Creating "Shared Value" In The Supply Chain

    Shared Value is the notion that companies can increase their competitiveness and profitability by helping to solve a social problem, helping transform the way organizations conduct their businesses and their impact on the communities in which they operate.

    November 11, 2013, 12 PM MST

  • Oil Market Stable, Prices Steady, Say Two OPEC Members

    (Reuters) -- The oil market is stable and prices are steady, two oil ministers said on Sunday, weeks ahead of an OPEC meeting to decide whether the group needs to adjust its output target.

    November 11, 2013, 12 PM MST

  • Analysis: As Alabama Flames Fade, New Oil-By-Rail Questions Arise

    (Reuters) -- The second explosive oil-train derailment this year, which has finally burned out in rural Alabama, may raise new questions about the safety of the crude-by-rail boom, pointing to problems beyond those that surfaced following the earlier tragedy in Quebec.

    November 11, 2013, 12 PM MST

  • Arsenal Achieves Record Production During Q3

    Arsenal Energy Inc. reported its production averaged a record 4,323 boe per day during the third quarter ended Sept. 30, 2013, up 17 per cent compared to the third quarter of 2012.

    November 11, 2013, 12 PM MST

  • Artek Lifts Third Quarter Production, Funds Flow

    Artek Exploration Ltd. reported average production of 3,884 boe per day (35 per cent liquids) for the three-month period ended Sept. 30, 2013, up 52 per cent from the previous year and 19 per cent from the second quarter of 2013.

    November 11, 2013, 12 PM MST

  • Greenpeace Activists Held In Russia Being Moved To St. Petersburg

    (Reuters) -- Thirty people arrested in Russia over a protest against Arctic oil drilling were moved from the northern city of Murmansk on Monday on their way to pre-trial detention centres in St. Petersburg, federal investigators and Greenpeace said.

    November 11, 2013, 12 PM MST

  • Statoil Finds More Oil Off Norway In New Formation

    (Reuters) -- Statoil found more oil in the Norwegian Sea, extending its record as the most successful offshore explorer this year and tapping into a previously undiscovered geological formation, it said on Monday.

    November 11, 2013, 12 PM MST

  • Aveda Acquires Rentals Business In Edson

    Aveda Transportation and Energy Services Inc. has acquired the shares of Lon Dan Enterprises Ltd., which carries on business as Belair Rentals, based out of Edson, Alta.

    November 11, 2013, 12 PM MST

  • Bellatrix Closes $240-Million JV With Troika Resources

    Bellatrix Exploration Ltd. has successfully closed the previously announced $240-million joint venture partnership with TCA Energy Ltd.

    November 11, 2013, 12 PM MST

  • Marquee Announces Then Increases Private Placement Financing

    Marquee Energy Ltd. has increased its private placement financing of flow-through shares to $8.2 million from $7.6 million.

    November 11, 2013, 12 PM MST

  • Indian Oil Share Sale Roadshows To Start Tuesday - Sources

    (Reuters) -- India is reviving plans to sell its 10 per cent stake in state refiner Indian Oil Corp., worth about $800 million, and will launch investor roadshows in the United States on Tuesday, two sources with direct knowledge of the matter said.

    November 11, 2013, 12 PM MST

  • Libya May Face Budget Problems Unless Oil Strikes End-PM

    (Reuters) -- Libya may find it difficult to cover its budget expenditure next month or the one after unless strikes blocking oil ports and fields end, Prime Minister Ali Zeidan said on Sunday.

    November 11, 2013, 12 PM MST

  • Manitok Closes Bought Deal Public Offering

    Manitok Energy Inc. has closed its previously announced bought deal public offering of common shares issued on a Canadian exploration expense flow-through basis and common shares issued on a Canadian development expense flow-through basis by way of a short form prospectus.

    November 11, 2013, 12 PM MST

  • Shoal Point Announces Change In Auditor

    Shoal Point Energy Ltd. announces that Collins Barrow Toronto LLP, chartered accountants has been replaced by Dale Matheson Carr-Hilton LaBonte LLP of Vancouver, British Columbia.

    November 11, 2013, 12 PM MST

  • Ukraine Halts Russian Gas Imports; Transit To Europe Intact - Sources

    (Reuters) -- Ukraine's Naftogaz halted Russian natural gas imports last Friday in a dispute over pricing, sources in the industry and at Russia's Gazprom told Reuters on Monday, but the flow to Europe via Ukraine was so far unaffected.

    November 11, 2013, 12 PM MST

  • Rosneft Agrees To Ship Oil To China Via Kazakhstan

    (Reuters) -- Rosneft said on Monday it had agreed on the basic principles for shipping oil to China via neighbouring Kazakhstan in a deal essential for the Russian company to honour its supply commitments to Beijing.

    November 11, 2013, 12 PM MST

  • Kashagan Oil Flows Seen Delayed Until Spring - Industry Sources

    (Reuters) -- Oil is unlikely to flow from Kazakhstan's Kashagan oilfield until spring as the world's biggest crude discovery in half a century faces challenges including leaky pipes, industry sources said on Monday.

    November 11, 2013, 12 PM MST

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