Story by The Wall Street Journal U.S. oil prices fell to a new six-year low Thursday as a combination of worries about global economic growth to a strengthening dollar, increasing crude supplies and a major U.S. refinery outage weighed on the market. Light sweet crude for September delivery fell $1.07, or 2.5%, to $42.23 a barrel, slipping below the low
Alliance Pipeline today announced it has restarted its mainline pipeline system and has safely resumed commercial operations and service for its customers. Flaring operations at Alliance’s block valve near Arcola and the Alameda compressor station in southeastern Saskatchewan have concluded. Alliance began receiving operational linepack from shippers on Wednesday, August 12, 2015, enabling the company to begin a controlled restart
Story by The Associated Press These Wheaties may not be so good with milk. Wheaties says it’s partnering with a craft brewery to create a limited-edition beer. The 16-ounce cans will only be available in the Minneapolis-St. Paul market starting Aug. 26, according to Wheaties parent company General Mills. It’s not exactly clear what makes it Wheaties beer, though it
Story by the Canadian Broadcasting Company Moody’s expects the current weakness in energy prices to stick around until 2018 at least, the ratings agency said in a report looking at the finances of several dozen energy companies Thursday. In the report, Moody’s examined the financial health of 90 North American oil and gas companies, attempting to gauge how well equipped
Bonterra Energy Corp. Announces Second Quarter and Six Months Ended June 30, 2015 Results CALGARY, ALBERTA–(Marketwired – Aug. 12, 2015) – Bonterra Energy Corp. (Bonterra or the Company) (TSX:BNE) is pleased to announce its operating and financial results for the three and six months ended June 30, 2015. The related unaudited condensed financial statements and notes, as well as management’s
Rock Energy Inc. Reports Q2 2015 Results and Positive Results at Its Mantario/Laporte EOR Project CALGARY, ALBERTA–(Marketwired – Aug. 12, 2015) – Rock Energy Inc. (TSX:RE) (“Rock” or the “Company”) is pleased to report its financial and operating results for three and six months ended June 30, 2015. Copies of Rock’s audited financial statements and related management’s discussion and analysis
Crescent Point Announces Q2 2015 Results, Maintains 2015 Production Guidance With $100 Million Lower Capital Expenditures, Lowers Dividend and Suspends Dividend Reinvestment Plans CALGARY, ALBERTA–(Marketwired – Aug. 12, 2015) – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG)(NYSE:CPG) is pleased to announce its operating and financial results for the quarter ended June 30, 2015. The Company also announces
Tamarack Valley Energy Ltd. Announces 2015 Second Quarter Financial and Operating Results. Operational Efficiencies Position Company for Continued Growth CALGARY, ALBERTA–(Marketwired – Aug. 13, 2015) – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX VENTURE:TVE) is pleased to announce its operating and financial results for the second quarter of 2015. The Company exceeded its second quarter 2015 production guidance
Red Rock Indian Band and TransCanada’s Energy East Project Sign Agreement on Electricity Transmission Opportunities TORONTO, ONTARIO–(Marketwired – Aug. 12, 2015) – Today, the Red Rock Indian Band and TransCanada signed a Letter of Intent to establish a formal working group that will discuss the electricity requirements to power the Energy East Pipeline project on the traditional territory of the
Chairman of Iran’s oil contracts restricting committee Mehdi Hosseini said that Iran has selected 45 oil and gas projects to show international companies at a conference that will be in London in December 14-16. Hosseini said that Iran would present the projects alongside the finished versions of its new oil contracts, reports Bloomberg. “We will define projects in the oil
CIBC’s Katherine Spector: “In the very short-term, while there may be a few more dollars of downside in the crude price, increasingly lopsided futures market positioning suggests that an end is probably near.” The world will need more oil from OPEC, but not as much as they are producing The most recent oil market outlook released by Canadian Imperial Bank
Solicitation Process Yields Over 99% Approval of Plan from Senior Noteholders – The Plan Provides that Trade Creditors, Suppliers and Employees will be Paid in Full Hercules Offshore, Inc. (Nasdaq: HERO) (the “Company” or “Hercules”) announced today that it has filed a pre-packaged plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code to continue its financial restructuring of the
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