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Latest Western Canadian Sedimentary Basin Stories

2010-01-18 08:00:00

CALGARY, ALBERTA, Jan. 18, 2010 /PRNewswire-FirstCall/ - Enterra Energy Trust ("Enterra", or the "Trust") today announced that the Board of Directors of Enterra Energy Corp., on behalf of the Trust, unanimously approved the conversion of the Trust to a corporation to be named Equal Energy Ltd. ("Equal Energy"). Don Klapko, President and CEO said, "Enterra must eventually convert from a Trust to a corporation because of the taxation changes in Canada, and so we are relaunching Enterra as...

2008-09-02 00:00:25

By Lokman Mansor; Zaidi Isham Ismail; Rupa Damodaran; Hamisah Hamid; HIGHER crude oil and gas production will help the mining sector to grow 3.4 per cent this year. Output of crude oil will increase because of higher production from the Kikeh deepwater oil fields as well as new oil fields including Sumandak and Bunga Orkid. Production of LNG (liquefied natural gas) should rise on additional demand from Japan and Korea as well as new demand from China. Growth of the mining and...

2008-08-28 03:00:50

By Poruban, Steven Production of Canadian oil sands bitumen will continue to rise in the coming decades but not without advances in processing technologies and the adoption by producers of varied strategies to market the resulting heavy crude blends. These were some of the issues raised by speakers July 15 during the opening session of the second annual Oil Sands & Heavy Oil Technologies Conference & Exhibition in Calgary. Tension was palpable at the opening session regarding one...

2008-08-08 03:00:39

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR; OTCQX Market, U.S.A. - Symbol: FRTE), an independent oil and gas exploration and production company, today announced an update of operations at its Shallow Fields Production Unit, Block 12, Georgia. Since the start of the second quarter of 2008, average daily production increased approximately 30% when compared to the first quarter of 2008, with peak production during the month of July ranging from 95 bbls per...

2008-08-07 06:00:41

CALGARY, ALBERTA--(Marketwire - Aug. 7, 2008) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) - Commenting on second quarter results, Allan Markin, Chairman of Canadian Natural stated, "This is an exciting time for Canadian Natural. Phase 1 of our Horizon Project is approaching completion. This is a complex project which involves moving raw oil sands materials through a complex process to yield raw bitumen crude oil and then upgrading it to 34 degrees API, light sweet synthetic...

2008-08-04 03:00:28

By O'Malley, Chris Sky-high oil prices have rekindled an industry in east-central Indiana that many thought had run its course a century ago. The evidence played out earlier this year on YouTube. An image of a pump jack seesawing over an oil well in Greg Losh's back yard in Selma, just east of Muncie, caught the eye of the national media. It wasn't long before TV news crews from around the nation had flocked to the well to tap a gusher of populist, little-guy-sticks- it-to-the-Middle...

2008-07-25 12:01:14

By Jad Mouawad The race for petroleum resources above the Arctic Circle is likely to speed up in coming years, as the polar ice cap melts and access to oil and gas reserves in many other places around the world becomes more challenging. The lure of the Arctic as oil's next big frontier was vindicated this week as a major geological survey found the region might hold as much as a fifth of the world's yet to-be-discovered oil and natural gas reserves. Many of these new resources,...

2008-06-26 09:03:03

Trident Resources Corp. ("TRC") is pleased to announce a significant operating milestone has been recently achieved at its operated Corbett Creek Mannville CBM project located in north central Alberta. TRC's operations department, through its subsidiaries, Trident Exploration Corp. and Fort Energy Corp. (collectively "Trident"), have achieved free flowing gas wells in the Mannville CBM after approximately 4 years of dewatering in roughly 25% of the producing wells. Previously these producing...

2008-06-26 09:02:54

Remstar Resources Ltd. (TSX VENTURE: REM)(FRANKFURT: W2U)(WKN: A0HM01) ("Remstar" or "the Company") has, subject to regulatory approval, entered into a letter of intent with an arm's-length vendor, pursuant to which the Company has acquired 24 coal permit applications located in east-central, Saskatchewan. The coal lease applications encompass approximately 46,080 acres, and are located approximately 30 km west of the historic 18 metre coal occurrence of Weststar Resources Ltd. (June 23,...

2008-06-18 12:00:42

VANCOUVER, June 17 /PRNewswire-FirstCall/ -- Western Canadian Coal Corp. (TSX: WTN, WTN.DB & WTN.WT and AIM: WTN) announces its operating results for the three and twelve month periods ending March 31, 2008. Caused by difficult winter weather conditions and a continued labour shortage, the Company faced reduced production volumes and higher production costs in the fourth quarter ending March 31, 2008. However, 2008 was a record year for sales and production with over 300 per cent....


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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