CALGARY, March 31, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced a 50-50 joint venture with Kinder Morgan, Inc. (NYSE:KMI) ("Kinder Morgan") to build the Base Line Terminal (the "Terminal"), an above ground crude oil storage terminal near Edmonton, Alberta. The project is underpinned by several take-or-pay agreements ranging up to 10 years in length with creditworthy customers. Based on current capital estimates, Keyera's share of costs to construct the Terminal is estimated to [Read more]
Archives for March 2015
Blackbird Energy Inc. Announces Executive Changes and the Release of Q2 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - March 31, 2015) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is very pleased to announce that Mr. Don Noakes has joined Blackbird as Vice President, Operations. The Company also announces that Blackbird's former Chief Operating Officer, Mr. Darrell Denney, is no longer an officer or employee of the Company. Mr. Noakes is a Professional Engineer that brings over 30 years of operational oil and gas experience focused on drilling, [Read more]
Minister Rickford: Canada's Plan for Responsible Resource Development Supports British Columbia's Energy and Mineral Potential
VANCOUVER, March 31, 2015 /CNW/ - The Honourable Greg Rickford, Canada's Minister of Natural Resources, today delivered keynote remarks hosted by the Vancouver Board of Trade, where he highlighted how Canada's plan for Responsible Resource Development is supporting jobs, protecting the environment and enhancing First Nations engagement. Minister Rickford reinforced Prime Minister Stephen Harper's recent announcement accelerating the capital cost allowance on equipment used for liquefied natural [Read more]
Credit counselling in high demand in Alberta as oilpatch downturn hits home
CALGARY - The Racette family is on a cash-only diet for the next four years.Dale Racette, a truck driver, and his wife, a school bus driver, are trying to dig themselves out of a $45,000 hole.It wasn't any one thing. The day-to-day costs of raising two children just piled up over 14 years, Dale Racette said from Red Deer, Alta.Two months ago, the Racettes sought the help of a credit counsellor to work out a debt repayment plan. The first step was to shred their six credit cards.Racette says he's [Read more]
ATB Financial says province’s economy slowing significantly, job losses likely
CALGARY - The chief economist of Alberta’s Crown-owned financial institution says the province's economy is slowing significantly due to slumping oil prices.Todd Hirsch of ATB Financial says that will likely mean job losses and curtailed investment in the energy sector.He says housing starts remain stable, but the residential real estate market is soft, which suggests construction activity will cool.Hirsch says people are still moving to Alberta, but in lower numbers.He says the biggest change [Read more]
Laricina Energy Ltd. Secures Creditor Protection under CCAA; Company Continuing to Pursue Strategic Alternatives
Laricina Energy Ltd. and its wholly owned subsidiaries: Laricina GP Holding Ltd. and 1276158 Alberta Inc. (collectively “Laricina” or the “Company”), announced today that they have been granted creditor protection under the Companies’ Creditors Arrangement Act (“CCAA”). “Requesting this creditor protection was a difficult, but necessary step,” said Glen Schmidt, President and CEO. “This was done after careful consideration of all available alternatives and the Laricina Board of Directors [Read more]
Pembina Pipeline Corporation Launches $200 Million Bought Deal Preferred Share Offering
CALGARY, March 31, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets (together, the "Underwriters") pursuant to which the Underwriters have agreed to purchase from Pembina 8,000,000 cumulative redeemable rate reset class A preferred shares, Series 9 (the "Series 9 Preferred Shares") at a price of $25.00 per share for [Read more]
/R E P E A T — Media Advisory – Natural Resources Minister Rickford to Deliver Remarks Hosted by Vancouver Board of Trade/
Canada's Plan for Responsible Resource Development Supports British Columbia's Energy and Mineral Potential VANCOUVER, March 30, 2015 /CNW/ - The Honourable Greg Rickford, Canada's Minister of Natural Resources, will deliver keynote remarks at an event hosted by the Vancouver Board of Trade. Canada's plan for Responsible Resource Development is supporting jobs, protecting the environment and enhancing First Nations engagement. Minister Rickford will highlight recent measures announced by the [Read more]
Scotiabank Commodity Price Index Rallies in February as Oil and Gas Index Rebounds
TORONTO, ON--(Marketwired - March 31, 2015) - Scotiabank's Commodity Price Index rallied by 2.4% month-over-month (m/m) in February, after falling in January to the lowest level since early 2007. The Oil and Gas Index rebounded in February, with Alberta light and heavy crude oil prices boosted by a temporary rally in West Texas Intermediate. "The market is skeptical that the sharp drop in U.S. oil-targeted drilling activity (-45.3% year-over-year (yr/yr) as of March 27) will curb U.S. output [Read more]
Canada Energy Partners Announces New Strategic Initiative and Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 31, 2015) - Canada Energy Partners Inc. (TSX VENTURE:CE) (the "Company") is pleased to announce a new strategic initiative for the Company. New Strategic Initiative For three years, the Company has been researching and designing a cavitation tool that can excavate cavities in subsurface coal seams for the dual purpose of producing commercial quantities of coal via a wellbore and stimulating the production of natural gas from coal seams. [Read more]
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