CALGARY, April 4, 2016 /CNW/ - STEP Energy Services Ltd. ("STEP" or "the Corporation"), an ARC Financial Corp. sponsored company, is pleased to announce that the Corporation has entered into a definitive agreement to acquire the Canadian pressure pumping, coiled tubing and cementing assets of Sanjel Corporation ("Sanjel"). The acquisition will add 165,000 pressure pumping horsepower to STEP's current fracturing fleet of 115,000 horsepower. The cementing assets will be operated separately under [Read more]
Archives for April 2016
International Heavy Oil Community Explores Strategies for the Future
CALGARY, AB – (March 30, 2016) - For the past ten years, World Heavy Oil Congress has been the largest gathering of heavy oil professionals from around the globe, where world leaders and international experts come together to share the latest insights of the industry, and despite the current economic climate, this year’s event is shaping up to be bigger than ever. “In the current economy, some companies have taken a step back,” said Vice-President of Energy from dmg Events, Miki Reeder, “but [Read more]
NDP’s adoption of Leap Manifesto would signal end of Mulcair’s self-touted moderate agenda
OTTAWA - The Leap Manifesto is a document that calls for a radical restructuring of the economy as Canada swiftly moves toward ending the use of fossil fuels. It was crafted by best-selling author Naomi Klein and her husband, documentary filmmaker Avi Lewis, and released last September in the midst of the federal election campaign.During that campaign, NDP Leader Tom Mulcair touted his party as a moderate, pragmatic alternative to the Conservatives, promising to balance the federal budget, to [Read more]
TransCanada investigating potential pipeline leak on Keystone pipeline
CALGARY - TransCanada said Monday it has shut down its Keystone pipeline because of an oil spill in South Dakota, drawing fresh criticism about the risks pipelines pose.Mark Cooper, a spokesman for TransCanada, said a local landowner noticed signs of an oil spill around noon local time Saturday and informed the company.The pipeline, which carries about 500,000 barrels of oil a day, was shut down in minutes, Cooper said."As soon as we got that report in we immediately began efforts to shut down [Read more]
ArcLight Capital Partners Closes Acquisition of Interest in Alberta Hub Gas Storage from Chevron Canada Properties Limited
BOSTON, April 4, 2016 /PRNewswire/ -- ArcLight Capital Partners, LLC ("ArcLight") announced today that ArcLight affiliate Amphora Canada Gas Storage ULC ("Amphora") has completed the purchase of Chevron Alberta Gas Storage ULC ("CAGS") from Chevron Canada Properties Limited. CAGS owns a 43% non-operated interest in Alberta Hub Gas Storage (the "Facility"). Iberdrola Canada Energy Services Limited ("Iberdrola") owns the remaining interest and operates the Facility. The Facility is a 42.7 Bcf [Read more]
Spectra Energy to Sell Empress NGL Business to Plains Midstream Canada
HOUSTON, April 4, 2016 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) today announced its indirect subsidiary, Westcoast Energy Inc., has entered into a definitive agreement to sell its ownership interests in Spectra Energy's Canadian natural gas liquids (NGL) business to Plains Midstream Canada ULC, a large-scale, experienced operator in the Canadian NGL space, for a cash purchase price of approximately C$200 million plus customary closing adjustments. The transaction includes Westcoast's [Read more]
Union Gas binding open season for Peak Storage Service
Bids for up to 2 BCF of Peak Storage Service at Dawn CHATHAM, ON, April 4, 2016 /PRNewswire/ - Beginning today, Union Gas will conduct a binding open season for Peak Storage Service at its Dawn Hub storage facility starting April, 1, 2017 or April 1, 2018. Shippers seeking access to flexible, customized premium storage for peaking service needs can submit bids up to 2 BCF for two service options: Peak Storage Service – a firm storage service, with a term of two to ten years, with rights [Read more]
Union Gas Reminds Ontarians That April is Dig Safe Month
Campaign Highlights ON1Call and ClickBeforeYouDig.com CHATHAM, ON, April 4, 2016 /CNW/ - Union Gas reminds customers and contractors that one simple phone call or click can make digging safe. The Ontario Regional Common Ground Alliance (ORCGA), of which Union Gas is a founding member, has designated every April as Dig Safe Month. The campaign reminds Ontarians that prior to any digging project, safety starts with a call to Ontario One Call (ON1Call) 1-800-400-2255 or on1call.com or [Read more]
KBR Announces Executive Appointment
HOUSTON, TX--(Marketwired - April 04, 2016) - KBR, Inc. (NYSE: KBR) announced today Greg Conlon will be joining KBR's Executive Leadership Team as President, Engineering & Construction (E&C), Asia-Pacific (APAC). Mr. Conlon has over 25 years' experience in the E&C business, with global experience across a range of subsectors from hydrocarbons to specialist infrastructure. He brings a diverse international background, broad experience across KBR's E&C markets, and a track record of business [Read more]
Spectra Energy to Sell Empress NGL Business to Plains Midstream Canada
HOUSTON, April 4, 2016 /CNW/ -- Spectra Energy Corp (NYSE: SE) today announced its indirect subsidiary, Westcoast Energy Inc., has entered into a definitive agreement to sell its ownership interests in Spectra Energy's Canadian natural gas liquids (NGL) business to Plains Midstream Canada ULC, a large-scale, experienced operator in the Canadian NGL space, for a cash purchase price of approximately C$200 million plus customary closing adjustments. The transaction includes Westcoast's Canadian [Read more]