CALGARY - Prime Minister Justin Trudeau says if the United States takes a step back on fighting climate change under Donald Trump, Canada will capitalize. After a Calgary speech to business owners, Trudeau was asked whether he was committed to his climate plan, which includes a national price on carbon, even if it makes Canada less competitive with the U.S. under the incoming president, who has sent mixed messages on the climate issue. "Let's see what the president actually does [Read more]
Archives for December 2016
TransGlobe Energy Corporation Announces Closing of Canadian Asset Acquisition and Mid-Quarter Egypt Update for Q4 2016
CALGARY, ALBERTA--(Marketwired - Dec. 20, 2016) - TransGlobe Energy Corporation (TSX:TGL)(NASDAQ:TGA) ("TransGlobe" or the "Company") announces the closing of the Canadian acquisition in the Harmattan area of west central Alberta and a mid-quarter Egypt update for the fourth quarter of 2016. All dollar values are expressed in Canadian dollars unless otherwise stated. Acquisition Highlights- Canada Current production ~3,100 barrels of oil equivalent ("boe") per day (57% liquids [Read more]
Madalena Announces Sale of Point Loma Debenture
(All dollar figures are expressed in United States Dollars, unless otherwise noted) CALGARY, Dec. 20, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) announces that it has sold its CAD $3 million convertible debenture (the "Convertible Debenture") of Point Loma Resources Ltd. (TSXV: PLX) ("Point Loma") for cash proceeds of $522,000 (CAD $700,000). The Convertible Debenture was part of the consideration Madalena received when the non-core Canadian [Read more]
Bonterra Energy Corp. Announces 2017 Operational and Financial Budget and Operations Update for 2016
CALGARY, ALBERTA--(Marketwired - Dec. 20, 2016) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") today announces its 2017 operational and financial budget. In the interests of maintaining a prudent balance between funds flow and capital spending plus dividends, Bonterra has set its 2017 capital expenditures budget at approximately $70 million which will largely be directed to new wells and facility upgrades primarily in the Pembina Cardium area. Given [Read more]
AIMCo Acquires Ownership Stake in Howard Energy Partners
EDMONTON, Dec. 20, 2016 /CNW/ - Alberta Investment Management Corporation ("AIMCo"), on behalf of certain of its clients, is pleased to announce that it has agreed to acquire an ownership stake in Howard Energy Partners from EnLink Midstream Partners, LP (NYSE:ENLK). The investment, representing an ownership stake of approximately 28% of Howard Energy Partners, makes AIMCo the second largest unitholder in the company. The transaction is expected to close during the first quarter of 2017, subject [Read more]
EnLink Midstream Agrees to Monetize $275 Million of Non-Core Assets, Expands Presence in STACK, and Emphasizes Long-Term Commitment to Core Growth Areas
DALLAS, Dec. 20, 2016 /PRNewswire/ -- The EnLink Midstream companies (EnLink or EnLink Midstream), EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC), announced new non-core divestiture transactions that strengthen the company's balance sheet and an expansion project that reinforces its position in the STACK, one of the nation's top oil and gas producing basins. Announcement Highlights: EnLink will receive $275 million from [Read more]
Concho Resources Inc. Schedules Fourth Quarter and Full-Year 2016 Conference Call for Wednesday, February 22, 2017
MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) will host a conference call on Wednesday, February 22, 2017, at 8:30 AM CT (9:30 AM ET) to discuss fourth quarter and full-year 2016 financial and operating results. The Company plans to announce fourth quarter and full-year 2016 results on Tuesday, February 21, 2017, after close of trading. Conference Call Information: Dial-in: (844) [Read more]
Trudeau promises two emergency towing vessels for West Coast
VANCOUVER - During his first visit to British Columbia since the controversial approval of the Trans Mountain pipeline expansion, Prime Minister Justin Trudeau grappled with two major issues facing the province — tanker traffic and the opioid crisis. Trudeau toured a commercial tugboat on Tuesday in Vancouver, where he announced that two emergency towing vessels that were promised as part of a federal plan to protect Canada's oceans will operate on the West Coast. "Both of these [Read more]
ExxonMobil Awards Key Contracts for Liza Oil Development and Production in Guyana
Significant step toward first oil production in Guyana Contracts awarded for floating production, storage and offloading vessel Production license application and development plan filed with government IRVING, Texas--(BUSINESS WIRE)--ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), today announced that it has awarded contracts to SBM Offshore for a floating production, [Read more]
ExxonMobil and Porsche Announce Extension of Strategic Relationship
Agreement builds on 20 years of lubricant supply, research and development collaboration Mobil 1 synthetic motor oil to remain the exclusive initial fill and recommended service fill lubricant for all Porsche models Sponsorship of all Porsche Motorsport activities, including LMP1/GT Works programs, Porsche Supercup and Carrera Cups, to continue SPRING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE:XOM) and Porsche [Read more]
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