BOE Report

Archives for 2016

Energy East: NEB doubles participant funding to $10 million

Panel Members to start hearing process by visiting 10 cities across 6 provinces CALGARY, June 22, 2016 /CNW/ - The National Energy Board (NEB) announced today that the funding available to eligible intervenors for the Energy East hearing has been doubled from $5 to $10 million — the largest amount ever provided through its Participant Funding Program. The NEB also released the list of participants, as well as the schedule and locations of the Panel sessions. The NEB is committed to hearing [Read more]

Mosaic Energy Ltd. – Sale and Investment Solicitation Process

CALGARY, June 22, 2016 /CNW/ - Mosaic Energy Ltd. (the "Company" or "Mosaic") is a privately owned company incorporated under the law of the Province of Alberta and Canada Business Corporation Act. The Company is focused on the exploration for and the development, production and acquisition of, petroleum and natural gas reserves, and is primarily focused on multi-zone horizons in the Deep Basin of the Western Canadian Sedimentary Basin. An Order from the Court of Queen's Bench of Alberta (the [Read more]

Obama administration decries judge’s fracking ruling

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WASHINGTON - The Obama administration on Wednesday decried a ruling by a federal judge that blocks rules for hydraulic fracturing, saying the decision prevents regulators from using "21st-century standards" to ensure that oil and gas operations are conducted safely on public lands. Jessica Kershaw, a spokeswoman for the Interior Department, said "modernized fracking requirements" imposed by Interior Secretary Sally Jewell reflect best industry practices and are aimed at ensuring adequate [Read more]

TransCanada Acquisition of Columbia Pipeline Group Receives Stockholder Support

HOUSTON, TEXAS--(Marketwired - June 22, 2016) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) and Columbia Pipeline Group, Inc. (NYSE:CPGX) (Columbia) today announced that at a special meeting held earlier today in Houston, Texas, Columbia's stockholders voted to adopt the previously announced merger agreement. Approximately 95.33% of votes cast by Columbia stockholders were in favour of adoption of the merger agreement, which will have TransCanada acquire Columbia [Read more]

Birchcliff Energy Ltd. Increases Size of Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - June 22, 2016) - Birchcliff Energy Ltd. ("Birchcliff" or the "Corporation") (TSX:BIR) is pleased to announce that in connection with its June 21, 2016 announced bought-deal financing ("Bought Deal Financing"), Birchcliff has entered into an revised agreement with the syndicate of underwriters (the "Underwriters"), co-led by National Bank Financial Inc. ("NBF"), Cormark Securities Inc., GMP Securities L.P. and Scotia Capital Inc., pursuant to which the [Read more]

First Nations deeply involved in natural resource development: study

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Canada's First Nations have a stake worth hundreds of millions of dollars in resource industry development and are likely to call more of the industry's shots in the future, concludes a research paper. "There is not going to be a very substantial expansion of the resource sector in Canada without full partnerships with indigenous Canadians," said Ken Coates of the University of Saskatchewan. Coates wrote the report for the Indian Resource Council, an aboriginal group that [Read more]

BOE Report Podcast Episode 7

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On this episode, the BOE Report team talks about nonsensical arguments against pipeline development, the ongoing exodus of multinational oil companies from Alberta and the recent AER changes to the liability rating for oil and gas companies. Get episode on Google Play | iTunes | RSS On the Show Terry Etam Tim Dell James Rose Josh Groberman Topics Nonsensical arguments against oil pipelines Mass exodus of multinationals from Alberta AER changes to liability [Read more]

Suncor Energy announces closing of $2.9 billion bought-deal common share financing

CALGARY, ALBERTA--(Marketwired - June 22, 2016) - Suncor today announced that it has completed its previously announced bought-deal offering of 82,225,000 common shares at a price of $35.00 per common share through a syndicate of underwriters led by TD Securities Inc., CIBC Capital Markets and J.P. Morgan Securities Canada Inc. (the "Offering"). The Offering includes 10,725,000 common shares issued pursuant to the fully exercised over-allotment option. Aggregate gross proceeds from the Offering [Read more]

Long Run Exploration Ltd. Announces Receipt of Investment Canada Approval

CALGARY, ALBERTA--(Marketwired - June 22, 2016) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that Calgary Sinoenergy Investment Corp. (the "Purchaser") has received approval under the Investment Canada Act for the acquisition of Long Run by the Purchaser pursuant to the plan of arrangement involving Long Run, the Purchaser and the Long Run securityholders (the "Arrangement"). Long Run is working with the Purchaser in respect of the foreign [Read more]

Sunshine Oilsands Ltd.: Announcement of Partial Closing of Private Placement of 58,871,000 Common Shares Under General Mandate

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Sunshine Oilsands Ltd. (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) (HKSE:2012) By Order of the Board of Sunshine Oilsands Ltd. Sun Kwok Ping, Executive Chairman Hong Kong, June 22, 2016 Calgary, June 21, 2016 As at the date of this announcement, the Board consists of Mr. Kwok Ping Sun, Mr. Hong Luo and Dr. Qi Jiang as executive [Read more]