RICHMOND, Va.--(BUSINESS WIRE)--Dominion Resources, Inc. (NYSE: D) and Questar Corporation (NYSE: STR) announced today that their proposed combination has cleared a key condition needed for completion. The Federal Trade Commission has granted early termination of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act with regard to the combination. Expiration or termination of the waiting period is one [Read more]
Archives for 2016
NuVista Energy Ltd. Presenting at 21st Annual Credit Suisse Energy Summit in Vail, CO
CALGARY, ALBERTA--(Marketwired - Feb. 23, 2016) - NuVista Energy Ltd. (TSX:NVA) announces that Jonathan Wright, President and CEO of NuVista, will be presenting at the 21st Annual Credit Suisse Energy Summit in Vail, CO on Thursday, February 25th at 11:00am MST. His presentation will be available via Audio WebCast by entering https://cc.talkpoint.com/cred001/022216a_ae/?entity=35_8PIX0XJ INVESTOR INFORMATION NuVista is an independent Canadian oil and natural gas [Read more]
Climate test for resource projects would likely scuttle oilsands growth
OTTAWA - If Canada and the United States are serious about the climate commitments they made in Paris, they need to establish a common climate test for major resource projects that takes into account a low-carbon future, environmental groups said Tuesday.And they believe any such test is likely to rule out long-term infrastructure, such as pipelines, that leads to expansion of Canada's oil sands production."It's incompatible to be talking about being a leader on climate change and adhering to [Read more]
Feds allocate $250M to help struggling Alberta deal with oil-price slump
OTTAWA - Rushing to balance the federal books would drive the country into recession, Finance Minister Bill Morneau cautioned Tuesday — one day after admitting that he's digging a fiscal hole that's even deeper than originally planned.Morneau was at the centre of several heated partisan exchanges that highlighted the stark philosophical difference between the Liberals and Conservatives on the importance of a balanced federal budget.He appeared before an all-party parliamentary committee to [Read more]
Cenovus to present at the Credit Suisse 21st Annual Energy Summit
CALGARY, Feb. 23, 2016 /CNW/ - Robert Pease, Executive Vice-President, Corporate Strategy & President, Downstream, will present at the Credit Suisse 21st Annual Energy Summit in Vail, Colorado on Wednesday, February 24, 2016 at 12:45 p.m. MT (2:45 p.m. ET). The webcast link will be available via Cenovus's website, cenovus.com or via the following URL: https://cc.talkpoint.com/cred001/022216a_ae/?entity=19_NTIBKKJ Cenovus Energy Inc. Cenovus Energy Inc. is a Canadian integrated oil company. [Read more]
Cenovus to present at the Credit Suisse 21st Annual Energy Summit
CALGARY, Feb. 23, 2016 /PRNewswire/ - Robert Pease, Executive Vice-President, Corporate Strategy & President, Downstream, will present at the Credit Suisse 21st Annual Energy Summit in Vail, Colorado on Wednesday, February 24, 2016 at 12:45 p.m. MT (2:45 p.m. ET). The webcast link will be available via Cenovus's website, cenovus.com or via the following URL: https://cc.talkpoint.com/cred001/022216a_ae/?entity=19_NTIBKKJ Cenovus Energy Inc. Cenovus Energy Inc. is a Canadian integrated oil [Read more]
Nine Energy Completes First 50 Stage Divert-A-Frac System
HOUSTON, Feb. 23, 2016 /CNW/ - Nine Energy Service, Inc. (Nine) successfully completed their first 50-stage Divert-A-Frac open hole system for a large, global independent operator in the Williston Basin. All 50 stages were successfully placed and the stimulation job was completed as designed with a total of 3.5 MM lb proppant and 52,300 bbl fluid. The stimulation took just over 50 hours, averaging ~1 hour per stage, with zero non-productive time (NPT) related to the system operation. "The [Read more]
Ahead of First White House Visit, Environmental Groups Call on PM Trudeau to Adopt Harmonized Climate Test
It's impossible to meet Canada's Paris climate commitment using 'business as usual' evaluation OTTAWA, Feb. 23, 2016 /CNW/ - Ahead of Prime Minister Trudeau's first White House visit to discuss climate policy with President Obama, environmental groups across North America today called on PM Trudeau to implement an evidence-based climate test for all energy projects and policies under federal review. Such a test would assess the economic viability of energy infrastructure [Read more]
Nine Energy Completes First 50 Stage Divert-A-Frac System
HOUSTON, Feb. 23, 2016 /PRNewswire/ - Nine Energy Service, Inc. (Nine) successfully completed their first 50-stage Divert-A-Frac open hole system for a large, global independent operator in the Williston Basin. All 50 stages were successfully placed and the stimulation job was completed as designed with a total of 3.5 MM lb proppant and 52,300 bbl fluid. The stimulation took just over 50 hours, averaging ~1 hour per stage, with zero non-productive time (NPT) related to the system operation. [Read more]
Lucid Energy Group II, LLC Secures $350 Million Equity Commitment from EnCap Flatrock Midstream
DALLAS--(BUSINESS WIRE)--Lucid Energy Group II, LLC (“Lucid II”), a full-service midstream provider based in Dallas, announced today that the company has secured an initial equity commitment of $350 million from EnCap Flatrock Midstream (“EnCap Flatrock”) and the Lucid II management team. Lucid II was formed by the team that leads its successful predecessor company, Lucid Energy Group, LLC (“Lucid I”), also backed by EnCap Flatrock. Lucid I [Read more]
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