CALGARY, May 31, 2017 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced the sanctioning of the first phase of its natural gas gathering and processing complex in the Wapiti area south of Grand Prairie, Alberta (the "Project"). The sanctioned portion of the Project is supported by agreements with its primary customer, which include an area dedication and take-or-pay commitments under a long-term gas handling agreement. The first phase of the Project includes a 150 million cubic feet [Read more]
Archives for May 2017
Trilogy Energy Corp. Completes Sale of Certain Duvernay Assets in the Kaybob Area for $60 Million
CALGARY, ALBERTA--(Marketwired - May 31, 2017) - Trilogy Energy Corp. ("Trilogy") (TSX:TET) is pleased to announce that it has completed its previously announced sale of certain Duvernay assets in the Kaybob area of Alberta for cash consideration of $60 Million (before adjustments), with the proceeds to be used to reduce Trilogy's indebtedness under its revolving credit facility. About Trilogy Trilogy is a petroleum and natural gas-focused Canadian energy corporation that actively [Read more]
Updated Share Capital and Voting Rights for BlackPearl
CALGARY, ALBERTA--(Marketwired - May 31, 2017) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) reports the following, in accordance with the Swedish Financial Instruments Trading Act: As a result of the exercise of stock options, as at May 31, 2017, the number of issued and outstanding shares of the Company is 336,250,902 common shares with voting rights. The information in this release is subject to the disclosure requirements of BlackPearl [Read more]
Kinder Morgan Canada says Trans Mountain moving forward after extensive review
CALGARY - The president of Kinder Morgan Canada (TSX:KML) has defended the Trans Mountain project as having gone through rigorous assessments in his first comments since the B.C. NDP-Green party alliance resolved to stop the pipeline expansion. Ian Anderson said in a statement Wednesday that the expansion has been reviewed, analyzed, discussed and considered thoroughly over many years, and now has approvals from the National Energy Board, the Government of Canada and a B.C. environmental [Read more]
Dakota Access pipeline expected to begin shipping Thursday
BISMARCK, N.D. - The developer of the Dakota Access oil pipeline, which is expected to begin shipping oil on Thursday, will face scrutiny later this summer on whether it violated North Dakota rules during construction. The three-member North Dakota Public Service Commission is looking into whether Texas-based Energy Transfer Partners removed too many trees and shrubs along the pipeline route, and whether it improperly reported the discovery of Native American artifacts. No artifacts were [Read more]
Whitecap Resources Inc. Announces Closing of Senior Secured Notes and Provides Operational Update
CALGARY, May 31, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has closed an issuance of Cdn$200 million senior secured notes which have an annual coupon rate of 3.54% and mature in 7 years on May 31, 2024. The notes were issued by way of a private placement, pursuant to a note purchase agreement and rank equally with Whitecap's obligations under its bank facilities. Proceeds from the notes will be used to repay a portion of [Read more]
Business leaders express concern about promises in B.C. NDP-Green agreement
CALGARY - Some business leaders in Canada expressed concerns Wednesday that the fallout from British Columbia's election is discouraging the private sector from investing in the province. Promises by B.C.'s NDP and Greens to hike the minimum wage and carbon tax could further jangle investor nerves after both parties also committed to immediately stopping the Trans Mountain pipeline expansion project. "The election outcome, and the vow of the Green-NDP alliance to obstruct that [Read more]
E3 Metals Corp. Receives TSX Venture Exchange Approval for, and closes, acquisition of 1975293 Alberta Ltd. and files NI 43-101 Technical Report on Alberta Lithium Project
Vancouver, British Columbia - (May 31, 2017) – E3 METALS CORP. (TSX.V:ETMC.H) (the “Company” or “E3 Metals”) is pleased to announce that it has received final approval from the TSX Venture Exchange (“TSXV”) and has closed its Fundamental Acquisition (as that term is defined in the policies of the TSXV) with 1975293 Alberta Ltd (“AlbertaCo”) whereby all outstanding securities of AlbertaCo have been exchanged for securities of E3 Metals (the “Transaction”) as described below. As a result of the [Read more]
Shell Canada statement on oil sands divestment
CALGARY, May 31, 2017 /CNW/ - A statement from Shell Canada President and Country Chair Michael Crothers on the completion of two previously announced agreements that will see Shell sell the majority of its oil sands interests and all of its in-situ interests in Canada: "Shell has built safe, responsible and competitive oil sands mining and in-situ businesses in Alberta over the past decades thanks to the tireless work and dedication of our staff, contractors and joint venture partners; [Read more]
Chevron Highlights 2016 Performance and Future Plans at Annual Meeting of Stockholders
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today provided an overview of the company’s 2016 operational and social performance and future growth plans for the company at its 2017 Annual Meeting of Stockholders in Midland, Texas. “2016 was a transition year for Chevron and the industry,” said John Watson, chairman of the board and chief executive officer. “We took significant actions to reduce costs, limit cash [Read more]
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