REGINA - The premiers of Alberta and Saskatchewan say Energy East would have been a nation-building project and that TransCanada's decision to cancel the pipeline is a bad day for the West. Alberta Premier Rachel Notley says Energy East — which would have carried Alberta oil to tidewater — would have benefited all of Canada with new jobs, investment, energy security and the ability to displace imported oil. Saskatchewan Premier Brad Wall says the reasons for the decision fall at the feet [Read more]
Archives for October 2017
QuickQuotes: what’s being said about the end of TransCanada’s Energy East
TransCanada announced Thursday that it wasn't going ahead with the Energy East pipeline, bringing on a wave of comments either condemning or celebrating the outcome. Here is what some are saying: "Today is not a good day for Canada. It is not a good day for the federation. It is a very bad day for the west. TransCanada made the decision to cancel Energy East – but make no mistake, the reasons for it fall at the feet of Prime Minister Justin Trudeau and the federal government. They have [Read more]
Irving Oil responds to TransCanada’s decision to terminate Energy East pipeline project
SAINT JOHN, NB, Oct. 5, 2017 /CNW/ - This morning, Irving Oil's joint venture partner, TransCanada, announced it will be terminating the Energy East project as a result of changing circumstances around the project. "We are disappointed with this decision," says Ian Whitcomb, President of Irving Oil. "This is a sad day for Canada. The construction of the Energy East pipeline was a once-in-a-lifetime opportunity. This was a $15-billion private-sector investment that would have enabled further [Read more]
Gibson Energy Announces Closing of CDN$250M 5.25% Senior Unsecured Notes
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) today announced that it has closed its previously-announced offering of CDN$250 million aggregate principal amount of 5.25% Senior Unsecured Notes due July 15, 2024. Gibsons intends to use the net proceeds from the offering to redeem the U.S.$211.2 million aggregate principal amount of [Read more]
Conservatives savage Liberal government over cancelled Energy East pipeline
OTTAWA - TransCanada's decision to cancel the Energy East pipeline project exposed deep divisions across the political landscape Thursday, highlighting the ever-present clash between energy development and environmental protection. The premiers of Alberta and New Brunswick and Calgary Mayor Naheed Nenshi all expressed disappointment over the decision, while the Opposition Conservatives blasted Prime Minister Justin Trudeau's Liberal government for "disastrous" energy policies that they [Read more]
Oil steady as talk of new OPEC deal balances U.S. exports
LONDON (Reuters) - Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. “OPEC and Russia are talking about extending production limits, but there’s still plenty of supply with U.S. crude exports up sharply,” said Carsten Fritsch, commodities analyst at Commerzbank in Frankfurt. Brent crude was up 35 cents at $56.15 a barrel by 1000 GMT. U.S. [Read more]
TransCanada to abandon Energy East, Eastern Mainline pipeline projects
TransCanada Corp said it expects to take a C$1 billion charge in the current quarter after deciding to abandon its Energy East and Eastern Mainline pipeline projects, after intense scrutiny by Canada's energy regulator. The termination comes after the National Energy Board (NEB) expanded the scope of its review of Energy East in August, saying it would consider the pipeline's indirect greenhouse gas contributions. Energy East's importance has somewhat diminished for [Read more]
TransCanada to abandon Energy East and Eastern Mainline projects
TransCanada Corp said on Thursday it would abandon its Energy East and Eastern Mainline pipeline projects, following tough review by Canada's energy regulator. The company said it expects a C$1 billion non-cash charge in the fourth quarter due to the termination of the projects. Canada's National Energy Board (NEB) expanded the scope of its review of Energy East in August, saying it would consider the project's indirect greenhouse gas contributions and provide "more [Read more]
TransCanada Announces Termination of Energy East Pipeline and Eastern Mainline Projects
CALGARY, ALBERTA--(Marketwired - Oct. 5, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today it will no longer be proceeding with its proposed Energy East Pipeline and Eastern Mainline projects. Following is a statement from TransCanada President and Chief Executive Officer Russ Girling: After careful review of changed circumstances, we will be informing the National Energy Board that we will no longer be proceeding with our Energy East and [Read more]
WildHorse Resource Development Corporation Announces Borrowing Base Increase, Third Quarter 2017 Earnings Conference Call and Participation in Upcoming Investor Conferences
HOUSTON--(BUSINESS WIRE)--WildHorse Resource Development Corporation (NYSE: WRD) announced today that the borrowing base under its revolving credit facility has been increased to $875 million from $612.5 million as a result of its regularly scheduled semi-annual redetermination. In addition, WRD’s lender group has expanded from 15 to 17 lenders. The revolving credit facility matures in December 2021, and the financial covenants remain unchanged. [Read more]
- « Previous Page
- 1
- …
- 25
- 26
- 27
- 28
- 29
- …
- 32
- Next Page »