BOE Report

MEG Energy announces US$225 million debt repayment

CALGARY, AB - MEG Energy Corp. ("MEG" or the "Company") (TSX: MEG) announced today that it has issued a notice to redeem US$225 million aggregate principal amount of its 6.50% senior secured second lien notes due 2025 (the "Second Lien Notes") at a redemption price of 101.625%, plus accrued and unpaid interest to, but not including, the redemption date.  The redemption is expected to be completed on or about January 18, 2022. Inclusive of the redemption, MEG will have redeemed US$579 million of [Read more]

Vermilion Energy Inc. announces Corrib acquisition and 2022 budget and guidance

CALGARY, AB  - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce the acquisition of an incremental 36.5% interest in the Corrib Natural Gas Project ("Corrib") and our 2022 Budget and Guidance. Highlights Vermilion has entered into an agreement to acquire Equinor Energy Ireland Limited which owns a 36.5% interest in Corrib ("Corrib Acquisition") for total consideration of US$434 million ($556 million), before closing [Read more]

Capital Power and Enbridge to collaborate on carbon capture and storage solutions in Alberta

CALGARY, AB - Capital Power Corporation (TSX: CPX) and Enbridge Inc. (TSX: ENB) (NYSE: ENB) are pleased to announce a memorandum of understanding to collaborate on carbon capture and storage (CCS) solutions in the Wabamun area west of Edmonton, Alberta, near Capital Power's Genesee Generating Station. Enbridge and Capital Power have agreed to jointly evaluate and advance a CCS project, with Enbridge as the transportation and storage service provider and Capital Power as the CO2 provider, [Read more]

Canada’s natural gas delivery industry working towards 2050

OTTAWA, ON - Today, the Canadian Gas Association (CGA) launched a digital hub dedicated to sharing the gas delivery industry's work and ongoing efforts to meet Government of Canada emission targets of net zero by 2050. Details of the industry's role are highlighted on CGA's website through a new Net-Zero Hub. This Hub contains insights on the opportunities and challenges ahead as industry works to position Canada as a global leader in delivering affordable, reliable low-emission gaseous [Read more]

Enbridge Responds to Canada Energy Regulator Decision to Deny Mainline Contracting

CALGARY, AB, Nov. 28, 2021 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today responded to the Canada Energy Regulator's (CER) November 26, 2021 decision to deny the implementation of contracting for firm service on the Enbridge Canadian Mainline system. Enbridge has completed its review of the decision and identified next steps that include re-engaging all stakeholders, including shippers and non-shippers on the Mainline system. The Enbridge Mainline is a [Read more]

Highwood Asset Management Ltd. announces third quarter 2021 results and operational update

CALGARY, AB - Highwood Asset Management Ltd., ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce financial and operating results for the quarter ended September 30, 2021.  The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis ("MD&A") for the quarter ended September 30, 2021, can be found at www.sedar.com and www.highwoodmgmt.com. Highlights On July 20, 2021, the Company changed its name from Highwood Oil [Read more]

CER Issues Mainline Contracting Regulatory Decision

CALGARY, AB, Nov. 26, 2021 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today received a decision from the Canada Energy Regulator (CER) on the Company's commercial proposal to offer transportation contracting on its Mainline pipeline system, which moves approximately 3 million barrels a day of liquids from Edmonton, AB to essential U.S. demand centers. Enbridge submitted a regulatory application to the CER in December 2019 to offer contracted transportation [Read more]

Inter Pipeline announces issuance of senior unsecured notes

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline") announced today that it has agreed to issue an aggregate of $1 billion Senior Unsecured Notes (the "Notes") consisting of: $750 million of Notes with a fixed interest rate of 3.983% per annum, payable semi-annually, and mature on November 25, 2031; and $250 million of Notes with a fixed interest rate of 5.091% per annum, payable semi-annually, and mature on November 27, 2051. The Notes will be senior unsecured debt of Inter [Read more]

MEG Energy to Announce 2022 Capital Investment Plan

CALGARY, AB -   2022 Capital Investment Plan Release: November 29, 2021 after market close Conference Call Details: November 30, 2021 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.888.390.0546 International: 1.416.764.8688 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on November 30, 2021 at: [Read more]

Parkland initiates steps to pause refinery processing operations in response to ongoing Trans Mountain Pipeline shut down

CALGARY, AB - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI), announced today, that in response to the ongoing crisis in British Columbia that resulted in the shutdown of the Trans Mountain Pipeline on November 14, it has initiated steps to pause refinery processing operations at the Burnaby Refinery ("the refinery") and maintain the refinery in ready-mode. The Trans Mountain Pipeline is the primary source of crude oil feedstock to the refinery. "Due to a lack [Read more]