VANCOUVER, Oct. 5, 2015 /CNW/ - Petromin Resources Ltd is pleased to announce that it has elected to participate in the completion of the MIDDLE ELLERSIE ZONE in the 11-35-39-28W4M well located in the Joffre field. Upon completion, the well will be placed on production through the existing surface equipment and gas gathering and plant system. Petromin retains a 16.667% working interest in the section including an adjacent gas and oil well in LSD1-35-39-28W4M. Vesta Energy Ltd. will [Read more]
Russia's Big Hitters Looking to Drive Gas Sales in Emerging South East Asian Markets
SINGAPORE, Oct. 2, 2015 /CNW/ - Gazprom's Deputy Chairman, Alexander Medvedev, and Chief Executive of Gazprom Export, Elena Burmistrova, will seek to promote the competitive value of Russian gas to the key emerging energy markets of South East Asia, when they speak at the Gastech Conference in Singapore from 27 to 30 October 2015. The Russian state gas company heavyweights will be joined by other senior Russian executives (including Frédéric Barnaud, Gazprom's Executive Director for [Read more]
Couche-Tard announces completion of sale of Lubricants Business in Europe
LAVAL, QC, Oct. 1, 2015 /CNW Telbec/ - Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B) announces today the closing of the deal to sell its lubricants business to FUCHS PETROLUB SE ("FUCHS"). The deal, announced on August 1st, 2015, was subject to standard regulatory approvals and closing conditions and has now received clearance from the competition authorities. The sale is through a share purchase agreement, pursuant to which FUCHS has acquired 100% of all issued and outstanding shares in [Read more]
Penn West Announces The Sale Of Its Non-Operated 9.5% Working Interest In The Weyburn Unit For $205 Million And UpDates Its Annual Production Guidance
CALGARY, Oct 1, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") is pleased to announce that it has entered into a definitive agreement for the sale of its non-operated 9.5% working interest in the Weyburn Unit in Southeast Saskatchewan for cash consideration of $205 million, subject to closing adjustments customary in transactions of this nature. We intend to use the proceeds from this disposition to reduce our senior debt. Upon the completion [Read more]
National Energy Board approves Line 9 hydrotest results, continues regulatory oversight
CALGARY, Sept. 30, 2015 /CNW/ - The National Energy Board (NEB) has approved the hydrostatic test results submitted by Enbridge for the Line 9B Reversal and Line 9 Capacity Expansion Project (Line 9) and will continue its strict regulatory oversight as Enbridge moves the pipeline into operation. In June 2015 the NEB directed Enbridge to conduct hydrostatic testing on three segments of Line 9. The successful hydrotests confirm the NEB's confidence in the integrity of the pipeline and its [Read more]
Japanese Energy Leadership to Underpin Commitments to Natural Gas at Leading Asian Energy Event
SINGAPORE, Sept. 28, 2015 /CNW/ - As the world's largest consumer of liquefied natural gas (LNG), Japan's consumption accounts for one third of the entire global output every year, placing the country at the epicentre of supply-demand shifts as markets fluctuate in turbulent times. The future of Japan's energy security is a matter of national priority, leaving the country with challenging decisions regarding the fuels it chooses. The need to re-engage and re-negotiate major long-term [Read more]
Russel Metals Announces Redemption of 7.75% Convertible Unsecured Subordinated Debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, Sept. 25, 2015 /CNW/ - Russel Metals Inc. (RUS - TSX) today announced that it has provided holders of its 7.75% convertible unsecured subordinated debentures due September 30, 2016 (the "Debentures"), a notice of redemption pursuant to which Russel Metals will redeem all of the issued and outstanding Debentures effective November 4, 2015 (the "Redemption Date"). The Debentures are listed and trade on [Read more]
NEB releases new schedule for Trans Mountain Expansion hearing
CALGARY, Sept. 24, 2015 /CNW/ - The National Energy Board (NEB) has implemented an excluded period for the review of the Trans Mountain Expansion Project (Project) beginning on September 17, 2015 and ending January 8, 2016, to acquire additional information related to the Project. The NEB has a legislated time limit of 15 months from the date it determines an application is complete until issuing a decision or recommendation to Governor in Council. The term excluded period refers to the [Read more]
Embrace Your Space at the Toronto Fall Home Show – October 1 – 4
TORONTO, Sept. 24, 2015 /CNW/ - In its 27th year, the Toronto Fall Home Show running from Thursday, October 1 until Sunday, October 4 at the Better Living Centre, Exhibition Place, is Toronto's largest Fall Home Show with more than 32,000 people attending the show annually. Make your unique space feel like home with advice, ideas, and inspiration. See celebrity experts like HGTV's Bryan Baeumler, find innovative products for your home, plus shop great deals with over 300 retailers. New [Read more]
Halifax's economy to gain momentum over next two years
OTTAWA, Sept. 23, 2015 /CNW/ - Fuelled by strength in the manufacturing and construction sectors, Halifax's economy is expected to grow by 2.3 per cent this year. Next year looks even better, as real GDP growth is projected to accelerate to 3 per cent, according to The Conference Board of Canada's Metropolitan Outlook: Autumn 2015. "Halifax is benefiting from strong outlooks in both manufacturing and construction. Manufacturing will ramp up this year as production of new ships for the [Read more]
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