BOE Report

Groupe Filgo and Sonic, a division of La Coop fédérée, are joining forces

MONTREAL, Dec. 3, 2015 /CNW Telbec/ - Groupe Filgo and Sonic, a division of La Coop fédérée, are announcing that they have signed an amalgamation agreement for the purpose of merging their activities for the distribution of energy products and the operation of service stations. The transaction is subject to the usual closing conditions. The new entity will be wholly-owned by Quebec interests. An appropriate merger in a mature market contextThe energy market is a mature one subject to strong [Read more]

CNOOC Signs PSC with Husky

HONG KONG, Dec. 3, 2015 /CNW/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations (China) Limited (Husky) for Block 15/33 in the South China Sea. Logo - http://photos.prnasia.com/prnh/20150819/8521505396LOGO Block 15/33 is located in the Pearl River Mouth Basin of the South China Sea. The block covers a total [Read more]

Statement – Minister McKenna congratulates British Columbia on its commitment to climate action

PARIS, France, Dec 2, 2015 /CNW/ - On behalf of the Government of Canada, the Honourable Catherine McKenna, Minister of Environment and Climate Change, welcomed the release of British Columbia's Climate Leadership Team report and commended the Province of British Columbia on its consistent leadership on climate change. "British Columbia has long been an advocate for climate change action in Canada, and its exceptional work on greenhouse gas emissions reductions, clean technology and [Read more]

TSB issues five recommendations following investigation into September 2013 collision between an OC Transpo bus and a VIA Rail train

OTTAWA, Dec. 2, 2015 /CNW/ - The Transportation Safety Board of Canada (TSB) investigation (R13T0192) into the September 2013 collision between an OC Transpo bus and a VIA Rail train in Ottawa, Ontario, identified numerous contributory factors including company practices, work-related driving distractions, speed, the configuration of the Transitway, and bus crashworthiness. As a result of the collision, the train derailed and the bus was extensively damaged. Six people, including the bus driver, [Read more]

TSX Delisting Review – Spyglass Resources Corp. (Symbol: SGL)

TORONTO, Dec. 2, 2015 /CNW/ - DELISTING REVIEW Spyglass Resources Corp. (the Company) – Further to TSX Bulletin 2015-1200 dated November 26, 2015, TSX has determined to delist the common shares (Symbol: SGL) of the Company at the close of business on December 31, 2015 for failure to meet the continued listing requirements of TSX. The common shares will remain suspended from trading. About TMX Group (TSX: X) TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses [Read more]

Couche-Tard acquires Topaz, Ireland's largest convenience and fuel retailer

LAVAL, QC, Dec. 2, 2015 /CNW Telbec/ - Alimentation Couche-Tard Inc. ("Couche‑Tard") (TSX: ATD.A ATD.B) announces today that it has signed, through one of its wholly‑owned indirect subsidiaries, an agreement to acquire Ireland's leading convenience and fuel retailer Topaz, through purchasing the majority share capital (more than 99.86%) of both Topaz Energy Group Limited ("TEGL") and Resource Property Investment Fund plc ("RPIF"), together with the entire share capital of Esso Ireland [Read more]

Penn West regains compliance with the New York Stock Exchange’s continued listing standard regarding the price of its common stock

CALGARY, Dec. 2, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") is pleased to announce that it received notification yesterday from the New York Stock Exchange (the "NYSE") that it has regained compliance with the NYSE's continued listing standard regarding the price of its common stock. On September 4, 2015, Penn West received notification from the NYSE that Penn West had fallen below the NYSE's continued listing standard, which requires a [Read more]

Journey Energy Inc. Announces Borrowing Base Redetermination

CALGARY, Dec. 1, 2015 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces that it has completed its semi-annual review of its secured, revolving credit facility.  Effective November 30, the borrowing base has been set at $140 million with no financial covenants.  Previously, the borrowing base was $205 million with a covenant requiring approval of the syndicate for borrowings in excess of $150 million.  The revised credit facility consists of a $15 million working [Read more]

Cequence Energy Provides Credit Facility Update

CALGARY, Dec. 1, 2015 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce the Company has voluntarily elected to reduce its maximum borrowing capacity under its credit facility to $60 million (previously $135 million).  The reduced facility is part of the Company's ongoing cost reduction initiatives and will save excess standby and commitment fees.  The Company is currently undrawn on its credit facility. The Company's capital structure includes senior [Read more]

Union Gas Announces Transportation Open Season

Firm capacity between Dawn, Kirkwall and Parkway starting as early as Nov. 1, 2018 CHATHAM, ON, Dec. 1, 2015 /CNW/ - Union Gas is holding an open season for incremental firm capacity of up to 350,000 GJ/d beginning in 2018 and an additional 600,000 GJ/d in 2019 along the following transportation paths: (a) Dawn to Parkway; (b) Dawn to Kirkwall; and (c) Kirkwall to Parkway. The open season offers firm access to the liquidity and diversity of the Dawn Hub in addition to [Read more]