BOE Report

North American natural gas market oversupply to continue, says NEB

CALGARY, June 19, 2015 /CNW/ - Lower prices, ample supply, and increased competition in key markets will challenge the competitiveness of Canadian natural gas and gas exports, says the National Energy Board's latest natural gas deliverability market assessment, released today. The Short-term Canadian Natural Gas Deliverability, 2015–2017 Energy Market Assessment examines the factors that affect natural gas supply in Canada in the short term, and presents an outlook for Canadian natural gas [Read more]

Enerplus Announces Cash Dividend for July 2015

CALGARY, June 19, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.05 per share will be payable on July 15, 2015 to all shareholders of record at the close of business on June 30, 2015. The ex-dividend date for this payment is June 26, 2015. The CDN$0.05 per share dividend is equivalent to approximately US$0.04 per share if converted using the current Canadian/US dollar exchange rate of 0.8191. The U.S. dollar equivalent [Read more]

Cenovus updates royalty lands transaction process

CALGARY, June 19, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continues to make progress on its previously announced plan to pursue opportunities to maximize the value of its royalty interest and mineral fee title lands. The company confirms it is in discussions with a counterparty with respect to a potential sale of the assets. There is no assurance any agreement will result from the discussions. Until such time as it is appropriate to make a public announcement about a transaction, [Read more]

Pacific Rubiales Comments on the O'Hara Circular and Files an Application to Exclude O'Hara Group From Voting Common Shares Acquired in Apparent Violation of Securities Laws

TORONTO, June 18, 2015 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) today announced that, after receiving approval from the Independent Committee of the Board of Directors, the Company is filing an application (the "Application") before the Supreme Court of British Columbia (the "Court") in connection with the proposed arrangement involving the Company, ALFA, S.A.B. de C.V. ("ALFA"), Harbour Energy, L.P., Harbour Energy Ltd. ("Harbour Energy") and 1035815 B.C. Ltd. (the [Read more]

Hydrostatic testing required on Enbridge Line 9B before operation

MONTREAL, June 18, 2015 /CNW/ - The National Energy Board (NEB) requires Enbridge to conduct hydrostatic testing on Line 9B to provide the necessary level of confidence in the pipeline's safe operation.    Before Line 9B becomes operational, hydrostatic testing results of three segments of the pipeline must be provided to and approved by the NEB. The segments are located around Hilton (Ontario), between Kingston and Brockville (Ontario) and Mirabel (Quebec). The number and location of the [Read more]

Seven Generations Energy joins S&P/TSX Composite Index

Effective after market close Friday, June 19th, 2015 CALGARY, June 18, 2015 /CNW/ - Seven Generations Energy Ltd. (7G) has been added to the S&P/TSX Composite Index, the headline index for the Canadian equity markets. 7G's inclusion in the S&P/TSX index will be effective after the close of trading on the TSX on Friday, June 19th, 2015.  "Joining Canada's leading equity index is a milestone that reflects the growing market recognition of 7G as a high-growth and successful Canadian energy [Read more]

Sequa Petroleum N.V. Acquires Large Asset Portfolio on the Norwegian Continental Shelf

LONDON, June 18, 2015 /CNW/ - Sequa Petroleum NV ("SPNV") is pleased to announce that an agreement has been reached for the acquisition of Tellus Petroleum Invest AS and its subsidiary Tellus Petroleum AS (collectively "Tellus") a company registered in Norway. Concurrent with the acquisition, Tellus has entered into an agreement with Wintershall Norge AS ("Wintershall") to complete a large asset portfolio transaction on the Norwegian Continental Shelf ("NCS") acquiring working interests in 4 [Read more]

Cequence Energy Announces Closing of $54 Million Midstream Transaction

CALGARY, June 17, 2015 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce it has closed its previously announced transaction with Kanata Energy Group Ltd. ("KANATA") pursuant to which Cequence sold a 50% interest in its existing Simonette facilities and related infrastructure and Cequence and KANATA agreed to jointly fund an enhancement of the 13-11-62-27W5M Simonette gas compression and dehydration facility ("Facility"). The Facility enhancement [Read more]

65 Roses Ladies Golf Classic Proudly Presented by Gibson Energy on June 22, 2015

CALGARY, June 17, 2015 /CNW/ - The 65 Roses Ladies Golf Classic is proudly presented by Gibson Energy Inc. is being held on Monday June 22, 2015 at the beautiful Earl Grey Golf Course in Calgary. Cystic Fibrosis Canada is thrilled to have Gibson on our team as we continue the work that is improving the lives of those with cystic fibrosis and that will ultimately find a control or cure. Gibson Energy is one of the largest independent midstream companies in Canada. They have been providing [Read more]

Horizon North Logistics Inc. increases size of bought deal financing

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./ CALGARY, June 17, 2015 /CNW/ - TSX Symbol: HNLHorizon North Logistics Inc. (TSX - HNL) ("Horizon North" or the "Corporation") is pleased to announce that in connection with its previously announced bought-deal financing, Horizon North and the syndicate of underwriters led by Peters & Co. [Read more]