BOE Report

New report shows opportunities for Canada-Germany collaboration on energy

OTTAWA, ON - According to a new report, "Canada-Germany Resource Security: Navigating in a Changing World Order," energy stakeholders in Canada and Germany say there are key opportunities for increased collaboration between the two countries on energy and natural resource files but note there is a need to move from expressions of goodwill to concrete actions. Critical minerals and green hydrogen were identified as the areas where there is the greatest opportunity for collaboration, although [Read more]

Tourmaline and Clean Energy announce $70 million joint development agreement to build CNG stations in Western Canada

Investment will establish a commercial fueling network for heavy-duty natural gas trucks across Western Canada CALGARY, AB, April 18, 2023 /PRNewswire/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy") announced today a $70 million Joint Development Agreement to build and operate a network of compressed natural gas ("CNG") stations along key highway corridors across Western Canada. Through this 50-50 shared investment, Tourmaline and [Read more]

Chevron Canada voluntarily relinquishes offshore permits on Canada’s west coast

CALGARY, AB, April 13, 2023 /CNW/ - Chevron Canada Limited (Chevron) is voluntarily relinquishing 19 offshore oil and gas permits on Canada's west coast within the Scott Islands marine National Wildlife Area and the Hecate Strait and Queen Charlotte Sound Glass Sponge Reefs Marine Protected Area (MPA). "Chevron is continually assessing its portfolio and has been in communication with Natural Resources Canada since 2020 on the opportunity to contribute to the Government of Canada's [Read more]

Independent proxy advisory firms, ISS and Glass Lewis, recommend Vermilion Energy shareholders vote FOR all proposed items at the upcoming annual general meeting of shareholders

CALGARY, AB - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis") have each recommended Vermilion shareholders ("Vermilion Shareholders") vote "FOR" all the proposed resolutions at the upcoming Annual General Meeting of Shareholders (the "Meeting") to be held on May 3, 2023 at 3:00 pm MT. The [Read more]

Enbridge Inc. to host webcast to discuss 2023 first quarter results on May 5

CALGARY, AB, April 6, 2023 Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will host a conference call and webcast to provide a business update and review 2023 first quarter results on May 5, 2023 at 7:00 a.m. MT (9:00 a.m. ET). The conference call format will include prepared remarks from the executive team followed by a question and answer session for the analyst and investor community only. Enbridge's media and investor relations teams will be available after the call for [Read more]

Vermilion Energy Inc. announces closing of the Corrib acquisition

CALGARY, AB - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce the closing of the acquisition of Equinor Energy Ireland Limited ("EEIL") from Equinor ASA on March 31, 2023. The acquisition of EEIL adds an incremental 36.5% interest in the Corrib Natural Gas Project ("Corrib"), increasing Vermilion's operated interest to 56.5%. The acquisition makes Vermilion the largest provider of domestic natural gas in Ireland. We entered into an agreement with Equinor ASA [Read more]

Crescent Point announces strategic Montney acquisition with Spartan Delta Corp. for $1.7 billion

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with Spartan Delta Corp. ("Spartan") to acquire Spartan's oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash (the "Transaction" or "Acquisition"). "Over the past five years, we have fundamentally rebuilt and strengthened Crescent Point," said Craig Bryksa, President and CEO of Crescent Point. [Read more]

Competition Bureau successful in challenge of Secure and Tervita merger

GATINEAU, QC - On March 3, 2023, the Competition Tribunal ruled in favour of the Commissioner of Competition in his challenge of Secure Energy Services' acquisition of Tervita Corporation. The Tribunal ordered Secure to sell 29 facilities to resolve the substantial lessening of competition found in 136 relevant markets. The Commissioner is pleased with the decision, which protects competition for oil and gas waste services used by producers in the Western Canadian Sedimentary Basin [Read more]

Crescent Point receives approval for normal course issuer bid

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 54,605,659 common shares, or 10 percent of the Company's public float, as at February 23, 2023. The NCIB is scheduled to commence on March 9, 2023 and is due to expire on March 8, 2024. Purchases of Crescent Point's common [Read more]

Enbridge provides update on strategic priorities, announces accretive investments, and introduces medium-term growth outlook

CALGARY, AB - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is providing an update on its strategic priorities and financial outlook, which will be further discussed at the Company's investor conference today in Toronto. A virtual broadcast of the event is also available for registered participants. Highlights Four growing businesses with best-in-class first-choice franchises Visible $3+ billion of annual investment in natural gas infrastructure, $1+ billion in [Read more]