CALGARY, Alberta and HONG KONG, July 12, 2015 /PRNewswire/ -- The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is pleased to announce the following: PRIVATE PLACEMENT OF HK$ 155,028,000 OF COMMON SHARES (a) The Placements On July 12, 2015 in Hong Kong (July 12, 2015 in Calgary), the Corporation entered into a subscription agreement with Grand East Wealth Investment Co., Ltd. ("Grand East") under which Grand East [Read more]
News
Liberals, NDP to debate proposed B.C. LNG deal during summer legislative session
VICTORIA - British Columbia's politicians are returning to the legislature to debate the details of an agreement that could pave the way for the largest private investment in the province's history — a proposed $36-billion liquefied natural gas export plant.The Pacific NorthWest LNG project planned for Lelu Island near Prince Rupert still requires federal environmental approval, and Malaysian energy giant Petronas has yet to make its final investment decision.But ratifying the project [Read more]
Kicking Horse Energy Inc. Reports Agreement for Settlement of Class Action Proceedings
CALGARY, AB--(Marketwired - July 10, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) reports that the parties to the class action proceedings (the "Class Action") commenced in the Alberta Court of Queen's Bench (the "Court"), Action Number 1301-10050, have entered into an agreement ("Settlement Agreement") whereby they have, subject to Court approval, agreed to settle the Class Action upon the terms and conditions set forth in the Settlement Agreement. [Read more]
Halliburton and Baker Hughes Provide Update on Proposed Acquisition
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today announced that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) pursuant to which both companies have agreed to extend the period for the DOJ’s review of Halliburton’s previously announced acquisition of Baker Hughes to the later of November 25, 2015 or 90 days after both companies have certified substantial compliance with the [Read more]
TransCanada Launches Binding Open Season for Keystone Pipeline
CALGARY, ALBERTA--(Marketwired - July 10, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today launched an Open Season to offer additional binding commitments to interested parties for transportation of crude oil on the Keystone Pipeline System from Hardisty, Alberta to markets on the U.S. Gulf Coast. The Keystone Pipeline System, at over 4,200 kilometres (2,600 miles), is one of the most extensive crude oil pipeline systems in North America, currently delivering to key [Read more]
NEB approves Alliance Pipeline's new services and related tolls and tariffs
CALGARY, July 9, 2015 /CNW/ - The National Energy Board (NEB) has approved Alliance Pipeline's new services and their associated terms and conditions as well as the proposed firm tolls. In May 2014, Alliance applied to the NEB requesting approval to implement new services and related tolls and tariffs to commence in December 2015. These new services included fixed tolls for medium- and long-term services as well as flexibility for shippers to choose services specific to their needs. The [Read more]
Canamax Closes Private Placement – Raises Gross Proceeds of $15.4 Million
CALGARY, AB--(Marketwired - July 09, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce that the Company has closed its previously announced private placement financing (the "Offering"), pursuant to which the Company has issued: (i) 21,724,268 Subscription Receipts at a price of $0.60 per Subscription Receipt (the "Subscription Receipts Offering"); and (ii) 3,618,893 common shares of the Company ("Common Shares") on a "flow-through" basis pursuant [Read more]
Policy-makers need to strike balance in setting carbon emission goals: CEOs
CALGARY - Governments needs to set a clear vision on energy goals and then let private enterprise figure out how to get there, according to the chief executives of two major North American energy companies.Greg Abel, head of Berkshire Hathaway Energy, and Doug Suttles, CEO of Encana Corp., were speaking at a Chamber of Commerce event in Calgary.Both are looking to see what kind of targets will emerge in Alberta and elsewhere as governments become more proactive in tackling carbon emissions.But [Read more]
Enbridge executive says he hopes Line 9 pipeline begins shipping oil this year
CALGARY - An Enbridge executive says he hopes the company will be allowed to start shipping crude to Montreal through its Line 9 pipeline later this year.But senior vice-president Vern Yu says there should be more clarity on the timeline when Enbridge reports its second quarter-earnings within the coming weeks.Work to reverse the flow of Line 9 between southern Ontario and Montreal was completed last fall, but Enbridge was been waiting for the National Energy Board to allow it to start up.The [Read more]
Don’t Panic, Nothing Has Really Changed In The Oil Markets
Monday's 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamental conditions in the physical market. To the point: Demand is heading towards record levels both internationally and in the U.S. The Greek issue is not new and it has not changed. It is just popular now as deadlines are pushed. It will fade and its drag on oil prices will ease. The Chinese stock market is either correcting [Read more]