CALGARY, ALBERTA--(Marketwired - June 19, 2015) - $30.4 billion transfer of the Canadian Mainline, the Regional Oil Sands System and Canadian renewable energy assets to Enbridge Income Fund Transaction supports higher dividend payout and positions Enbridge to extend its industry leading growth rate beyond 2018 Available Cash Flow from Operations growth expected to average approximately 18 percent from 2014 to 2018 33 percent [Read more]
News
Cenovus confirms talks about potential sale of assets, silent on buyer’s identity
CALGARY - Cenovus Energy Inc. (TSX:CVE) confirmed Friday that it's in talks about the potential sale of royalty lands but provided no details of the other party's identity or the estimated value of the deal.The announcement follows a Reuters news report that the Calgary-based company was holding exclusive talks with the Ontario Teachers Pension Plan about a deal that sources said could be worth between $2.5 bilion and $3 billion.Cenovus said before markets opened Friday that it's making progress [Read more]
Toscana Energy Confirms Closing of Previously Announced Transactions
CALGARY, Alberta, June 18, 2015 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) is pleased to announce that it has closed on its previously announced asset acquisition of approximately 200 BOEs/d of long life oil and gas assets within the Company's core operating areas of southern and central Alberta (the "Assets"). The aggregate purchase price in respect of the Assets acquired was $9 million which was satisfied using the Company's existing [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]
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]
Obama to appear at fundraiser hosted by Keystone opponent, as decision awaited
WASHINGTON - With a decision looming on the Keystone XL pipeline, President Barack Obama is scheduled to appear at a fundraiser hosted by a prominent pipeline opponent.The president will speak Friday at a fundraiser in California hosted by the so-called green billionaire Tom Steyer, who has promoted and donated heavily to anti-pipeline campaigns.The White House played down any connection between the event and the president's eventual decision on the Canada-to-Texas pipeline, when asked whether [Read more]
Shell-led LNG Canada project gets environmental go-ahead from Ottawa, B.C.
CALGARY - A multibillion-dollar liquefied natural gas project led by Royal Dutch Shell was given the environmental go-ahead on Wednesday, subject to dozens of conditions.The LNG Canada project — planned for Kitimat B.C. — obtained the blessing of both the federal and British Columbia governments following a streamlined review process. The federal government has decided the environmental impacts of the LNG Canada project are justified in the circumstances, Environment Minister Leona Aglukkaq [Read more]
Contrary to Popular Opinion Calgary’s Downtown Real Estate Follows Energy Industry
City of Calgary Mayor Naheed Nenshi, has enjoyed sweeping popularity among Calgarians as the city’s municipal leader. From the way he and his fellow councilors dealt with the 2013 floods, to how he became the first Calgary mayor to grand marshal the Calgary Pride parade, to his seemingly effortless capacity to speak his mind; Nenshi is endeared by not only Calgarians, but Albertans, Canadians, and people from around the world (last year he won the World Mayor Prize). Political popularity, [Read more]
CNRL president expects ‘reasonable’ NDP changes, but uncertainty remains
CALGARY - The president of one of Canada's biggest oil and gas producers says he doesn't believe Alberta's NDP government is out to hurt the industry as it prepares to review royalties and revamp environmental regulations.But Steve Laut, with Canadian Natural Resources Ltd. (TSX:CNQ), warned damage could still be inflicted, especially when there are so many changes happening at once."We're assuming that the royalty, regulatory and environmental burdens will be reasonable, allowing for investment [Read more]