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]
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Arsenal Energy Inc. Announces Bought Deal Private Placement Financing
CALGARY, ALBERTA--(Marketwired - June 19, 2015) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) announces it has entered into a private placement equity financing agreement, on a bought deal basis, with PI Financial Corp., as lead underwriter, on behalf of a syndicate of underwriters including Acumen Capital Finance Partners Limited, National Bank Financial Inc., Industrial Alliance Securities Inc. and Paradigm Capital Inc (collectively the "Underwriters"). [Read more]
Enbridge Reaches Agreement to Transfer Canadian Liquids Pipelines Business and Renewable Energy Assets to Enbridge Income Fund for $30.4 billion Plus Incentive/Performance Rights
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]
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]