Leader Resources (2017) is tendering a 2/3 interest in mines and minerals in the SW ¼ 2-10-27 WPM, in the Province of Manitoba, clear title (CT# 2770313/2). Persons tendering are advised to conduct their own due diligence and verify all information including title status. Tenders are to be submitted in a sealed envelope to the law office of McNeill Harasymchuk McConnell, Box 520, 243 Raglan Street W., Virden, Manitoba, R0M 2C0, Attn: Anique Badiou; accompanied by a cheque for 5% of tender [Read more]
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ARROW Exploration Ltd. and Front Range Resources Ltd. Announce Closing of Subscription Receipt Financing and Provides Update
Calgary, Alberta (FSCwire) - ARROW Exploration Ltd. (“Arrow”) and Front Range Resources Ltd. (“FRK” or “Front Range”) (TSXV: FRK) are pleased to announce that, further to the joint news releases issued by Arrow and Front Range dated June 4, 2018 and August 27, 2018, Arrow has closed its previously announced private placement financing of Subscription Receipts for gross proceeds of US$17.69 million as of September 17, 2018. The Subscription Receipt financing is the first of two steps in [Read more]
Pipeline plan coming by end of month, possibly guided by a former judge
OTTAWA - A senior federal source says the Liberals are considering hiring a former top judge to guide a renewed consultation with Indigenous communities on the Trans Mountain pipeline expansion. The Federal Court of Appeal last month quashed the approval given to the project, saying the consultation with Indigenous communities wasn't good enough and criticizing the lack of attention paid to the environmental impact of increased tanker traffic off the coast of British Columbia. The Liberals [Read more]
World’s largest man-made CO2 sequestration project, world’s largest boreal forest reserve, a carbon tax, an oil sand emissions cap: Not bad for a “stupid to the last drop” province
Bragging sucks. It makes most decent people itch to brag, even at the thought of it. It’s generally the hallmark of little people trying to look big. On the other hand, if someone takes a picture of you sitting in your car and simultaneously looking at your cellphone, and they paste it all over social media and insinuate that you’re texting and driving and that you habitually do it, is it bragging to deny it? Is it bragging to point out that you have no traffic tickets, that you don’t text [Read more]
USD Partners moving ahead with Canada crude by rail expansion
USD Partners LP has begun expansion work at one of Canada's largest crude by rail loading terminals, which will boost capacity at the facility by 50 percent and be completed by year end, the head of the company's Canada unit told Reuters.The expansion at Hardisty, Alberta, will increase loading capacity to three 120-car unit trains per day, or roughly 225,000 barrels, to meet strong demand from both producers and refinery customers amid pipeline bottlenecks, said Jim Albertson, [Read more]
Passing of Clayton H. Riddell (1937 – 2018), Paramount’s Founder and Chairman
CALGARY, Sept. 16, 2018 /CNW/ - It is with very heavy hearts that we announce the passing of Company founder and Chairman, Clayton (Clay) H. Riddell. Clay passed away peacefully with his family by his side on Saturday, September 15th after a short illness. He was 81. An icon of the Canadian oil patch, Clay was a fervent advocate for the responsible development of Canada's natural resources and he epitomized the entrepreneurial spirit. He was also a committed philanthropist, his contributions [Read more]
Kinder Morgan hires TD to sell Canadian business
Kinder Morgan Inc has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as C$2.4 billion ($1.8 billion), people familiar with the situation told Reuters this week. The move comes about two weeks after Kinder Morgan closed its sale of the Trans Mountain pipeline to the Canadian government for about C$4.5 billion. At a conference earlier this month, Kinder Morgan Chief Executive Steven Kean [Read more]
Pieridae Appoints Chief Financial Officer and Grants Options
CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce the appointment of Ms. Melanie Litoski as Chief Financial Officer (“CFO”) of the Company. Ms. Litoski is expected to begin her role as CFO on October 1, 2018. Ms. Litoski succeeds Mario Racicot who retired as CFO of the Company effective September 1st, 2018. Alfred Sorensen, Chief Executive Officer of the Company, will assume the responsibilities of CFO [Read more]
China’s Sinopec plans to build Canadian oil refinery
China's Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude. State-owned Sinopec, formally known as China Petroleum & Chemical Corp , along with an Alberta indigenous group, China State Construction Engineering Corp and Alberta management company Teedrum, plan to build a refinery to process 167,000 barrels per day of crude into gasoline and other products, [Read more]
Enhance Energy Completes Arrangements for the Financing and Construction of the Alberta Carbon Trunk Line
CALGARY, Sept. 14, 2018 /CNW/ - Enhance Energy Inc. ("Enhance" or the "Company") is pleased to announce the completion of all required arrangements related to the previously announced project development and coordination agreement and long-term service agreement for the construction and operation of the Alberta Carbon Trunk Line ("ACTL") with Wolf Carbon Solutions Inc. Under the terms of the agreements, Wolf will construct, own and operate the CO2 capture and pipeline transportation assets. [Read more]