CALGARY, ALBERTA--(Marketwired - July 6, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge or the Company) announced today the consideration to be paid in the previously announced cash tender offer (the Offer) by its wholly-owned subsidiary, Spectra Energy Capital, LLC (Spectra Capital) for any and all of Spectra Capital's outstanding 8.00% senior unsecured notes due 2019 (the Notes). The Offer will expire at 5:00 p.m. New York City time, today, July 6, 2017, unless extended. The applicable [Read more]
Headlines
JPMorgan tops Canadian M&A activity in energy-driven first half
Canadian mergers and acquisitions rose about 13 percent to C$120.5 billion ($93.2 billion) in the first half of 2017, driven by big-ticket energy deals and robust cross-border activity, according to Thomson Reuters data released on Thursday. Despite strong initial public offerings, overall equity capital deals fell 12 percent to C$26.9 billion in the first half from a year ago, the data showed. JPMorgan , Toronto-Dominion Bank and Goldman Sachs took the top three spots in the M&A [Read more]
Oil rises on US crude stock draw, but prices remain weak
Oil prices recovered some ground on Thursday on strong demand in the United States, but analysts cautioned that oversupply would continue to drag on markets after a steep fall in the previous session. Brent crude futures were trading up 34 cents, or 0.7 percent, at $48.13 per barrel by 0513 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 32 cents, or 0.7 percent, at $45.45 per barrel. The gains reflected firm fuel demand in the United States, where data from the American [Read more]
Georox Resources Announces Extension of Closing of Private Placement
KELOWNA, BC, July 5, 2017 /CNW/ - Georox Resources Inc. ("Georox" or the "Corporation") (GXR: TSX-V; OF6A:FRA) announces that the TSX Venture Exchange has approved an extension of the deadline to complete the previously announced private placement of 6,428,571 units at a price of $0.07 per unit for gross cash proceeds of approximately $450,000 to August 4, 2017. About Georox: Georox is a public oil and gas exploration, exploitation and development company focusing on conventional oil and [Read more]
PNG Exchange New Properties & Equipment
PNG Exchange New Properties Elcano Exploration Inc. – Ceylon Freehold Royalties Ltd. – Freehold 99 Year Lease Lands, Unleased SK Lands: Tilston, Torquay, Three Forks, Ratcliffe, Mississippian, Lodgepole, Frobisher, Alida, Bakken, Glauconite, Mannville, Shaunavon, Viking, Midale Revive Freehold – Frys, SK TORC Oil & Gas Ltd. – Rosevear, Kaybob Canadian Natural Resources Limited – Carnduff For property details or to list your property visit pngexchange.com PNG Exchange [Read more]
Canada’s new pipeline parts rules to lessen burden on operators
Canada's energy regulator should shift the burden for ensuring quality of oil-and-gas pipeline parts more to manufacturers and away from operators, according to an official report viewed by Reuters. The National Energy Board (NEB) commissioned the report to improve the equality of pipeline parts after TransCanada Corp and Enbridge Inc discovered that some they were using had been substandard. Currently, operators often have to provide additional specifications for parts because standards [Read more]
Alberta energy regulator turns to Supreme Court on well abandonment ruling
CALGARY - Alberta's energy regulator has asked the Supreme Court of Canada to review a ruling that could allow energy companies to walk away from cleaning up abandoned oil wells and affect industrial sites across the country. In documents filed Tuesday, the regulator formally applied to the top court for leave to appeal the so-called Redwater decision. In May 2016, an Alberta Queen's Bench judge ruled in favour of the bankruptcy trustee of Redwater Energy Corp. The court ruled [Read more]
Collaboration between industry and government key to enhancing the competitiveness of Alberta’s oil and natural gas sector internationally: CAPP
CALGARY, ALBERTA--(Marketwired - July 5, 2017) - The provincial government and the energy industry could create more than 24,000 new jobs for Albertans and grow the province's economy by nearly $5 billion over the next three years by working together to enhance the competitiveness of Canada's leading trade sector, according to report, A Competitive Policy and Regulatory Framework for Alberta's Upstream Oil and Natural Gas Industry, by the Canadian Association of Petroleum Producers [Read more]
19th Annual Big Guns Stampede Breakfast Returns on July 11th
Over 18 Hours of Non-Stop Partying Big Guns Energy Services Inc. and our event sponsors are thrilled to be hosting the 19th annual Big Guns Stampede Breakfast in 2017. It will be the best one yet! Each year, all areas of the Energy Industry come to this grand event to celebrate. This year will be no different, only better! We would love for you to join us! When July 11, 2017 6:45 AM - 1 AM Where Cowboys Casino Legendary Tent 421 12 AVE SE, CALGARY, AB Click here to find [Read more]
GLJ Petroleum’s July 2017 Price Forecast
The biggest news in the energy industry over the past few months has revolved around the OPEC (and non-OPEC) production cuts. Whether the May 25th agreement to extend existing supply cuts into 2018 will impact the market on a macro scale is yet to be seen. Many analysts share the opinion that these cuts aren’t enough, but in a broad sense there probably hasn’t been enough time to tell if they will move the market in a meaningful way. The reality is that these market changes can’t be expected to [Read more]