CALGARY, Sept. 10, 2019 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) today announced that it has agreed with Kinder Morgan Canada Limited (TSX: KML) ("KML") to amend and restate the previously announced arrangement agreement dated August 20, 2019 (the "Arrangement Agreement") to include the preferred shares of KML in the arrangement transaction pursuant to which Pembina will acquire KML (the "Transaction"). If requisite approval by the holders of [Read more]
Headlines
Construction of Trans Mountain pipeline expansion still faces hurdles
VANCOUVER - Barbara Gard calls her three-hectare property, nestled below the forested peak of Sumas Mountain, a "miniature Stanley Park." Its lush trees and flowing creek reminded her of Vancouver's majestic park, and she immediately knew she wanted to call it home. But she said her peaceful retreat in Abbotsford, B.C., now feels more like a nightmare. Gard is among thousands of landowners along the Trans Mountain pipeline expansion route who have not yet granted the Crown corporation [Read more]
Point Loma Announces Private Placement Offering of Flow-Through Units and Units for Up to $1.5 Million and Provides Asset Overview Update
CALGARY, Alberta, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX-V: PLX) ("Point Loma" or the "Corporation") is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation, as sole agent and sole bookrunner (the "Agent"), pursuant to which the Agent has agreed to offer, on commercially reasonable efforts, private placement basis to raise aggregate gross proceeds to the Corporation of up to approximately $1,500,000 (the “Offering”). The [Read more]
Alberta asks court whether environmental assessment process is constitutional
The Alberta government has officially asked the province's Appeal Court whether Ottawa's new environmental assessment process for major construction projects like pipelines is constitutional. The government filed its challenge with the court on Tuesday, asking it whether the federal government was acting within its authority when it passed the act that established the process earlier this year. Alberta Premier Jason Kenney said in June that he was pondering a constitutional challenge, [Read more]
Enbridge investors cheer Mainline overhaul despite Canadian producer protests
Enbridge Inc's plan to overhaul contracts on its Mainline pipeline system has outraged many Canadian shippers but is cheered by investors who see monetizing existing infrastructure as a safer bet than trying to build new pipelines. The Mainline is North America's largest pipeline network, transporting nearly 3 million barrels per day, or 70%, of crude from western Canada to the U.S. Midwest. Many shippers opposed say Enbridge is abusing its market power and the changes will hurt Canadian [Read more]
Aucerna Acquires Micotan Software
Energy software leader expands portfolio of integrated well delivery solutions Aucerna, the global energy industry's leading provider of solutions for integrated planning, execution, and reserves today announced it has acquired Micotan software, creators of the popular well life cycle management tool, Generwell™. With this acquisition, Aucerna brings added capability to its well delivery execution solution and expands its market leadership in the areas of integrated capital management and [Read more]
Encana Corp. names Michael McAllister as new president
Encana Corp. has named Michael McAllister as its president, part of several changes to its executive leadership. He will continue to report to chief executive Doug Suttles. McAllister joined the company nearly 20 years ago and held positions of increasing responsibility. He previously served as Encana's executive vice-president and chief operating officer. The company also promoted Brendan McCracken to executive vice-president of corporate development and external affairs. He will [Read more]
Oil and gas majors sign deal to implement blockchain in Bakken oilfield
A group of oil and gas companies has agreed to begin testing blockchain, a technology at the heart of digital currencies, in a bid to lower administrative costs in their field operations while also reducing payment disputes and chances for fraud. The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp , ConocoPhillips , Exxon Mobil Corp , Equinor and Royal Dutch Shell , among others, has awarded a contract to Data Gumbo to pilot the technology for water handling [Read more]
PwC Canada and Quorum Software to Accelerate Digital Transformation for Midstream Companies
New software and consulting will increase technology automation and efficiency for midstream companies. PwC Canada, a leader in providing advisory services, and Quorum Software, the leader in digital transformation for the oil and gas industry, today announced the signing of a Joint Business Agreement. Quorum and PwC Canada are collaborating on digital transformation initiatives for the midstream sector of Canada’s oil and gas industry. The new joint business agreement makes it possible for [Read more]
Webinar: Effective management of Asset Retirement Obligations (ARO).
Whether it’s for financial reporting or bank credit redetermination, operators across the WSCB are finding they need to pay closer attention to how they evaluate, make decisions, and report on asset retirement obligations, or ARO. XI Technologies has addressed the stumbling blocks, introduced standardized methodologies, and simplified the ARO process with the industry’s first ARO Manager software. The most recent AssetBook ARO Manager includes a handy Project Overview Report which instantly [Read more]