CALGARY, ALBERTA--(Marketwired - March 1, 2016) - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE:TWM) is pleased to announce today that, due to strong demand, the Corporation has increased the size of its previously announced public offering to 50,000,000 common shares (the "Common Shares"), at a price of $1.40 per common share (the "Offering Price"), for aggregate gross proceeds to Tidewater of $70 million (the "Offering"). The Offering will be [Read more]
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Tuscany Reports 2015 Year-End Reserves; Heavy Oil Proved Plus Probable Volumes Unchanged, Values Reduced Due to Lower Commodity Price
CALGARY, ALBERTA--(Marketwired - March 1, 2016) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce the results of the independent evaluation of the Company's oil and natural gas reserves, effective December 31, 2015, which was prepared by McDaniel and Associates Consultants Ltd. (the "McDaniel Report"). Tuscany reports that its total proved plus probable reserve volumes decreased only marginally for the year ended December 31, 2015, compared with 2014. This is despite the fact [Read more]
Enbridge Announces the Closing of CDN$2.3 Billion Common Equity Offering Inclusive of the Exercise of Underwriters’ Over-Allotment Option
CALGARY, ALBERTA--(Marketwired - March 1, 2016) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced it has closed its previously announced public offering (the Offering) of common shares by a syndicate of underwriters led by RBC Capital Markets, Credit Suisse, BMO Capital Markets, CIBC World Markets, Scotiabank, and TD Securities. Enbridge issued 56,511,000 common shares inclusive of the shares issued on exercise of the full amount of the underwriters' over-allotment option to purchase an [Read more]
Husky Energy Begins Steam Operations at Edam East
CALGARY, AB --(Marketwired - March 01, 2016) - Husky Energy (TSX: HSE) has commenced steam operations at the Edam East heavy oil thermalproject in Saskatchewan, the first of three new thermal projects coming online this year. The 10,000 barrels per day (bbls/day) Edam East development is expected to produce first oil early in the second quarter. "Edam East is the latest in our growing suite of heavy oil thermal projects, which are leading our transition into a low sustaining capital [Read more]
Questerre reports preliminary year-end results
CALGARY, Feb. 29, 2016 /CNW/ - " [Read more]
Delphi Energy Releases Year End 2015 Reserves
CALGARY, ALBERTA--(Marketwired - Feb. 29, 2016) - Delphi Energy Corp. ("Delphi" or the "Company") (TSX:DEE) is pleased to report its crude oil and natural gas reserves information for the year ended December 31, 2015. While remaining focused on its large-scale Montney project at Bigstone, the Company successfully streamlined its business in 2015 through two major asset dispositions. The dispositions represented approximately 26 percent of the Company's total proved plus probable reserves at [Read more]
AltaGas Ltd. Announces the Closing of the Sale of Non-Core Gas Assets
CALGARY, ALBERTA--(Marketwired - Feb. 29, 2016) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that through its wholly owned subsidiaries, AltaGas Processing Partnership ("AltaGas PP") and AltaGas Holdings Inc., it has successfully completed the sale of the AltaGas Northcentral Processing Limited Partnership (the "Tidewater Disposition"), a limited partnership containing certain non-core natural gas gathering and processing assets located primarily in central and north-central Alberta, to [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Closing of Previously Announced Strategic Acquisition and Increase to Corporate Credit Facility
CALGARY, ALBERTA--(Marketwired - February 29, 2016) - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE: TWM) is pleased to announce that it has closed its previously announced strategic acquisition with AltaGas Ltd. ("AltaGas" or the "Vendor") (TSX: ALA) to acquire 100% of AltaGas' working interest in select Deep Basin and central Alberta gas processing facilities and related infrastructure (the "Assets"). As part of the closing of the acquisition [Read more]
Long Run Exploration Ltd. Announces Securityholder Approval for Arrangement
CALGARY, ALBERTA--(Marketwired - Feb. 29, 2016) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that it has received securityholder approval for the plan of arrangement (the "Arrangement") pursuant to which Calgary Sinoenergy Investment Corp. (the "Purchaser") will acquire all of the outstanding common shares of Long Run and all of the outstanding 6.40% convertible unsecured subordinated debentures due January 31, 2019. The Arrangement was approved by a [Read more]
Bitumen railway from Alberta to Alaska is a feasible solution says Van Horne Institute
Is it feasible to carry bitumen from Fort McMurray, in Northern Alberta to tidewater in Alaska and from there to world markets via a combination of rail and pipeline? A study released today by the Van Horne Institute, based at the University of Calgary, suggests that it is. This study is published by the Van Horne Institute with a Project Team including Shirocca Consulting, AECOM, Generating for Seven Generations (G7G), the University of Alaska (Fairbanks), and Michigan Tech Research [Read more]