Germany breaks green energy record by generating 35% of power from renewables in first half of 2017 - The Independent, July 2017 Germany breaks a solar record – gets 85% of electricity from renewables - Clean Technica, May 2017 Germany just got almost all its power from renewable energy – Bloomberg, May 2016 I haven’t been to Germany in 20 years, and it sounds like I wouldn’t recognize it. According to a first hand report from a large, bald, German acquaintance who sometimes cycles [Read more]
Headlines
David Frum thinks Canada’s politics are the good kind of boring
When the left leaning Alberta NDP came to power in Alberta several years ago, the complaints heard loudest were often not so much about their forthcoming policy, but rather, the uncertainty it was supposedly going to create. For oil and gas executives in Alberta, and around the world for that matter, uncertainty in policy reform is treated with disdain. This is partly because oil and gas executives find themselves in an industry requiring huge swaths of capital to finance growth, and so anything [Read more]
U.S. drillers add oil rigs for 3rd week in a row -Baker Hughes
U.S. energy companies this week added oil rigs for a third week in a row, the longest string of increases since summer, as higher crude prices prompt drillers to return to the well pad after a break in the autumn. Drillers added two oil rigs in the week to Dec. 8, bringing the total count up to 751, the highest level since September, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future [Read more]
Canada Weekly Rig Count Down 3 to 219
Western Canada’s fleet of drilling rigs went down 3 to the current count of 219 actively drilling rigs according to data collected by Baker Hughes for the week of December 8th. From one week ago, Alberta rig counts decreased from 162 to 160, the Saskatchewan rig count decreased 4 to 28. Oil drilling went up 1 to 112; gas rigs went down 4 to 107. View a full breakdown of western Canada’s rig activity. [Read more]
Kinder Morgan Canada shares surge after ruling on pipeline permits
TORONTO (Reuters) - Shares in Kinder Morgan Canada Ltd rose as much as 9.5 percent to a four-month high early on Friday, after a favorable ruling by the country’s energy regulator on its Trans Mountain pipeline expansion boosted prospects of the contentious project. Late on Thursday, Canada’s National Energy Board said Kinder Morgan Canada could proceed with construction work on the $5.8 billion project without complying with certain bylaws from the city of Burnaby, British Columbia, through [Read more]
Keyera Corp. Announces Closing of $494 million Public Offering of Common Shares including the Over-Allotment Option
CALGARY, Dec. 8, 2017 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today the successful completion of the public offering of 12,200,000 common shares ("Common Shares"), as well as the sale of an additional 1,830,000 Common Shares pursuant to the over-allotment option exercised by the underwriters in connection with the public offering. The Common Shares were priced at $35.20 per Common Share for total gross proceeds of approximately $494 million. The offering was completed to support [Read more]
Kinder Morgan Canada wins appeal over Trans Mountain expansion
Canada's energy regulator ruled on Thursday in favor of Kinder Morgan Canada Ltd in its appeal seeking to sidestep some municipal permits needed for the company's C$7.4 billion ($5.8 billion) Trans Mountain pipeline expansion. The ruling, which came three days after the regulator heard the case, could offset some of the construction delays afflicting the company, which said on Monday the project could be further set back if it could not get clarity about the permits. Kinder Morgan Canada [Read more]
Enbridge Announces the Closing of CDN$1.5 Billion of Common Shares by Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 7, 2017) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) closed its previously announced private placement of 33,456,003 common shares for gross proceeds of approximately CDN$1.5 billion on December 6, 2017. [Read more]
Crude oil rally stalls as fuel prices soften: Kemp
LONDON, Dec 7 (Reuters) - Surging prices for refined products, especially distillate fuel oil, led crude prices higher between June and November, but now fuels are slipping and putting crude under pressure. Gross refining margins for producing distillate fuel oil from U.S. crude rose from $14 per barrel in June to more than $25 per barrel in the middle of November. The U.S. distillate market started the year in substantial oversupply, with inventories well above the long-term [Read more]
Enbridge Income Fund Holdings Inc. Announces the Closing of Common Share Offering, Full Exercise of the Underwriters’ Over-Allotment Option and Concurrent Private Placement for $718 Million
CALGARY, ALBERTA--(Marketwired - Dec. 7, 2017) - Enbridge Income Fund Holdings Inc. (the Company) (TSX:ENF) today announced the closing of its previously announced public offering (the Offering) of common shares (Common Shares) of the Company. The Company, through a syndicate of underwriters led by Scotiabank, RBC Capital Markets and TD Securities Inc., issued 20,683,900 Common Shares, inclusive of 2,697,900 Common Shares issued on full exercise of the underwriters' over-allotment option, at a [Read more]