CALGARY, Alberta, April 16, 2018 (GLOBE NEWSWIRE) -- Clearview Resources Ltd. (“Clearview”) is pleased to announce that it has completed the acquisition of Bashaw Oil Corp. (“Bashaw”) by way of an amalgamation of Bashaw with a newly incorporated subsidiary of Clearview (proposed acquisition was previously announced March 28, 2018). Pursuant to the amalgamation, Clearview issued 1,560,046 voting common shares to the shareholders of Bashaw in exchange for the cancellation of their common shares of [Read more]
Headlines
As the Alberta government moves forward to mitigate the financial risks of the Kinder Morgan expansion, it is also moving on the second phase of the Petrochemicals Diversification Program
$500 million in loan guarantees and grants have been offered to create a Petrochemical Feedstock Infrastructure Program, a program that is creating a fertile environment for Midstream development in Alberta. Where will it take us? In this atmosphere of opportunity, midstream business is taking on new dimensions and how are these new business arrangements adequately captured in legal documents and commercial agreements? Join us for a presentation on “Recent Developments in Western [Read more]
2018 Global Petroleum Show: Discover the disruptive potential of Blockchain for oil and gas
Energy shippers nervous about Alberta plan to control oil and gas exports
CALGARY - Oil shippers are reacting with trepidation to legislation the Alberta New Democrats introduced Monday that would give the government power to restrict energy exports from the province. Canadian Energy Pipeline Association president Chris Bloomer said he understands the Alberta government needs to act on the impasse with British Columbia over Kinder Morgan's Trans Mountain pipeline project, but is worried about the potential consequences of the bill. "We are concerned that the [Read more]
‘A clear message:’ Alberta proposes legislation to limit oil shipments
EDMONTON - The Alberta government has introduced legislation that would give the energy minister power to restrict the flow of oil, gasoline and natural gas leaving the province. Once passed, Marg McCuaig-Boyd would be able to direct truckers, pipeline companies and rail operators on how much product could be shipped and when. Violators would face fines of up to $1 million a day for individuals and $10 million a day for corporations. "The bill sends a clear message: we will use every tool [Read more]
First Nations and cities double down on pipeline opposition
VANCOUVER - Several First Nations and the cities of Vancouver and Burnaby have joined together to redouble their opposition to the expansion of the Trans Mountain pipeline. Burnaby Mayor Derek Corrigan says the expansion project "short circuits" the legal process and civil disobedience against the pipeline it will only continue to grow. Corrigan says he's embarrassed that Canada's prime minister and a premier of our country are kowtowing to an American multinational oil company that isn't [Read more]
U.S. shale output to rise by 125,000 bpd in May
NEW YORK (Reuters) - U.S. shale oil production is expected to increase in May for the fourth consecutive month, U.S. Energy Information Administration data showed on Monday, boosted by record production in the prolific Permian Basin of West Texas and New Mexico. Total oil output is set to rise by 125,000 barrels per day (bpd) to 7 million bpd, the EIA said in its monthly drilling productivity report here#tabs-summary-2. Production in the Permian Basin is expected to jump by 73,000 bpd to [Read more]
B.C. prosecutors considering criminal charges for Trans Mountain protesters
VANCOUVER - British Columbia's Prosecution Service is considering criminal charges against dozens of people arrested for protesting Kinder Morgan's Trans Mountain pipeline expansion. But it will be up to a pair of newly appointed special prosecutors to determine whether charges will be laid against Green party Leader Elizabeth May and New Democrat MP Kennedy Stewart. May, Stewart and several others were arrested on March 23 and charged with civil contempt of court over allegations that [Read more]
Tories say pipeline impasse warrants House dropping everything to debate it
OTTAWA - The opposition Conservatives today will again ask for an emergency debate in the Commons on the Trans Mountain pipeline situation. It is second time in two months the Conservatives have tried to get House Speaker Geoff Regan to agree the pipeline expansion situation merits a special debate to discuss the economic hit Canada will take and the plunging confidence investors have in this country as it struggles to get the big project off the ground. In February, Regan's office denied [Read more]
Spartan Energy Corp. Announces Strategic Business Combination With Vermilion Energy Inc.
CALGARY, Alberta, April 16, 2018 (GLOBE NEWSWIRE) -- Spartan Energy Corp. (“Spartan” or the “Company”) (TSX:SPE) is pleased to announce that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Vermilion Energy Inc. (“Vermilion”) (TSX:VET) (NYSE:VET) providing for the acquisition by Vermilion of all the issued and outstanding common shares (the “Spartan Shares”) of Spartan (the “Arrangement”). Under the terms of the Arrangement Agreement, each Spartan Share shall be [Read more]