CALGARY, July 4, 2018 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced that it has entered into definitive agreements to sell its Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia (B.C.) and Alberta (the "G&P Business") to Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) and its institutional partners (collectively, "Brookfield") for a cash purchase price of [Read more]
Headlines
PetroShale Announces Senior Credit Facility Increase and Annual Shareholder Meeting Results
CALGARY, July 4, 2018 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH, OTCQX: PSHIF) is pleased to announce that the borrowing capacity under its senior credit facility has been increased to US$82.0 million from US$49.9 million following a review of the Company's December 31, 2017 reserve report by its senior lenders. The credit facility's maturity date was also extended to June 30, 2019, at which time it may be either further extended or, at the option of the lenders, [Read more]
Utica Resources Announces Offer to Acquire Junex Inc.
MONTREAL, July 4, 2018 /CNW/ - Utica Resources Inc. ("Utica") today announced that it has delivered to the Special Committee of the Board of Directors of Junex Inc. ("Junex") an offer (the "Offer") to acquire all of the outstanding common shares of Junex (the "Junex Common Shares"). Pursuant to the Offer, each shareholder of Junex would have the option to receive, for each Junex Common Share held, either (a) $0.42 in cash (the "Cash Option") or (b) $0.40 in cash plus a contingent value right [Read more]
Vertex Resource Group Ltd. Acquires Edmonton Hydro-Vac Company
Acquisition Doubles Vertex’s Fleet of Hydro-Vac Units & Expands Hydro-Vac Service Offering into the Edmonton Region Sherwood Park, Alberta, July 3, 2018 (TSX.V:VTX) - Vertex Resource Group Ltd. (“Vertex”) is pleased to announce that it has acquired the business of a private company providing hydro-vac services to the Edmonton, Alberta region in a transaction valued at $4.3 million. This acquisition will double Vertex’s hydro-vac fleet with the addition of 11 hydro-vac units servicing [Read more]
Trans Mountain outlines construction plans for next six months in Alberta, B.C.
VANCOUVER - Trans Mountain has filed a six-month construction schedule with the National Energy Board for the expansion of its Alberta-to-B.C. pipeline. The company says work has been underway since last fall at the Westridge Marine Terminal in Burnaby, B.C., and will continue along with additional work in the Lower Mainland. It says it will begin this month to develop the Westridge Marine Terminal tunnel portal at Burnaby Mountain and relocate existing infrastructure to expand [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Jul. 2 Asset Integrity Engineer Canadian Natural Resources Calgary Jul. 2 Administrative Assistant Canadian Natural Resources Fort McMurray Jul. [Read more]
Duvernay Land Divestiture: Hitic Energy Ltd. – Sturgeon Lake, Alberta
Sayer Energy Advisors has been engaged to assist Hitic Energy Ltd. (“Hitic” or the “Company”) with the sale, farmout or other form of disposition of its Sturgeon Lake, Alberta Duvernay property (the “Property”). In the Sturgeon Lake area, Hitic has a 100% working interest in 122.5 sections of land where it holds Duvernay rights, with another 12 sections of land where the Company holds shallower rights only. The Company’s land is situated in the thickest and most thermally mature part of [Read more]
Top Strike Resources Corp. Announces Recapitalization Financing, New Management Team and Board of Directors and Concurrent Listing on the Canadian Stock Exchange
CALGARY, July 3, 2018 /CNW/ - Top Strike Resources Corp. ("Top Strike" or the "Corporation") (TSX Venture-NEX: TSR.H) is pleased to announce a private placement of between $5.0 and $25.0 million, provided that the Corporation shall be entitled to increase the size of the private placement to $30.0 million as a result of excess demand (the "Private Placement") and the appointment of a new management team and board of directors (the "New Management Team") (collectively, the [Read more]
Waterous Energy Holds Final Close of Inaugural Fund at C$1.4 Billion Hard Cap
Atlantic-Pacific Capital served as exclusive global placement agent NEW YORK--(BUSINESS WIRE)--Atlantic-Pacific Capital, Inc. (“Atlantic-Pacific”), one of the largest independently owned global placement and advisory firms focused on alternative investments, announced the final closing of Waterous Energy Fund, L.P. (“Fund I” or the “Fund”) at its hard cap of C$1.4 billion (US$1.0 billion) in capital commitments, exceeding its target of C$1.0 billion (US$750 million). The Fund received strong [Read more]
Alberta’s energy regulator ignoring own rules on tailings ponds: critics
EDMONTON - Alvaro Pinto wants Alberta's energy regulator to follow its own oilsands rules. The director of sustainability for the Fort McKay First Nation — a community surrounded by oilsands developments — said he doesn't understand how the agency can say it's going to enforce one thing, then allow industry to do something else. "We are very disappointed," said Pinto, an environmental engineer who has worked in the industry around the world. "The Alberta Energy Regulator is simply ignoring [Read more]