CALGARY, June 19, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced that its wholly owned subsidiary, Keyera Energy Inc., has closed its previously announced acquisition of a logistics and liquids blending terminal located near Tulsa, Oklahoma for a purchase price of US$80 million (subject to adjustments) plus up to US$10 million in additional consideration over five years. About Keyera Keyera Corp. (TSX:KEY) operates an integrated Canadian-based midstream business with [Read more]
Headlines
Better prices and new pipelines expected to drive higher Canadian crude output
CALGARY - A pipeline capacity gap that is impeding the movement of Western Canada's crude to market will close by 2021 and there will be surplus room from about 2022 until 2030, according to the Canadian Energy Research Institute. The Enbridge Line 3 and Trans Mountain expansion pipeline are expected to come onstream in about two years, followed by the Keystone XL pipeline about a year later, the Calgary-based think-tank said Tuesday in a forecast based on financial and market [Read more]
Keyera Corp. Announces $400 Million Public Note Offering
CALGARY, June 19, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has agreed to issue $400 million of senior unsecured medium term notes (the "Offering"). The Offering will be conducted in a single tranche consisting of $400 million senior unsecured medium term notes having a fixed coupon of 3.934% per annum, paid semi-annually, and maturing on June 21, 2028 (the "Notes"). The Offering is expected to close on June 21, 2018 and the net proceeds will be used to repay [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 Jun. 19 COILED TUBING OPERATOR - ROTATIONAL - (RD2) Trican Well Service Ltd. Red Deer Jun. 18 Plant/Field Operator Roska DBO Fort St. John Jun. 18 Lead Asset [Read more]
Canadians sign letter opposing U.S. Arctic drilling in wildlife sanctuary
Thousands of Canadians are asking American regulators not to allow oil drilling in an Alaskan wildlife sanctuary that is home to a crucial transboundary caribou herd. The request comes in a letter delivered Tuesday, the last day for comments to the U.S. Bureau of Land Management on its plans for an environmental assessment for energy exploration in the Alaskan National Wildlife Refuge, calving grounds for the Porcupine caribou herd. "Oil and gas extraction has no place in the Arctic [Read more]
OPEC oil ministers gather to discuss production increase
VIENNA - The oil ministers of the OPEC cartel were gathering Tuesday to discuss this week whether to increase production of crude and help limit a rise in global energy prices. The officials were arriving in Vienna ahead of the official meeting Friday, when they will also confer with Russia, a non-OPEC country that since late 2016 has co-operated with the cartel to limit production. Analysts expect the group to discuss an increase in production of about 1 million barrels a day, ending the [Read more]
Crescent Point Announces Management Changes and Provides an Update on Dispositions
CALGARY, Alberta, June 19, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) announces changes to its executive management team and provides an update on recent dispositions. Mr. Craig Bryksa, interim President and Chief Executive Officer, is pleased to announce that Mr. Ryan Gritzfeldt, formerly the Vice President, Marketing and Innovation, and prior to that, Vice President, Engineering and Business Development East, has assumed the [Read more]
Pond Technologies Holdings Inc. and Grizzly Resources Ltd.: 2018 Pembina Nisku Light Oil Property Offering
Pond Technologies Holdings Inc. and Grizzly Resources Ltd. have retained CB Securities Inc. as their exclusive advisor for the sale of their working interests in the Pembina Nisku oil property. Opportunity Summary Original oil-in-place is 7.4 MMBbls plus a significant gas cap Well-delineated Nisku pool defined by existing wells and 3D seismic High porosity (>10%), high permeability (800 mD), high productivity Produce oil under waterflood until ~95% watercut, then blow down [Read more]
24th Annual GPAC/PJVA Joint Conference Open for Registration
Resilience is defined as the capacity to recover quickly from difficulties and diversification means the action of making or becoming more – effectively a risk management technique. Join GPAC and PJVA on October 30, 2018 as we bring together a diverse group of speakers addressing the resilience required to manage the risk in a diverse and changing economy. From digitization strategies for the oil and gas industry to challenges in mergers and acquisitions and understanding the climate [Read more]
Canada won’t be pushed around? Excuse me? Canada’s been stuffed in a locker by kids half our size
Ah, the Canadian way. Be polite, be good hosts, and everyone will like us. We teach our children those things. Well, probably some of that; we teach them to be polite but that you can’t please everyone, and that you can’t let bullies take your lunch money. Maybe you don’t challenge the bully to a fight, there’s principle and then there’s stupid, but the lesson should be to find solutions, not acceptance. It appears maybe that part of Canada's problem is that it has no idea who the bullies [Read more]