Calgary, Alberta (FSCwire) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has closed the previously announced acquisition of a private oil and gas company (the “Acquisition”). The purchase price of the Acquisition was $1,557,600.00 and was paid with the issuance of 5,192,000 common shares of the Corporation. Highlights Point Loma has acquired a private oil and gas company with assets focused in East Central Alberta at [Read more]
Headlines
TransGlobe Energy Corporation Announces Admission to Trading on AIM
AIM & TSX: “TGL” - NASDAQ: “TGA” CALGARY, Alberta, June 29, 2018 (GLOBE NEWSWIRE) -- Further to its announcement on 1 June 2018, TransGlobe Energy Corporation (“TransGlobe” or “the Company”), an independent international upstream oil and gas company with exploration and production operations in Egypt and Canada, is pleased to announce today that its common shares have been admitted to the AIM market of the London Stock Exchange and have begun trading under the ticker “TGL”. Upon Admission, [Read more]
Enbridge’s Line 3 Replacement Project Approved by Minnesota Public Utilities Commission
CALGARY, June 28, 2018 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB), Enbridge Energy Partners, L.P. (NYSE:EEP) and Enbridge Income Fund Holdings Inc. (TSX: ENF) (collectively referred to as Enbridge) announced today that the Line 3 Replacement Project has been approved by the Minnesota Public Utilities Commission (PUC). The PUC granted Enbridge a Certificate of Need for the project and approved Enbridge's preferred route with minor modifications and certain conditions. Commenting on [Read more]
Waterous Energy Fund Closes First Fund at Hard Cap of $1.4 Billion
CALGARY, June 28, 2018 /PRNewswire/ - Waterous Energy Fund ("WEF") today announced the final closing of its first fund, Waterous Energy Fund, L.P. (the "Fund"), exceeding its original target of $1.0 billion and hitting the Fund's hard cap of approximately $1.4 billion. Adam Waterous, CEO, said: "We sincerely appreciate the confidence that our investors have shown in our team and our existing portfolio. We are thrilled to be partners with a select group of institutional investors with [Read more]
US gas pipeline industry wants help beating back green groups
The United States should help the natural gas industry push back against opposition by environmental groups to pipeline projects by adopting new regulations or laws that favor infrastructure, backers of the industry said at a conference this week. Suppliers in the United States, the world's biggest natural gas producer, have had a difficult time in recent years getting shipments to some regions, including fuel-hungry New England, as environmental lawsuits by states, green groups and property [Read more]
TransCanada Replenishes Capacity Available Under At-The-Market Equity Program
CALGARY, Alberta, June 28, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or Company) today announced that it has replenished the capacity available under its existing $1.0 billion, or its U.S. dollar equivalent at-the-market equity program (ATM Program). This will allow the Company to issue additional common shares from treasury (Common Shares) having an aggregate gross sales price of up to $1.0 billion, for a revised total of $2.0 billion, or [Read more]
Canada’s goal is to become world’s cleanest producer of LNG: Carr
OTTAWA - Natural Resources Minister Jim Carr says Canada's pathway to a clean energy future includes not only transitioning to renewable sources of energy but also technology that makes traditional fossil fuels cleaner to produce and burn. That path was laid out Thursday in a new report which points not only to developing more wind and solar power, but also to the environmental and economic benefits of Canada producing, shipping and burning oil and natural gas that is cleaner and more cost [Read more]
Alberta economy has recovered two-thirds of recession losses: government
EDMONTON - Alberta's finance minister says the province's economic picture is brightening with a lower-than-expected deficit last year thanks in part to higher resource revenues. The government's 2017-18 annual report shows Alberta ended the fiscal year with an $8-billion deficit. That's $2.5 billion lower than what was expected in last year's budget. The NDP government says it's on track to return to balanced books by 2023-24. "While we're happy to see our economy on the right track [Read more]
LNG Canada says local support has cut risk of delays, overruns
A strong stakeholder engagement program at a liquefied natural gas export plant on Canada's West Coast has helped pare the risk of delays and cost overruns for the C$40 billion project, a project executive told Reuters. LNG Canada, currently being reviewed by its joint venture partners ahead of a final investment decision, has focused hard on ensuring government, indigenous people and local communities are on board with the project, Susannah Pierce, LNG Canada's director of external [Read more]
Minnesota regulator signals support of Enbridge Line 3 oil pipeline
Three of five members of the Minnesota Public Utilities Commission said on Thursday they support issuing a certificate of need for Enbridge Inc to rebuild its Line 3 oil pipeline, angering environmentalists but offering hope to Western Canadian oil producers. The two other commissioners did not explicitly say they would vote in favor of the certificate but approval appeared to be imminent. It was not yet clear what conditions would be placed on the approval or whether the commission would [Read more]