CALGARY, Alberta, Aug. 31, 2018 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that it has entered into an agreement to acquire a 100% working interest in the Joslyn oil sands project for a total consideration of $100 million cash on closing and annual cash payments of $25 million over each of the next five years. The Joslyn lease, which is located directly south of the Company’s current Horizon Oil Sands Mining and Upgrading project [Read more]
Headlines
Trans Mountain pipeline ruling shakes central pillar of Trudeau agenda
OTTAWA - On Wednesday, Prime Minister Justin Trudeau painstakingly explained to students in Kapuskasing, Ont., how the Trans Mountain pipeline expansion project is a central pillar of his government's agenda. Less than 24 hours later, the Federal Court of Appeal quashed the government's approval of the project, imperilling the pillar holding up Trudeau's signature promise to tackle climate change by balancing economic growth and environmental protection. Moreover, it underscored a gap [Read more]
Reaction to the Federal Court of Appeal decision on the Trans Mountain pipeline
VANCOUVER - The Federal Court of Appeal has overturned Ottawa's approval of the Trans Mountain pipeline expansion. Here's what some are saying about the court decision: "As we move ahead with the project and the purchase, our government remains committed to ensuring the project proceeds in a manner that protects the public interest. That means ensuring the highest level over governance — including environmental protection. It means upholding or commitments with Indigenous peoples and it means [Read more]
Hey, nice coup! Protesters: what is your plan for the country?
Maybe it’s just poetic justice that for decades we’ve struggled with how to reconcile Canada’s history with indigenous peoples. Some think we’ve done not enough, some think too much, and most agree it doesn’t work very well. Maybe it’s a reflection of reality that Canada caters to the protest movement, we’re too nice to deal with them in any meaningful way, and we let them dictate national agendas. Maybe the two, along with Canada’s inability to deal with either, are a marriage made in [Read more]
Timeline: Key dates in the history of the Trans Mountain pipeline
Here are some key dates in the history of the Trans Mountain pipeline and Kinder Morgan Canada's efforts to expand its capacity: October 1953: The Trans Mountain pipeline begins shipping oil with an initial capacity of 150,000 barrels per day. The project features four pump stations along its 1,150-kilometre route and a marine dock that connects loading facilities on the east side of Edmonton with ocean tankers in Burnaby, B.C. 1957: Pipeline capacity is expanded via the construction of a [Read more]
Trans Mountain pipeline approval quashed by court
VANCOUVER – The Federal Court of Appeal has overturned the Trudeau government’s approval of the contentious Trans Mountain pipeline expansion. In a unanimous decision by a panel of three judges, the court says the National Energy Board’s review of the project was so flawed that the federal government could not rely on it as a basis for its decision to approve the expansion. The court also concludes that the federal government failed in its duty to engage in meaningful consultations with [Read more]
KML shareholders vote 99% in favour of Trans Mountain pipeline sale to Ottawa
CALGARY - Shareholders in Kinder Morgan Canada Ltd. have voted more than 99 per cent in favour of the sale of its Trans Mountain pipeline and expansion project to the federal government for $4.5 billion. The brief meeting in Calgary was chaired by the CEO of both Kinder Morgan Canada Inc. and its U.S. parent, Steven Kean. The outcome was not in question as Kinder Morgan Inc. retained about 70 per cent of the shares after spinning off its Canadian assets in a $1.75-billion initial [Read more]
NuVista Energy Ltd. Announces Closing of Equity Financings
CALGARY, Alberta, Aug. 30, 2018 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce that it has closed the previously announced initiatives taken to partially finance the acquisition of the Cenovus Pipestone Partnership which holds the assets in the Pipestone area of Northwest Alberta (the "Pipestone Acquisition”). The Pipestone Acquisition is expected to close on or before September 6, 2018. On August 30, 2018, NuVista completed the following [Read more]
Tanager Energy Announces Second Quarter 2018 Results
CALGARY, Alberta , Aug. 29, 2018 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announces its financial and operating results for the three and six months ended June 30, 2018. This press release contains forward looking statements. Please refer to our cautionary language on forward-looking statements and other matters set forth at the end of this press release and the end of the Management’s Discussion and Analysis (the “MD&A”) for the [Read more]
Canadian Spirit Resources Inc. Announces Second Quarter 2018 Financial Results
CALGARY, Alberta, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis (“MD&A”) for the three and six month periods ended June 30, 2018. This news release summarizes information contained in the unaudited interim condensed financials statements and MD&A for the three and six month periods ended June 30, 2018 and should not be [Read more]