CALGARY, March 22, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $700 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $400 million in senior unsecured medium-term notes, series 10 (the "Series 10 Notes") having a fixed coupon of 4.02% per annum, paid semi-annually, and maturing on March 27, 2028, and $300 million in senior [Read more]
Headlines
B.C. announces rebates, conditions for liquefied natural gas projects
VICTORIA - British Columbia is offering new conditions and rebates for liquefied natural gas projects in the province. Under the new fiscal agreement, LNG projects will see relief from provincial sales taxes, subject to repayment in the form of an equivalent operational payment. They will be subject to new greenhouse gas emission standards and general industrial electricity rates consistent with other industrial users in B.C. Premier John Horgan says the province will review LNG project [Read more]
Norwegian technology employs ‘artificial magma’ to stifle Alberta gas well leaks
CALGARY - New technologies employing brute force as well as artificial volcanic action are being developed to better seal thousands of inactive oil and gas wells in Canada that are leaking methane, a greenhouse gas with an outsized impact on global warming. The technology is advancing as federal and provincial governments embrace new goals to cut fugitive methane gas emissions that the industry concedes are difficult to measure, much less control. A Norwegian company is working in B.C. and [Read more]
Wolf Midstream Completes Acquisition of Remaining 50% Interest in Access Pipeline
CALGARY, March 22, 2018 /CNW/ - Wolf Midstream Inc. (Wolf) announced today that it has closed the acquisition of the previously announced agreement to acquire MEG Energy Corp.'s (MEG) 50% ownership interest in Access Pipeline (Access) and 100% ownership in the Stonefell Terminal for $1.52 billion plus capital commitments of approximately $90 million. With this acquisition, Wolf is the 100% owner and operator of Access. Wolf completed the acquisition of its initial 50% interest in Access in [Read more]
MEG Energy Completes Sale of Access Pipeline and Stonefell Terminal
CALGARY, March 22, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) ("MEG" or the "Company") is pleased to announce that it has successfully closed its previously announced sale of the Company's 50% interest in Access Pipeline and 100% interest in Stonefell Terminal for cash and other consideration of $1.61 billion. MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced [Read more]
Relentless Resources Announces Closing of Private Placement and Addition of a New Board Member
TSX-Venture Exchange: RRL - CALGARY, March 22, 2018 /CNW/ - Relentless Resources Ltd. ("Relentless" or the "Company") is pleased to announce: (i) that it has closed the previously announced non-brokered private placement of 122,222,222 units of the Company ("Units"), for aggregate gross proceeds of $8,250,000 (the "Private Placement"); and (ii) the appointment of Mr. Stanley J. Swiatek to the board of directors in connection with the completion of the Private Placement. Private Placement [Read more]
Alberta set to unveil 2018 budget, including five-year deficit reduction plan
EDMONTON - Alberta is to table its 2018 budget today, and Premier Rachel Notley's government says it will reflect a commitment to continued spending and getting the books balanced. The province has been running multibillion-dollar budget shortfalls in recent years as it grapples with reduced oil prices. Finance Minister Joe Ceci says his budget will include a step-by-step plan to get back to balance by 2023. Opposition leaders say they are skeptical. They say the province needs to [Read more]
Tidewater Announces Definitive Agreement with TransAlta, Quarterly Dividend, Provides Operations Update
Additional Processing Fee Agreements at Pipestone Montney Sour Deep-Cut Processing Facility and Five Year 17 Bcf Commitment at Ram River Gas Plant CALGARY, March 22, 2018 /CNW/ - Definitive Agreement with TransAlta Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX:TWM) is pleased to announce that it has entered into a definitive agreement with TransAlta Corporation ("TransAlta") for the procurement of long lead items such as the steel and associated [Read more]
LNG Canada on track for final approval this year
The LNG Canada liquefied natural gas project is on track for a final investment decision (FID) later this year, an official for the province of British Columbia said on Thursday. The British Columbia-based project led by Anglo-Dutch Royal Dutch Shell in partnership with PetroChina ,South Korea's KOGAS and Japan's Mitsubishi Corp has an estimated development cost of C$40 billion. A FID was expected in late 2016, but was delayed due to falling oil and gas prices between 2014 and 2016, which [Read more]
Private oil and gas company looking for seeking prospects for 2018 drilling program
A private company with existing operation in Alberta is seeking for drilling-ready prospects for its 2018 drilling program. Medium-light oil, relatively shallow, high working interest and large inventory of locations are preferred. Transaction could be done in cash or GOR. Interested party please send email to 2018drilling@gmail.com and the company information will be provided in person. [Read more]