CALGARY, May 31, 2017 /CNW/ - A statement from Shell Canada President and Country Chair Michael Crothers on the completion of two previously announced agreements that will see Shell sell the majority of its oil sands interests and all of its in-situ interests in Canada: "Shell has built safe, responsible and competitive oil sands mining and in-situ businesses in Alberta over the past decades thanks to the tireless work and dedication of our staff, contractors and joint venture partners; [Read more]
Headlines
Shell completes divestment of oil sands interests in Canada
CALGARY, May 31, 2017 /CNW/ - Royal Dutch Shell plc today announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources ("Shell") that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%. Under the first agreement, Shell has completed the sale to a subsidiary of Canadian Natural Resources Limited ("Canadian [Read more]
Canadian Natural Resources Limited Completes the Acquisition of Working Interests in the Athabasca Oil Sands Project and Other Oil Sands Assets
CALGARY, ALBERTA--(Marketwired - May 31, 2017) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") announces that the agreements to acquire in aggregate 70% of the Athabasca Oil Sands Project ("AOSP"), including 70% of the Scotford upgrader and the Quest Carbon Capture and Storage project, as well as additional working interests in other producing and non-producing oil sands leases, have been completed. Upon closing, the respective ownership interests [Read more]
Response Energy Corporation – Non-Core Property Divestiture
Sayer Energy Advisors has been engaged to assist Response Energy Corporation (“Response” or the “Company”) with the sale of certain of its non-core properties (the “Properties”). The Properties include producing properties in the Blackfoot, Lone Pine Creek, Ewing Lake and Wildmere areas West of the 4th Meridian and in the Garrington, Lanaway, Ferrier, Willesden Green, Pembina, Crystal, Brazeau, Highvale and Kaybob areas West of the 5th Meridian. Non-producing properties in this offering [Read more]
Corinthian Oil Corp. – Strategic Alternatives Process
The Board of Directors of Corinthian Oil Corp. (“Corinthian” or the “Company”) has engaged Sayer Energy Advisors to assist it with managing a strategic alternatives process for the Company. Potential outcomes of the process include, but are not limited to, a sale of the shares of the Company, a sale of the assets of the Company, or a refinancing of the Company. The preferred outcome would be the sale of the Company “en bloc” in exchange for either cash or shares of the purchasing [Read more]
REPORT: Trump To Withdraw From The Paris Climate Accord
President Donald Trump will fulfill his campaign pledge to withdraw from the Paris climate agreement, say two sources with direct knowledge of the decision. Trump is working with Environmental Protection Agency (EPA) Administrator Scott Pruitt and a small group of administration officials to work out how withdrawal will happen, Axios reported. Trump is deciding between waiting three years to withdraw, as dictated by the accord, or pulling out of the United Nations overarching climate treaty. [Read more]
STEP Energy Services To Open Toronto Stock Exchange on June 1
Calgary, AB (May 30, 2017) – STEP Energy Services Ltd. (the “Company” or “STEP”), a coiled tubing, pumping and hydraulic fracturing services company, will initiate the siren to open the day’s trading session of Toronto Stock Exchange on June 1, 2017. The ceremony commemorates the debut of STEP’s listing of common shares on TSX, under the trading symbol “STEP”, which began trading on May 2, 2017. Regan Davis, president and chief executive officer, along with members of the executive [Read more]
Concerned Shareholders of Eagle Energy Inc. Set the Record Straight
Calgary, Alberta--(Newsfile Corp. - May 29, 2017) - Daniel Gundersen and Kingsway Financial Services Inc. (together, the "Concerned Shareholders") announce today that their information circular (the "Circular") and BLUE form of proxy have been mailed to all shareholders of Eagle Energy Inc. ("Eagle" or the "Company"; TSX: EGL) in connection with Eagle's annual general meeting scheduled to be held at 10:00 a.m. (Calgary time) on Tuesday, June 27, 2017 (the "Meeting"). A copy of the Circular is [Read more]
Crown Capital Partners Announces $30 Million Term Loan with Marquee Energy Ltd.
CALGARY, May 31, 2017 /CNW/ - Crown Capital Partners Inc. ("Crown" or "the Corporation") (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $30 million special situations term loan (the "Agreement") with Marquee Energy Ltd. ("Marquee") (TSXV: MQX). Marquee is a Calgary-based company engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves focused in western Canada. Marquee's [Read more]
Marquee Energy Ltd. Announces Strategic Financing Transaction and Expanded 2017 Capital Program
CALGARY, AB--(Marketwired - May 30, 2017) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQX) is pleased to announce key steps that have been taken to increase growth, value and liquidity. The Company has entered into a term loan with Crown Capital Fund IV, LP ("Crown Capital"), an investment fund managed by Crown Capital Partners Inc. and has closed a new credit facility with a major Canadian bank (the "Credit Facility"). This will allow the Company to expand its capital [Read more]