Headlines for Feb. 19, 2014

  1. Canadian Natural To Acquire Devon Assets For $3.13 Billion

    Canadian Natural Resources Limited has entered into an agreement relating to the acquisition of Devon Canada’s Canadian conventional assets, excluding Horn River and the heavy oil properties, for an aggregate cash consideration of $3.125 billion.

  2. Election Call Could Upset Quebec’s Shale Gas Moratorium

    While hearings on Bill 37, Quebec’s draft shale gas moratorium law, began yesterday in Quebec City, the bill’s future is uncertain, since the government of Quebec Premier Pauline Marois is widely expected to call an election sometime soon.

  3. Nabors Cites LNG’s Potential To Lift Demand In Canada

    Having termed Canada the “most challenged” of the drilling markets in which Nabors Industries Ltd. operates, company executives this morning cited the potential that proposed liquefied natural gas (LNG) developments in British Columbia hold for the future.

  4. Blackbird, Pennant Enter Arrangement Agreement

    Blackbird Energy Inc. and Pennant Energy Inc. have entered into an arrangement agreement whereby Blackbird will acquire all of the outstanding shares of Pennant from the shareholders of Pennant in exchange for shares of Blackbird on the basis of one Pennant share for 0.42857 corresponding shares of Blackbird.

  5. Northern Spirit Boosts Reserves

    Northern Spirit Resources Inc.’s total proved-plus-probable reserves increased by 9.2 per cent in fiscal 2013 to 3.82 million boe from 3.49 million boe a year ago, as prepared by Deloitte LLP.


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