The National Energy Board is recommending to the federal cabinet that it approve NOVA Gas Transmission Ltd.’s proposed 2017 system expansion project that would provide additional capacity to meet the growing demand for natural gas in the oilsands area of northern Alberta.
Canada’s federal government and other officials are getting the message that the oil and gas industry is vital to the country’s economy, that getting its product to new markets via pipelines is critical and that hydraulic fracturing is safe, says an industry leader.
Sayer Energy Advisors has been engaged to assist Grant Thornton Limited, the receiver and manager (the “Receiver”) of Edge Resources Inc. (“Edge” or the “Company”) to market Edge’s oil & natural gas interests in the Eyehill area of Saskatchewan (the “Property”).
Trican Well Service Ltd. says it has entered into a definitive agreement with certain subsidiaries of National Oilwell Varco, Inc. for the sale of Trican's Completion Tools business with operations in Russia, Norway, the United States and Canada.
Trican Well Service Ltd. says it has amended the terms of its previously announced public offering to increase the size of the offering to 37.5 million common shares of Trican at a price of $1.60 per common share for aggregate gross proceeds of $60 million.
Twin Butte Energy Ltd. says that its bank syndicate has agreed to extend the maturity date of its credit facilities 2016 by one day to enable the company to continue with its strategic alternatives process.
LGX Oil + Gas Inc. says that its lender will file an application with the Court of Queen's Bench of Alberta to place the company into receivership and appoint Ernst & Young Inc. as Receiver to manage the company's affairs.
The latest salvo in an on-again, off-again tiff between Strad Energy Services Ltd. and Total Energy Services Inc. has taken the form of a lawsuit filed by a minority Strad shareholder over Total’s failed offer for Strad last year.
The Secretary of the Organization of the American States (OAS), Luis Almagro, has called an emergency meeting at which members are to determine whether Venezuelan government actions have undermined democracy in that country.
JWN is a division of an information communications company.
Reuters content is the intellectual property of Reuters Limited. Any copying, republication or redistribution of Reuters content, including by caching, framing or similar means is expressly prohibited without the prior consent of Reuters. Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. Reuters, the Reuters Logo, and the Sphere Logo are registered trademarks of the Reuters group of companies around the world. For additional information on other Reuters Services please visit the Reuters public web site - http://www.reuters.com.