Tourmaline Oil Corp. has entered into an agreement with Shell Canada Energy to acquire strategic assets located in the Alberta Deep Basin and the northeast B.C. Montney Complex for total consideration of $1.369 billion (before customary adjustments) including cash consideration of $1 billion and the remainder in Tourmaline common shares.
Alberta companies are among the best in the world at building the supply chains to work successfully in remote geography with difficult weather conditions, says Going Global: Helping Canadian Companies Navigate International Opportunities.
Analysis in CanOils' latest monthly M&A review suggests that the pressure on Canada’s E&P sector to raise external financing to meet capital commitments would appear to be alleviating somewhat, based upon much lower M&A activity levels in September.
Despite recent talk that Alberta might finally be coming out of the downturn, Alberta Premier Rachel Notley is reserving judgment. After delivering a ‘state-of-the-province’ address in Calgary Wednesday, she answered questions from reporters, one of whom suggested that the worst, economically, might be over.
AltaGas Ltd. is continuing to make progress in advancing its northeast British Columbia strategy with a final investment decision (FID) to proceed with the construction, ownership and operation of the North Pine facility that will process Montney propane for export markets.
Platte Pipe Line Company, LLC (“Platte”), which owns and operates the Platte Pipeline from Casper, Wyoming to Wood River, Illinois, is soliciting interest for transportation service on its system, including firm transportation service on a new extension of its system from Wood River, Illinois to Patoka, Illinois. Subject to a successful Solicitation of Interest process, Platte estimates the commencement of this new service by 3Q 2017.
Express Pipeline Ltd. (“Express”), announced today that it is soliciting interest for binding commitments for transportation service originating at Hardisty, Alberta for delivery to points on the Express Pipeline System, Platte Pipeline and TransCanada’s Marketlink Pipeline.
While low oil prices will mean delays in sanctioning new projects and expansions going into the next decade, production from commercial oilsands projects will approach 3.5 million bbls per day in 2020, says a newly-released Wood Mackenzie report.
Sayer Energy Advisors has been engaged by MNP Ltd. in divesting all of the oil and natural gas properties of COGI Limited Partnership, Canadian Oil & Gas International Inc., Conserve Oil Group Inc. & Conserve Oil 1st Corporation (collectively “COGI” or the “Company”).
The Canadian Gas Association (CGA) announced the intention to create the Natural Gas Innovation Fund (NGIF) to support research, demonstration and deployment of innovation in the natural gas value chain.
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