Headlines for Feb. 2, 2017

  1. Oilsands Maintenance Spending The ‘Silver Lining’

    An estimated $13.5 billion will be spent on oilsands projects this year, the vast majority of it on maintenance, compared to an estimated $16 billion in 2016 — both figures are a far cry from the almost $34 billion spent in 2014 when oilsands spending peaked, says a researcher.

  2. Aveda In Concurrent Private Placement

    Aveda Transportation and Energy Services Inc. announced that it, in conjunction with its previously announced public offering of common shares of the company, intends to complete a concurrent non-brokered private placement of common shares at a price of 60 cents per common share for gross proceeds to the company of up to $400,000.

  3. Official Launch Events Of The Going Global Report - Phase 2

    This comprehensive study targets oilfield services and oil and gas technology firms that aspire to become successful global exporters. The Going Global reports provide the inside intelligence and practical advice and tools needed to excel in this space. 

  4. Nabors And Weatherford Create Drilling Alliance

    Nabors Industries Ltd. and Weatherford International plc have agreed to form an alliance focused on delivering enhanced drilling solutions to the oil and gas land market in the Lower 48 states.

  5. Suncor Closes Sale Of Petro-Canada Lubricants Business

    Suncor Energy Inc. closed the previously announced sale of its Petro-Canada Lubricants Inc. (PCLI) business to a subsidiary of HollyFrontier Corporation for gross proceeds of $1.125 billion, subject to customary closing adjustments.

  6. PHX Closes Bought Deal Financing

    PHX Energy Services Corp. closed its bought deal public offering of 7,187,500 common shares of the at a price of $4 per share, which includes 937,500 common shares issued pursuant to the exercise in full of the over-allotment option, for gross proceeds of approximately $28.8 million.


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