The level of merger and acquisition (“M&A”) activity in the Canadian oil industry in 2016, measured by the total enterprise value of transactions (both large and small deals), increased 53% from the $16.0 billion recorded in 2015, rising to $24.5 billion.
Westcoast Energy Inc., doing business as Spectra Energy Transmission, has filed a revised preliminary caribou habitat restoration plan (CHRP) for its High Pine expansion project in northeast British Columbia.
Canada has a good news — bad news story to tell the world about its rich hydrocarbon resources, but through innovation including the use of technologies such as photonics, nanotechnology, genomics, artificial intelligence and robotics, the good news will overwhelm the bad in the future.
Sayer Energy Advisors has been engaged to assist Rife Resources Ltd. (“Rife” or the “Company”) with the sale of its oil and natural gas properties located in the Wilson Creek and Buck Lake areas of Alberta.
TransCanada PipeLines Limited says it plans to file an application with the National Energy Board (NEB) April 26, 2017 seeking approval for new long term fixed price (LTFP) service on the TransCanada Mainline to Dawn, Ontario from Empress Alberta.
While a final investment decision is still two years away, proponents behind a proposed Vancouver Island liquefied natural gas (LNG) export facility are already looking at pipeline options for bringing gas from the mainland.
North American Energy Partners Inc. announced that the Toronto Stock Exchange (TSX) has approved the increase to the number of common shares the company is authorized to purchase under its normal course issuer bid, commencing April 1, 2017, by 819,395 common shares.
Renaissance Oil Corp. has closed its previously announced brokered private placement pursuant to an agency agreement dated March 29, 2017 between the company and Haywood Securities Inc., Beacon Securities Limited and Canaccord Genuity Corp. for 44.87 million units (including 4.87 million units issued upon exercise of the agents' option to sell up to an additional 20 million units at the same price per unit as the offering), at a price of 25 cents per unit, for aggregate gross proceeds of approximately C$11.2 million.
DIVERGENT Energy Services Corp. has completed its annual review of incentive plan awards, and subject to regulatory approval, its board of directors has approved, effective March 28, 2017, the grant of an aggregate of 1.53 million stock options to directors, officers, employees and a consultant of the corporation.
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