June was a cruel month for Canadian oil and natural gas producers as prices for both commodities were down for the month amid continued volatility in the market, although natural gas prices were up from last year.
Net Energy WCS fetched an average of US$34.85 per bbl in June, down 11 per cent from the May average of $39.24. Meanwhile, the Net Energy light-heavy differential widened to $7.44 a bbl from $6.57 in May.
The Alberta Energy Regulator (AER) has issued an order to Journey Energy Inc. in response to two releases of an unknown amount of crude oil emulsion near Winfield, Alberta that was originally reported to the AER on June 28, 2017.
Mr. Vetters joins Annapolis with over 20 years of investment banking experience in the Canadian energy market, most recently serving as Managing Director, Energy Investment Banking at BMO Capital Markets where he advised numerous clients, primarily upstream oil and gas companies, on public and private equity and debt financings, as well as mergers, acquisitions and divestitures.
The Earth Science for Society (ESfS) committee has been awarded an NSERC/CRSNG PromoScience grant of $35,000 to allow for the development, enhancement and delivery of its annual geoscience outreach and education exhibition.
Canbriam Energy Inc. has completed a US$74 million (approximately C$100 million) investment from its existing private equity sponsors which include Warburg Pincus, ARC Financial, Ontario Teachers' Pension Plan, BlackRock and State Street (formerly GE Capital).
Pembina Pipeline Corporation has placed approximately $2.8 billion of integrated capital projects into service, including its Phase III pipeline expansion and two connected major delivery points: the company's third fractionator at Redwater (RFS III) and its Canadian Diluent Hub (CDH).
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