Headlines for Oct. 25, 2017

  1. Next Big Step For Oilsands: Solvent-Based Projects Inch Forward

    While solvent injection or co-injection with steam is viewed as “the next substantial step” for the oilsands industry to improve efficiency, reduce GHG emissions and increase recovery, the pace of development has been slow “due to a hesitation to push too aggressively, given the capital outlays and uncertainty on the economics,” particularly in current market conditions, according to analysts with Peters & Co Limited.

  2. Canamax Energy Ltd. Property Divestiture

    Sayer Energy Advisors has been engaged to assist Canamax Energy Ltd. (“Canamax” or the “Company”) with the sale of its non-core oil and natural gas properties located in the Brazeau River and Grande Prairie areas of Alberta.

  3. Syncrude Seeks To Extend Overburden Storage Area

    Syncrude Canada Ltd. is seeking approval to infill the remaining section of a creek valley north of the existing Aurora Fort Hills overburden dump and south of the lease boundary with the Fort Hills Energy Limited Partnership.

  4. CNOOC Canadian Output Rises

    CNOOC Limited’s production in Canada climbed in the third quarter, the company reported today, as it released financial and operating statistics for the period.

  5. Traverse Closes First Tranche Of Private Placement Financing

    Traverse Energy Ltd. has successfully closed the first tranche of its previously announced non-brokered private placement of common shares issued on a flow through basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada).

  6. RMP Outlines $25 Million Winter Capital Program

    RMP Energy Inc. announced a capital expenditures program of approximately $25 million, to be invested at its Elmworth asset base for this upcoming winter drilling season (present through to April 30, 2018).

  7. TransCanada In Deal To Sell Ontario Solar Portfolio

    TransCanada Corporation has entered into an agreement to sell its Ontario solar portfolio comprised of eight facilities with a total generating capacity of 76 megawatts to Axium Infinity Solar LP, a subsidiary of Axium Infrastructure Canada II Limited Partnership, for approximately $540 million.

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