Headlines for Dec. 7, 2017

  1. NEB Grants Relief To Trans Mountain On Constitutional Question

    The National Energy Board (NEB) issued an order today declaring that Trans Mountain Pipeline ULC is not required to comply with two sections of the City of Burnaby's bylaws as the company prepares to begin constructing the Trans Mountain expansion project.

  2. Sponsored Content: Accelerate Oil And Gas Transformation With Advanced Technologies

    The Canadian natural resources industry is undergoing enormous change. Volatile energy prices — the reality of US 55 per barrel — reduced production reliability, uncertain market access, the government’s climate change agenda, tightening environmental policy, safety, and compliance concerns along with increasing social drivers, such as social license to operate, all have resulted in industry upheaval.

  3. Exxon Enters Mexico Gasoline Market

    Exxon Mobil Corporation has entered the Mexican gasoline and diesel market, having imported the equivalent of 113,000 bbls of gasoline and diesel to the central Mexican state of San Luis Potosi — and the company did so using rail.

  4. STEP Energy Closes Over-Allotment Option

    STEP Energy Services Ltd. announced that, in connection with its recently completed secondary offering of 5.31 million common shares at an issue price of $12.25 per share on a bought deal basis, the over-allotment option granted to the underwriters on the offering has been partially exercised for an additional 650,000 common shares at the offering price for aggregate gross proceeds of $7.96 million.

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