Mullen Group Ltd. has set its 2018 capital budget at $40 million for 2018, an increase from estimated 2017 spending of about $25 million which is half the amount outlined in the company’s 2017 guidance released last April.
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.
While Canada’s $72 billion Information Communications Technology (ICT) sector is poised to be a leader in the global technology revolution, the sector is hampered by a skills crunch, driven by the rapid speed of technological change.
Calgary-based ATCO Ltd., already a participant in Mexico’s deregulated power sector, has signed a memorandum of understanding (MOU) with a Monterrey, Mexico-based company that will see both companies work together to develop midstream opportunities in the country.
The board of directors of Altura Energy Inc. has approved a capital development budget of $15 million for 2018, funded with cash flow from operating activities and Altura's $10 million credit facility.
The National Energy Board (NEB) is recommending that NOVA Gas Transmission Ltd. (NGTL) be granted a certificate of public convenience and necessity to continue operating the 179-kilometre long Albersun Pipeline in northeastern Alberta.
Whitecap Resources Inc.has closed its Weyburn acquisition from Cenovus Energy Inc., which includes current production of approximately 14,800 boe/d for cash consideration of $940 million before closing adjustments.
DIVERGENT Energy Services Corp. has elected to satisfy the interest obligation in the amount of $144,931.51 due on Dec.31, 2017 by the delivery of 1.81 million common shares of the company at a deemed price of eight cents per common share to the holders of debentures.
CWC Energy Services Corp.’s board of directors has approved the granting of 8.31 million stock options and 2.61 million restricted share units of the company on Dec. 14, 2017 to certain directors, officers and employees of the company.
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