Tag: agreement
Suncor Energy, Fort McKay First Nation partner on tank farm
Facility will consist of bitumen storage, blending and cooling facilities, connections to third party pipelines CALGARY, ALBERTA – Suncor and Fort McKay First Nation have announced the signing of a participation agreement for the purchase and sale of a 34.3 per cent equity interest in Suncor’s East Tank Farm Development to Fort McKay First Nation. Fort McKay First […]
Trans Mountain, City of Coquitlam sign $1 million parks agreement
Trans Mountain signed Community Benefit Agreements totaling $7.35 million with communities along 91% of pipeline corridor The community of Coquitlam and Trans Mountain have entered into a memorandum of understanding for a community benefit agreement that will see a $1,000,000 dollar contribution toward funding improvements to Mackin Park. Trans Mountain has been pursuing community benefit agreements […]
ETE officially terminates Williams merger, Williams prepared to fight
On June 20th, a Williams Cos Inc board member testified she felt pressured by her own company to support the $20 billion merger DALLAS-Energy Transfer Equity, L.P. announced termination of its merger agreement with The Williams Companies, Inc. effective June 29. This news comes as Williams announced that shareholders on June 27th voted in favour of the merger. “During […]
Williams Stockholders approve merger with ETE, launches appeal to merger ruling
If ETE terminates the merger, Williams says it will take appropriate actions to enforce its rights under the agreement and deliver benefits to their stockholders TULSA, Okla.- The Williams Companies stockholders voted to approve the previously announced merger agreement with Energy Transfer Equity, L.P. This comes on the heels of a Delaware Court ruling that would allow […]
Range Resources announces merger with Memorial Resource Development
Following the transaction, shareholders of MRD are expected to own approximately 31% of the outstanding shares of Range FORT WORTH, Texas – Range Resources Corporation and Memorial Resource Development Corp.(MRD) have announced a merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion. This […]
US, Israeli energy ministers sign new energy agreement
Agreement covers oil and gas, alternate fuels, smart power grids, water desalination, cyber protection of infrastructure Jerusalem – The US Department of Energy and the Israeli Ministry of National Infrastructure have signed an agreement Monday that will further enhance cooperation between the two countries. “Today, our nations further solidified our ongoing cooperation,” said U.S. Energy […]
Chevron and ENN sign Gorgon LNG agreement to supply China
ENN LNG Trading is subsidiaries of one of the largest natural gas distribution companies in China SAN RAMON, Calif. – Chevron Corporation has announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas to China from the Chevron-operated Gorgon […]
Suncor Energy and Canadian Oil Sands reach agreement to support acquisition
Exchanging Suncor common shares for COS common shares will be taxable transaction for US federal income tax CALGARY, Alta – After a very public hostile takeover, Suncor Energy Inc. announced Monday that it has reached an agreement to buy all of the shares of Canadian Oil Sands Limited. Under the terms of the support agreement Suncor has […]
Tall City Exploration closes sale agreement worth $803 Million
Tall City Exploration sold 15,000 acres, 1,400 boepd in Reagan and Crockett Counties, Texas to American Energy in Nov. 2014 MIDLAND, Texas – Tall City Exploration LLC announced today that it has closed an agreement with Moss Creek Resources, LLC to sell substantially all of its exploration and production assets for $803 million. Tall City’s […]
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