Debenture holders rejected Twin Butte Energy takeover bid earlier in week CALGARY, Alberta, Sept 2 (Reuters) – Twin Butte Energy, which became the latest Canadian oil and gas producer to file for bankruptcy this week, said on Friday an Alberta court had appointed FTI Consulting as receiver for its assets. Twin Butte, whose fortunes have fallen […]
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Problems at ore processing plant at Kearl oil sands project CALGARY, Alberta, Sept 1 (Reuters) – Imperial Oil has started planned maintenance its Kearl oil sands project in northern Alberta earlier than originally scheduled, two sources said on Thursday. One source said the turnaround, planned for September, started early after problems with an ore processing plant.
Imperial starts maintenance at Kearl oil sands project early – sources Read More »
Twin Butte deal specifics not given CALGARY, Alberta, Aug 30 (Reuters) – Twin Butte Energy debenture holders, who on Monday rejected a takeover bid by Reignwood Resources Holding Pte Ltd, have made an alternative proposal on the deal to the Canadian oil producer’s special committee, a source familiar with the situation said on Tuesday. The source,
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Energy East panel considering motions on recusal of panel members By Nia Williams and David Ljunggren CALGARY/OTTAWA, Aug 30 (Reuters) – Canada’s National Energy Board on Tuesday suspended Montreal hearings on TransCanada Corp’s proposed Energy East pipeline after protests disrupted the first day of the process on Monday. The board, Canada’s energy regulator, also said in
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Energy East pipeline protestors’ “disruptions and disrespectful behaviour are not acceptable”: Regulator By Allison Lampert MONTREAL, Aug 29 (Reuters) – Canada’s National Energy Board has indefinitely postponed hearings in Montreal on TransCanada Corp’s proposed Energy East pipeline after protesters on Monday disrupted the first day’s session, an agency spokeswoman said. Montreal police said three protesters were arrested
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West Orphan Basin located northeast of Newfoundland By Nia Williams CALGARY, Alberta, Aug 25 (Reuters) – A deepwater oilfield off the coast of eastern Canada could hold 25.5 billion barrels of crude, according to a new seismic report by the Newfoundland and Labrador government, potentially making it the country’s largest offshore resource. But the West
25.5 billion barrel West Orphan Basin development may be hobbled by low prices Read More »
UN Convention on the Law of the Sea may force Canada to pay for far-offshore explorations By Ethan Lou TORONTO (Reuters) – Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far-offshore, according to an internal
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Kearl oil sands project maintenance to last around five weeks CALGARY, Alberta, Aug 24 (Reuters) – Imperial Oil‘s Kearl oil sands project in northern Alberta will start planned maintenance next month, two sources said on Wednesday. Both sources said the company was in the process of bringing more workers on site for the maintenance, with
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Enbridge has been expanding its North American pipeline network CALGARY, Alberta, Aug 22 (Reuters) – Enbridge Inc, Canada’s largest pipeline company, filed a mixed shelf offering of up to $7 billion with the U.S. Securities and Exchange Commissions on Monday, according to a SEC filing. The company said the proceeds from the sale of the securities
Enbridge files mixed shelf offering of up to $7B – U.S. SEC Read More »
TransCanada looking for long-term contracts By Nia Williams CALGARY, Alberta, Aug 19 (Reuters) – Pipeline company TransCanada Corp is offering tolls as low as 82 Canadian cents per gigajoule on its natural gas mainline from western Canada if enough producers sign up to long-term contracts, a company executive said on Friday. Stephen Clark, TransCanada’s senior vice
TransCanada offers 42 pct gas pipeline toll cut on long-term contracts Read More »
