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Obsidian updates disposition of its Peace River Oil Partnership

August 13, 2019

Obsidian Energy has announced the extension of it’s syndicated credit facility with the underlying borrowing base and amount available under the syndicated credit facility remaining at $550 million and $460 million, respectively. The revolving period ends on February 28, 2020 with revolving period reconfirmation dates

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Inter confirms takeover bid after stock trading halted

August 12, 2019

Inter Pipeline Ltd. confirmed it received a “proposal” to purchase the company, in a statement issued at the behest of regulators a few hours after executives refused to discuss the matter on a conference call with analysts. According to Canadian Press, at

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Back from burnout: Kist takes the helm of Rockies LNG Partners

August 12, 2019

Greg Kist admits he was burned out when he resigned as president of Pacific NorthWest LNG at the end of 2014, as the Vancouver-based venture led by Malaysian energy giant Petronas advanced its ill-fated mission to build a liquefied natural gas

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Great Pacific Capital offers $2 billion to take Canfor private

August 12, 2019

Great Pacific Capital Corp has offered to take private Canadian integrated forest products company Canfor Corp at $16 per share, or about $2 billion overall, payable in cash, it said on Sunday. Great Pacific, which already owns about 51 per cent

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Former Enbridge exec to lead TMX Indigenous consultations

August 12, 2019

A former Enbridge executive has been appointed to head a committee that will advise the federal government as it consults with Indigenous communities that want a financial stake in the Trans Mountain pipeline expansion. Finance Minister Bill Morneau told CAnadian Press Linda

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North Dakota refinery challenge headed to Supreme Court

August 9, 2019

Two environmental groups who say North Dakota regulators should have intervened in the location of an oil refinery near the state’s top tourist attraction, Theodore Roosevelt National Park, are taking their case to the state Supreme Court. The Public Service

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Kinder Morgan reps attending two investor meetings next week

August 9, 2019

Representatives of Kinder Morgan, Inc. (KMI), which owns a controlling interest in Kinder Morgan Canada Limited (KML), will be participating in two investor meetings next week. One will be at the Goldman Sachs Power, Utilities, MLPs and Pipelines Conference on Tuesday, Aug.

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Insurers urged to stop underwriting Trans Mountain by activist coalition

August 8, 2019

A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project which carries crude from Alberta’s oil sands to British Columbia’s

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Kenney to unveil province’s financials next month

August 8, 2019

Premier Jason Kenney says he will unveil in early September the findings of a government-appointed panel making recommendations that will drive the United Conservative’s first budget. But Kenney told Canadian Press he expects the panel, chaired by former Saskatchewan finance minister Janice MacKinnon, will report

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New West Energy completes debt/operations restructuring

August 8, 2019

New West Energy Services Inc. has announced that it has completed a restructuring of its operations. As a result of NWE’s significant working capital deficit, management had been engaged in discussions with its primary secured creditor and equipment financing partner, Nations