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Kinder Morgan Secures Regulatory Approval for Its $5.19 Billion Canadian Pipeline Expansion Project
June 1, 2016
Canada’s energy regulator National Energy Board (NEB) has conditionally recommended the approval of Kinder Morgan’s C$6.8bn ($5.19bn) Trans Mountain oil pipeline expansion project. In a report, NEB has recommended the Governor in Council to approve the project but with 157
Suncor Recommences Operations After Wildfires at Firebag In Situ Facility, Canada
June 1, 2016
Canada-based Suncor Energy has restarted operations in the Regional Municipality of Wood Buffalo (RMWB). Initial production from its Firebag in situ facility had already began. At the Base Plant and the MacKay River in situ facility, start-up activities are underway
Oil Hits $50 a Barrel
June 1, 2016
The magic number was delivered to traders and investors in the oil market for a brief time on Thursday. Oil at US$50 a barrel was the half year aim for the more optimistic players in the energy sector. While welcomed
TransCanada Secures 13 Project Agreements with First Nations Along Coastal GasLink Pipeline Route
May 31, 2016
TransCanada Corporation’s Coastal GasLink pipeline project now has 13 signed project agreements with First Nations and is in continuing consultation with an additional eight First Nations along the proposed pipeline route. Kitselas First Nation and McLeod Lake Indian Band are
DXI Energy to Expand Oil Production at Woodrush Project, British Columbia
May 31, 2016
DXI Energy Inc. has formed its strategic plan to expand production and improve operational efficiencies at its core Woodrush project in NEBC. The Woodrush project currently includes 4 oil wells and 9 natural gas wells with significant processing facilities and
CAPP: New Brunswick’s Decision to Extend Hydraulic Fracturing Moratorium is Step in Wrong Direction
May 31, 2016
The Canadian Association of Petroleum Producers (CAPP) has expressed disappointment with the New Brunswick government’s decision to extend the moratorium on hydraulic fracturing. “Industry has been working with the government to ensure world-class regulations and environmental protection is in place,”
Citadel to Acquire Natural Gas Pipeline Transportation Capacity from WPX Energy
May 26, 2016
Citadel, a global investment firm, has agreed to acquire a portfolio of natural gas pipeline transportation capacity through 2032 in the Western U.S. from WPX Energy. The acquisition is expected to close in the third quarter of 2016. This follows
Lime Rock Resources Secures $754 Million to Acquire Oil and Gas Properties in U.S.
May 26, 2016
Lime Rock, a private equity firm focusing on the global energy sector, has closed of its fourth Lime Rock Resources fund, Lime Rock Resources IV, with $754 million in aggregate capital commitments. As with the three previous Lime Rock Resources
Mountaineer NGL Storage Concludes Successful Open Season for NGL Storage Project, Ohio
May 26, 2016
Mountaineer NGL Storage, LLC, has concluded a successful non-binding open season for its natural gas storage project near Clarington, Ohio. The open season resulted in requests for more than three times the amount of initial planned capacity. Scaled development begins
SandRidge Energy Files for Chapter 11 Bankruptcy Protection
May 25, 2016
SandRidge Energy, Inc. has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas to consummate a pre-arranged reorganization through a restructuring support agreement entered into with
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