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Homesale

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business
Financial

Enbridge selling US natural gas pipeline business for $1.1 billion

May 10, 2018 Energi Staff 2

Midcoast business include natural gas gathering, treating, processing and transportation…assets located in East Texas, Western Anadarko, Barnett shale plays Enbridge Inc.  announced its indirect subsidiary, Enbridge (U.S.) Inc., has entered into a definitive agreement to sell Midcoast [Read more]

trinidad drilling
News

Calgary’s Trinidad Drilling sells Saudi rigs instead of moving them to Permian Basin

April 12, 2018 Energi Staff 2

Trinidad Drilling expects to spend a total of $57.5 million in growth capital in 2018 Trinidad Drilling Ltd. announced it agreed to sell its three remaining rigs located in Saudi Arabia owned by Trinidad Drilling [Read more]

crescent point
Financial

Crescent Point Energy becomes big player in Alberta’s Duvernay Shale Basin with $112 million land buy

April 6, 2018 Energi Staff 2

Crescent Point Energy now has over 355,000 acres in the Duvernay Shale Basin play Crescent Point Energy Corp. announced that it bought 355,000 net acres in the Alberta East Shale Duvernay light oil resource play, [Read more]

permian
Financial

Concho Resources buys RSP Permian in largest Permian deal ever

April 4, 2018 Energi Staff 2

Between Q2 2016 and Q1 2017, over US$40 billion was spent on Permian upstream M&A Concho Resources Inc. announced it will acquire RSP Permian Inc. in a US$9.5 billion all-stock deal. The transaction is the [Read more]

trinidad drilling
Financial

All options on table for Trinidad Drilling, including sale or merger

February 28, 2018 Energi Staff 2

Trinidad considering all options to enhance shareholder value Trinidad Drilling Ltd. says their Board of Directors has begun a strategic review to enhance shareholder value that could include a sale or merger, according to a [Read more]

sale
Financial

Low oil prices force sale of Calgary-based citrus bio-solvent oil sands producer

February 27, 2018 Energi Staff 2

Production process utilizes citrus based bio-solvent that naturally separates bitumen from oil sands with no tailing ponds US Oil Sands Inc., an innovator of oil extraction technologies using citrus, announced that it has commenced a sale solicitation [Read more]

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In the Spotlight

Smith’s panel on Alberta’s energy future is a bad joke

by Markham Hislop in Markham on Energy

“A new advisory panel will develop a long-term vision for Alberta’s energy future and recommend steps the province should take to ensure the industry [emphasis added] continues to thrive for decades to come.” Premier Danielle [Read more]

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