Story by PennEnergy ENMAX Corporation and Capital Power Corporation (TSX: CPX) have announced that the Shepard Energy Center (Shepard) located in east Calgary is now fully operational and capable of generating over 800 megawatts (MW) of electricity to the Alberta grid. Fueled by natural gas, the facility is the largest of its kind in the province and an important step in
Glencore plans to convert shares in subsidiaries of Russia’s Russneft into a 49% stake in the company Swiss mining giant Glencore (ticker: GLEN) plans to take a 49% stake in Russian oil producer Russneft (ticker: RUSN) by exchanging Glencore’s shares in Russneft’s subsidiaries for shares in the holding company, according to a release from the Swiss company. This news comes
United States oil production and its diminishing storage capacity may lead to another drop in oil prices, according the International Energy Agency’s (IEA) Oil Market Report for March 2015. The Agency revised its oil demand outlook upward, but the increase was offset by a similar revision on the production side. U.S. production is expected to average 12.56 MMBOEPD in 2015,
Husky Energy announces first production of its Sunrise Energy Oilsands Project Husky Energy (ticker: HSE) announced Wednesday that oil production at the Sunrise Energy Project in northern Alberta has begun. Sunrise is located about 37 miles northeast of Fort McMurry with 3,700 MMBO of 3P reserves, according to the company. Steam operations at the project began in December 2014. Total
The Baker Hughes active U.S. rig count shows another drop this week The Baker Hughes (ticker: BHI) weekly rig count for the week ended March 13, 2015, shows rig counts falling for the fourteenth straight week. The total number of active rigs in the U.S. fell by 67 to 1,125, down 6% from last week’s report. Rigs drilling for oil
Peyto Exploration & Development Corp. Confirms Dividends for April 15, 2015 CALGARY, ALBERTA–(Marketwired – Mar 13, 2015) – Peyto Exploration & Development Corp. (PEY.TO) (“Peyto”) confirms that the monthly dividend with respect to March 2015 of $0.11 per common share is to be paid on April 15, 2015, for shareholders of record on March 31, 2015. The ex-dividend date is
Sprague Resources LP Reports Fourth Quarter And Full Year 2014 Results PORTSMOUTH, N.H., March 13, 2015 /PRNewswire/ — Sprague Resources LP (“Sprague”) (SRLP) today reported its financial results for the fourth quarter and twelve months ended December 31, 2014. On December 9, 2014 Sprague acquired all of the equity interests in Kildair Service Ltd (“Kildair”) through the purchase of the
Enbridge Energy Partners, L.P. Announces Closing of Common Unit Offering HOUSTON, TX–(Marketwired – Mar 13, 2015) – Enbridge Energy Partners, L.P. (NYSE: EEP) (the “Partnership”) announced the closing of its previously announced public offering of 8 million of its Class A Common Units that priced on March 10, 2015, for net proceeds of approximately $288.6 million after deducting underwriting discounts and
Williams Partners Announces Redemption of 5.875% Senior Notes due 2021 TULSA, Okla.–(BUSINESS WIRE)– Williams Partners L.P. (WPZ) and ACMP Finance Corp. (collectively, the “Issuers”) announced today that they have issued a notice of redemption (the “Notice of Redemption”) to holders of the Issuers’ 5.875 percent Senior Notes due 2021 (the “Notes”), stating that the Issuers will redeem all of the
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