+ Arsenal Energy Inc. closed $11.5 million disposition of assets
+ BIOX Corporation entered 50/60 JV with World Energy; acquired 341 million litre biodiesel production facility in Houston (formerly Green Earth Fuels)
+ BOE Report published a BOE/D Metrics by Play report … interesting
+ BREXIT NEWS: both main British political parties are in contests to select new leaders, and meanwhile the EU has taken no actions as ‘Article 50’ provisions (documents for leaving) have not yet been filed by the UK; public opinion polls reflect a British citizenry in a state of confusion while the business community there continues to be shell-shocked and shellacked in the markets. Scotland’s wish to separate from the UK (and stay in the EU) has fresh wind in its sails … tic toc
+ Brookfield Global Integrated Solutions agreed to acquire the Canadian real estate facilities management business of SNC-Lavalin for $45 million (does not include P3 projects)
+ Canada Post lockout looking likely; lines drawn in the sand from both sides in failure to reach a contract over pension funding and wage issues as both sides publish dueling press releases – meanwhile we all learn to work and pay our bills without the need for them quite so much; a strike or lockout could come as early as Friday (72 hours notice has been given by Canada Post), but for now, bargaining continues …
+ Chinook Energy Inc. closed $7.5 million disposition of Gold Creek area assets
+ CIBC agreed to acquire Chicago based PrivateBancorp (32 offices in 12 states) for US$3.8 billion
+ current energy prices – live link to Bloomberg energy prices; trickling/leaking below US$50/bbl … EIA reporting U.S. drawdown of inventory, Brexit jitters subsiding, but production bumps by Nigeria (a shaky ceasefire between militants and government forces) and Canada served to keep prices soft. + U.S. markets were closed yesterday for a national holiday,
+ DATA Group Ltd. changed its name to DATA Communications Management Crop.
+ Enbridge’s Northern Gateway Pipeline project got a strange court ruling; the Federal Court of Appeal found much fault, not with Enbridge, but with the Federal government (ie: the Harper government) for inaction/poor handling of the process. The ruling appears to rescind the NEB conditional approval … or maybe not. The 3-yr. permit will soon expire, so industry eyes are on Enbridge and NEB actions to re-start, amend or drop the project … tic toc
+ Energy Transfer Equity LP backed out of its US$33 billion takeover of Williams Cos.; breakup fees and litigation expected, of course, and their tail between their legs and reputations damaged severely …
+ Filipino Canadian Magazine was launched by Abel Pagaling; and I was invited to write a piece on communications for their inaugural issue: Communication Is Everything It Is Supposed To Be
+ Fort McMurray recovery: Fire Aid concert in Edmonton raised funds; GOA handed back control of Regional Municipality of Wood Buffalo to council (finally!); local ‘state of emergency’ status still in place. Air and ash sampling continues as crews work in damaged areas. Child care operators are ramping up for return of children, and healthcare operations are returning to full-on normal operations. 65,329 residents have check into GOA information centres since re-entry began June 1
+ Gran Tierra Energy Inc. agreed to acquired PetroLatina Energy Ltd. for US$525 million
+ GOA is amending New Home Buyers Protection Act to require all builders in the Wood Buffalo region to post credentials and history on-line before obtaining building permits. Not sure what message the government is sending to the industry, or to the rest of the province; if this is good, make it ‘for every contractor in the province’. If it isn’t fair, then maybe it’s draconian
+ Hainan Airlines began scheduled service from YYC to China
+ Long Run Exploration Ltd. closed its arrangement with Sinoenergy Investment Corp.
+ Manitok Energy Inc. agreed to acquire Raimount Energy Inc.
+ MCW Energy Group Limited agreed to acquire a controlling interest in another oil sands E & P company, Accord GR Energy Inc.; terms not disclosed
+ National Music Centre opened; $191 million project officially opened July 1 in Calgary’s east village; will be known as Studio Bell; 160,000 sq. ft. building incorporates auditorium/performance space, 22,000 sq. ft. of exhibition space and a re-build of the King Edward Hotel
+ OPEC: Saudi Oil Minister and OPEC Sec-Gen. met over the weekend to review the market; they said nice things about ‘market stabilizing’ but also disclosed they are working on a deal with Libya’s national oil corporations to return to pre-2011 levels of 1.6 million bpd
+ Pine Cliff Energy Ltd. closed $25 million royalty assets disposition
+ Rig Counts: U.S. up 11 to 341 (dropped 7 last week); Canadian rigs active – 80 of 667, up from 76 last week
+ Royal Bank of Canada closed its sale of RBC General Insurance Company to Aviva Canada Inc. for $230 million
+ Royal Bank of Canada published its RBC-PMI (Purchasing Managers’ Index) report; shows slowest improvement in business conditions for three months in June
+ Spartan Energy Corp. agreed to acquire two packages of SE Saskatchewan light oil assets for $71.7 million
+ Statoil completed its sale of its 15% interest in Edvard Grief field to Lundin Petroleum for US$64 million
+ Superior Plus Corp. terminated its plans to acquire Canexus Corporation; Canadian Competition Bureau said OK, but U.S. authorities sought to block the deal
+ Temple Hotels Inc. commenced a strategic review, hired advisors …
+ TransCanada Corporation closed its US$13 billion acquisition of Columbia Pipeline Group Inc.
+ Triangle USA Petroleum Corp. entered Chapter 11 Bankruptcy re-organization
+ Trimac Transportation Ltd. got shareholder and court approval for its going-private transaction; and completed the transaction
+ U.S. natural gas futures had best 2nd qtr. performance since 2000, as above normal temperatures will push demand by power plants (for air-conditioning)
+ Tuscany Energy Ltd. is in receivership
+ Vermilion Energy Inc. agreed to acquire and portfolio of E & P assets in Germany for $47.9 million
+ WSP Global Inc. dropped its takeover bid to acquired Sweett Group Plc
+ Xtreme Drilling and Coil Services Corp. changed its name to Xtreme Drilling Corp.
