+ available for spring 2015 occupancy – up to 51,800 sq. ft. – new office building in NW Calgary. The NW has been chronically underserved when it comes to high quality office space. Floor plates are 17,000 sq. ft.; good parking ratio. Developer is the Telsec Group. For information on this or any other property: email@example.com or call 403-444-6939
Northern Gateway pipeline decision today | FLOOD alert for southern Alberta rivers | OSUM buying Orion | Russia puts Ukraine on C.O.D. for gas | Canadian Banks stress test | RBC Outlook boasts Alberta economy | Encana selling Bighorn properties | Herman Miller re-invents workplace planning | Global Petroleum Show spectacle | conversation with Greg Liakopoulos + new financings >>>>
NEWS SUMMARY June 10 - 17 / 2014
+ Alberta land sales last week brought in $8.72 million
+ AltaGas Ltd. completed construction of its 195KW Forrest Kerr run-of-river hydro project; to be commissioned in July
+ Apollo Global Management LLC in talks to acquire $1.8 billion in Bighorn properties from Encana Corporation
+ CWC Energy Services Corp. increased its 2014 CapEx Budget to $17.8 million
+ flood warnings have been issued for southern Alberta watersheds because of heaving rains in mountain and foothills areas
+ GPS … Global Petroleum Show and the Heavy Oil Conference hosted 65,000+ oil & gas industry visitors, thousand of exhibitors, awesome event; if you haven’t been to one, make sure you check it out next year!
+ Kelt Exploration Ltd. agreed to acquire $165 million in Montney assets
+ Legacy Oil + Gas Inc. closed its acquisition of Highrock Energy Ltd.
+ Longreach Oil And Gas Limited is changing its name to PetroMaroc Corporation plc
+ Maxim Power (B.C.) Inc., being sold for $4.5 million
+ Niko Resources Ltd. got approval from the Government of Trinidad and Tobago for its sale of an equity state in an exploration block to BG Group for $62 million
+ Northern Gateway pipeline; Enbridge’s $7.9 billion project to carry oil sands heavy crude to the west coast hinges on Harper government approval, or not, due today, following what has been a lengthy and grueling regulatory process; ongoing resistance by environmental and aboriginal groups along the pipeline route means the project won’t be a slam-dunk or easy for the government. Approval will give considerable relief to Albertans, the Alberta government and oil sands producers …. tic toc
+ North Hill Shopping Centre – Sears site to be redeveloped as residential towers by Concord Pacific Group
+ Osum Oil Sands Corp. agreed to acquire the Orion oilsands project from Royal Dutch Shell plc for $325 million
+ Pacific Future Energy Corporation announced intention to develop $10 billion bitumen refinery project for B.C. north coast
+ PanTerra Resources Corp. agreed to acquire a portfolio of Alberta & BC natural gas assets for $120 million
+ Pason Systems Inc. former a JV with Rawabi Holding Company Limited; to pursue opportunities in Saudi Arabia
+ Paramount Resources Ltd. closed its acquisition of MGM Energy Corp.
+ Passport Energy Ltd. and Amarok Energy Inc. agreed to combine; new entity to be Powder Mountain Energy Ltd.
+ Russian cut off supply of natural gas to the Ukraine claiming US$4 billion of arrears, putting Ukraine on C.O.D. terms for purchases … while insisting Ukraine continue to allow gas to flow through their country to European customers; markets are nervous
+ SECURE Energy Services Inc. consolidated all its operating entities under the SECURE brand
+ Talisman Energy Inc. is reported to be near a US$4 billion deal to sell Asian assets
+ Williams Cos. Inc. agreed to acquire Access Midstream Partners LP for US$3 billion
INFRASTRUCTURE / P3 / GREEN
+ Metro Vancouver opened its new $100 million untraviolet disinfection facility to treat water from the Coquitlam watershed
+ City of Calgary flood restoration, river bank enhancements proceeding on schedule; project to divert Elbow River via a tunnel from about Glenmore dam to downstream Bow River still under consideration, but Government of Alberta is waffling now that a budget cost of $500 million has come in … tic toc
+ to Canadian Pacific – for sponsoring the purse ($210,000) at Spruce Meadows for the Canadian Pacific Grand Prix and donating $120,000 to benefit youth heart health
+ to WestJet, making its inaugural transatlantic flight – commencing service to Dublin, Ireland from Toronto
+ to Abugov-Kasper Architecture – celebrating their 25th Anniversary!
CHARITY GOLF TOURNAMENTS
+ June 19; 9th Annual CREW Calgary Golf Tournament – save the date
+ June 21; 10th Annual Local 496 Plumbers & Pipefitters Charity Golf Classic, in support of Fresh Start Recovery Centre; McKenzie Meadows – register/sponsorships
+ June 23; 25th Annual 65 Roses Ladies Golf Classic sponsored by Gibsons, Earl Grey Golf Course, Calgaryinfo/register
+ June 23; 3rd Annual Swing Into Summer Charity Tournament in support of the RCMP Foundation, Sirocco Golf Club, Calgaryinfo/registration
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