+ Fong Seto, retired restauranteur and oil patch entrepreneur; 85
+ Judge Ian Kirkpatrick, Alberta Provincial Court; 76
+ to Scotiabank Calgary Marathon – 8,500 racers raised $600K on Sunday for 68 local charities; winning time was 2:16:37, a new record, set by Feyera Daid of Ethiopia and Etobicoke …35 seconds better than the old record!
+ to Lorenzo Donadeo, Murray Cobbe, Dr. T. Chen Fong and the late David E. Mitchell, inducted to the Calgary Business Hall of Fame
+ a holiday yesterday in the U.S. (Memorial Day); U.S. markets were closed
+ AECON sale to CCCC International Holding Limited will not go ahead; Investment Canada found the $1.5 billion proposed transaction to not be in the national interest of Canada – and the Chinese Embassy reacted with cranky comments about investment cooperation between China and Canada
+ Alberto – the hurricane is hitting Florida on the Gulf of Mexico side; Exxon, Shell and Chevron cut output, pulling employees in from offshore facilities
+ ATCO opened its new corporate camps, ATCO Park in Lincoln Park near Mount Royal University, adjaced to Crowchild Trail
+ current energy prices – live link to current Bloomberg energy prices; prices down on the week – WTI holding steady at US$66.0/bbl, Brent at US$75.0/bbl following four days of downward trend; markets cautious as Saudi and Russia are talking output increases wile Venezuelan and Iran market jitters add to the mix … tic toc
+ Global Petroleum Show coming – June 12-14; celebrating 50th anniversary of the show!
+ Keyera Corp. agreed to acquire another Oklahoma asset – a logistics and blending terminal near Tulsa for US$90.0 million
+ MATRRIX Energy Technologies Inc. closed its $5.57 million acquisition of assets of Red Dog Drilling Inc.
+ REFINECO Inc. changes its name to Convverge Inc.
+ SNC-Lavalin settled class action lawsuits filed in 2012, brought by security holders; settled for $110.0 million; insurers pay some, but SNC will pay $88.0 million for misleading investors about activing in Libya + Total S.A., Borealis AG and Nova Chemicals Corporation closed a JV – Bayport Polymers LLC on the U.S. Gulf Coast (Bayport and Port Arthur, Texas)
+ TransCanada Corporation sub. NOVA Gas Transmission Ltd. got NEB approval for its $1.4 billion North Montney Mainline natural gas project
+ TransMountain Pipeline expansion – Ottawa and Kinder Morgan agreed that the Government of Canada will buy the TransMountain Pipeline system - existing and expansion portions; price is $4.5 billion. Closing is in 3rd qtr. Construction will go ahead without interruption. Government of Canada is working to find a 3rd party buyer; sale of other Kinder Morgan Canada assets are NOT part of the transaction
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com