+ Fong Seto, retired restauranteur and oil patch entrepreneur; 85
+ Judge Ian Kirkpatrick, Alberta Provincial Court; 76
KUDOS
+ 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
+ June 3; Pure West Art & Artifact Auction (speakers, Ian Tyson performing), Deane House, info/tickets
+ June 4-6; OPEX Summit; Operational Excellence in Energy Chemical & Resources, BMO Centre, Calgary;info/agenda
+ June 6; U of C/School of Public Policy, ‘Bridging Divides: In Search of Sound Public Policies for Energy and Environment in Canada, Fairmont Palliser Hotel, Calgary; register/tickets
+ 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
+ a new heavy-load bridge will be built across the North Saskatchewan River, south of Redwater, as part of the Alberta High Load Corridor; $90 million Highway 38 bridge
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