+ TransCanada Corporation staging a media event today to discuss energy security and economic benefits of Keystone XL Pipeline in WashingtonDC this morning following a weekend of protests there
+ Yangarra Resources Ltd. announced its 2013 CapEx Budget of $25 million
+ YEN nears 33 year low as G-20 countries wrestle with currency wars controversy
+ BC Government announced it will introduce taxes on LNG exports; industry pressing Ottawa for relief
+ Enbridge Inc. and Energy Transfer Partners L.P. are planning $3.4 billion conversion of a natural gas pipeline to ship crude oil from the Bakken to St. James hub in Louisiana
+ Enbridge Inc. and Energy Transfer Partners L.P. agreed to re-purpose portions o the Trunkline Gas Company LLC’s like to ship crude from Patoka, Illinois to the east coast refinery market
+ Encana Corp. announced its 2013 CapEx Budget of $3 billion
+ MEG Energy is planning a $103.6 million pilot plant at Bruderheim; a converter that will convert diluted Bitumen to heavy crude oil
+ Nexen Inc. announced its pending sale to CNOOC has now cleared all regulatory hurdles in the U.S.; closing expected next week
+ Pembina Pipeline Corporation is going forward with its $250 million expansion of its Peace Pipeline
+ Pure Industrial REIT closed $21.8 million in acquisition of Edmonton industrial properties
+ Rose LLP – new law firm established by Jim Rose and other former Fraser Milner Casgrain lawyers
+ salaries are stronger in western Canada west according to Conference Board of Canadareport
+ Teine Energy Ltd. closed its acquisition of 22,000 net acres Viking light oil assets
+ TMX Group Limited agreed to acquire Equity Financial Holdings Inc. as an entry to the transfer agent business
+ TroOil Resources Ltd. engaged advisors to do a strategic review to enhance shareholder value
+ True North Commercial REIT acquired Century Park Place, price not disclosed
+ Vitol Anker International B.V. made an unsolicited takeover bid for Sterling Resources Ltd.
REAL ESTATE NEWS FROM OTHER PLACES
+ The Banff Centre to host/establish a think tank – Canadian Institute for Advanced Research
+ Brookfield Asset Management’s Brazil unit is facing bribery charges; allegations relate to securing construction permits
+ U.S. hotel investment/development market remains depressed with great difficulty financing projects. Solution on the rise is an EB-5 program whereby foreign investors secure a green-card in the bargain was involved in 25% of hotel deals in the U.S. in 2012
INFRASTRUCTURE / P3 / GREEN
+ Rideau Transit Group Partnership finalized an agreement with the City of Ottawa to design, build, finance and maintain the $1.8 billion Confederation Line, the city's first light rail transit system
+ Catalyst Paper agreed to sell its 50% interest in Powell River Energy Inc. and Powell River Energy Limited Partnership to Powell River Energy Trust, a Brookfield Renewable Energy affiliate for $33 million
+ war or words between Calgary Mayor Nenshi and Municipal Affairs Minister Doug Griffiths continues – metropolitan plan (a 60 year regional plan) has most municipalities on-board, but MD’s of Foothills, Rocky View and Wheatland are holdouts. The issue? Water. Big issue! Calgary wants to have all on-board before allocating water sharing . . . stay tuned – this fight is just starting!
+ City Council taking 36 holes of golf out of service; they approved rezoning of the Shawnee Slopes lands. Geo-Energy will be allowed to develop 1,700 homes on the former course lands. Secondly, the city will close the McCallLake course after 2014 season. Proceeds from selling part of the McCallLake lands will be used to develop badly needed recreation facilities to serve residents of the area
QUOTES
“The essence of competitiveness is liberated when we make people believe that what they think and do is important – and then get out of their way while they do it.” – Jack Welch
“Agility means that you are faster than your competition. Agile time frames are measured in weeks and months, not years.” – Michael Hugos
+ to Doug Hunter – donated $5 million to the Haskayne School of Business at University of Alberta to establish The Hunter Centre for Entrepreneurship and Innovation
FACILITYCalgary- Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
- this site is maintained and updated weekly - last updated May 30, 2023
