+ Alter NRG Corp. agreed to sell its CleanEnergy Developments Corp. unit for $5 million
+ Athabasca Oil Sands Corp. exercised its option to sell 40% interest in McKay River oil sands project to PetroChina International subsidiary for $680 million
+ Brookfield Properties announced plans to demolish former Calgary Herald Building, Annex and Fitzpatrick buildings to make way for 1.2 million sq. ft. high rise office development; tenants must be out by June 30
+ Connacher Oil & Gas Ltd. suspended its search for JV partner, shook up executive team
+ Government of Alberta set up a new advisory body - Athabasca Oil Sands Area Transportation Coordinating Committee – to oversee transportation planning in the region
+ Government of Canada is looking at increasing, and accelerating, previously announced deficit cutting measures in advance of next budget due in 1st qtr 2012
+ Keyera Corp. forming JV with Enbridge Inc. to pursue multi-mode diluent transportation & terminalling services for bitumen producers
+ Northern Gateway Pipeline project public hearings underway; 4,300 people registered to present to hearings over 18 month approval process for 1,100 km line from Bruderheim, AB to Kitimat, BC; meanwhile, Harper government is pushing hard against foreign funded opponents amid plans to accelerate the process
+ Ridgeline Energy Servies Inc. finalized its acquisition of Danzik Hydrological Sciences LLC
+ Sinopec International Petroleum agreed to pay US$2.2 billion for a 30% of five Devon Energy shale operations
+ spike in electricity rates affecting many businesses who are not locked into long range fixed rate contracts . . .
+ Surge Energy Inc. closed $106 million acquisition of light oil assets
+ Target Corp. planning 1.3 million sq. ft. distribution centre for Balzac, Rocky View County
+ Total S. A. agreed to invest US$2.32 billion of a state in Chesapeake Energy Corp.’s shall operation in Ohio
+ TransGlobe Energy Corporation acquired $60 million in Egyptian assets
+ Vero Energy Inc. agreed to sell $209 million in west central Alberta natural gas assets
+ Vero Energy Inc. to reorganize as light oil producer
