+ Alberta government considering spending cuts for implementation if oil prices remain low
+ current energy prices - live link to Bloomberg.com commodities data; crude down slightly, natural gas prices rise sharply due to U.S. consumption for air conditioning during heat wave
+ Enbridge Energy Partners LP cleaning up Line 24 leak in Wisconsin, line still shut down
+ global central banks delay the worst but have not solved much – report ; meanwhile, Spain uncertainty continues
+ Government of Alberta established two new entities: Alberta Wheat Commission and Alberta Oat Growers Commission … for marketing support to the industry and research
+ TransCanada Corporation and Exxon Mobil Corporation JV – Alaska Pipeline Project began soliciting shipper capacity interest for moving Alaska North Slope natural gas to market
+ world banking confidence continues as scandal fallout continues, regulators and boards call for more transparency – JP Morgan Chase re-org near the top, HSBC sets aside $2 billion for legal woes amid falling profits, Nomura CEO resigns over insider trading … to name but three
NEWS REVIEW July 25 - 30
+ Alter NRG Corp. closed is $5 million sale of CleanEnergy Developments Corp. to Bellair Ventures Inc.
+ BP PLC eyeing long term oil sands investment in Canada
+ China National Offshore Oil Corporation (Cnooc) $15 billion friendly bid for Nexen Inc. has attracted U.S. politicians to call on Canadian government to leverage approval process on China over human rights (yes, this is the same U.S. government that holds up approval of pipeline projects that are in Canada’s interests) … so stick a sock in it Senator Schumer; meanwhile securities regulators are looking at Chinese investors suspected of illegal insider trading in Nexen stock prior to the deal being struck
+ Delphi Energy Corp. closed $23 million disposition of Bigstone area assets
+ Enbridge Pipelines Inc. got NEB approval to reverse flow direction on a portion its Line 9 to move western oil eastward
+ IBI Group Inc. agreedto acquire Taylor Young Limited Architects and Master Planners
+ KPMG LLP acquired SECOR Inc.
+ Li Ka-shing led consortium agreed to acquire Britain’s MGN Gas Networks for $1 billion
+ Pacific Rubiales Energy Corp. completed its $225 million acquisition of PetroMagdalena Energy Corp.
+ Petronas upped its bid for Progress Energy Resources Corp. to $5.5 billion to trump a competing bid . . . stay tuned
+ Rosneft in talks to buy out BP’s 50% interest in TNK-BP, a stake valued at $30 billion
+ Royal Dutch Shell PLC and partners have applied for LNG export license for its planned Kitimat facility
+ second (west) tower of Eighth Avenue Place (under construction) now fully leased
+ Standard Life Investments acquired the 8 West building, pushing its portfolio over $1 billion threshold
+ TransCanada Corporation finished permitting process, now poised to go ahead with $2.3 billion 485 mile Gulf coast portion of the Keystone XL pipeline expansion; construction starts summer 2012
+ U.S. drought conditions bringing calls for curtailment of fracking operations to conserve water
QUOTES
“Face the facts of being what you are, for that is what changes what you are.” – Soren Kierkegaard
“When you’re green, you are growing. When you’re ripe, you rot.:” – Ray Kroc
