FACILITYCalgary

INTERESTING REAL ESTATE NEWS, other places:
+ Lakeview Hotel Investment Corp. closed the $2.9 million sale of Lakeview Inn & Suites – Edson East, in Edson, AB
+ Morguard Investments Limited are updating Scotia Place in Edmonton; $22 million renovation project starts next month …
+ Rogers Place (new home of the Edmonton Oilers) in Edmonton is finished, public tours and grand opening were a big shindig!
 CLIMATE CHANGE / LEED / RENEWABLE ENERGY :
+ Lafarge Canada Inc. reduced the environmental footprint of its Exshaw plant; project began in 2013; capacity increases from 1.3 million metric tonnes per year (tpy) to 2.2 million metric tpy. Technology upgrades reducing sulphur dioxide emissions 60%, nitrogen emissions 40% – and zero water discharge through a $20 million investment in a new kiln #5
+ University of Calgary awarded $75 million research grant over 7 years– part of a $900 million federal government program: Global Research Initiative in Sustainable Low Carbon Unconventional Resources; 270 researchers and scholars at U of C involved in the project; University of Alberta also received a $75 million grant over 7 years
 
New Summary:
+ Agrium Inc. and Potash Corporation of Saskatchewan Inc. agreed to a merger of equals; combined entity will have 20,000 employees – operating name ‘to be determined’; combined market value is US$27.5 billion. Registered head office will be in Saskatoon, corporate office in Calgary
+ Bank of Canada, warning of risks to growth, announced it will maintain rates – overnight target rate remains ½ of 1%
+ Canyon Services Group Inc. increased its 2016 CapEx Budget by $16.5 million to $28 million
+ Ceiba Energy Services Inc. engaged advisors to conduct a strategic review process
+ ConocoPhillips Canada reported to be laying-off 250-300 staff this week, the majority of them at Calgary headquarters
+ Crescent Point Energy Corp. increased its 2016 CapEx Budget by $150 million to $1.1 billion
+ current energy prices – live link to current Bloomberg energy prices; some WTI price volatility due to GOM storms. Saudi, China and Russia representatives say they’ve agreed to cooperation to tackle the global oil glut to buoy prices – and then subsequently OPEC is talking about increases in production – it seems to my OPEC’s vacillations continue to be hurting their own members as well as everyone else …
+ Energy East Pipeline hearings are adjourned indefinitely; NEB’s hearing panel stepped down. Hearings will resume when new panel members are selected … tic toc
+ EOG Resources Inc. agreed to acquire Yates Petroleum for US$2.5 billion
+ Imperial Oil Limited announced it will be selling off its Norman Wells assets
+ Irving Oil closed its acquisition of the Whitegate refinery near Cork, Ireland
+ Johnson Controls completed its merger with and takeover of Tyco
+ Lone Pine Resources Canada Ltd. and Arsenal Energy Inc. got security holder approval for their combination transaction; completed their combination to form Prairie Provident Resources Inc.
+ memorial service for Hon. Norman L. Kwong in Calgary this afternoon will be live streamed
+ rig counts: western Canada’s fleet of 759 rigs saw 139 active rigs this week, down from 144 the week before; last year/same week was 178; U.S. rig count up 11 this week to 508; last year/same week U.S. had 848 active rigs. Also, U.S. EIA published a report with a great map on U.S. drilling productivity
+ Rockdale Resources Corporation changed its name to Petrolia Energy Corporation
+ Saudi Aramco looking a buying Lyondell’s Houston refinery
+ Shell commenced production at its Stones off-shore GOM project
+ TELUS Health Solutions GP closed its $14.5 million acquisition of Nightingale Informatix Corporation
+ Washington state adopted new rules for pipeline and rail transportation of oil through the state
+ Wealth One Bank of Canada chartered as a Schedule I Bank, founded by Chinese Canadian investors with plans to focus on services to the Chinese Canadian community
+ Yoho Resources Inc. closed its going-private transaction; 1981064 Alberta Ltd. now holds 100%
 
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