Oil and Gas
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Franco-Nevada teams with oil firm Continental Resources to buy mineral rights
Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma. Franco-Nevada says it will contribute about US$220 million for the acquisition of…
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Communications: Galaxy Broadband launches new satellite network
Alberta – Calgary-based Galaxy Broadband Communications is launching a new network with the latest Generation 5 High QoS technology. The new Gen 5, QoS capable technology will be deployed on Galaxy’s Ka Band high powered spot beams to offer much…
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NOMINATION: MGX Minerals’ nanoflotation technology among finalists for Katerva prize
VANCOUVER – MGX Minerals reports that the nanoflotation technology developed by David Bromley Engineering (DBE) and licensed exclusively to MGX engineering and technology development partner PurLucid Treatment Solutions has been nominated for the prestigious international Katerva Award. The Katerva Award recognizes disruptive sustainable…
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INFRASTRUCTURE: MAC supports decisions on pipelines
OTTAWA – The Mining Association of Canada supports the government of Canada’s approval of new pipeline infrastructure to diversify markets for Canada’s oil sands industry. “As an association that represents several oil sands companies and that advocates for trade-enabling infrastructure, we are pleased to see the…
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M&A: GE and Baker Hughes to create new full-stream digital industrial services company
BOSTON & HOUSTON: General Electric (GE) and Baker Hughes today announced that the companies have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of…
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ACQUISITION: Suncor Energy sells Petro-Canada Lubricants business for $1.125 billion
CALGARY: Suncor Energy today announced it has reached an agreement to sell its Petro-Canada Lubricants Inc. (PCLI) business to a subsidiary of HollyFrontier Corporation for gross proceeds of $1.125 billion, subject to customary closing adjustments. The sale includes PCLI’s production and…
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SHELTER: Three companies awarded contract to build structures in northern B.C.
Alta-Fab Structures Ltd., Northern Frontier Corp., and Nomodic Modular Structures Inc., have been awarded a custom design and turnkey supply contract to build a field office, shop, and accommodations for a natural gas producer in northern B.C. The facilities will…
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BUSINESS NEWS: Black Diamond Group Announces Long Term Contract Renewal
CALGARY, AB— Black Diamond Group Limited, a leading provider of workforce accommodation and modular workspace solutions, is pleased to announce it has been awarded a workforce housing camp renewal in the Duvernay region of northwest Alberta. The renewal for 354 beds…
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PUBLIC RELATIONS: Energy industry losing PR battle, says Sask. premier Wall
CALGARY—The energy industry is losing the public relations battle against environmentalists and needs to redouble efforts to get out its side of the story, Saskatchewan Premier Brad Wall said Wednesday. “Today there continues an existential threat to this industry,” said…
