MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES -3RD PARTY REPORTS
Monday June 05 2017
Information Sessions - Line 21 Segment Replacement Project
Enbridge Pipelines has applied to the National Energy Board (NEB) to replace part of its Line 21 Pipeline, also known as the Norman Wells Pipeline. The company plans to drill under the Mackenzie River using a technique called Horizontal Directional Drilling.
NEB staff will be holding an information session in Fort Simpson, NT to talk about how the NEB will review this application. There will be a brief presentation followed by an opportunity to ask questions.
Tuesday, June 6, 2017
Thomas Simpson School Library
Fort Simpson, NT
6:30 pm – 8 pm
For more information about this project, please visit our website:
SOURCE National Energy Board
Gibsons Appoints Steve Spaulding as President and CEO
Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), announced today that Steve Spaulding has been named as the company's President and Chief Executive Officer. This appointment will be effective June 19, 2017, at which time he will also become a member of Gibsons' Board of Directors.
Steve is an accomplished industry veteran with more than 25 years' experience in the midstream space. Most recently, Steve served as Executive Vice President of Lone Star NGL LLC, a subsidiary of Energy Transfer Partners. Based in Dallas, Texas, Lone Star provides natural gas liquids storage, refinery, fractionation and processing, and pipeline transportation services. During his tenure, Lonestar's fractionation capacity grew from zero to 540 mbpd and NGL transport capacity grew from 125 mbpd to 800 mbpd. He was also EVP NGL's at Energy Transfer Partners, a $57 billion integrated midstream services provider across crude oil, natural gas and NGL commodities, also based in Dallas.
Prior to that, Steve served as Senior Vice President, Gathering and Processing at Crosstex Energy, which is now EnLink Midstream Partners. Steve brings expertise in leading midstream businesses, building organizations, business development, marketing and operations, which began with his roots of almost twenty years spent at Chevron and Texaco.
"We are excited to have attracted a strong leader like Steve. He understands the midstream space and brings a strategic and entrepreneurial mindset, a strong customer focus, and a track record of driving profitable organic growth," said Jim Estey, Chairman of the Board. "The Board is confident that we have identified the right leader to drive Gibson's continued infrastructure based growth and evolution within the North American midstream sector."
"This is an exciting time for Gibsons. I am pleased to have the opportunity to lead the company through its next phase of infrastructure growth and development, supported by solid marketing and logistics capabilities," said Spaulding. "Gibsons has an outstanding portfolio of midstream assets and an impressive team of employees across North America. I look forward to getting settled in Calgary and working with the team to advance and execute the Company's strategy."
Steve succeeds current President and CEO, Stew Hanlon, who will be available in an advisory capacity to facilitate the transition into 2018. Mr. Hanlon is retiring from the CEO role after twenty-six years of service to the company.
"I want to thank Stew on behalf of the Board and all his colleagues for his exceptional leadership, dedication and contributions to Gibsons," added Mr. Estey.
Gibsons is a Canadian-based midstream energy company with operations in most of the key hydrocarbon-rich basins in North America. For over 60 years, Gibsons has delivered integrated midstream solutions to customers in the oil and gas industry. With headquarters in Calgary, Alberta, the Company's North American operations include the storage, blending, processing, transportation, marketing and distribution of crude oil, natural gas liquids and refined products. The Company also provides oilfield waste and water management services.
Gibson Energy Inc. shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsons.com.
SOURCE Gibson Energy Inc.
Penn West Announces Webcast Details for Analyst Day on June 7, 2017
PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE – PWE) ("Penn West", "we", "us" or "our") is hosting an Analyst Day event on Wednesday, June 7, 2017, beginning at 1:00 pm Mountain Time (3:00 pm Eastern Time) to offer the investment community a comprehensive technical overview of our cost structure, operations, and sustainable growth strategy. The event will be held in Calgary for members of the financial analyst community and simultaneously webcast for the public and those unable to attend in person.
CONFERENCE CALL & WEBCAST DETAILS
A live broadcast of the Analyst Day presentation will be available on the Internet and may be accessed directly at the following URL:
A recording of the Analyst Day presentation will be available for replay one hour after the conclusion of the presentation on our website www.pennwest.com, or directly at above URL.
Penn West shares are listed on the Toronto Stock Exchange under the symbol "PWT" and on the New York Stock Exchange under the symbol "PWE".
SOURCE Penn West
Total Energy Services Inc. Announces Dividend
Total Energy Services Inc. ("Total") (TSX:TOT) announces that its Board of Directors has declared a quarterly dividend of $0.06 (Cdn.) per common share for the quarter ending June 30, 2017 on Total's outstanding common shares. The dividend is payable on July 31, 2017 to shareholders of record at the close of business on June 30, 2017. The ex-dividend date is June 28, 2017.
Total is a growth oriented energy services corporation involved in contract drilling services, rentals and transportation services and the fabrication, sale, rental and servicing of natural gas compression and process equipment. The common shares of Total are listed and trade on the TSX under the symbol "TOT".
SOURCE Total Energy Services Inc.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.