Dispute resolution in focus as NAFTA talks drag

Canada and the United States ended talks to revamp the North American Free Trade Agreement (NAFTA) on Friday without reaching a deal. One longstanding issue is Chapter 19 of NAFTA, a dispute resolution mechanism that the United States significantly scaled back in a bilateral deal it reached with Mexico. WHAT IS CHAPTER 19? Chapter 19 [Read More…]

Source: BOE Report

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

LEAWOOD, Kan.–(BUSINESS WIRE)–This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distribution paid on Aug. 31, 2018 and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distribution, payable Aug. 31, 2018, and the cumulative distributions paid this fiscal [Read More…]

Source: BOE Report

Tortoise Pipeline & Energy Fund, Inc. Provides Section 19(a) Notice

LEAWOOD, Kan.–(BUSINESS WIRE)–This notice provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) with information regarding the distribution paid on Aug. 31, 2018 and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distribution, payable Aug. 31, 2018 and the cumulative distributions paid this fiscal year [Read More…]

Source: BOE Report

Pacific Drilling Announces Developments in Bankruptcy Proceedings

LUXEMBOURG–(BUSINESS WIRE)–Pacific Drilling S.A. (OTC: PACDQ) (“Pacific Drilling” or the “Company”) today announced that it has made progress in connection with its Chapter 11 proceedings. On August 23, 2018, the bankruptcy court approved the Company’s entry into a commitment letter with a third-party financial institution relating to the $700 million first lien notes offering contemplated [Read More…]

Source: BOE Report

Range Declares Quarterly Dividend

FORT WORTH, Texas, Aug. 31, 2018 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:  RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the third quarter.  A dividend of $0.02 per common share is payable on September 28, 2018 to stockholders of record at the close of [Read More…]

Source: BOE Report

Canada Weekly Rig Count Down 1 to 228

Western Canada’s fleet of drilling rigs increased to to a total of 228 according to data collected by Baker Hughes for the week of August 31st From one week ago, Alberta rig counts increased from 159 to 160. Saskatchewan’s rig count decreased from 49 to 48. Oil drilling went from 153 to 151; natural gas [Read More…]

Source: BOE Report

NRG Yield Announces Completion of New Sponsorship with Global Infrastructure Partners

Global Infrastructure Partners (GIP) Has Become NRG Yield’s Controlling Stockholder GIP Also Acquired NRG’s Renewables Platform In Connection with the Transaction, NRG Yield will Change its Name to Clearway Energy, Inc. and has Appointed Several New Directors and Officers The Company and GIP will Hold a Conference Call and Webcast at 8 a.m. Eastern Standard [Read More…]

Source: BOE Report

NRG Closes on Sale of its Interest in NRG Yield and the NRG Renewables Platform

PRINCETON, N.J.–(BUSINESS WIRE)–NRG Energy, Inc. (NYSE:NRG) has closed on the previously announced sale of its interest in NRG Yield and its Renewables platform (the “Transaction”) to Global Infrastructure Partners (“GIP”). The Transaction resulted in $1.348 billion in cash proceeds to NRG1 and removes $6.7 billion of debt from NRG’s balance sheet2. “The asset sales are [Read More…]

Source: BOE Report

Trans Mountain ruling increases uncertainty among resource industry groups

The Federal Court of Appeal’s ruling that consultations for the Trans Mountain project were inadequate has raised concerns from the resources industry about added uncertainty around the duty to consult Indigenous communities, though experts say the precedent adds further clarity to what it means to meaningfully engage. Thursday’s ruling found the federal government failed in [Read More…]

Source: BOE Report

Canadian Natural Resources Limited Announces Acquisition of 100% Working Interest in the Joslyn Oil Sands Project

CALGARY, Alberta, Aug. 31, 2018 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that it has entered into an agreement to acquire a 100% working interest in the Joslyn oil sands project for a total consideration of $100 million cash on closing and annual cash payments of $25 million over [Read More…]

Source: BOE Report

Greenfields Petroleum Corporation Announces Mailing of Meeting Materials and Details of Proposed Share Consolidation

HOUSTON, Aug. 31, 2018 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (the “Company” or “Greenfields”) (TSX VENTURE:GNF) is pleased to announce that it has mailed a management information circular (the “Circular”) to holders (“Shareholders”) of its common shares (“Shares”) in connection with a special meeting (the “Meeting”) of Shareholders to be held in the Company’s offices [Read More…]

Source: BOE Report