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Search resuls for: "Sourasis Bose Rod Nickel"


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☆ Canada's Enbridge reaches Mainline toll agreement with oil shippers
  + stars: | 2023-05-04 | by ( Sourasis Bose Rod Nickel | Sourasis Bose | Rod Nickel | ) www.reuters.com   time to read: +2 min
May 4 (Reuters) - Canada's Enbridge Inc (ENB.TO) said on Thursday it has reached a 7-1/2-year toll agreement with oil shippers for its Mainline crude pipeline system, one of North America's biggest, after scrapping earlier plans for long-term contracts. The agreement means that, if approved, Enbridge would continue to ration space on a monthly basis. Enbridge spent years trying to convince shippers and then the Canada Energy Regulator (CER) to sell space on the Mainline under long-term contracts. Some Canadian oil producers objected, while companies with refineries were in favor of contracts. The new agreement covers 70% of Mainline deliveries, with the remaining 30% covered by a pre-existing agreement.
☆ Canada's Crescent Point to buy Spartan Delta assets for $1.2 bln to boost Montney presence
  + stars: | 2023-03-28 | by ( Sourasis Bose Rod Nickel | Sourasis Bose | Rod Nickel | ) www.reuters.com   time to read: +2 min
March 28 (Reuters) - Canada's Crescent Point Energy Corp (CPG.TO) said on Tuesday it would acquire Spartan Delta Corp's (SDE.TO) oil and gas assets in Alberta's Montney region for C$1.7 billion ($1.24 billion). Crescent Point shares dipped 0.7% in Toronto, while Spartan stock gained nearly 8%. Crescent Point said it is looking to reduce net debt by about C$1 billion over the next 12 months and may also sell assets. Crescent Point also produces oil in the province of Saskatchewan. Crescent Point raised its production outlook to 160,000 to 166,000 boepd from the earlier forecast of 138,000 to 142,000 boepd.
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