Pieridae Energy Ltd. has agreed to acquire Ikkuma Resources Corp. in an exchange of stock estimated in value at $94 million (Can.). Both companies are based in Calgary. Source: News
Court approves Connacher Oil & Gas sale
The acquisition of bankrupt Connacher Oil & Gas by East River Oil & Gas has received court approval. Connacher on Aug. 2 had named the subsidiary of Changchun Sinoenergy Corp. of China as successful bidder in its investment solicitation under the Companies’ Creditors Arrangement Act. Source: News
MARKET WATCH: Brent oil price gains more than $1/bbl
Brent crude oil for October and November gained more $1/bbl on Aug. 24. Light, sweet crude oil for October delivery rose nearly 90¢/bbl to end a week that marked the US benchmark’s best week for price increases since June. Source: News
‘Premature death,’ unexplained, skews policy discussion
Deliberation of environmental policy would profit from an end to banter about “premature death.” Source: News
Enbridge acquires all outstanding shares of Spectra’s MLP
Enbridge Inc. and Spectra Energy Partners LP (SEP) have entered into a definitive agreement under which Enbridge will acquire all outstanding public common units of SEP at a ratio of 1.111 common shares of Enbridge for each common unit of SEP. Source: News
Baker Hughes: US rig count down 13 to 1,044
The US drilling rig count dropped 13 rigs to 1,044 units working for the week ended Aug. 24, according to Baker Hughes data. The count is up 104 units from this time a year ago when the count stood at 940. Source: News
EWC recommissions Queensland gas fields
Energy World Corp. Ltd., Hong Kong, has finalized an agreement with the Australian government under which the government will provide as much as $2 million (Aus.) in funding to be used to accelerate the recommissioning of two gas fields in southwest Queensland. Source: News
SandRidge, Advantage Midstream enter Niobrara gas processing deal
SandRidge Energy Inc., Oklahoma City, has let a contract to Advantage Midstream LLC, Dallas, to build and operate a natural gas refrigeration plant and provide gas processing services for acreage in the North Park basin, Jackson County, Colo. Source: News
WTG Gas Processing to expand Permian processing
WTG South Permian Midstream LLC, a subsidiary of WTG Gas Processing LP, Midland, Tex., is planning to build a 200-MMcfd cryogenic natural gas processing plant near Saint Lawrence in Glasscock County, Tex. Source: News
NPD grants Mol Norge drilling permit in the North Sea
The Norwegian Petroleum Directorate granted Mol Norge AS a drilling permit in the North Sea for well 2/6-6 S, which will be drilled by Rowan Cos.’ Rowan Viking N-class jack up drilling rig. Source: News