Sunday, August 16, 2026

Strategic Oil & Gas Ltd. Increases Reserves by 53% and Announces Share Consolidation

  Strategic Oil & Gas Ltd. (ticker: SOG) announced a 53% increase in proved and probable reserves to 19.6 MMboe at year-end 2016. In 2016 the company invested $29.3 million in capital expenditures in drilling four delineation and four production wells at Marlowe. The invested capital added 7.5 MMboe of proved and probable reserves at a finding and development cost

Enbridge and Spectra Energy Complete Merger

Enbridge Inc. (ticker: ENB) announced the completion today of the previously announced stock-for-stock merger transaction to acquire all of the outstanding common stock of Spectra Energy Corp. Trading in shares of Spectra Energy common stock on the New York Stock Exchange will be suspended effective as of the opening of trading today. In connection with the completion of the merger,

Saudi Aramco to invest $7 billion in Malaysian Oil Refinery

From Reuters Malaysia’s Prime Minister Najib Razak announced on Monday that Saudi Arabia’s state oil company Saudi Aramco will invest $7 billion  into an oil refinery and petrochemical project in Malaysia’s southern state of Johor. Najib said the decision was made before noon on Monday after discussions between top executives from Saudi Aramco and Malaysia’s state-owned energy company Petroliam Nasional