Vermilion Energy to Acquire Canada's Westbrick for $745MM
Canada’s Vermilion Energy Inc. has entered into an agreement to acquire...
Canada’s Vermilion Energy Inc. has entered into an agreement to acquire gas-heavy production and assets from privately held Westbrick Energy Ltd. for CA$1.075 billion ($US746 million), Vermilion said Dec. 23.
Vermilion said it will acquire Calgary, Alberta-based Westbrick’s portfolio of Alberta Deep Basin assets, including more than 700 drilling locations and 50,000 boe/d (75% gas, 25% liquids) and four operated gas plants with 102 MMcf/d of capacity.
Vermilion will acquire 770,000 net acres of land, although the deal excludes undeveloped Duvernay rights on approximately 290,000 net acres retained by Westbrick shareholders.
An assailant rammed a car into a crowded Christmas market in Germany on Friday, killing at least five people and wounding at least 200 others. The detained suspect—a 50-year-old Saudi doctor—was known to accuse the German government of prioritizing Muslim immigrants over secular ones; police have not identified a motive.
The attack occurred in the central German city of Magdeburg, nearly 80 miles west of Berlin. Shortly after 7 pm local time, the driver maneuvered a rented car through a gap in the security barriers before accelerating through the crowded market. The assault lasted three minutes. Police arrested the driver at a streetcar stop as he tried to drive away from the square.
The Magdeburg attack is the latest in a string of deadly car-ramming assaults over the past decade. See a list here.
Major League Baseball legend Rickey Henderson died Friday at age 65. Known as the "Man of Steal," the Hall of Famer holds the all-time stolen base record with 1,406 and runs scored with 2,295, and was widely considered the greatest leadoff hitter in baseball history.
Inventions and innovations from 2024
Whether it’s a computer you wear on your face or a more sustainable material for clothes, these products are expanding humanity’s toolkit:
Chevron signs 20-year LNG deal with Energy Transfer
Energy Transfer has reached...
Energy Transfer has reached an agreement to supply Chevron with 2.2 million short tons per year of liquefied natural gas from its planned Lake Charles facility in Louisiana for 20 years. Energy Transfer also has agreements with EQT and Shell, but it has not yet received an export license from the Energy Department.
US oil exports to Europe seen slowing after Nov. record
US crude oil exports to Europe hit a record 771,000 barrels per day in...
US crude oil exports to Europe hit a record 771,000 barrels per day in November, Kpler data show, but rising freight costs, shrinking US inventories and a narrowing WTI-Brent price spread will likely curb flows in January. Freight rates for the US Gulf Coast to northwest Europe route have more than tripled since November to roughly $3.80 per barrel this month, according to Argus data.
