Royal Bank of Canada has acquired the Athena Energy Group, a natural gas supplier in Quebec. The acquisition expands RBC Capital Markets’ existing business, which offers structured pricing for natural gas supply, from Ontario into Quebec.

Allegro Development Corp., a provider of energy trading and risk management (ETRM) software, has appointed Steven Ferrigno as managing director of Europe, the Middle East and Africa (EMEA); and Mark Weaser as managing director of Asia-Pacific (APAC).

Ag Energy Co-operative Ltd., Ontario’s largest agricultural energy co-operative, has chosen RiskAdvisory’s SAS BookRunner v12 commodity trading and risk management (CTRM) software solution to expand its analytics, reporting and credit risk management capabilities.

United Against Nuclear Iran (UANI) has called on South African energy giant Sasol to immediately declare an end to its business in Iran and take the steps necessary to complete such an exit. The statement was issued on Jan. 4.

The values of the crude-to-gas ratio and the frac spread have fallen 50% from their highs this year. Today we ask whether the frac spread will continue its fall next year and beyond.

Calgary-based CEC North Star Energy Ltd., a private heavy oil company with substantial oil sands lease holdings in the Peace River block of northern Alberta, has updated the findings of its geological analysis and is continuing to de-risk the project.