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TC Energy’s NGTL to acquire Pioneer Pipeline from Tidewater and TransAlta

TC Energy’s NGTL to acquire Pioneer Pipeline from Tidewater and TransAlta

NGTL acquisition of Pioneer Pipeline : NOVA Gas Transmission Limited (NGTL), a fully-owned subsidiary of TC Energy is set to acquire the Pioneer Pipeline, a 131km long natural gas pipeline in Alberta, Canada for CAD255 million ($183.45 million). In this connection, NGTL has signed a letter of intent with Tidewater Midstream and Infrastructure and TransAlta […]

International Petroleum Corp. acquires Granite Oil Corp for $59m

International Petroleum Corp. acquires Granite Oil Corp for $59m

International Petroleum Corp. (IPC), a member of the Lundin Group of Companies, has wrapped up its previously announced $59 million acquisition of Granite Oil Corp, a Canadian oil and gas company engaged in light oil production in southern Alberta. Through the acquisition, International Petroleum Corp. gains access to total proved plus probable (2P) reserves of […]

2023 NGTL Intra-Basin System Expansion and Alberta XPress project and approved by TC Energy

2023 NGTL Intra-Basin System Expansion and Alberta XPress project and approved by TC Energy

TC Energy has approved the 2023 NGTL Intra-Basin System Expansion and the Alberta XPress project on its 100% owned natural gas pipeline systems with a combined investment of $1.3 billion. The 2023 NGTL Intra-Basin System Expansion is being taken up with an investment of $900 million for supplying natural gas produced in the Western Canadian […]

Shell, Valent invest in FORGE’s biofuel production plant in Sombra

Shell, Valent invest in FORGE’s biofuel production plant in Sombra

FORGE Hydrocarbons, a University of Alberta spin-off company, has secured equity investment from Shell Ventures and a follow-on contribution from Valent Low-Carbon Technologies to help develop a CAD$30 million commercial-scale, biofuel production plant in Sombra, Ontario. Shell Ventures has now joined the funders and collaborators of FORGE Hydrocarbons, which includes World Energy, Lockheed Martin, Sustainable […]

Parkland Fuel acquires petroleum marketer Kellerstrass Oil

Parkland Fuel acquires petroleum marketer Kellerstrass Oil

Parkland Fuel Corporation has wrapped up its previously announced acquisition of Utah-based regional retail dealer and commercial fuel business Kellerstrass Oil Company. The Canadian independent fuel retailing company signed the deal last month through its fully owned US subsidiaries (collectively, called Parkland USA) to acquire the US petroleum marketer. Financial terms of the deal were […]

Enbridge Gas commissions Kingsville Transmission Reinforcement Pipeline

Enbridge Gas commissions Kingsville Transmission Reinforcement Pipeline

Enbridge Gas, a Canadian natural gas storage, transmission and distribution company, has commissioned the CAD105.7 million ($80.79 million) Kingsville Transmission Reinforcement Pipeline in Essex County, Ontario. The pipeline project was taken up to meet the increasing demand for natural gas in Southwestern Ontario, covering the Windsor-Essex and Chatham-Kent and neighboring areas that include the greenhouse […]

Coastal GasLink Pipeline Project : KKR, AIMCo to buy 65% stake from TC Energy

Coastal GasLink Pipeline Project : KKR, AIMCo to buy 65% stake from TC Energy

KKR and Alberta Investment Management Corporation (AIMCo) have agreed to acquire a 65% stake in the Coastal GasLink Pipeline Project, 670km long natural gas pipeline project in Canada, from TC Energy (formerly TransCanada). The Coastal GasLink Pipeline and associated facilities are estimated to cost CAD 6.6 billion. The pipeline, which will initially have a capacity […]

Marten Hills Pipeline System : Rangeland Midstream begins construction

Marten Hills Pipeline System : Rangeland Midstream begins construction

Rangeland Midstream Canada, a subsidiary of Rangeland Energy III,  has started the construction of the Marten Hills Pipeline System in Alberta, Canada. The Marten Hills Pipeline System, which is located in the Marten Hills region of north-central Alberta, comprises new crude oil and condensate pipelines. The pipeline system will extend nearly 85km, ending at an […]

Nig Creek Gas Processing Facility inaugurated by Black Swan Energy

Nig Creek Gas Processing Facility inaugurated by Black Swan Energy

Canadian energy company Black Swan Energy has officially inaugurated the 100 MMcf/d Nig Creek Gas Processing Facility located in the Montney area in northeast British Columbia. The Nig Creek Gas Processing Facility with an expansion possibility by over 80 MMcf/d will supply gas through pipelines to various markets in North America and export the associated […]

Husky Energy to sell Prince George oil refinery to Tidewater Midstream

Husky Energy to sell Prince George oil refinery to Tidewater Midstream

Prince George Refinery sale : Husky Energy has agreed to sell its Prince George oil refinery in British Columbia, Canada to Tidewater Midstream and Infrastructure in a deal worth up to CAD 275 million. The consideration for the Prince George Refinery sale includes CAD 215 million in cash along with closing adjustment for inventory, and a […]

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