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Africa Oil secures license extension for Kenyan blocks

Africa Oil secures license extension for Kenyan blocks

Africa Oil, a Canadian oil and gas company, has secured license extension from the Kenyan government for Blocks 10BB and 13T. As per the terms of the extension, the joint venture partners, which includes Tullow Oil, hold the right to extend the second exploration period for the 10BB and 13T licence blocks until 31 December […]

Whitecap Resources to acquire NAL Resources from Manulife Financial

Whitecap Resources to acquire NAL Resources from Manulife Financial

Whitecap Resources has signed an all-stock deal worth around CAD155 million ($118.6 million) to acquire rival Canadian oil and gas company NAL Resources from a fully-owned subsidiary of Manulife Financial. NAL Resources has oil and gas assets across Alberta and Saskatchewan and is presently producing nearly 27,000 boe/d, of which 55% is oil and natural […]

WEF merges Cona Resources, Strath Resources to form Strathcona Resources

WEF merges Cona Resources, Strath Resources to form Strathcona Resources

Waterous Energy Fund (WEF), a Canadian energy investment firm, announced that a couple of its portfolio companies – Cona Resources and Strath Resources have merged to create Strathcona Resources, an oil-weighted producer in North America. Based in Calgary, Canada, Strath Resources is focused on developing its core oil and natural gas asset in the Kakwa […]

Trans Mountain Expansion Project : McDermott wins storage tanks contract

Trans Mountain Expansion Project : McDermott wins storage tanks contract

McDermott International said that its subsidiary CB&I Storage Solutions has won a contract from a major EPC contractor for the engineering, procurement, fabrication, and construction (EPFC) of 14 oil storage tanks as part of the Trans Mountain Expansion Project in Burnaby, British Columbia. McDermott did not reveal the contract value but indicated them to be […]

Tidewater, TransAlta to offload Pioneer Pipeline to NGTL for $187m

Tidewater, TransAlta to offload Pioneer Pipeline to NGTL for $187m

Tidewater Midstream and Infrastructure and its partner TransAlta have agreed to sell the Pioneer Pipeline to NOVA Gas Transmission (NGTL), a fully-owned subsidiary of TC Energy, for CAD255 million ($187.37 million). The Pioneer Pipeline is a 20 inch, 120 kilometer-long pipeline that connects the Brazeau River Complex of Tidewater to TransAlta’s generating units at Keephills […]

Cryopeak breaks ground on new LNG production plant in Fort Nelson, BC

Cryopeak breaks ground on new LNG production plant in Fort Nelson, BC

Cryopeak LNG Solutions has begun construction on a new liquefied natural gas production facility (LNG production plant) in Fort Nelson, British Columbia, Canada. The LNG production plant is expected to produce up to about 90,000 gallons of LNG per day. Cryopeak LNG Solutions claims it to be the first 100% funded and permitted LNG production […]

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 […]

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