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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 […]

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 […]

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