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Headwater Exploration acquires Cenovus’ Marten Hills oil assets for $78m

Headwater Exploration acquires Cenovus’ Marten Hills oil assets for $78m

Cenovus Energy has completed the previously announced CAD100 million ($78.2 million) sale of its Marten Hills oil assets in Alberta, Canada to rival Canadian oil and gas company Headwater Exploration. As per the deal announced last month, Headwater Exploration paid Cenovus Energy CAD35 million in cash, while issuing 50 million of its common shares plus […]

Keystone XL pipeline project : Natural Law Energy to acquire 12% stake for $763m

Keystone XL pipeline project : Natural Law Energy to acquire 12% stake for $763m

Natural Law Energy (NLE) has agreed to acquire a stake of 12% in the $8 billion Keystone XL pipeline project from TC Energy for CAD 1 billion ($763.7 million). The deal follows a memorandum of understanding (MOU) signed by the parties in September 2020 to allow Natural Law Energy to invest in the pipeline project as […]

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 […]

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 […]

Amii, Imperial to evaluate artificial intelligence for oil and gas recovery

Amii, Imperial to evaluate artificial intelligence for oil and gas recovery

The Alberta Machine Intelligence Institute (Amii) has signed a two-year agreement with Imperial to collaborate on the development of the latter’s in-house machine learning capabilities, which is expected to pave way for a variety of applied artificial intelligence (AI) projects. Through the AI projects, Imperial plans to work to develop more effective methods for recovery […]