Midstream

  • Topaz Closes Clearwater Royalty Acquisition

    Topaz Energy Corp. has completed the acquisition of a newly-created five per cent gross overriding royalty interest on Deltastream Energy Corporation's entire Clearwater acreage in Alberta, for total cash consideration of $265.3 million, before customary closing adjustments.

    October 3, 2022, 6:30 AM MDT

  • Teine Closes Asset Acquisition

    Teine Energy Ltd. has closed the purchase of the Chauvin oil pool and Hardisty Midstream and Marketing business.

    September 29, 2022, 1:52 PM MDT

  • CER Confirms Sale Of Four Pipelines From Cenovus To CNRL

    The Commission of the Canada Energy Regulator (CER) has received a letter dated March 14, 2022 confirming the completion of a transaction whereby Cenovus Energy Inc. sold the following four pipelines to Canadian Natural Resources Limited.

    September 16, 2022, 9:54 AM MDT

  • Obsidian In $30.0 Million Term Loan Repayment

    Obsidian Energy Ltd. announced the full repayment of the $30.0 million non-revolving term loan from free cash flow from operations.

    September 13, 2022, 5:57 AM MDT

  • EQT To Buy Peer THQ Appalachia For $5.2B

    September 6, 2022, 3:14 PM MDT

  • EQT Nears Deal To Buy Appalachia Producer, Midstream Assets

    September 6, 2022, 10:16 AM MDT

  • Gibson Announces Renewal Of NCIB

    Gibson Energy Inc. announced today the renewal of its normal course issuer bid.

    August 29, 2022, 8:05 AM MDT

  • AltaGas Announces Intention To Redeem All Outstanding Series C Preferred Shares

    AltaGas Ltd. announced its intention to redeem — in accordance with the terms of the cumulative redeemable five-year rate reset preferred shares, Series C  as set out in the company's articles — all of its 8 million issued and outstanding Series C shares on Sept. 30, 2022 for a redemption price equal to US$25.00 per Series C share, together with all accrued and unpaid dividends to, but excluding, the redemption date, less any tax required to be deducted or withheld by the company.

    August 22, 2022, 8:22 AM MDT

  • Keyera And CN To Evaluate Clean Energy Terminal Solution In The Alberta Industrial Heartland

    Keyera Corp. and Canadian National Railway Company signed a memorandum of understanding that will leverage their joint expertise to evaluate the creation of a specialized clean energy terminal in Alberta's Industrial Heartland.

    August 17, 2022, 5:10 AM MDT

  • AltaGas Closes Hybrid Note Offering

    AltaGas Ltd. has closed its previously announced offering of $250 million of 7.35 per cent fixed-to-fixed rate subordinated notes, Series 2 due Aug. 17, 2082.

    August 17, 2022, 7:39 AM MDT

  • Pembina Pipeline Closes KKR Deal; Announces Creation Of Pembina Gas Infrastructure

    Pembina Pipeline Corporation has completed its previously announced joint venture transaction with KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity, Pembina Gas Infrastructure Inc. (PGI).

    August 16, 2022, 12 AM MDT

  • Tidewater Midstream Closes Unit Financing And Refinancing Plan

    Tidewater Midstream and Infrastructure Ltd. closed its refinancing plan, consisting of a $130 million increase in the size of its senior credit facility to $550 million and an approximately $92.5 million equity offering, fully funding the redemption of its $125 million senior unsecured notes due Dec. 19, 2022 and repayment of its $20 million second lien term loan due Oct. 31, 2022.‎

    August 16, 2022, 8:54 AM MDT

  • Plains Midstream Canada Pursuing Fort Saskatchewan Facility Expansion

    Plains Midstream Canada, a subsidiary of Plains All American, is exploring the expansion of its Fort Saskatchewan facility with strategic partners.

    August 16, 2022, 2:30 PM MDT

  • Refining Margins Drive Tidewater Midstream Second Quarter Performance

    Strong realized refining margins from Tidewater Midstream and Infrastructure Ltd.’s Prince George refinery contributed to consolidated net income of $18.8 million and adjusted EBITDA of $69.9 million in the second quarter of 2022. Adjusted EBITDA grew by approximately 34 per cent compared to the same period in the prior year, reported the company.

    August 11, 2022, 8:25 AM MDT

  • Keyera Posts Upswing In Processing Throughput In Q2

    The second quarter of 2022 saw Keyera Corp. grow processing throughput in both its gathering and processing and liquids infrastructure segments year-over-year.

    August 5, 2022, 7:03 AM MDT

  • Keyera CEO: KAPS Confidence Increasing, Lauds Competition Bureau Decision

    Weather-related limitations to productivity have played a role in cost estimates around the Key Access Pipeline System (KAPS) rising to about $900 million net to Keyera Corp., from a range of $800 million to $880 million.

    August 5, 2022, 11:30 AM MDT

  • Inflation, Weather Drive Increase In KAPS Cost: Keyera

    The Key Access Pipeline System (KAPS) is now over 70 per cent complete and the project is estimated to cost approximately $900 million, net to Keyera Corp. (previously $800 million to $880 million).

    August 4, 2022, 12 AM MDT

  • Pembina In Long-Term Agreement With Tourmaline

    Pembina Pipeline Corporation has now executed the previously referenced long-term agreements with a third leading northeast B.C. Montney producer, Tourmaline Oil Corp., which include the commitment of significant volumes from another multi-phase NEBC Montney development.

    August 4, 2022, 3:22 PM MDT

  • Energy Transfer Says Transportation Volumes Up In Q2, Capacity Expanding

    August 4, 2022, 12 AM MDT

  • AltaGas In $250 Million Hybrid Note Offering

    AltaGas Ltd. has priced an offering of $250 million of 7.35 per cent fixed-to-fixed rate subordinated notes, Series 2 due Aug. 17, 2082.

    August 4, 2022, 8:02 AM MDT

  • Gibson Confident In Future Edmonton Terminal Projects

    The development of the Trans Mountain expansion project gives Gibson Energy Inc.’s executive management optimism about future development at its Edmonton Terminal, but prospective customers are citing “clear visibility” on a pipeline in-service date as an important factor being weighed in their investment decisions.

    August 3, 2022, 9:01 AM MDT

  • AltaGas Announces Consideration Of Hybrid Subordinated Debt Securities Offering

    AltaGas Ltd. is considering an offering of hybrid subordinated debt securities under its short form base shelf prospectus dated Feb. 22, 2021.

    August 3, 2022, 9:22 AM MDT

  • Tidewater Midstream Announces Exercise Of Over-Allotment Option

    Tidewater Midstream and Infrastructure Ltd. announced that its syndicate of underwriters led by CIBC Capital Markets, National Bank Financial, RBC Capital Markets and ATB Capital Markets Inc. have fully exercised their over-allotment option to acquire an additional 6.31 million units at a price of $1.20 per unit for additional gross proceeds of $7.57 million. 

    August 3, 2022, 5:12 AM MDT

  • Gibson Revenue Surges For Q2

    Gibson Energy Inc. reported  revenue of $3.2 billion in the second quarter, a $1.52 billion or 91 per cent increase over the second quarter of 2021, a result of higher commodity prices increasing contribution from the Marketing segment.

    August 2, 2022, 2:30 PM MDT

  • AltaGas Sets New Global Exports Volume Record For LPGs

    AltaGas Ltd. exported a new Global Exports volume record of 110,845 bbls/d of cleaner burning LPGs to Asia in the second quarter of 2022, compared to 90,106 bbls/d for the same period in 2021.

    July 28, 2022, 10:17 AM MDT

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