Having largely combined operations with Seven Generations Energy Ltd. to become Canada’s largest pure-play Montney producer and sixth biggest upstream oil and gas company, ARC Resources Ltd. plans to begin development of Attachie West Phase 1 later this year.
May 28, 2021, 8:22 AM MDT
Macro Enterprises Inc. has entered into a contract to construct the Deep Valley South Section and the Colt sections of the 2021 NGTL System expansion project.
May 19, 2021, 3:48 PM MDT
Tourmaline Oil Corp.’s full-year EP capital guidance has been increased to $1.19 billion from $1.075 billion following a spate of deals in the Montney.
May 18, 2021, 2:53 PM MDT
Topaz Energy Corp. announced definitive agreements with Tourmaline Oil Corp. for the purchase of gross overriding royalty interests on approximately 535,000 gross acres in the NEBC Montney and working interest ownership in Tourmaline's Gundy infrastructure which is supported by a 10-year fixed take-or-pay commitment, for total cash consideration of $245 million.
May 18, 2021, 3:13 PM MDT
Tidewater Midstream and Infrastructure Ltd. said it delivered a record quarter of EBITDA generation in the first three months of 2021 as the Prince George Refinery (PGR) and Pipestone gas plant continue to run at high utilization rates.
May 17, 2021, 12 AM MDT
Keyera Corp. preserved its strong financial position during the first quarter of 2021, maintaining $1.5 billion in available liquidity with minimal near-term debt maturities.
May 12, 2021, 10:27 AM MDT
NuVista Energy Ltd. commissioned the Pipestone North infrastructure project on March 15, 2021, ahead of schedule.
May 12, 2021, 6:43 AM MDT
Given the improvement in commodity prices and the expectation of a post-pandemic economic recovery, Pembina Pipeline Corporation said it anticipates a return to its traditional growth trajectory by 2022.
May 7, 2021, 1:39 PM MDT
During the first quarter of 2021, Topaz Energy Corp. continued to execute its growth strategy, investing $144 million to acquire 765,000 gross acres of high margin gross overriding royalty interests in the Deep Basin and Clearwater areas of Alberta.
May 7, 2021, 5:43 AM MDT
Construction of Inter Pipeline Ltd.’s $4.2 billion Heartland Petrochemical Complex (HPC) is nearing completion, and as it moves towards first production in early 2022 all the commercial agreements needed to make the project successful are falling into place, Christian Bayle, president and chief executive officer, told analysts at the company’s first quarter conference call.
May 7, 2021, 1:51 PM MDT
Inter Pipeline Ltd. reported net income of $128 million in the first quarter of 2021, a 43 per cent increase over the first quarter of 2020, driven largely by strong performance in its new transportation and marketing segments.
May 7, 2021, 8:10 AM MDT
Enerflex Ltd.’s focus on supporting the market with greenhouse gas reduction technology and infrastructure development is attracting support from new and current customers, says Marc Rossiter, chief executive officer.
May 6, 2021, 10:27 AM MDT
Gibson Energy Inc. reported a “solid start” to 2021, with strong financial results, commercial advancements, and development of its environmental, social and governance (ESG) and sustainability practices.
May 4, 2021, 11:06 AM MDT
Topaz Energy Corp. has entered into a definitive agreement with Reserve Royalty Income Trust for the purchase of subsidiaries which hold all of the Reserve Royalty assets for $26 million, payable through the issuance of 1.8 million Topaz shares.
May 3, 2021, 6:35 AM MDT
Global exports contributed $70 million in normalized EBITDA for AltaGas Ltd. during the quarter, driven by 85,000 bbls/d of LPGs being shipped to Asia.
April 29, 2021, 6 AM MDT
April 28, 2021, 10:51 AM MDT
In the massive global movement toward decarbonization, carbon capture and storage (CCS) and more recently carbon capture, utilization and storage (CCUS) are increasingly being looked to as a means of addressing fossil fuel emissions.
April 27, 2021, 8:50 AM MDT
AltaGas Ltd. sold its U.S. transportation and storage business to an entity owned by Six One Commodities LLC and Vega Energy Partners, Ltd. for total cash proceeds of $344 million (US$275 million).
April 26, 2021, 12 AM MDT
Inter Pipeline Ltd. says that the Heartland Petrochemical Complex (HPC) partnering process remains active and is expected to conclude in the first half of 2021.
April 22, 2021, 7:37 AM MDT
Topaz Energy Corp. has entered into a non-binding agreement with Tamarack Valley Energy Ltd. for the purchase of a newly created gross overriding royalty interest in the Peace River High area of Alberta for total purchase consideration of $32 million.
April 12, 2021, 6:36 AM MDT
Environmental, social and governance (ESG) performance targets are not merely aspirational for Enbridge Inc.
April 9, 2021, 8:18 AM MDT
With abundant spare land capacity at its Edmonton Terminal site, Gibson Energy Inc. is in a great position to expand its tankage to meet the demands of companies that have allocated space on the Trans Mountain pipeline expansion, says president and CEO Steve Spaulding.
April 9, 2021, 11:17 AM MDT
A material increase in counterparty credit exposure is one benefit for midstream companies from consolidation in the upstream oil and gas space, says James Harbilas, executive vice-president and chief financial officer, AltaGas Ltd.
April 8, 2021, 6:23 AM MDT
Inter Pipeline Ltd. will report first quarter 2021 operating and financial results under a new business structure to align with how it manages budgets and commercially operates its business.
April 8, 2021, 6:58 AM MDT
Gibson Energy Inc. announced a long-term agreement with Suncor Energy Inc. for services at the company’s Edmonton Terminal and the related sanction of an expansion to support the blending and loading of third-party biofuels for Suncor.
March 31, 2021, 6:13 AM MDT