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
Topaz Energy Corp. is “still seeing a tremendous amount of opportunity, and we’re looking for a tremendous amount of opportunity,” on the deal front, its top executive said this morning.
March 18, 2021, 9:51 AM MDT
Tourmaline Oil Corp.’s midstream spin-out Topaz Energy Corp. plans to spend $1 million-$2 million in 2021, excluding acquisitions.
March 18, 2021, 7:08 AM MDT
Inter Pipeline Ltd. board chair Richard Shaw has retired and will be replaced by Margaret McKenzie.
March 18, 2021, 2:53 PM MDT
AltaGas Ltd. has completed its issue of $350 million of senior unsecured medium term notes with a coupon rate of 1.227 per cent, maturing on March 18, 2024 and $200 million of senior unsecured medium term notes with a coupon rate of 2.166 per cent, maturing on March 16, 2027.
March 16, 2021, 7:27 AM MDT
Tidewater Midstream and Infrastructure Ltd.’s focus over the next 12 months is to employ the related cash flow generated from its 2019 large, completed capital projects and Prince George Refinery (PGR), as well as proceeds from the Pioneer transaction, towards deleveraging.
March 12, 2021, 12 AM MST
Kinder Morgan, Inc. has formed a new energy transition ventures group to identify, analyze and pursue commercial opportunities emerging from the low-carbon energy transition.
March 12, 2021, 11:11 AM MST
AltaGas Ltd. has agreed to issue $350 million of senior unsecured medium term notes with a coupon rate of 1.227 per cent, maturing on March 18, 2024 and $200 million of senior unsecured medium term notes with a coupon rate of 2.166 per cent, maturing on March 16, 2027.
March 12, 2021, 3:30 AM MST
Pipestone Energy Corp. has modified its three-year development plan to reflect the improvements in WTI futures prices and a stronger medium-term fundamental outlook for crude oil, including jump in expected spending for 2021.
March 11, 2021, 6:36 AM MST