Kelt Exploration Ltd. announced an initial capital expenditure budget of $310.0 million for 2023.
November 10, 2022, 8:52 AM MST
Strong performance from its Prince George refinery and greater contributions from the Tidewater Renewables Ltd. business resulted in increased earnings for Tidewater Midstream and Infrastructure Ltd. in the third quarter of 2022.
November 10, 2022, 7:53 AM MST
As of the end of October, Keyera Corp. said that the Key Access Pipeline System (KAPS) is 90 per cent complete with $850 million (net to Keyera) spent to date.
November 9, 2022, 12 AM MST
In the third quarter, Keyera Corp. added 20 mmcf/d of capacity at its Pipestone gas plant by relicensing the facility to 220 mmcf/d.
November 9, 2022, 12 AM MST
Pembina Pipeline Corporation plans on using any excess cash flow generated in the next year to reload its balance sheet in anticipation of funding a long list of potential growth opportunities worth up to $4 billion, company executives told analysts at its third quarter conference call.
November 7, 2022, 12 AM MST
Pembina Pipeline Corporation reported earnings of $1.83 billion in the third quarter 2022 driven by a $1.1 billion gain on the sale of assets related to the formation of the new Pembina Gas Infrastructure Inc. joint venture with partner KKR.
November 4, 2022, 8:56 AM MDT
Gibson Energy Inc. is looking to grow its core liquids infrastructure business and build out new energy transition operations as alternative fuel production expands, but any opportunities will have to fit within its current investment parameters, president and chief executive officer Steve Spaulding said at the company’s third quarter conference call Tuesday.
November 1, 2022, 10:10 AM MDT
Topaz Energy Corp.’s Q3 2022 average royalty production of 16,485 boe/d decreased one per cent from Q2 2022 (16,676 boe/d) due to planned and unplanned maintenance activities that limited certain natural gas (and natural gas liquids) processing capability.
November 1, 2022, 2:34 PM MDT
High transportation costs, combined with weakness in butane prices, sunk AltaGas Ltd.’s midstream profitability in the third quarter of 2022.
October 31, 2022, 6 AM MDT
Higher transport costs, combined with oil and natural gas liquids pricing volatility, resulted in lower income for AltaGas Ltd.’s midstream business in the third quarter of 2022, the company reported on Friday.
October 28, 2022, 6:43 AM MDT
CSV Midstream Solutions Corp. has reached a final investment decision to proceed with its Albright Sour Gas Processing Facility to be constructed near Grande Prairie, Alta.
October 25, 2022, 6:23 AM MDT
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 Energy Ltd. has closed the purchase of the Chauvin oil pool and Hardisty Midstream and Marketing business.
September 29, 2022, 1:52 PM MDT
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 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
September 6, 2022, 3:14 PM MDT
September 6, 2022, 10:16 AM MDT
Gibson Energy Inc. announced today the renewal of its normal course issuer bid.
August 29, 2022, 8:05 AM MDT
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 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 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 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 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, 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
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
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