Canadian Trans Mountain Corp. will expand the Trans Mountain pipeline to bring more crude oil to the Pacific coast from Alberta with the help of C$10 billion in financing.
Here’s a snapshot of recent energy deals including the closing of PDC Energy’s $1.3 billion acquisition of private D-J Basin operator Great Western Petroleum plus the formation of a $1.1 billion renewable natural gas joint venture.
The Alberta Court of Appeal said the Impact Assessment Act (IAA), which assesses how major infrastructure projects in Canada like pipelines impact the environment, was a “classic example of legislative creep.”
Ottawa has held talks with European countries about ways to boost energy exports to the continent. However, Canada does not have any East Coast LNG facilities and only one under construction on its west coast.
The $300 million commitment announced May 3 is the fourth EnCap Flatrock growth equity commitment to Rangeland Energy companies, bringing the total to $900 million since Rangeland’s formation.
Enbridge supplies about 2 Bcf/d of gas to four LNG plants on the Gulf Coast and CEO Al Monaco said on a recent earnings call the company has inked agreements to supply three more Gulf Coast projects that could add up to 7 Bcf/d of gas.
Oxy Low Carbon Ventures and Wolf Midstream also plan sequestration operations in this roundup of the latest carbon management projects.
Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.
Patterson-UTI Energy may hire another 3,000 workers this year after hiring back 3,000 in 2021, and even has recruiters set up at a shopping mall in Williston, North Dakota, to find potential workers.
The Calgary, Alberta-based company said increasing U.S. LNG exports and a focus on global energy security were creating new opportunities. Around a quarter of U.S. LNG export volumes travel through TC Energy’s gas pipelines.