Canada
Policy & Regulations , Pipelines
Enbridge Briefly Shut Line 5 after Protesters Tampered with Pipeline
Line 5 is at the center of a long-running environmental dispute between Calgary, Alberta-based Enbridge and the state of Michigan that has embroiled the Canadian and U.S. governments.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 20, 2021
Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 13, 2021
Here’s a snapshot of recent energy deals including Comstock Resources’ Bakken exit in a $154 million sale plus the $419 million cash acquisition of Tapstone Energy and SilverBow’s largest acquisition to date.
Investment , Emissions , Energy Transition , Midstream
TC Energy Partnership to Develop Clean Hydrogen Hubs Across US, Canada
A key objective of TC Energy’s collaboration with U.S.-based electric truck maker Nikola Corp. is to establish hubs producing 150 tonnes or more of hydrogen per day near highly traveled truck corridors.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 6, 2021
Here’s a snapshot of recent energy deals including the closing of the $9.25 billion all-stock merger of Cabot Oil & Gas and Cimarex Energy forming Coterra plus a Midland Basin bolt-on acquisition by Earthstone Energy.
Infrastructure , Midstream
Canada Invokes 1977 Pipeline Treaty with US over Line 5 Dispute
Line 5 is governed by a provisions of the agreement guaranteeing uninterrupted transit of light crude oil and NGL between the two countries, Canada’s Foreign Affairs Minister Marc Garneau said in a statement.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Sept. 29, 2021
Here’s a snapshot of recent energy deals including the closing of Whiting Petroleum’s D-J Basin exit plus the sale of ConocoPhillips’ stake in a Vaca Muerta Shale project.
Pipelines
Enbridge's Line 3 Pipeline Replacement Complete, Service to Begin on Oct. 1
Enbridge Inc. said on Sept. 29 its Line 3 pipeline would be operational from Oct. 1, marking the completion of a long-delayed replacement project that would increase the capacity of crude deliveries from Canada to U.S. refineries.
Business , Acquisitions & Divestitures , Trends
Oil Surge Gives PE Opportunity to Exit Stranded Canadian Energy Firms
Buyout firms have sold around $2.6 billion worth of Canadian oil and gas producers so far this year, the highest level since at least 2010, according to IHS Markit.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Sept. 22, 2021
Here’s a snapshot of recent energy deals including Shell’s U.S. shale exit through the $9.5 billion cash sale of its Permian Basin position to ConocoPhillips.