Dividends Declared in the Months of May, June 2025
As companies gear up to report on second-quarter earnings, here is a compilation of dividends declared in the months of May and June from select upstream, midstream and service and supply companies.
DNOW to Acquire MRC Global in Deal Valued at $1.5B
Combined, DNOW and MRC Global will have more than 350 service and distribution locations in 20 countries. DNOW will continue to be headquartered in Houston after closing.
Energy Transfer, Enbridge Call Open Season for Crude Capacity in Illinois
Energy Transfer and Enbridge are planning a new project that would add approximately 200,000 bbl/d from Western Canada to the Gulf Coast.
Enbridge Presents Expansion Plans for Westcoast Pipeline
Canadian midstream company Enbridge is planning a 300-MMcf/d expansion of a natural gas system in British Columbia.
CCS Developer Entropy to Purchase Carbon Storage Assets in Canada
Advantage Energy subsidiary Entropy Inc. is acquiring interest in three carbon hubs for CA$20 million (~US$14.6 million) plus contingent payments of approximately $15 million (~US$11 million).
LNG Canada Produces First LNG for Export
LNG Canada produced its first LNG for export in Kitimat, British Columbia, a spokesperson for the project said June 22.
Report: LNG Canada Expected to Start Production Within Days
LNG Canada will be the only west coast export terminal in North America. Canada has plans to become a significant player in the LNG sector by the end of the decade.
Plains All American Sells Canadian NGL Assets to Keyera for $3.75B
Plains All American is selling its NGL assets in Canada to Keyera to focus on its crude pipeline network.
Cenovus Restores Production at Christina Lake Following Wildfires
Cenovus Energy said site inspections confirmed there was no damage to its infrastructure following wildfires in Alberta.
Fitch Ratings Says Global Oil, Gas Sector Outlook is ‘Deteriorating’
Fitch Ratings changed its outlook on the global oil and gas sector from neutral to deteriorating, citing U.S. tariff policy and production increases for the revised forecast.