Canada
Dividends Declared in the Week of Aug. 19
As second-quarter earnings wrap up, here is a selection of dividends declared in the energy industry.
Enbridge Cuts Toll to Transport Crude from Canada to Gulf
The change comes three months after Canada tripled capacity to 890,000 bbl/d on the Trans Mountain Pipeline.
Gran Tierra to Acquire i3 Energy for $225 Million
Canada’s Gran Tierra Energy will acquire U.K. and Canadian producer i3 Energy in a deal valued at $225.4 million.
Analysts: Long Canadian Rail Strike Could Exponentially Affect US NGLs, Crude
With the effects of Canada’s rail strike up in the air, the newly opened Trans Mountain Pipeline offers an alternative route for crude headed south.
Enbridge Announces Tendered Conversion on Series 3 Shares
On a one-for-one basis, the Series 3 shares were tendered for conversion into Series 4 preferred shares, effective Sept. 1, Enbridge said.
Canadian Solar Plans to Issue $200MM in Notes to Investor PAG
The transaction by Asia Pacific investment firm PAG is expected to close in the fourth quarter of 2024, subject to closing conditions, Canadian Solar said in a news release.
TC Energy Completes NatGas Transmission System Sale
TC Energy Corp. and its partner Northern New England Investment Co. have completed the sale of the Portland Natural Gas Transmission System for US$1.14 billion.
Dividends Declared in the Week of Aug. 12
As second-quarter earnings season wraps up, here is a roundup of select upstream, midstream and service and supply companies’ dividends declared in the week of Aug. 12.
International OFS Firm HMH Plans to IPO, Activate in M&A
The firm is a 50/50 joint venture of Baker Hughes and Akastor ASA formed in 2021 to include brands such as Hydril and Vetco Gray as well as Wirth and Maritime Hydraulics.
Tallgrass Gets $843MM Investment from Canadian Pension Plan
The Canada Pension Plan Investment Board is investing in private midstream company Tallgrass Energy, which has assets in 14 U.S. states.