Enbridge to sell stake in Canadian oil pipelines for $816m
Athabasca Indigenous Investments, a partnership of 23 First Nation and Métis communities, will acquire a stake in the pipelines.
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Hammerhead Resources and DCRD sign $1bn merger deal
To be listed on Nasdaq, the combined company will have assets including a large block of acreage in the Montney…
The US accounts for more than 50% of gas processing capacity in North America
Major active gas processing plants in North America are Prudhoe Bay (United States), Empress (Canada) and Cactus (Mexico).
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Tamarack signs $1.1bn deal to acquire Deltastream Energy
Tamarack anticipates the acquisition to add approximately 23,000 barrels of oil equivalent per day of production capacity in 2023.
G7 leaders agree to cap payments for Russian energy
Leading democracies hope to lessen Russian oil and gas profits while protecting their budgets.
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Enbridge to invest $1.5bn in Canada’s Woodfibre LNG project
The Woodfibre facility will have an export capacity of 2.1Mtpa and 50,000m³ floating storage capacity.
Apollo and Blackstone looking to divest Canada’s Ridgeback for over C$1bn
Two undisclosed investment banks have been hired to manage the sale process of the Canadian oil and gas producer.
PetroChina may divest Australian and Canadian assets to offset losses
The sale comes over concerns of Western sanctions impacting the assets and also due to their ‘disappointing economics’.