Canada

Nine Expands With $493 Million Magnum Oil Tools Acquisition

Analysts expect the acquisition of Magnum—the number two player in dissolvable frack plugs—to give Nine Energy Service ‘incremental exposure’ to the downhole tools market.

Oct 15 2018 - 8:40am

Canada’s Enbridge To Resume Operations In 30-Inch Gas Line In British Columbia

Canada’s Enbridge Inc. said on Oct. 10 it had approval to restart operations on a 30-inch natural gas pipeline in northern British Columbia, after a fire in an adjacent line led to disruptions for refineries in the U.S. state of Washington.

Oct 11 2018 - 11:13am

IPC To Acquire Canada’s BlackPearl In Strategic Combination

IPC will acquire BlackPearl for roughly C$622.5 million and combine its assets with IPC’s existing assets in Canada as well as in France, Malaysia and the Netherlands.

Oct 10 2018 - 10:45am

HEADLINES: Canada's LNG Outlook Gets Boost; Exxon Mobil Reportedly Shopping GoM Assets

Canada's energy industry got a boost this week from an LNG project FID. Plus Encana exits the San Juan Basin, Husky makes a play for MEG Energy and reports that Exxon Mobil is exploring the sale of its Gulf of Mexico assets.

Oct 4 2018 - 1:22pm

Canada Won’t Appeal Ruling That Overturned Pipeline

Government will pursue more consultations with aboriginal groups unhappy with the plan.

Oct 4 2018 - 10:19am

Husky Formally Offers To Acquire Rival MEG Energy

Canadian oil and gas producer Husky Energy said late Oct. 2 it had formally offered to acquire rival MEG Energy in a deal valued at about $5 billion including debt.

Oct 3 2018 - 7:25am

LNG Canada FID Raises Hopes For Country’s Beleaguered Energy Sector

Two-train facility and $6.2 billion pipeline represent the single largest private sector investment project in Canadian history.

Oct 2 2018 - 1:51pm

Massive Canada LNG Project Gets Green Light

First gas from the LNG Canada project is expected before 2025, aiming to feed an expected surge in demand for the cleaner, super-chilled fuel from hungry Asian buyers, mainly China.

Oct 2 2018 - 8:40am

Husky Offers To Buy MEG Energy In $5 Billion Deal

The Husky's takeover offer for MEG comes as many Canadian oil producers have struggled with transportation bottlenecks as output has surged.

Oct 1 2018 - 7:25am

Cenovus Signs Crude-By-Rail Transport Deals To US Gulf Coast

The deals come as the discount on Canadian heavy oil has spread to $42, its widest point on record, as rising production from Alberta's oil sands has run up against full pipelines, leading to swelling volumes in storage.

Sep 27 2018 - 8:10am

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