Pembina Pipeline Corporation has announced a landmark deal through its joint venture, Pembina Gas Infrastructure Inc., to acquire key midstream assets from Veren Inc., worth approximately $400 million CAD. This acquisition of four oil batteries located in Alberta’s prolific Gold Creek and Karr areas is expected to significantly expand Pembina’s midstream footprint and strengthen its […]
Copenhagen Infrastructure Partners (CIP), representing the Copenhagen Infrastructure IV (CI IV) fund, has achieved a significant milestone with the successful delivery of power from the Buffalo Plains wind farm to the Alberta grid. This marks a pivotal moment in the development of the project and sets the stage for its full operational launch. The Buffalo […]
In a devastating turn of events, the scenic town of Jasper, located approximately 790 kilometres north of Vancouver, has been overrun by a catastrophic wildfire. The blaze, which has forced the evacuation of 25,000 residents, is wreaking havoc in Jasper National Park and contributing to a larger wildfire crisis affecting Canada’s western provinces. This emergency […]
Wolf Midstream has announced a final investment decision (FID) to proceed with the nearly C$1 billion ($730 million) NGL North Phase Two project in Alberta, Canada, marking a significant expansion in the region’s natural gas liquids (NGL) production capabilities. This strategic expansion aims to enhance the capacity of Wolf Midstream’s existing NGL North System, which […]
Shell Canada Products, a subsidiary of Shell plc, has reached a pivotal moment with its announcement of the Final Investment Decision (FID) for the Polaris carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. This initiative marks a significant stride in the company’s sustainability efforts, aiming to capture roughly 650,000 […]
Cooler temperatures and calmer winds have brought a temporary reprieve to the firefighters battling the raging wildfire near Fort McMurray, as reported by CBC. Despite the improved weather, four neighborhoods on the city’s southwest edge remain under evacuation orders, with the fire still burning less than six kilometers from the community’s outskirts. Ongoing Efforts and […]
A devastating wildfire has forced the evacuation of more than 6,600 residents from four neighborhoods in Fort McMurray, as flames continue to threaten this northeastern Alberta community. The fire, which has already consumed nearly 21,000 hectares of forest, recalls the horrific destruction faced by the region just eight years ago. Rapid Escalation as Fire Doubles […]
Residents in the suburbs of Abasand, Beacon Hill, Prairie Creek, and Grayling have been ordered to evacuate by 4 pm Mountain Time (2200 GMT) as a large wildfire approaches Fort McMurray. The fire, driven by tinder-dry conditions and high winds, remains a persistent threat to the city in Alberta, Canada. Key Points – Thousands ordered […]
West Fraser Timber Co. Ltd. (TSX and NYSE: WFG), a prominent name in the lumber industry, has finalized the acquisition of Spray Lake Sawmills, located in Cochrane, Alberta. This significant transaction, valued at C$140 million, marks a pivotal expansion of West Fraser’s operations in the Canadian forestry sector. Building a Stronger Footprint in Alberta Ray […]
Crescent Point Energy Corp. (TSX and NYSE: CPG) has reached an arrangement to acquire Hammerhead Energy Inc., a significant player in the Alberta Montney oil region, for a total consideration of C$2.55 billion. This sum encompasses around C$455 million of assumed net debt and comprises both cash and common shares of Crescent Point. Shareholders of […]