International Petroleum Corp. (IPC), a member of the Lundin Group of Companies, has wrapped up its previously announced $59 million acquisition of Granite Oil Corp, a Canadian oil and gas company engaged in light oil production in southern Alberta. Through the acquisition, International Petroleum Corp. gains access to total proved plus probable (2P) reserves of […]
TC Energy has approved the 2023 NGTL Intra-Basin System Expansion and the Alberta XPress project on its 100% owned natural gas pipeline systems with a combined investment of $1.3 billion. The 2023 NGTL Intra-Basin System Expansion is being taken up with an investment of $900 million for supplying natural gas produced in the Western Canadian […]
Suncor Energy said that it will invest CAD 1.4 billion on the 800MW Coke Boiler Replacement Project to power its Oil Sands Base Plant, located 25km north of Fort McMurray in Alberta, Canada. As part of the Coke Boiler Replacement Project, the Canadian energy company will build two new cogeneration units to replace three old […]
Tilray acquisition of FOUR20 : Tilray, a Canadian pharmaceutical and cannabis company, through its wholly-owned subsidiary High Park Holdings has agreed to acquire 420 Investments (FOUR20) in an all-stock transaction valued at C$110 million. US-based FOUR20 is an adult-use cannabis retail operator which offers retail experience on high-quality product selection, education, and community to adult-use […]
Canadian entertainment company Cineplex and CJ 4DPLEX, a cinema technology company have opened Canada’s second 4DX auditorium at the at Scotiabank Theatre Chinook in Calgary, Alberta. The new, multi-sensory experience at the 4DX auditorium debuted at the Scotiabank Theatre Chinook through Universal Pictures’ action movie – Fast & Furious Presents: Hobbs & Shaw. Commenting on […]