Canadian natural gas producer Tourmaline Oil Corp. has signed a CAD 1.1 billion ($904.9 million) deal to acquire Black Swan Energy, a privately held Calgary-based energy company. The consideration is made up of 26 million shares of Tourmaline Oil Corp. and the assumption of net debt up to a maximum of CAD 350 million ($287.9 […]
WestKam Gold, a Canadian gold exploration company, said that it has retained Integral Wealth Securities, a full-service securities dealer, for providing market making services in accordance with TSX Venture Exchange Policies. Integral Wealth Securities will be responsible for trading the shares of WestKam Gold on the TSX-V for the purposes of maintaining an orderly market […]
McDermott International said that its subsidiary CB&I Storage Solutions has won a contract from a major EPC contractor for the engineering, procurement, fabrication, and construction (EPFC) of 14 oil storage tanks as part of the Trans Mountain Expansion Project in Burnaby, British Columbia. McDermott did not reveal the contract value but indicated them to be […]
Cryopeak LNG Solutions has begun construction on a new liquefied natural gas production facility (LNG production plant) in Fort Nelson, British Columbia, Canada. The LNG production plant is expected to produce up to about 90,000 gallons of LNG per day. Cryopeak LNG Solutions claims it to be the first 100% funded and permitted LNG production […]
KKR and Alberta Investment Management Corporation (AIMCo) have agreed to acquire a 65% stake in the Coastal GasLink Pipeline Project, 670km long natural gas pipeline project in Canada, from TC Energy (formerly TransCanada). The Coastal GasLink Pipeline and associated facilities are estimated to cost CAD 6.6 billion. The pipeline, which will initially have a capacity […]
Canadian energy company Black Swan Energy has officially inaugurated the 100 MMcf/d Nig Creek Gas Processing Facility located in the Montney area in northeast British Columbia. The Nig Creek Gas Processing Facility with an expansion possibility by over 80 MMcf/d will supply gas through pipelines to various markets in North America and export the associated […]
Prince George Refinery sale : Husky Energy has agreed to sell its Prince George oil refinery in British Columbia, Canada to Tidewater Midstream and Infrastructure in a deal worth up to CAD 275 million. The consideration for the Prince George Refinery sale includes CAD 215 million in cash along with closing adjustment for inventory, and a […]
The Original Cakerie, a division of US-based Dessert Holdings, will expand its London, Ontario plant to meet the increasing demand for its frozen desserts in Canada. The project will increase the capacity of The Original Cakerie for making all of its existing products. Slated to begin construction later this fall, the project will add a […]
Mining acquisition news : Australian mining company Newcrest Mining has signed a deal to acquire 70% stake in the Red Chris copper gold mine and surrounding tenements in British Columbia, Canada from Imperial Metals for $806.5 million. The Red Chris copper gold mine, which is located on the northern edge of the Skeena Mountains in […]
Aecon in consortium with Flatiron Constructors Canada, Dragados Canada, and EBC (together called as the AFDE Partnership) has bagged a major contract of CAD 1.6 billion ($ 1.22 billion) for BC Hydro Site C project in Canada. The BC Hydro Site C project, also known as the Site C Clean Energy Project, is a dam […]