Acquisitions and Divestitures News in Canada

NuStar Energy L.P. Closes on Sale of Terminal in Nova Scotia
4/29/2022 - NuStar Energy L.P. has closed on the sale of its terminal in Nova Scotia, Canada to EverWind Fuels for $60 million. The 7.8 million-barrel storage terminal is located at Point Tupper on the Strait of ...
TC Energy to Sell 10% Interest in the Coastal GasLink Pipeline
3/9/2022 - TC Energy Corporation (TRP) (TC Energy) announced signing of option agreements to sell a 10 per cent equity interest in the Coastal GasLink Pipeline Limited Partnership to Indigenous communities acros...
Macquarie Asset Management Consortium Agrees to acquire Reden Solar
3/8/2022 - Macquarie Asset Management, in a consortium with British Columbia Investment Management Corporation (BCI) and MEAG, has reached an agreement to acquire Reden Solar from InfraVia Capital Partners and E...
EverGen Signs LOI to Acquire a 67% Interest in Alberta Based Renewable Natural Gas Facility
3/7/2022 - EverGen Infrastructure Corp., Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform is pleased to announce it has entered into a letter of intent (“LOI”), with Grow the Energy Circle Ltd. (“G...
EverGen Signs LoI to Acquire a 67% Interest in Alberta Based Renewable Natural Gas Facility
3/7/2022 - EverGen Infrastructure Corp., Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform has entered into a letter of intent (“LOI”), with Grow the Energy Circle Ltd. (“GrowTEC”), in its capacity ...
Imperial to Market Interests in Montney & Duvernay Assets
1/12/2022 - Imperial (IMO) announced its intention to market its interests in XTO Energy Canada jointly with ExxonMobil Canada. Imperial and ExxonMobil Canada each own 50 percent of XTO Energy Canada, which inclu...
Pine Cliff Announces Strategic Acquisition
12/21/2021 - Pine Cliff Energy Ltd. has entered into a definitive agreement (the "Agreement") to acquire all of the issued and outstanding common shares of a privately held oil and gas company for a cash purchase ...
Cenovus Announces Sale of Tucker Asset for $800M
12/16/2021 - Cenovus Energy Inc. (CVE) has reached an agreement to sell its Tucker thermal asset for total cash proceeds of $800 million. Proceeds from this transaction will further accelerate the company’s reduct...
PrairieSky Closes Acquisition of Western Canadian Royalty Assets
12/15/2021 - PrairieSky Royalty Ltd. has closed the previously announced acquisition from Heritage Royalty of over 1.9 million acres of royalty lands throughout Alberta, Saskatchewan and Manitoba (the “Royalty Lan...
Iberdrola Sells Its Gas Storage Business in Canada to ATCO Group
12/3/2021 - - The transaction is part of the non-strategic asset rotation envisaged in Iberdrola's 2020-2025 Strategic Plan.
- The sale is unconditional and effective upon signature.

Iberdrola ha...
Cenovus Announces Asset Sales of Nearly $660M
11/30/2021 - Cenovus Energy Inc. has reached agreements to sell its Husky retail fuels network and the Wembley assets in its Conventional business for combined total cash proceeds of nearly $660 million, allowing ...
Obsidian Energy Announces Closing of the Peace River Oil Partnership Acquisition
11/24/2021 - Obsidian Energy has closed its previously announced acquisition of the remaining 45 percent interest in the Peace River Oil Partnership ("PROP") asset through a wholly-owned subsidiary (the "Acquisiti...
Canadian Natural Resources Announces 2021 Third Quarter Results
11/4/2021 - Commenting on the Company's third quarter 2021 results, Tim McKay, President of Canadian Natural stated "Our diverse product mix is a competitive advantage, as we can allocate capital to the highest ...
Qatarenergy Enters Offshore Atlantic Exploration in Canada
10/24/2021 - QatarEnergy signed an agreement with ExxonMobil Canada to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada. ...
Enbridge Completes Acquisition of North America's Premier Crude Export Facility
10/12/2021 - Enbridge Inc. announced the closing of the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for US$3.0 billion. The acquisition significantly advances the Company's U.S. Gulf Coas...
Topaz Announces Agreement to Acquire Weyburn Royalty Interest
10/5/2021 - Topaz Energy Corp. has entered into a purchase and sale agreement with Whitecap Resources Inc. ("Whitecap") to acquire a newly-created 5% gross overriding royalty interest on Whitecap's working intere...
Suncor to Acquire Equity Interest in the Northern Courier Pipeline
9/16/2021 - Suncor announced the signing of agreements with eight Indigenous communities in the Regional Municipality of Wood Buffalo (RMWB) to acquire all of TC Energy’s 15 per cent equity interest in the Northe...
TC Energy to Divest Remaining 15% Interest in Northern Courier Pipeline
9/16/2021 - TC Energy Corporation announced that Astisiy Limited Partnership, comprised of Suncor and eight Indigenous communities in the Regional Municipality of Wood Buffalo (RMWB), will acquire TC Energy’s rem...
Suncor Energy Provides Update on White Rose Asset
9/8/2021 - Suncor has entered into a conditional agreement to increase its interest in the White Rose asset subject to a restart decision on the West White Rose project. ...
Cenovus Announces Atlantic Assets Restructuring Plan
9/8/2021 - Cenovus Energy Inc. has entered into agreements with its partners in the Atlantic region to restructure its working interests in the Terra Nova and White Rose projects, providing improved economics fo...

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