Pieridae signs an agreement to acquire Shell Canada gas assets
Canada’s Pieridae Energy has entered into an agreement with Royal Dutch Shell for the sale of oil and gas midstream and upstream assets in the southern Alberta Foothills, Canada.
Pieridae will acquire assets that produce up to 29,000 barrels of natural gas, natural gas liquids, and condensate. The deal also includes the sale of three sour gas plants. The closing of CAD190 million (US$145.1 million) transaction enables Pieridae to secure the remaining supply needed for the first phase of its proposed Gooldboro LNG plant in Nova Scotia. If it goes ahead, Goldboro will be Canada’s first east coast LNG project.
Country updates
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June 28, 2019
Canadian Natural acquires of the assets of Devon Canada Corporation
Canadian Natural Resources Limited has announced that it has entered into an agreement, subject to regulatory approval, to acquire substantially all of the assets of Devon Canada Corporation, for a ca...
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June 28, 2019
Quanta Services signs agreement to sell stakes in Alberta PowerLine
Quanta Services has signed an agreement with Greystone Infrastructure Fund and IST3 Infrastruktur Global for the sale of its 20% stakes in Alberta PowerLine (APL) for CAD300 million (US$227....
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June 11, 2019
Connor, Clark & Lunn Infrastructure completes purchase of two hydro projects in British Columbia
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has completed the purchase of a majority interest in Bremner Trio Hydro Corp. Bremner owns two construction-stage, run-of-river...
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June 05, 2019
Brookfield makes CAD750 million investment in TransAlta
TransAlta Corporation has announced an investment by Brookfield Renewable Partners and its institutional partners. This investment will ensure TransAlta will transition to 100% clean energy by 2025....
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June 05, 2019
SaskPower launches RFP for 10 MW solar power plant in Saskatchewan province
Canadian utility SaskPower has launched the Request for Proposal (RFP) for the development of a 10-megawatt (MW) solar project located in Regina-Moose Mountain, Saskatchewan province, Canada...
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