The proposed Kinder Morgan Inc. acquisition of El Paso Corp. doesn’t change Calgary, Alberta-based TransCanada Corp.’s strategy that is divided among natural gas, including shale; oil through its proposed addition to Keystone XL pipeline; and a growing gas-fired and renewable-based power generation business, CEO Russ Girling told financial analysts Tuesday as TransCanada reported a robust quarter-over-quarter improvement in profits for the third quarter.
Calgary
Articles from Calgary
AltaGas to Pay C$230M for Pacific Northern Gas
AltaGas Ltd. has agreed to buy Vancouver-based Pacific Northern Gas Ltd. (PNG) for C$36.75/share (approximately C$230 million), a 20% premium based on the C$30.50 Oct. 28 closing price for PNG shares, the Calgary-based company said Monday.
November 1, 2011
China’s Sinopec to Pay C$2.2B for Calgary’s Daylight
A subsidiary of China’s largest oil and gas producer, Sinopec International Petroleum Exploration and Production Corp., Sunday agreed to pay C$2.2 billion in cash to acquire Calgary independent Daylight Energy Ltd.
October 11, 2011
Alliance Owners Agree to Start Building Bakken Lateral
Two Calgary-based companies announced Tuesday that they will construct a 77-mile pipeline lateral in North Dakota to transport liquids-rich gas from the Bakken Shale to the Midwest for processing.
September 29, 2011
Encana to Sell Barnett Shale Portfolio
Encana Corp. has launched a plan to sell its 52,000 net acres of property in the Barnett Shale of North Texas, which currently produce 125 MMcfe/d.
August 26, 2011
Ensign Builds Drilling Presence in U.S. Shales
Calgary-based Ensign Energy Services Inc. is boosting its services in the U.S. onshore through an agreement to acquire Rowan Cos. Inc.’s land drilling division for US$510 million in cash.
July 22, 2011
TransCanada Completes $360M Guadalajara Pipeline
Calgary-based TransCanada Corp. announced Monday it has completed its $360 million Guadalajara Pipeline for the Mexican government tied to its liquefied natural gas (LNG) and gas-fired electric generation expansion. It is the Canada energy company’s second biggest investment in Mexico.
June 21, 2011
Progress Energy Sells Montney Stake to Malaysia’s Petronas
Calgary-based Progress Energy Resources Corp.’s chief executive said Thursday the company has found a “critical” partner to help market its natural gas in the Montney Shale of British Columbia after securing Malaysia’s national oil company Petronas (Petroliam Nasional Berhad) in a joint venture (JV) valued at about C$1.07 billion.
June 3, 2011
Progress Energy, Malaysia’s Petronas to Partner in British Columbia
Calgary-based Progress Energy Resources Corp. on Thursday agreed to sell a half interest in some Montney Shale properties in British Columbia to Malaysia’s national oil company Petronas (Petroliam Nasional Berhad) for C$1.07 billion. Opportunities to develop liquefied natural gas (LNG) export capacity from the province also are on the table.
June 3, 2011
Enerplus Sells Portion of Marcellus Stakes for $575M
Calgary-based Enerplus Corp. is selling a portion of its Marcellus Shale interests in Pennsylvania, Maryland and West Virginia to an undisclosed buyer for US$575 million.
May 20, 2011
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