BOE Report

Enbridge announces normal course issuer bid

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that the Toronto Stock Exchange (TSX) has approved the Company's normal course issuer bid (NCIB) to purchase, for cancellation, up to 31,062,331 of its outstanding common shares to an aggregate amount of up to $1.5 billion. Purchases under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange (NYSE) and other designated exchanges and alternative trading systems, [Read more]

Enbridge completes sale of its financial interest in Noverco Inc.

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) today announced the closing of the agreement through which a subsidiary of Enbridge has sold its 38.9% non-operating minority ownership interest in Noverco Inc. to Trencap L.P. for $1.14 billion in cash, previously announced on June 7, 2021. The sale of our financial interest in Noverco Inc. will further strengthen our financial flexibility. Proceeds from the sale will be initially used to repay short term borrowings and support Enbridge's [Read more]

Parkland ramps-up processing operations at the Burnaby Refinery

CALGARY, AB - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI), announced today, that following the restart of the Trans Mountain Pipeline ("the Pipeline") on December 5, 2021, it is ramping-up processing operations at the Burnaby Refinery (the "Refinery"). The Pipeline is the primary source of crude oil feedstock to the refinery. "Having maintained the refinery in ready-mode and following delivery of sufficient, consistent quality crude oil feedstocks via the [Read more]

Gibson Energy and US Development Group declare the DRU fully operational, including shipment of DRUbit™ by Rail™, providing an innovative, scalable market access solution throughout North America

CALGARY, AB - US Development Group, LLC (through a wholly-owned affiliate, collectively USD) and Gibson Energy Inc. (Gibson) (TSX: GEI) announced the diluent recovery unit (DRU) has been declared fully operational and the shipment of DRUbit™ by Rail™ (DBR) has commenced. The DBR network creates a first-of-its-kind separation technology and network that safely and sustainably moves heavy Canadian crude oil, also known as bitumen, from Canada to the U.S. Gulf Coast at a cost that is competitive [Read more]

Shell acquires solar and energy storage developer Savion, further expanding its global renewable power business

HOUSTON - Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie's Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio. "Savion's significant asset pipeline, highly experienced team, and proven success as a renewable energy project developer make it a compelling [Read more]

Pembina Pipeline Corporation announces closing of $1 billion public note offering

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $1.0 billion of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in two tranches consisting of $500 million principal amount of senior unsecured medium-term notes, series 17 (the "Series 17 Notes") having a fixed coupon of 3.53% per annum, paid semi-annually, and maturing on December 10, 2031; [Read more]

Pembina Pipeline Corporation announces 2022 guidance, business update and additional ESG targets

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) is pleased to provide its 2022 financial guidance and deliver an end-of-year business update. Highlights 2022 adjusted EBITDA of $3.35 to $3.55 billion and a 2022 capital investment program of $655 million. Cash flow from operating activities is expected to exceed dividends and the capital investment program in 2022. As such, Pembina expects to allocate up to the first $200 million of the [Read more]

Shell adds deep-water discovery in the Perdido Corridor of the U.S. Gulf of Mexico

HOUSTON - Shell Offshore Inc. ("Shell"), a subsidiary of Royal Dutch Shell plc, today announced a material discovery at the Blacktip North prospect in the U.S. Gulf of Mexico. The Blacktip North well encountered approximately 300 feet net oil pay at multiple levels. Evaluation is ongoing to further define development options. "The Blacktip North prospect is the latest example of discovering new resources in our advantaged corridors," said Paul Goodfellow, Executive Vice President of Deep [Read more]

Enbridge announces 2022 financial guidance, increases dividend, and provides update on strategic priorities

CALGARY, AB - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced its 2022 financial guidance and dividend, and provided an update on its strategic priorities, which will be further discussed at the Company's investor conference today in Toronto. A virtual broadcast of the event is also available for registered participants. Highlights Reaffirmed 2021 full year guidance range for adjusted earnings before interest, income taxes and depreciation (EBITDA) of $13.9 [Read more]

Crescent Point announces 2022 budget and increased return of capital to shareholders

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE: CPG) is pleased to announce its formal 2022 capital expenditures budget and production guidance, another quarterly dividend increase beginning first quarter 2022, planned share repurchases and the renewal of its credit facilities. KEY HIGHLIGHTS  Increased 2022 production guidance to 133,000 to 137,000 boe/d from the preliminary range of 131,000 to 135,000 boe/d. Disciplined capital [Read more]