Blackstone and a group of Canadian pension funds will invest $3.1 billion to acquire a 49.9% interest in Japanese trading house Mitsubishi Corp 's holding company that owns its stake in the LNG Canada project, the companies said on Monday. The holding company owns a 15% stake in LNG Canada, the Shell -led export project in British Columbia that started production in June 2025. Mitsubishi said its stake is valued at about $1.6 billion. The remaining investment will be used for phase 2 [Read more]
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British Columbia First Nation files court challenge over Pacific Link oil pipeline consultations
A First Nation in British Columbia has filed a court challenge against the Canadian government's decision to fast-track the review process for a new proposed crude oil pipeline to Canada's west coast. * Cheam First Nation asked Canada's Federal Court on Friday to set aside the designation of the Pacific Link pipeline as being in the national interest, which Prime Minister Mark Carney announced on October 1. * The designation enables the proposed pipeline to proceed through a faster, single [Read more]
CanAsia Announces Completion of the Sale of Andora Energy Corporation
CALGARY, AB, Nov. 2, 2026 /CNW/ -- CanAsia Energy Corp. ("CanAsia") (TSXV: CEC) is pleased to announce that it has completed the previously announced sale of all of the issued and outstanding shares of Andora Energy Corporation ("Andora") to Logan Oil Corp. (the "Purchaser"), a newly formed wholly-owned subsidiary of Logan Energy Corp. pursuant to the share purchase agreement (the "Agreement") between CanAsia and the Purchaser dated August 14, 2026 (the "Transaction"). The [Read more]
Blackstone and Leading Canadian Institutional Investors Announce $3.1B Investment in Mitsubishi Corporation’s Interest in LNG Canada
Investor group includes CPP Investments, OMERS, IMCO and PSP Investments NEW YORK--(BUSINESS WIRE)--Blackstone today announced that funds managed by Blackstone Credit & Insurance, in partnership with leading Canadian institutional investors, have agreed to invest $3.1 billion to acquire a 49.9% non-controlling interest in a Mitsubishi Corporation (“MC”) subsidiary that holds MC’s interest in the LNG Canada liquefaction business. The Blackstone-led investor group includes [Read more]
Blackstone-led group buys into Mitsubishi subsidiary that holds LNG Canada stake
TORONTO - An investor group led by Blackstone, which includes several Canadian institutional investors, has signed a deal to invest US$3.1 billion to acquire a 49.9 per cent stake in the Mitsubishi Corp. subsidiary that holds an interest in LNG Canada. The investor group includes the Canada Pension Plan Investment Board, the Ontario Municipal Employees Retirement System, the Investment Management Corp. of Ontario and the Public Sector Pension Investment Board. LNG Canada is a joint venture [Read more]
ISH Energy Ltd.: Property Divestiture
ISH Energy Ltd. (“ISH” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its oil and natural gas interests located in the Desan area of northeastern British Columbia (the “Property”). The Company is selling the Property in order to focus its operations on its core areas. Average daily production net to ISH from Desan for the 6 months ended June 30, 2026 was approximately 565 boe/d, consisting of 443 bbl/d of oil and natural gas liquids and 734 [Read more]
Hemisphere Energy Provides Insurance Claim and Operations Updates
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its insurance claim related to the previously reported fire at its Atlee G pool battery and the restoration of operations at Atlee Buffalo. Hemisphere has begun to receive funds from its insurance providers for an approved $15 million lump-sum interim payment toward its property damage and business [Read more]
Tidewater Midstream and Tidewater Renewables to Combine, Creating a Single Integrated Energy Infrastructure and Low-Carbon Fuels Company
Summary of Transaction: Minority shareholders of Tidewater Renewables will receive 0.88 common shares of Tidewater Midstream for each common share of Tidewater Renewables held Supported by holders of approximately 38% of the Tidewater Renewables Shares eligible to be voted as part of the required minority approval and holders of approximately 41% of Tidewater Midstream Shares Rationale: Improved Capital Markets Profile: Results in a larger and more diversified equity [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for November 2026
CALGARY, AB, Nov. 2, 2026 /CNW/ -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on November 30, 2026, to shareholders of record at the close of business on November 16, 2026. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil [Read more]
Paramount Resources Ltd. Announces November Dividend
CALGARY, AB, Nov. 2, 2026 /CNW/ -- Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on November 30, 2026 to shareholders of record on November 16, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. ABOUT PARAMOUNT Paramount is an independent, publicly traded Canadian energy company that [Read more]
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