TC Energy's South Bow Spinoff Clears $5.8B Debt Hurdle
TC Energy’s new spinoff South Bow Corp. closed its notes offering that opened in June.
Canadian Government Orders Arbitration, Ending Rail Strike
The rail workers’ union agreed to return to work but is threatening to appeal the court ruling forcing work to continue.
Trans Mountain Appoints New CEO, President
Trans Mountain appointed Mark Maki to CEO, succeeding Dawn Farrell who will now be chairman of the board.
Canada’s Train Strike Goes Off—Then Back On—the Rails
After the Canadian government stepped in to end the work stoppage, the Teamsters Union indicated that the strike would go forward.
Dividends Declared in the Week of Aug. 19
As second-quarter earnings wrap up, here is a selection of dividends declared in the energy industry.
Enbridge Cuts Toll to Transport Crude from Canada to Gulf
The change comes three months after Canada tripled capacity to 890,000 bbl/d on the Trans Mountain Pipeline.
Gran Tierra to Acquire i3 Energy for $225 Million
Canada’s Gran Tierra Energy will acquire U.K. and Canadian producer i3 Energy in a deal valued at $225.4 million.
Analysts: Long Canadian Rail Strike Could Exponentially Affect US NGLs, Crude
With the effects of Canada’s rail strike up in the air, the newly opened Trans Mountain Pipeline offers an alternative route for crude headed south.
Enbridge Announces Tendered Conversion on Series 3 Shares
On a one-for-one basis, the Series 3 shares were tendered for conversion into Series 4 preferred shares, effective Sept. 1, Enbridge said.
Canadian Solar Plans to Issue $200MM in Notes to Investor PAG
The transaction by Asia Pacific investment firm PAG is expected to close in the fourth quarter of 2024, subject to closing conditions, Canadian Solar said in a news release.