Vopak and AltaGas to jointly invest in propane export terminal on Ridley Island

Royal Vopak and AltaGas Ltd. (AltaGas) (TSX:ALA) announced today that they have entered into a joint venture and will invest together in the development of the Ridley Island Propane Export Terminal (RIPET). RIPET is expected to be the first propane export facility off the west coast of Canada. The project is to be designed to […]

TransCanada invests $2 billion to expand NGTL System capacity

TransCanada Corporation announced June 14, 2017┬áthat it will move forward with a new $2 billion expansion program on its NOVA Gas Transmission Ltd. (NGTL) System, based on new contracted customer demand for approximately 3 billion cubic feet per day (Bcf/d) of incremental firm receipt and delivery services. “Between now and 2021, TransCanada is investing approximately […]

Cenovus plans to grow free funds flow 14% a year through 2021

Company targets $4 billion to $5 billion in asset sale agreements by year end Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) today put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel (bbl) while increasing production at […]