Sunday, December 29, 2024
Pembina Pipeline to buy 50% stake in Canada's proposed Cedar LNG- oil and gas 360

Pembina Pipeline to buy 50% stake in Canada’s proposed Cedar LNG

Reuters Pembina Pipeline Corp said on Tuesday it would buy a 50% stake in Canada’s proposed Cedar LNG Project to develop the floating liquefied natural gas facility in British Columbia in partnership with indigenous group, The Haisla Nation. Pembina expects to invest about $90 million into Cedar LNG over the next 24 months, including costs to acquire its interest in

KKR's Independence, Contango to merge in $5.7 bln oil and gas deal- oil and gas 360

KKR’s Independence, Contango to merge in $5.7 bln oil and gas deal

Reuters KKR & Co’s (KKR.N) Independence Energy LLC and Contango Oil & Gas Co (MCF.A) will merge in an all-stock deal to create a consolidation-focused oil and gas company with an enterprise value of about $5.7 billion. Deal-making in the sector has been on the rise as a vaccination-led recovery in demand has boosted oil and gas prices after one of the worst energy