Gibson Energy Acquires Teine Energy’s Chauvin Infrastructure Assets for $400 Million

February 10, 2026

Gibson Energy has entered into a definitive agreement to acquire Teine Energy Ltd.’s Chauvin Infrastructure Assets for total cash consideration of $400 million (subject to closing adjustments). The transaction expands Gibson’s heavy crude oil network by connecting Chauvin to the Hardisty oil hub and includes long-term take-or-pay and area-of-dedication agreements with Teine Energy.

Buyers
Gibson Energy Inc.
Targets
Teine Energy Ltd. Chauvin Infrastructure Assets
Sellers
Teine Energy Ltd.
Industry
Infrastructure
Location
Alberta, Canada
Transaction Type
Buyout

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