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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