Irving Oil and Silverpeak Announce Acquisition of North Atlantic Refining Corp.

Energy Capital Partners Invests $300M in Braya Renewable Fuels

April 20, 2023

Renewable Energy

Energy Capital Partners provided a USD $300 million preferred equity investment into Braya Renewable Fuels to complete financing for converting the Come By Chance refinery in Newfoundland and Labrador to renewable fuel operations. ECP joins existing owners Cresta Fund Management and North Atlantic Refining Corp. (managed by Silverpeak) to support production of renewable diesel, sustainable aviation fuel, green hydrogen and ammonia with initial output planned at 18,000 barrels per day and expansion potential.

Pembina Pipeline Acquires Enbridge's Interests in Alliance, Aux Sable and NRGreen

April 1, 2024

Energy

Pembina Pipeline Corporation completed the previously announced acquisition of Enbridge Inc.'s interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for approximately $3.1 billion. The deal increases Pembina's ownership of those midstream assets, was funded in part by a $1.28 billion subscription receipt offering, and prompted an upward revision to Pembina's 2024 adjusted EBITDA guidance.

Sky Quarry Inc. Acquires Foreland Refining Corporation (Eagle Springs Refinery)

October 3, 2022

Energy

Sky Quarry Inc. has acquired Foreland Refining Corporation, including the Eagle Springs refinery near Ely, Nevada. The purchase gives Sky Quarry a refinery asset to vertically integrate its process for producing sustainable diesel and other petroleum products from waste asphalt shingles and heavy oil feedstocks, and is expected to be immediately accretive to cash flow and EBITDA.

Par Pacific Acquires ExxonMobil Billings Refinery and Upper Rockies Logistics System

June 1, 2023

Oil & Gas

Par Pacific Holdings completed the acquisition of ExxonMobil's Billings refinery and related Upper Rockies marketing and logistics assets for a base purchase price of $310 million, closing June 1, 2023. The assets include the 63,000 bpd Billings refinery, a 65% interest in an adjacent cogeneration facility, multiple pipelines and terminals (including the Silvertip and an interest in the Yellowstone pipeline), and supply arrangements for ~250 Exxon/Mobil-branded retail locations.

PGNiG Acquires INEOS E&P Norge Assets for $615M

January 1, 2021

Oil & Gas

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG), via its Norwegian unit PGNiG Upstream Norway AS, agreed to acquire all assets of INEOS E&P Norge AS from INEOS for USD 615 million. The assets comprise predominantly gas-producing fields, exploration licences on the Norwegian continental shelf and an 8.2% interest in the Nyhamna gas terminal — a strategic move to boost PGNiG's Norwegian gas output and diversify Poland's gas imports.

Chevron Acquires Equity Interest in American Natural Gas LLC (Beyond6) from Mercuria

October 1, 2021

Energy

Chevron U.S.A. Inc. closed its previously announced acquisition of an equity interest in American Natural Gas LLC (operator of the Beyond6 CNG fueling network), acquiring a network of about 60 compressed natural gas stations across the United States from Mercuria Energy Trading. The deal expands Chevron's alternative-fuels footprint and supports its strategy to grow lower-carbon and renewable natural gas distribution capabilities.