Midstream infrastructure operator
Appears in 1 story
Acquirer; consolidator of Hardisty hub assets
Canada's most important crude staging hub just got more concentrated. On May 1, Gibson Energy closed a C$400 million purchase of a 75-kilometer gathering pipeline from oil producer Teine Energy, then immediately sanctioned a project to wire those barrels directly into its Hardisty terminal. The Alberta facility already handles roughly one in four barrels exported from Western Canada.
Updated May 31
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