Weekly Energy Newsletter

News Items Ending February 10, 2025


 

Mergers and Acquisitions:

  • SLB (NYSE:SLB) has agreed to acquire Interactive Network Technologies, Inc. (INT), a Houston based leader in energy data visualization. INT’s technology enhances data visualization for geoscientists, engineers and industry operators, including well, log and seismic interpretations.

Other:

  • AltaGas (TSX:ALA) and Keyera (TSX:KEY) have signed long-term agreements to optimize infrastructure and expand market access. The deal includes tolling on AltaGas’ global exports platform, fractionation services at Keyera’s Fort Saskatchewan and shared rail, storage and logistics assets.

  • Trans Mountain is considering an expansion projects that could add 200,000–300,000 bpd to its pipeline capacity. Short-term options include using drag reducing agents, while long-term plans involve adding pumps to increase flow.

  • The federal government and the Quebec provincial government launched the Quebec-Canada Collaboration Table on Energy and Resources to advance Quebec’s economic priorities, including critical minerals, the circular economy and electrification. The initiative aims to drive investment, job creation and decarbonization efforts.

  • Canada’s unemployment rate fell to 6.6 per cent in January (December unemployment rate: 6.7%) as the economy added 76,000 jobs, surpassing expectations and marking a second consecutive monthly decline.