Canadian firm Tourmaline seals US$900M takeover in Montney Shale basin and sees more LNG prospects

Monday, 14 June 2021

Tourmaline Oil Corp., the Canadian oil and gas company, has agreed a C$1.1 billion (US$904.4 million) deal to purchase Black Swan Energy and boost its assets in the Montney Shale basin, where producers in northeast British Columbia have been heartened by two LNG export projects advancing to ship cargoes to Asia from the Kitimat area.


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