May 18, 2026 [Storage Terminals Magazine]- Gibson Energy Inc.has completed its previously announced acquisition of Teine Energy Ltd.’s Chauvin Infrastructure Assets in a transaction valued at $400 million.

The acquisition includes a crude oil gathering pipeline system and related infrastructure linking Chauvin to the Hardisty oil hub, expanding Gibson Energy’s strategic presence in the region and strengthening its portfolio of contracted infrastructure assets.

According to the company, the newly acquired assets are supported by long-term take-or-pay and area-of-dedication agreements with Teine Energy, reinforcing the stability and predictability of future cash flows.

Riley Hicks, senior vice president and chief financial officer of Gibson Energy, described the acquisition as a significant milestone for the company, noting that it strengthens Gibson’s ability to deliver services to customers connected to its core Hardisty terminal operations. He added that the company’s immediate focus will shift toward integration efforts and maintaining safe and reliable service delivery while advancing strategic growth initiatives aimed at creating long-term shareholder value.

Alongside the completion of the transaction, Gibson Energy has sanctioned the Hardisty Connection growth project, which will directly connect the Chauvin Infrastructure Assets to the company’s main Hardisty terminal. The project is expected to improve connectivity and operational flexibility for customers in the region.

The company also stated that it expects to sanction a future Chauvin pipeline expansion project by the end of 2026. The expansion would increase the pipeline’s effective capacity from 30,000 barrels per day to approximately 45,000 barrels per day.

The acquisition was funded through a combination of proceeds from Gibson Energy’s previously completed $215 million bought-deal equity offering and drawdowns under the company’s existing credit facility.

Prior to closing, the transaction received regulatory clearance from the Canadian Competition Bureau, which issued a no-action letter on April 30th, 2026, confirming that no application would be made under Section 92 of the Competition Act in relation to the deal.