Pembina Pipeline Corporation’s physical volumes reached second-quarter lows in early May, at levels roughly down 16 per cent from average levels in the prior two quarters — a decrease of about 135,000 bbls/d due to producer shut-ins and advancement of turnarounds and maintenance work.
August 7, 2020, 11:17 AM MDT
While the COVID-19 pandemic has hit productivity at Inter Pipeline Ltd.’s Heartland Petrochemical Complex (HPC) worksite, the company expects the project to come in on time and to meet its revised budget.
August 7, 2020, 10:51 AM MDT
Inter Pipeline Ltd. reported net income of $63 million in the second quarter of 2020 compared to $260 million in the same quarter of 2019 as utilization of its pipelines dipped and natural gas liquids processing spreads declined due to the COVID-19 pandemic and severe downturn in oil prices early in the quarter.
August 7, 2020, 9:14 AM MDT
Inter Pipeline Ltd. announced that Richard Shaw and Brant Sangster will be retiring from its board of directors effective at the May 2021 annual general meeting.
August 7, 2020, 6:38 AM MDT
Gibson Energy Inc. expects more reliance on storage during periods of limited egress in the medium to long-term, especially with pipeline upsets or to facilitate crude-by-rail, possibly leading customers to increasing available storage.
August 6, 2020, 12 AM MDT
Keyera Corp. made significant progress to enhance its long-term competitive positioning by reducing its overall cost structure in the second quarter. The company expects these efforts to contribute a total annual improvement in earnings before tax of between $45 million and $65 million, with the majority to begin in 2021.
August 6, 2020, 1:12 PM MDT
While the economic and commodity price environment remains uncertain due to the recent surge in COVID-19 cases globally, Keyera Corp. said it “continues to focus on what we can control and take prudent steps to address the short-term challenges and enhance the long-term success of the company and our customers.
August 6, 2020, 1:13 PM MDT
CSV Midstream Solutions Corp. completed the expansion of its Karr 6-18 sour natural gas processing plant acquired from Paramount Resources Ltd. in 2019.
August 6, 2020, 7:17 AM MDT
Gibson Energy Inc. saw the return of a ‘more normalized’ business environment during the second quarter, which included resumed discussions with several potential customers for both additional tankage and future diluent recovery unit (DRU) phases in Hardisty, with the economy reopening and the partial recovery in oil prices.
August 5, 2020, 9:43 AM MDT
AltaGas Ltd. managed to do something in its second quarter that is somewhat unique these days in the Canadian oil and gas sector — produce a solid profit and even provide an optimistic outlook — despite the headwinds created by the COVID-19 pandemic.
July 30, 2020, 9:42 AM MDT
Wolverine Energy and Infrastructure Inc. hired Matthew Greenberg as the vice-president of finance.
July 28, 2020, 6:08 PM MDT
Vertical integration has paid off for oil producers who have spread risk throughout the value chain while capturing increased revenues by adding value along the way.
July 22, 2020, 7:11 AM MDT
When it comes to its nine natural gas plants connected with an extensive pipeline network, Peyto Exploration & Development Corp.’s focus of late has been on attracting nearby third-party volumes, says the chief operating officer.
July 10, 2020, 7:20 AM MDT
Pembina Pipeline Corporation is putting a lot of time and effort into improving cost efficiencies and getting projects shovel ready for what it believes will be higher commodity prices beginning late next year, its chief executive said Wednesday.
July 9, 2020, 7:39 AM MDT
Topaz Energy Corp. has completed a strategic infrastructure acquisition whereby it acquired, for cash consideration of $100 million, a 12.5 per cent working interest in Advantage Oil & Gas Ltd.'s Glacier gas plant, which has raw gas processing capacity of 400 mmcf/d and services the Montney.
July 2, 2020, 11:09 AM MDT
Tidewater Midstream and Infrastructure Ltd. announces that, with its partner TransAlta Corporation, it has entered into a definitive purchase and sale agreement with respect to the previously announced sale of the Pioneer Pipeline to NOVA Gas Transmission Ltd., a wholly-owned subsidiary of TC Energy Corporation, for total cash consideration of $255 million.
June 18, 2020, 9:42 AM MDT
AltaGas Ltd. has completed its issue of $500 million of senior unsecured medium term notes with a coupon rate of 2.157 per cent, maturing on June 10, 2025.
June 10, 2020, 9:04 AM MDT
AltaGas Ltd. has agreed to issue $500 million of senior unsecured medium-term notes with a coupon rate of 2.157 per cent, maturing on June 10, 2025.
June 9, 2020, 12 AM MDT
Inter Pipeline Ltd. has agreed to issue $700 million of senior unsecured medium-term notes in the Canadian public debt market.
May 29, 2020, 12 AM MDT
Keyera Corp. has closed its previously announced offering of $400 million of senior unsecured medium term notes.
May 29, 2020, 8:31 AM MDT
Pembina Pipeline Corporation has agreed to issue $500 million of senior unsecured medium-term notes.
May 26, 2020, 3:45 PM MDT
Keyera Corp. has agreed to issue $400 million of senior unsecured medium term notes.
May 26, 2020, 3:49 PM MDT
Keyera Corp. appointed Eileen Marikar as senior vice-president and CFO.
May 20, 2020, 12 AM MDT
Over the past week or so, Tidewater Midstream and Infrastructure Ltd. has seen a significant improvement at its Prince George refinery in rack prices for gasoline and diesel along with increased demand, the company’s chief executive said Thursday.
May 15, 2020, 6:11 AM MDT
As producers slash their capital programs, Keyera Corp. is working with its natural gas gathering and processing customers, where appropriate, to develop mutually beneficial solutions to help keep their volumes flowing in the short term, says a company executive.
May 13, 2020, 3:58 PM MDT