With its pipeline, NGL extraction and storage business providing stable cash flow, Inter Pipeline Ltd. is focused on maintaining liquidity through the pandemic and commodity crunch, while completing construction and finding a partner for its Heartland Petrochemical Complex, analysts heard at the company’s quarterly conference call Friday.
May 8, 2020, 11:46 AM MDT
Pembina Pipeline Corporation recorded first quarter 2020 earnings of $314 million, in line with $313 million in the comparable 2019 period.
May 8, 2020, 11:17 AM MDT
May 8, 2020, 7:57 AM MDT
Kelt Exploration Ltd. says it is taking measures to reduce production levels to protect against selling oil at negative margins and to preserve value.
May 7, 2020, 6:45 AM MDT
In response to the current shift in commodity prices, Advantage Oil & Gas Ltd. has lowered 2020 capital guidance to between $130 million and $145 million, with plans to moderate liquids growth and focus spending on the highest rate-of-return investments at Glacier.
May 7, 2020, 7:09 AM MDT
Even as COVID-19 continues to takes its toll on the business, Gibson Energy Inc. is meeting the environmental, social and governance (ESG) expectations of its stakeholders on a broad range of issues, as highlighted in its newly-released and inaugural sustainability report.
May 5, 2020, 5:34 PM MDT
Gibson Energy Inc. witnessed a “profound shift” near the end of the first quarter in the near- to- medium-term outlook for the global energy industry with the outbreak of COVID-19, says management.
May 5, 2020, 9:55 AM MDT
The Ridley Island Propane Export Terminal (RIPET) contributed $27 million of normalized EBITDA in the first quarter of 2020 on exports of 35,141 bbls/d for delivery to Asian markets, reported AltaGas Ltd.
April 30, 2020, 6:50 AM MDT
Inter Pipeline Ltd. has entered into a new $1 billion unsecured revolving credit facility with a syndicate of key lenders.
April 24, 2020, 10:27 AM MDT
Keyera Corp. is reducing its 2020 capital program following a decision to defer construction of the Key Access Pipeline System (KAPS) for one year.
April 22, 2020, 11:42 AM MDT
Advantage Oil & Gas Ltd. is selling a 12.5 per cent interest in the Glacier gas plant to a strategic partner for $100 million cash proceeds.
April 13, 2020, 7:50 AM MDT
Canada will likely shut-in more than 1.1 million bbls/d of production in Q2 2020 as COVID-19 devastates global oil demand and producing countries fail to agree on output cuts, says Rystad Energy AS.
April 9, 2020, 9:24 AM MDT
Keyera Corp. plans to suspend operations at four of its gas plants located in west-central Alberta.
April 9, 2020, 7:21 AM MDT
Inter Pipeline Ltd. says it is exploring partnership opportunities on its Heartland Petrochemical Complex among other measures to provide greater financial strength and flexibility for its capital program in response to lower global energy prices and the COVID-19 pandemic.
March 30, 2020, 9:58 AM MDT
Industry must cut Western Canada’s crude production by some 11 per cent for April, says Rystad Energy AS, as the country is days away from running out of available storage capacity given the large global supply surplus created by the COVID-19 demand deconstruction and an ongoing Saudi-Russia oil price war.
March 25, 2020, 8:30 AM MDT
Pipestone Energy Corp. was notified by Keyera Corp. on March 16, 2020 of an unplanned outage related to the amine train at the Keyera Wapiti plant.
March 20, 2020, 8:51 AM MDT
In response to the COVID-19 pandemic and the recent significant decline in global energy prices, Pembina Pipeline Corporation has announced an overall reduction of $900 million to $1.1 billion (about 40 to 50 per cent) in its 2020 capital spending plans.
March 18, 2020, 10:28 AM MDT
March 17, 2020, 8:06 AM MDT
Keyera Corp. says it takes a long-term view of its business and remains committed to its strategy of delivering steady disciplined growth to create long-term value for shareholders.
March 16, 2020, 11:26 AM MDT
New assets placed into service in 2019, including the Pipestone Gas Plant and the acquisition of the Prince George Refinery, helped Tidewater Midstream and Infrastructure Ltd. post record adjusted EBITDA of nearly $40 million (12 cents per share) in the fourth quarter of 2019.
March 13, 2020, 11:01 AM MDT
TC Energy Corporation’s NOVA Gas Transmission Ltd. (NGTL), announced an exclusive letter of intent with Tidewater Midstream and Infrastructure Ltd. and TransAlta Corporation to purchase the Pioneer Pipeline for $255 million.
March 12, 2020, 7:17 AM MDT
Marty Staples, currently manager land at Tourmaline Oil Corp., will be joining Topaz as the president and chief executive officer.
March 12, 2020, 7 AM MDT
Pembina Pipeline Corporation continues to wait for a decision from the United States Federal Energy Regulatory Commission (FERC) on its Jordan Cove LNG project in Oregon, a company executive said today.
February 28, 2020, 11:24 AM MST
Pembina Pipeline Corporation in response to customer demand has decided to proceed with a $175 million expansion of its Prince Rupert propane export terminal which currently is under construction on Watson Island, the company said today.
February 28, 2020, 10:44 AM MST
AltaGas Ltd. says propane exports to China and other Asian countries from its Ridley Island Propane Export Terminal (RIPET) in Prince Rupert have not been negatively affected by the coronavirus outbreak.
February 28, 2020, 11:43 AM MST