Pembina Pipeline Corp. is cutting its capital spending plan for this year by up to $1.1 billion due to the COVID-19 pandemic and the plunge in oil prices. The company now expects its revised 2020 capital budget to between $1.2…
Tag: Pembina Pipeline
Calgary-based energy firm withdraws permit application for controversial Oregon pipeline
An Alberta energy company has withdrawn its application for a state permit for a controversial natural gas pipeline and export terminal in Oregon, and a project spokesperson said Friday it is instead awaiting possible federal approval. Two Oregon state lawmakers…
Alberta petrochemical project cost estimate rises to about $4.9 billion
By Staff The Canadian Press Posted January 8, 2020 2:02 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ The cost of a petrochemical project near Edmonton designed to turn propane into plastic pellets…
Pembina Pipeline $4.3B deal to buy Kinder Morgan cleared by Competition Bureau
Pembina Pipeline Corp. says the Canadian Competition Bureau has signed off on its $4.3-billion deal to buy assets from Kinder Morgan Inc. The Calgary-based company says the receipt of the “no-action letter” from the bureau clears the final regulatory hurdle…
‘Noise’ makes Trans Mountain pipeline bid unlikely: Pembina CEO
The CEO of Pembina Pipeline Corp. says the Trans Mountain pipeline system would fit neatly into his company’s business model but he wouldn’t want the “noise” associated with its controversial expansion project. On a conference call to discuss his company’s…
Pembina to buy Kinder Morgan Canada, U.S. part of Cochin pipeline for $4.35B
Pembina Pipeline Corp. has signed a deal to buy Kinder Morgan Canada Ltd. and the U.S. portion of the Cochin pipeline system in an agreement it valued at a total of about $4.35 billion. Upon closing of the deal with…
Pembina going ahead with polypropylene plant joint venture with Kuwaiti firm
A $4.5-billion Alberta project to turn propane into plastic will help deliver world prices to land-locked western Canadian oil and gas producers, says Calgary-based Pembina Pipeline Ltd. The company announced Monday it has decided with its joint venture partner, Kuwait’s…