CALGARY, March 18, 2016 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to provide an update regarding commissioning and other developments for projects within the Company's Midstream business. Crude Oil Midstream Pembina's crude oil midstream business continues to progress its Canadian Diluent Hub ("CDH"). CDH is expected to be the primary access point for Oilsands producers to source a significant and growing supply of [Read more]
Headlines
Oil industry downturn makes for low bidding for Stampede chuckwagon ads
CALGARY - Mark Sutherland knows first-hand just how bad the downturn in Canada's oil and gas sector really is.The 45-year-old chuckwagon driver was one of the first to lose his job in 2015 in community relations at a major oil and gas company after 15 years on the job.He saw the impact again Thursday night at the annual chuckwagon canvas auction for the Calgary Stampede.That's the event that gives businesses a chance to bid on one of 36 chuckwagon drivers. The winners pay to have their company [Read more]
Pine Cliff Energy Ltd. Announces its Fourth Quarter and Annual 2015 Results
CALGARY, ALBERTA--(Marketwired - March 17, 2016) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce its fourth quarter and year-end financial and operating results and the filing of its 2015 disclosure documents. Included in the Canadian filings were Pine Cliff's annual information form ("AIF"), including disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51-101 Standards of Disclosure for Oil [Read more]
Bonterra Energy Corp. Announces Year End 2015 Results
CALGARY, ALBERTA--(Marketwired - March 17, 2016) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") is pleased to announce its operating and financial results for the year ended December 31, 2015. The related financial statements and notes, as well as management's discussion and analysis (MD&A) for the year ended December 31, 2015, are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Bonterra's [Read more]
Pembina Pipeline Corporation Announces $300 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - March 17, 2016) - All financial figures are in Canadian dollars. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL)(NYSE:PBA) announced today that it has entered into an agreement with a syndicate of underwriters, co-led by Scotiabank and RBC Capital Markets, pursuant to which the underwriters have agreed to purchase from Pembina on a "bought deal" basis and sell to the public 8,825,000 common shares at a price of $34.00 per share, for gross [Read more]
TransCanada Announces $4.209 Billion Bought Deal Offering of Subscription Receipts
CALGARY, ALBERTA--(Marketwired - March 17, 2016) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Corporation) today announced that it has entered into an agreement with a syndicate of underwriters (the Underwriters) led by RBC Capital Markets and TD Securities Inc. under which they have agreed to purchase from TransCanada and sell to the public 92.0 million Subscription Receipts at a price of $45.75 per Subscription Receipt for total gross proceeds of $4.209 billion (the [Read more]
TransCanada to Acquire Columbia Pipeline Group for US$13 Billion
CALGARY, ALBERTA--(Marketwired - March 17, 2016) - Highlights: Acquisition creates one of North America's largest regulated natural gas transmission businesses linking the continent's most prolific natural gas supply basins to its most attractive markets Results in a combined $23 billion portfolio of secured, near-term growth projects Expected to be accretive to earnings per share in the first full year of ownership and thereafter as the combined $23 billion of near-term, commercially [Read more]
Pembina Pipeline Corporation Announces Acquisition of Strategic Midstream Assets for $556 Million and a Dividend Increase
CALGARY, March 17, 2016 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has entered into agreements to acquire certain sour natural gas processing assets (the "Acquired Assets") from Paramount Resources ("Paramount") for cash consideration of approximately $556 million, subject to customary closing adjustments (the "Transaction"). Transaction Highlights The Acquired Assets include Paramount's recently constructed [Read more]
Paramount Announces the Sale of Its Musreau Complex for Cash and Other Considerations in Excess of $600 Million and Releases Its 2015 Annual Results
CALGARY, ALBERTA--(Marketwired - March 17, 2016) - MIDSTREAM SALE Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to announce that it has entered into an agreement with a wholly-owned subsidiary of Pembina Pipeline Corporation ("Pembina") for the sale of its Musreau Complex and related midstream assets (the "Midstream Transaction") for cash and other considerations in excess of $600 million. The Midstream Transaction includes the 50 MMcf/d Refrigeration [Read more]
Company preparing feasibility study to ship oilsands crude by rail to Alaska
CALGARY - A rail company is getting ready to launch a feasibility study this spring into its plan to send trains full of oilsands bitumen from Fort McMurray, Alta., to Alaska.From Delta Junction, in the Alaska interior, the oil would move in an existing pipeline — currently running well below its capacity — to the port of Valdez, where it would be loaded onto tankers and shipped to Asia. The railway would run about 2,400 kilometres.Under the proposal from G Seven Generations Ltd., First Nations [Read more]