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Stock Market & Financial Investment News

News Breaks
November 29, 2012
07:55 EDTPBA, PBAPembina Pipeline to host investor day
Investor day to be held in Canada on December 4 at 8:30 am. Webcast Link
News For PBA From The Last 14 Days
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May 21, 2015
09:29 EDTPBAPembina Pipeline to provide terminaling services for Sturgeon refinery
Pembina Pipeline announced that it will provide terminalling services for the North West Redwater Partnership with respect to North West's planned refinery. Separately, the company also announced that it has entered into agreements to construct a new pipeline lateral in the Karr area of Alberta to service growing production from the Montney resource play. Pembina expects a capital investment of $180 million will be required to construct the terminalling facilities. The facilities include truck and rail loading, storage, as well as handling and processing equipment for a variety of products delivered from North West. Subject to regulatory and environmental approvals, the facilities are expected to be in service mid-2017. Previously, North West had entered into agreements for terminalling services with Provident Energy Ltd., which was acquired by Pembina on April 2, 2012. Since that time, the development of the project has progressed and changes have been included in the project's scope. The $180 million of expected capital is included in Pembina's previously disclosed suite of projects totalling $5.9 billion. The Company expects the Karr Lateral to cost $55 million and have a capacity of approximately 30,000 barrels per day. The Karr Lateral is underpinned by long-term, fee-for-service agreements, which include substantial take-or-pay commitments from several of Pembina's customers. A portion of the volume under contract on the Karr Lateral will be incremental to Pembina's previously disclosed committed volumes. The Karr Lateral will flow from legal land description 01-28-65-03 west of the 6th meridian to Pembina's terminal in the Lator area of northwest Alberta where several companies are developing significant Montney acreage. Subject to regulatory and environmental approvals, Pembina expects the Karr Lateral to be in-service in early-2016.

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