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Stock Market & Financial Investment News

News Breaks
February 13, 2013
17:31 EDTPBAPembina Pipeline to proceed with Peace Pipeline expansion
Pembina Pipeline has reached its contractual threshold to proceed with its previously announced plans to significantly expand its crude oil and condensate throughput capacity on its Peace Pipeline by 55,000 barrels per day. The crude oil and condensate portion of the Peace Pipeline is currently operating at capacity. Pembina is working to complete its previously announced Phase 1 LVP Expansion, which will expand crude oil and condensate capacity on this system by an additional 40,000 bpd to reach 195,000 bpd by October. Pembina expects the total cost of Phase 2 LVP Expansion to be approximately $250m. Pembina anticipates being able to bring the expansion into service by late-2014.
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September 10, 2014
16:27 EDTPBAPembina Pipeline raises capacity of Phase 3 pipeline expansion
Pembina Pipeline announced that due to strong customer demand, it plans to expand its previously announced Phase III pipeline expansions by constructing a new 16" diameter pipeline from Fox Creek, Alberta into Namao, Alberta and a new 12" diameter pipeline from Wapiti, Alberta into Kakwa, Alberta. The 16" diameter pipeline will span approximately 270 kilometres in length and be built in the same right-of-way as the proposed 24" diameter pipeline from Fox Creek to Namao. Pembina expects the two pipelines to initially have a combined capacity of 420,000 barrels per day and an ultimate capacity of over 680,000 bpd with the addition of midpoint pump stations. Since December 2013, Pembina has secured an additional 59,000 bpd under contract. With these commitments, total volumes under contract are approximately 289,000 bpd, or 69% of the initial combined capacity. The proposed Wapiti to Kakwa Pipeline is intended to debottleneck a portion of Pembina's existing pipeline system. It will be approximately 70 km in length and is expected to have an initial capacity of approximately 95,000 bpd. This debottleneck will ultimately allow product to be delivered into the Company's core segment of the Phase III Expansion between Fox Creek and Namao. As part of this project, Pembina also plans to build two new pump stations. Subject to regulatory approval, Pembina expects the Wapiti to Kakwa Pipeline to be in-service in late-2016 to mid-2017, consistent with the timing of the initial expansion. Combined, Pembina expects to incur additional capital expenditures for the additional 16" diameter pipeline and the Wapiti to Kakwa Pipeline of approximately $435M, bringing total estimated capital for the Phase III Expansion to $2.44B.
September 4, 2014
17:24 EDTPBAPembina Pipeline advances Phase III pipeline expansion
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September 2, 2014
07:46 EDTPBAPembina Pipeline announces $650M acquisitions in Canada
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07:28 EDTPBAPembina Pipeline selects site for West Coast propane export terminal project
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