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Pembina Pipeline Corporation Reports Strong Results for the First Quarter 2024 and Raises Quarterly Common Share Dividend

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木曜日, 5月 9, 2024

Energy, Other Energy, Utilities, Oil, Gas, Carbon, Cedar, Partnership, ARC Resources, PGI, Corporation, NGL, Web browser, ACG, Black, Tax, Emperor, WCSB, Phase, ARC, Natural gas, Transport, Engineering, NEBC, Marketing, BC Hydro, Facility, Weather, TC Energy, Ethane, RFS, Elk, Alliance Pipeline, Acquisition, Coastal GasLink Pipeline, Haisla Nation, Growth, AGM

In the first quarter of 2023, the impact of the Northern Pipeline system outage on Pipelines volumes was approximately 62 mbbls/d.

Key Points:

In the first quarter of 2023, the impact of the Northern Pipeline system outage on Pipelines volumes was approximately 62 mbbls/d.
For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject to Canadian withholding tax.
Further, we are pleased today to announce an increase in the quarterly common share cash dividend of 3.4 percent.
Pembina will hold an Investor Day on Thursday, May 16, 2024, in Toronto, Ontario at 6:30 a.m. MT (8:30 a.m.

TC Energy enters agreement to sell Prince Rupert Gas Transmission entities to Nisga’a Nation and Western LNG

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木曜日, 3月 14, 2024

Letter, Growth, TC, Partnership, Procurement, TRP, Sale, TC Energy, TSX, WCSB, Natural gas

CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that it has entered into a binding letter agreement with Nisga’a Nation and Western LNG (the Buyers) regarding the purchase and sale of all outstanding shares in Prince Rupert Gas Transmission Holdings Ltd. and the limited partnership interests in Prince Rupert Gas Transmission Limited Partnership (collectively, PRGT). PRGT is a wholly owned subsidiary of TC Energy and the developer of a natural gas pipeline project in British Columbia and potential delivery corridor that would further unlock Canada as a secure, affordable and sustainable source of LNG.

Key Points:

CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that it has entered into a binding letter agreement with Nisga’a Nation and Western LNG (the Buyers) regarding the purchase and sale of all outstanding shares in Prince Rupert Gas Transmission Holdings Ltd. and the limited partnership interests in Prince Rupert Gas Transmission Limited Partnership (collectively, PRGT).
PRGT is a wholly owned subsidiary of TC Energy and the developer of a natural gas pipeline project in British Columbia and potential delivery corridor that would further unlock Canada as a secure, affordable and sustainable source of LNG.
This transaction demonstrates TC Energy’s resolve toward delivering its 2024 strategic priorities while facilitating the development of critical energy infrastructure.
This is an important agreement that will see Indigenous co-ownership and development of an integrated LNG project.

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

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木曜日, 4月 4, 2024

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.

Key Points:

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.
Cedar LNG has secured a 20-year take-or-pay, fixed toll contract with ARC Resources for 1.5 million mtpa of LNG.
"We are proud to partner with Cedar LNG, the Haisla Nation and Pembina Pipeline who share our commitment to responsible energy development."
Once operational, Cedar LNG is expected to generate annual run-rate adjusted EBITDA of US$200 million to US$260 million, net to Pembina.

Pembina Pipeline Corporation Reports Record Results for the Fourth Quarter 2023, Provides Business Update, and Declares Quarterly Common Share Dividend

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木曜日, 2月 22, 2024

Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.

Key Points:

Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.
Results were impacted by higher incentive costs driven by Pembina's share price performance and increased shared service revenue.
On a per share (basic) basis, cash flow from operating activities was $1.60 per share for the fourth quarter and $4.79 per share for the full year.
ET) for interested investors, analysts, brokers and media representatives to discuss results for the fourth quarter of 2023.

Supreme Court dismisses Secure Energy's application to appeal the successful challenge of Secure and Tervita merger

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月曜日, 2月 26, 2024

Bureau, Petroleum, Tribunal, Natural gas, Competition Bureau, Secure, Sale, WCSB, Competition, SCC, Columbia, Federal court, Cave, Tervita, Supreme court, Water, Oil

GATINEAU, QC, Feb. 26, 2024 /CNW/ - The Competition Bureau welcomes the Supreme Court of Canada's (SCC) decision to dismiss an application by Secure Energy seeking leave to appeal the Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.

Key Points:

GATINEAU, QC, Feb. 26, 2024 /CNW/ - The Competition Bureau welcomes the Supreme Court of Canada's (SCC) decision to dismiss an application by Secure Energy seeking leave to appeal the Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.
The Bureau recently approved R360 Environmental Solutions Canada Inc. as the buyer of the 29 facilities.
The facilities include 17 treatment, recovery, and disposal facilities, 4 standalone water disposal wells, 6 landfills and 2 caverns.
Secure acquired these facilities as part of the merger.

Pembina Pipeline Corporation Announces 2024 Guidance and Provides Business Update

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月曜日, 12月 11, 2023

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its 2024 financial guidance and provided a business update.

Key Points:

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its 2024 financial guidance and provided a business update.
Pembina continues to progress the previously disclosed 40,000 barrels per day ("bpd") expansion of its NEBC Pipeline system and evaluate additional pipeline and terminal infrastructure in the region.
At the midpoint of the 2024 guidance range, volumes in Pembina's conventional pipelines business and gas processing business are expected to be approximately nine percent and three percent higher, respectively.
A lower contribution from the Cochin Pipeline due to lower contracted tolls beginning in the third quarter of 2024.

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

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水曜日, 9月 6, 2023

Lithium, Feasibility study, GAAP, Volume, Performance, NEWS, E3, News, NYSE, Automation, Minority, DLE, OTCQB, FNM, Research, NewCo, TSX, Growth, Security (finance), LAC, Proxy, WCSB, Ceramic, NOT, Albemarle Corporation, PFS, Kindersley, FS, ALB, Glass, KPI-driven code analysis, Urbanization, Form 10-K, ASX, Separation, Sale, NEVER, Thacker Pass Lithium Mine, ANY, OTCQX, Health, Annual report, Oil, Indigo, Lithium Corporation of America

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector. A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over. The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include: Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points:

A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

Retrieved on:

水曜日, 9月 6, 2023

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector. A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over. The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include: Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points:

A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

Federal Court of Appeal upholds Competition Bureau's successful challenge of Secure and Tervita merger

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水曜日, 8月 2, 2023

Petroleum, Competition Act, Federal Court of Appeal, Federal court, Competition Tribunal, Competition, Secure Energy Services, Tribunal, Columbia, Natural gas, Tervita, Competition Bureau, WCSB, Sport, Oil, QC, Bureau

GATINEAU, QC, Aug. 2, 2023 /CNW/ -The Federal Court of Appeal has dismissed a petition by Secure Energy Services, upholding the Competition Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.

Key Points:

GATINEAU, QC, Aug. 2, 2023 /CNW/ -The Federal Court of Appeal has dismissed a petition by Secure Energy Services, upholding the Competition Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.
Secure's appeal looked to overturn a recent decision by the Competition Tribunal that ordered the company to sell 29 facilities to resolve ongoing harm to competition in Western Canada.
The Tribunal concluded that there was a substantial lessening of competition in 136 local markets in the Western Canadian Sedimentary Basin (WCSB) as a result of Secure's merger with Tervita Corporation.
In its decision, the Federal Court of Appeal found no merit in any of the issues raised by Secure in its appeal.

Competition Bureau successful in challenge of Secure and Tervita merger

Retrieved on:

火曜日, 3月 7, 2023

Secure Energy Services, Commissioner, Columbia, Bureau, Federal court, Tribunal, Acquisition, Competition, Competition Act, Hearing, WCSB, QC, Tervita, Competition Tribunal, Natural gas, Federal Court of Appeal, Petroleum, Oil

GATINEAU, QC, March 7, 2023 /CNW/ - On March 3, 2023, the Competition Tribunal ruled in favour of the Commissioner of Competition in his challenge of Secure Energy Services' acquisition of Tervita Corporation.

Key Points:

GATINEAU, QC, March 7, 2023 /CNW/ - On March 3, 2023, the Competition Tribunal ruled in favour of the Commissioner of Competition in his challenge of Secure Energy Services' acquisition of Tervita Corporation.
The Tribunal ordered Secure to sell 29 facilities to resolve the substantial lessening of competition found in 136 relevant markets.
The Bureau launched its challenge on June 29, 2021 when it filed an application with the Competition Tribunal.
Prior to the merger, Secure and Tervita were the two largest suppliers of oilfield waste services in the WCSB.