Pembina Pipeline

Baker Hughes to Supply Electric-driven Liquefaction Technology for Cedar LNG Project 

Retrieved on: 
Friday, April 5, 2024
Electricity, Pembina Pipeline, Black & Veatch, Turbomachinery, Baker Hughes, Black, Cedar, Carbon, Haisla Nation, Process, Natural gas

Baker Hughes will supply a range of turbomachinery equipment, including four electric-driven main refrigeration compressors, two electric-driven boil-off gas compressors and six centrifugal pumps.

Key Points: 
  • Baker Hughes will supply a range of turbomachinery equipment, including four electric-driven main refrigeration compressors, two electric-driven boil-off gas compressors and six centrifugal pumps.
  • Powered by renewable electricity, Cedar LNG will be one of the lowest carbon intensity LNG facilities in the world.
  • The Cedar LNG project brings together the Haisla Nation and Pembina Pipeline Corporation (Pembina) to develop the Haisla Nation-led project.
  • “The Cedar LNG project represents an important step toward reducing carbon emissions through lower-carbon LNG facilities that can supply customers looking to move away from more carbon intensive feedstocks.

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

Retrieved on: 
Thursday, April 4, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Pembina Pipeline, PBA, CIBC, PPL, Haisla, Black & Veatch, Montney, British Columbia, MUFG Bank, Environment, Natural gas, Growth, Coastal GasLink Pipeline, Project, Notice, Partnership, Risk, FID, Knowledge, Environmental impact assessment, ARC Resources, Black, LLP, Carbon, King & Spalding, TSX, Engineering, Climate change, Hydrocarbon, Samsung Heavy Industries, CGL, ARC, WCSB, Haisla Nation, Capital, NGL, Multimedia, BC Hydro, Marketing, Government, NTP, Panama Canal, Economics, EPC

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 Announces Closing of Acquisition of Enbridge’s Interest in Alliance/Aux Sable and Raises 2024 Guidance

Retrieved on: 
Monday, April 1, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Indian stock exchange, Pembina Pipeline, PBA, PPL, Acquisition, Toronto Stock Exchange, TSX, Multimedia, Marketing, Subscription business model, Transaction

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has completed its previously announced acquisition of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures (the "Transaction").

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has completed its previously announced acquisition of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures (the "Transaction").
  • View the full release here: https://www.businesswire.com/news/home/20240328714094/en/
    "We are excited to further enhance our business by increasing our ownership in Alliance and Aux Sable.
  • No further Dividend Equivalent Payment will be paid or is payable to holders of Subscription Receipts in connection with closing of the Transaction.
  • In conjunction with closing, Pembina has updated its 2024 adjusted EBITDA guidance range to $4.05 billion to $4.30 billion (previously $3.725 to $4.025 billion).

Pembina Pipeline Corporation Receives Canadian Competition Bureau Approval for the Proposed Acquisition of Enbridge’s Interest in Alliance/Aux Sable

Retrieved on: 
Tuesday, March 19, 2024
Oil, Gas, Energy, Multimedia, Pembina Pipeline, PBA, PPL, Acquisition, TSX, Commissioner, Competition Bureau, Transaction, Competition

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures (the "Transaction").

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures (the "Transaction").
  • The receipt of the "no-action letter" satisfies the last material regulatory condition necessary for completion of the Transaction, which is expected to occur on April 1, 2024.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240319734451/en/

Pembina Pipeline Corporation Announces Conversion Results for Series 17 Preferred Shares

Retrieved on: 
Monday, March 18, 2024
Oil, Gas, Energy, Series, Pembina Pipeline, PBA, PPL, Multimedia, TSX, Series 17, Rate, Security (finance)

Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 ("Series 17 Shares") (TSX: PPL.PR.Q) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 18 of Pembina ("Series 18 Shares") on March 31, 2024.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 ("Series 17 Shares") (TSX: PPL.PR.Q) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 18 of Pembina ("Series 18 Shares") on March 31, 2024.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240318885366/en/
    After taking into account all the conversion notices received from holders of its outstanding Series 17 Shares by the March 18, 2024 deadline for the conversion of the Series 17 Shares into Series 18 Shares, less than the 1,000,000 Series 17 Shares required to give effect to conversions into Series 18 Shares were tendered for conversion.

Pembina Pipeline Corporation Provides Notice of Series 17 Preferred Share Conversion Right and Announces Reset Dividend Rates

Retrieved on: 
Friday, March 1, 2024
Supply Chain Management, Retail, Transport, Logistics, Oil, Gas, Energy, Multimedia, TSX, Rate, Exercise, PPL, Pembina Pipeline, Government, Series 17, Government of Canada, Series, PBA, Security (finance)

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 ("Series 17 Shares") (TSX: PPL.PR.Q) on March 31, 2024.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 ("Series 17 Shares") (TSX: PPL.PR.Q) on March 31, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240301006874/en/
    As a result of the decision not to redeem the Series 17 Shares, and subject to certain terms of the Series 17 Shares, the holders of the Series 17 Shares will have the right to elect to convert all or part of their Series 17 Shares on a one-for-one basis into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 18 of Pembina ("Series 18 Shares") on March 31, 2024 (the "Conversion Date").
  • Holders who do not exercise their right to convert their Series 17 Shares into Series 18 Shares will retain their Series 17 Shares.
  • As provided in the terms of the Series 17 Shares: (i) if Pembina determines that there would remain outstanding immediately following the conversion less than 1,000,000 Series 17 Shares, then all remaining Series 17 Shares will be automatically converted into Series 18 Shares on a one-for-one basis effective as of the Conversion Date; or (ii) if Pembina determines that there would be less than 1,000,000 Series 18 Shares outstanding immediately following the conversion, no Series 17 Shares will be converted into Series 18 Shares on the Conversion Date.

Pembina Pipeline Corporation Files 2023 Year-End Disclosure Documents

Retrieved on: 
Friday, February 23, 2024
Other Natural Resources, Transport, Logistics, Supply Chain Management, Oil, Gas, Energy, Natural Resources, TSX, PPL, Multimedia, Bank statement, Form, Pembina Pipeline, PBA, Cryptocurrency

Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) has filed its audited consolidated financial statements for the year ended December 31, 2023, related management's discussion, and analysis and its annual information form for the year ended December 31, 2023 with Canadian securities regulatory authorities.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) has filed its audited consolidated financial statements for the year ended December 31, 2023, related management's discussion, and analysis and its annual information form for the year ended December 31, 2023 with Canadian securities regulatory authorities.
  • Pembina has also filed its Form 40-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission.
  • View the full release here: https://www.businesswire.com/news/home/20240223418031/en/
    Copies of the filed documents are available at www.sedarplus.ca , www.sec.gov (for the Form 40-F) and in the Investors section of the Company’s website at www.pembina.com .
  • Shareholders may also request a printed copy of the audited consolidated financial statements and related management's discussion and analysis free of charge by contacting Investor Relations at [email protected] or 1-855-880-7404.

Pembina Pipeline Corporation Announces Conversion Results for Series 3 Preferred Shares

Retrieved on: 
Thursday, February 15, 2024
Oil, Gas, Natural Resources, Energy, Other Natural Resources, Other Energy, TSX, PPL, Series 4, Rate, Series 3, Multimedia, Pembina Pipeline, PBA, Security (finance)

Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 ("Series 3 Shares") (TSX: PPL.PR.C) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 4 of Pembina ("Series 4 Shares") on March 1, 2024.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 ("Series 3 Shares") (TSX: PPL.PR.C) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 4 of Pembina ("Series 4 Shares") on March 1, 2024.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240215660248/en/
    After taking into account all the conversion notices received from holders of its outstanding Series 3 Shares by the February 15, 2024 deadline for the conversion of the Series 3 Shares into Series 4 Shares, less than the 1,000,000 Series 3 Shares required to give effect to conversions into Series 4 Shares were tendered for conversion.

Pembina Pipeline Corporation Provides Notice of Series 3 Preferred Share Conversion Right and Announces Reset Dividend Rates

Retrieved on: 
Wednesday, January 31, 2024
Other Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Energy, Other Transport, Multimedia, Pembina Pipeline, Exercise, Government, TSX, Series 4, Government of Canada, PPL, PBA, Rate, Security (finance)

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 ("Series 3 Shares") (TSX: PPL.PR.C) on March 1, 2024.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 ("Series 3 Shares") (TSX: PPL.PR.C) on March 1, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240131875822/en/
    As a result of the decision not to redeem the Series 3 Shares, and subject to certain terms of the Series 3 Shares, the holders of the Series 3 Shares will have the right to elect to convert all or part of their Series 3 Shares on a one-for-one basis into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 4 of Pembina ("Series 4 Shares") on March 1, 2024 (the "Conversion Date").
  • Holders who do not exercise their right to convert their Series 3 Shares into Series 4 Shares will retain their Series 3 Shares.
  • The Floating Quarterly Dividend Rate will be reset on the first day of March, June, September and December in each year.

Pembina Pipeline Corporation Announces Closing of $1.8 Billion Public Note Offering

Retrieved on: 
Friday, January 12, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Alliance Pipeline, Multimedia, PBA, PPL, TSX, Acquisition, Offering, Pembina Pipeline, News, Note, Security (finance)

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $1.8 billion aggregate principal amount of senior unsecured medium-term notes (the "Offering").

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $1.8 billion aggregate principal amount of senior unsecured medium-term notes (the "Offering").
  • This press release features multimedia.
  • This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes in any jurisdiction.
  • The notes have not been approved or disapproved by any regulatory authority.