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Pembina Pipeline is a reliable energy transportation and service provider. From humble beginnings in 1954 to today, building something extraordinary.
After six decades of success, They have grown into one of Canada's largest integrated energy infrastructure companies. Their pipelines transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. They also own gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business.
1954: The company's roots can be traced back when the Pembina Pipeline system was built to serve the Pembina oil field in the region of Drayton Valley, Alberta. Pembina Pipe Line Ltd was incorporated that year on September 24.
1997: They bought half of the Bonnie Glen System, a 250 km long network serving oil fields in central Alberta. It wasn’t until the 4th quarter of that year that Pembina joined the Toronto Stock Exchange, going public with an IPO of over $600 mn; at the same time, it converted to an income fund (trust). This was also the year Inter Pipeline Fund the leading transporter of oil-sands bitumen, was established.
2000: Pembina made its biggest move to date that doubled its size overnight when it took over Federated Pipe Lines Ltd which added 3,200 km of pipeline to Pembina’s transportation network.
2003: Pembina completed an expansion of the AOSPL line, which boosted the pipeline’s capacity by 275,000 bbls/d.
2004: Completed in mid-year for $164 million.
2007: The Cheecham Lateral was completed, the pipeline serves oil sand producers operating southeast of Fort McMurray, Alberta.
2009: In June, Pembina made a strategic entry into the Gas Services business when it acquired the Cutbank Complex for $300 million.
2010: In October, Pembina Pipeline Income Fund was converted to Pembina Pipeline Corporation.
2012: Announced a $550 million capital spending plan, targeted at projects in conventional pipelines and gas services businesses. Pembina purchased Provident Energy, a Canadian company, for $3.1 billion in stock.
2017: It purchased Veresen, a rival energy infrastructure company, for $9.7 billion.
2019: Pembina purchased Kinder Morgan Canada Limited, along with a portion of the Cochin pipeline, for $4.35 billion.
“Operations along the hydrocarbon value chain allow us to offer a full slate of midstream and marketing services to our customers in the energy industry.”
“Keeping an eye out for opportunities to connect hydrocarbon production to new demand locations. Developments that help ensure hydrocarbons are produced in Western Canada.”
https://en.wikipedia.org/wiki/Pembina_Pipeline
https://www.zippia.com/pembina-pipeline-careers-1393042/
https://www.crunchbase.com/organization/pembina-pipeline-corporation
https://www.companieshistory.com/pembina-pipeline/
https://sec.report/CIK/0001546066
https://companiesmarketcap.com/largest-companies-by-revenue/
https://finance.yahoo.com/quote/PBA/
https://www.investing.com/equities/pembina-pipeline-corp
https://www.forbes.com/companies/pembina-pipeline/
https://www.annualreports.com/Company/Pembina-Pipeline
https://www.reuters.com/companies/PPL.TO
