Reuters Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp. Pembina has made an all-stock bid of about C$8.3 billion, while Brookfield had offered C$8.48 billion, with an all-cash option. Brookfield said on Thursday shareholders can now elect
Reuters Imperial Oil Ltd on Wednesday said it had shut all production at its 220,000 barrel-per-day Kearl oil sands site in Canada due to an outage at a third-party diluent pipeline following a leak detected on Aug. 29. “The impact of the outage and a timeline for restart is unknown at this time,” the company said in a release. Apart
Inter Pipeline Announces Capital Expenditure Program for 2019
Incentives to draw PetroChem developers was Alberta’s royalty credits Inter Pipeline Ltd. (ticker: IPL) is getting help from the Canadian Government to build a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant with a price tag of $3.5 billion. The facilities will be collectively referred to as the Heartland Petrochemical Complex, the $3.5 billion superstructure is designed to process
CALGARY, ALBERTA–(Marketwired – Dec. 21, 2015) – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today a $250 million capital expenditure program for 2016, primarily directed towards its conventional oil gathering and oil sands transportation businesses. Organic growth projects are expected to account for approximately $190 million of total capital expenditures, with sustaining capital requirements accounting for the remainder. As expected,
Back in November 2014, Oil & Gas 360® asked an analysts who follows the MLP space closely if MLPs were a fad. He responded, “This is like asking me if Western Civilization is a fad.” That exchange occurred on Nov. 18, 2014, nine days prior to last Thanksgiving Day’s OPEC announcement. The very one that sent the price of crude oil—along with
Inter Pipeline Announces April 2015 Cash Dividend Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.1225 per share for April 2015. This dividend will be paid on or about May 15th, 2015 to shareholders of record on April 22nd, 2015. This dividend is designated as an “eligible dividend” for Canadian tax purposes. Since
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
