Keyera

Stonepeak Completes Acquisition of Interest in KAPS

Retrieved on: 
Wednesday, April 26, 2023
Energy, Professional Services, Oil, Gas, Finance, TSX, Coal, Transport, Atlas, Senior, Keyera, Natural gas, Western Canada, KAPS, Fort Saskatchewan

Keyera Corp. (TSX: KEY) will continue to own the remaining 50 percent of KAPS and operate the asset.

Key Points: 
  • Keyera Corp. (TSX: KEY) will continue to own the remaining 50 percent of KAPS and operate the asset.
  • The system also has the ability to expand to include additional pump stations in a cost-effective manner should the basin require additional capacity.
  • KAPS’ infrastructure is well-positioned to support decarbonization and global energy security goals by supporting the ongoing global displacement of coal by natural gas.
  • This is part and parcel of our approach to investing in the energy sector at Stonepeak.”

Engine Capital Sends Letter to Parkland’s Board of Directors Outlining Paths to Enhance Shareholder Value

Retrieved on: 
Wednesday, March 22, 2023
Professional Services, Business, Finance, Petro, CalPERS, Canada, Pressure, Petro-Canada, Murphy USA, EV, MPC, Marathon, Policy, CST Brands, Bennett Jones, TFI International, Multimedia, CASY, TSR, DCP Midstream Partners, Carbon, Sale, Public expenditure, Magellan Midstream Partners, EBITDA, Parkland Corporation, Investment, Alimentation Couche-Tard, PKI, Capital, Marathon Petroleum, TSX, Canadian Utilities, Transport, Letter, Empire Company, Agency for Strategic Initiatives (Russia), NYSE, ISS, Leyland Royal Tiger PSU, Security (finance), Bank, Management, Marketing, Risk management, Cryptocurrency, Keyera

Adhere to best corporate governance practices by refreshing the Board and adding directors with convenience merchandising and capital allocation experience.

Key Points: 
  • Adhere to best corporate governance practices by refreshing the Board and adding directors with convenience merchandising and capital allocation experience.
  • Free cash flow per share is a critical measure as the Board takes into account capital expenditures and working capital.
  • In conclusion, we believe that the value creation opportunity at Parkland is significant and that there are meaningful levers for the Board to significantly enhance shareholder value in the public market.
  • On behalf of Engine, we look forward to working cooperatively with you to increase long-term shareholder value.

Plains All American Announces Sale of Minority Ownership Interest in Keyera Fort Saskatchewan Joint Venture

Retrieved on: 
Wednesday, December 14, 2022
Plains All American Pipeline, Security (finance), Sale, Competition Bureau, Transport, Plant, Propane, PAA, KFS, NGL, Partnership, Oil, Petroleum, Keyera, Plain

“Today’s win-win announcement allows us to monetize our 21% ownership of the KFS JV, while improving key connectivity for our Plains Fort Saskatchewan facility,” stated Willie Chiang, Chairman and CEO of Plains All American.

Key Points: 
  • “Today’s win-win announcement allows us to monetize our 21% ownership of the KFS JV, while improving key connectivity for our Plains Fort Saskatchewan facility,” stated Willie Chiang, Chairman and CEO of Plains All American.
  • “The sale proceeds will be utilized to further lower our leverage, strengthen our financial positioning and potentially reinvest in capital-efficient expansions and improvements at the Plains Fort Saskatchewan facility.”
    The divestiture includes all of Plains’ interest in the Keyera Fort Saskatchewan facility.
  • Plains’ Fort Saskatchewan facility is located near Edmonton, Alberta, one of the key North American NGL hubs, which consists of several different facilities and pipeline assets.
  • As previously disclosed, Plains is evaluating cost-efficient expansions of the Plains’ Fort Saskatchewan facility.

Stonepeak to Acquire Interest in KAPS

Retrieved on: 
Monday, December 12, 2022
Energy, Asset Management, Professional Services, Oil, Gas, LLP, Stikeman Elliott, Sidley Austin, Partner, Keyera, Montney, British Columbia, Deep Decarbonization Pathways Project, Transport, Partnership, MUFG Bank, ESG, Natural gas, Coal, Investment, Senior, Atlas, TSX, Oil, Renewable energy, Fort Saskatchewan, KAPS, LNG, Western Canada

Stonepeak Partners LP (together with its affiliates, Stonepeak), a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has entered into an agreement to acquire a 50 percent interest in KAPS, a Canadian natural gas liquids (NGL) pipeline system connecting Northwest Alberta to energy hubs in Edmonton and Fort Saskatchewan.

Key Points: 
  • Stonepeak Partners LP (together with its affiliates, Stonepeak), a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has entered into an agreement to acquire a 50 percent interest in KAPS, a Canadian natural gas liquids (NGL) pipeline system connecting Northwest Alberta to energy hubs in Edmonton and Fort Saskatchewan.
  • Keyera Corp. (TSX: KEY) will continue to own the remaining 50 percent of KAPS and operate the asset.
  • KAPS infrastructure is well-positioned to support decarbonization and global energy security goals by supporting the ongoing global displacement of coal by natural gas.
  • Goldman Sachs & Co. LLC, MUFG Bank Ltd., and Mizuho Securities USA LLC are serving as financial advisors to Stonepeak.

Keyera and CN announce agreement to evaluate a clean energy terminal solution in the Alberta Industrial Heartland

Retrieved on: 
Wednesday, August 17, 2022
CNI, Industry, Carbon, NYSE, Legislation, GLOBE, CEO, Forward-looking statement, TSX, Social responsibility, CNR, Environment, Government, AIH, Marketing, Company, CN, Transport, Nature, Uncertainty, Mission statement, News, Private Securities Litigation Reform Act, Solution, Natural Resources, SEDAR, Terminology, Oil, Renewable energy, Risk management, Keyera

Albertas government is thrilled to see this agreement between Keyera and CN as they work towards bringing Albertas clean energy products to new and growing markets across the world.

Key Points: 
  • Albertas government is thrilled to see this agreement between Keyera and CN as they work towards bringing Albertas clean energy products to new and growing markets across the world.
  • With companies like Keyera and CN leading the way, Alberta will be looked to for generations as an international destination for responsible energy production.
  • The clean energy terminal will be a significant capital investment in new infrastructure in Albertas Industrial Heartland (AIH).
  • Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions.

Willow Lake Metis Nation and The Resilience Institute Sign MOU to Partner on Climate Resilience

Retrieved on: 
Tuesday, June 7, 2022
Science, Goal, Time, University of Saskatchewan academics, Research, Food, Bison, CEO, Indigenous peoples, Partnership, Environment, Founder, Ecosystem, University, Growth, Cree, MOU, Acquisition, TSX, TRI, Nation, Industry, Culture, Medicine, Climate change, WLMN, Keyera, Oil, Risk management, Management, Hunting, Amusement arcade, Australian and New Zealand Army Corps

The focus of the agreement is to develop a transdisciplinary approach to revitalizing, developing, and monitoring the Nation's recently acquired land in Fort McMurray.

Key Points: 
  • Anzac, Alberta--(Newsfile Corp. - June 7, 2022) - Willow Lake Mtis Nation (WLMN), an Anzac, Alberta-based Mtis community, and the Resilience Institute (TRI), a national education and research institute, have signed a memorandum of understanding (MOU).
  • That's why we're honoured to support the Sohkastwwin initiative and look forward to continued growth of our relationship with Willow Lake Metis Nation."
  • Keyera President & CEO Dean Setoguchi (left) and Willow Lake Mtis Nation CEO Justin Bourque (right) shake hands.
  • Keyera presented Willow Lake Mtis Nation with a $30,000 cheque toward the Nation's Sohkastwwin initiative.

Keyera and Shell sign agreement to advance clean energy

Retrieved on: 
Tuesday, March 8, 2022
Risk, COVID-19, Time, Forward-looking statement, News, TSX, Mission statement, Transport, Marketing, SEDAR, Audit, Keyera

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions.

Key Points: 
  • Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions.
  • In order to provide readers with information regarding Keyera, including its assessment of future plans, operations and financial performance, certain statements contained herein are forward-looking.
  • All statements other than statements of historical fact contained in this document are forward-looking statements.
  • Unless required by law, Keyera does not intend and does not assume any obligation to update its forward-looking statements.

Red Deer’s Azolla Hydrogen Ltd. Expanding Strategic Partnerships

Retrieved on: 
Monday, January 24, 2022
Automotive Manufacturing, Trucking, Manufacturing, Transport, Automotive, Logistics, Supply Chain Management, Other Natural Resources, Entertainment, Utilities, Oil, Gas, Alternative Energy, Natural Resources, Energy, Steel, Transportation, General Automotive, Public Transport, General Entertainment, Travel, Hydrogen, Digital platform, Technology, Ivey Business School, Precision Drilling, Advisory board, Refrigeration, Electrolysis, Hatch Ltd, Organization, Innovation, Company, Growth, EY, CEO, Solution, Bilton, Leadership, AB, Canadian Tire, Industry, Director, Milroy, Associate, McGill University, Employment, Chief executive officer, New Board, Bachelor of Arts and Science, IPEC, Transport, SMR, Board, Management, Oil, Keyera, Enerflex, Azolla

Red Deer-based Azolla Hydrogen Ltd. is proud to announce a private placement to accredited investors and the expansion of the Board of Directors and the Advisory Board.

Key Points: 
  • Red Deer-based Azolla Hydrogen Ltd. is proud to announce a private placement to accredited investors and the expansion of the Board of Directors and the Advisory Board.
  • These new members combined industry experience and strong strategic leadership skills will be invaluable to Azolla as we grow our business and pursue our strategic goals including increasing employment in Alberta.
  • Azolla Hydrogen is an Alberta based start-up with a focus on the Alberta, California, and North American hydrogen economy.
  • Azolla Hydrogen has identified a pathway to generate low-GHG hydrogen that is scalable and not reliant on the AB grid as power for electrolysis or fossil fuels for SMR.

CSV Midstream Solutions Corp.’s Albright Sour Gas Processing Plant Receives EPEA Permit Approval

Retrieved on: 
Thursday, June 10, 2021
Petroleum industry, Energy, Midstream, Oil storage, Petroleum transport, Articles, Alberta Energy Regulator, Natural gas, Keyera

CALGARY, Alberta, June 10, 2021 (GLOBE NEWSWIRE) -- CSV Midstream Solutions Corp. (CSV) recently received Environmental Protection and Enhancement Act (EPEA) regulatory permit approval from the Alberta Energy Regulator for its proposed Albright Sour Gas Processing Facility (Albright) to be built near Grande Prairie, Alberta.

Key Points: 
  • CALGARY, Alberta, June 10, 2021 (GLOBE NEWSWIRE) -- CSV Midstream Solutions Corp. (CSV) recently received Environmental Protection and Enhancement Act (EPEA) regulatory permit approval from the Alberta Energy Regulator for its proposed Albright Sour Gas Processing Facility (Albright) to be built near Grande Prairie, Alberta.
  • CSV employed its early community engagement philosophy prior to entering the formal regulatory approval process for this development.
  • About CSV Midstream Solutions Corp.
    CSV Midstream is a Calgary-based company offering a full suite of services for complete midstream solutions.
  • With a vision to advance midstream, they provide innovative, sustainable strategies in the engineering, design, construction, operation and management of natural gas and NGL assets, including sweet and sour gas processing, liquids handling and fractionation, and gas gathering and transmission pipelines.

Noble Midstream Partners Adds Chevron Dedication in DJ Basin

Retrieved on: 
Friday, January 8, 2021
Energy, Transport, Logistics, Supply chain management, Oil, Gas, Companies, Oil companies, Midstream, Oil storage, Petroleum transport, Chevron Corporation, Noble Energy, Master limited partnership, Keyera

Noble Midstream Partners LP (NASDAQ: NBLX) (Noble Midstream or the Partnership) announced that the Partnership has entered into an agreement with a Chevron Corporation (NYSE: CVX) (Chevron) subsidiary to provide oil transmission services from the Wells Ranch development area to Platteville, Colorado, for long-haul transportation out of the DJ Basin.

Key Points: 
  • Noble Midstream Partners LP (NASDAQ: NBLX) (Noble Midstream or the Partnership) announced that the Partnership has entered into an agreement with a Chevron Corporation (NYSE: CVX) (Chevron) subsidiary to provide oil transmission services from the Wells Ranch development area to Platteville, Colorado, for long-haul transportation out of the DJ Basin.
  • The WOT pipeline terminates in Platteville, Colorado, where Noble Midstream has extensive existing infrastructure and storage with access to all four major long-haul pipelines in the DJ Basin.
  • Noble Midstream is a master limited partnership originally formed by Noble Energy, Inc. and majority-owned by Chevron Corporation to own, operate, develop and acquire domestic midstream infrastructure assets.
  • Noble Midstream currently provides crude oil, natural gas, and water-related midstream services and owns equity interests in oil pipelines in the DJ Basin in Colorado and the Delaware Basin in Texas.