Pembina Pipeline Corporation history, company profile (overview) and corporate video
Pembina Pipeline Corporation is an energy transportation and midstream service provider headquartered in Calgary, Canada.
The company owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business.
The hydrocarbon liquids and natural gas products are produced primarily in the Western Canadian Sedimentary Basin.
HISTORY
Pembina Pipeline’s history began in 1954 when Pembina Pipe Line Ltd. was incorporated in the Province of Alberta as the operator of an oil transporting pipeline system within the Pembina field.
In 1991, Peace Pipe Line Ltd. was acquired.
In 1998, Pembina became a publicly-traded company and was listed on the Toronto Stock Exchange.
In 2000, the company acquired Federated Pipe Lines Ltd. and British Columbia pipeline assets of the Western Facilities Fund.
In 2001, Alberta Oil Sands Pipeline Ltd. was acquired.
In 2003, the company acquired 50% non-operated interest in the Fort Saskatchewan Ethylene Storage L.P.
In 2009, Pembina acquired the Cutbank Complex, entering into the natural gas gathering and processing business.
In 2012, Provident Energy Ltd. was acquired.
In 2016, the company acquired Strategic Midstream assets.
In 2017, Pembina acquired Veresen Inc.
In 2019, the company acquired Kinder Morgan Canada and the Cochin Pipeline.
With more than 2.000 employees, Pembina Pipeline Corporation is considered one of the largest energy transportation and midstream service providers in North America’s energy industry. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.pembina.com.
**Video published on YouTube by “Pembina Pipeline Corporation“