Thursday, May 1, 2025

Pembina Delays FID on $3.5B Plastics Plant, Seeks Partner for LNG Project

From Financial Post Pembina is looking to reduce its wholly owned Jordan Cove LNG project to between 40% and 60% CALGARY — Pembina Pipeline Corp. officially delayed an investment decision on a $3.5-billion petrochemical facility in Alberta on Monday, but analysts say they’d be shocked if the company didn’t eventually build the project. The Calgary-based pipeline company announced a $1.6-billion

Parker Drilling Files for Bankruptcy With Bondholder Deal in Place

From The Wall Street Journal Parker Drilling Co. , which provides drilling rigs and equipment to oil and gas drilling companies, filed for bankruptcy protection Wednesday after striking an agreement with senior bondholders on a deal to raise money and reduce its debt. The company said it intends to file a chapter 11 plan of reorganization in the U.S. Bankruptcy Court in Houston that

Weekly Gas Storage: Winter Draw Continues

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks fell by 77 Bcf last week, decreasing to 2,914 Bcf from 2,991 Bcf. This is 19.9% below the 3,636 Bcf that was in storage at this point last year and