Gibson Energy Announces 2020 Capital Budget
All financial figures are in Canadian dollars unless noted otherwise
USD Partners Announces Long-Term Contract Extensions with ConocoPhillips Associated with its Sponsor's Joint Venture with Gibson Energy to Construct a DRU at its Hardisty Terminal
USD Partners LP (NYSE:USDP) (the "Partnership") announced today that it has executed long-term, multi-year renewals for the remaining capacity at its Hardisty Terminal with ConocoPhillips Canada. Including these recent renewals, the Partnership has executed multi-year extensions for 100% of the capacity at its Hardisty Terminal. Also, in association with its Sponsor's recently announced Joint Venture with Gibson Energy Inc. to construct a diluent recovery unit (the "DRU") adjacent to the Hardisty Terminal, a material amount of the Hardisty Terminal's current capacity will be extended beyond 2030, pending the successful construction and completion of the DRU. The DRU could be placed into service as early as the second quarter of 2021. The renewals contain take-or-pay terms with minimum monthly payments and rates that are consistent with those of the original terminalling services agreement with the customer.
Gibson Energy and USD Announce Joint Venture to Construct DRU at Hardisty Utilizing Innovative DRUbit(TM) Technology and Agreement with ConocoPhillips for 50,000 bbl/d of Capacity
US Development Group, LLC (through a wholly-owned affiliate, collectively USD) and Gibson Energy Inc. (Gibson) (TSX: GEI) jointly announced today an agreement to construct and operate a diluent recovery unit (DRU) near Hardisty, Alberta, Canada. ConocoPhillips Canada has contracted to process 50,000 barrels per day of inlet bitumen blend through the DRU to be shipped by Canadian Pacific (CP) (TSX: CP) (NYSE: CP) and Kansas City Southern Railway Company (KCS) (NYSE: KSU) to the U.S. Gulf Coast. USD and Gibson are currently in commercial discussions with other potential producer and refiner customers to secure long-term, take-or-pay agreements for an additional 50,000 barrels per day at the proposed DRU.
Gibson Energy Declares Dividend
Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI), announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on January 17, 2020, to shareholders of record at the close of business on December 31, 2019. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson's dividends are subject to Canadian withholding tax.
Gibson Energy Announces 2019 Third Quarter Results
Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI), announced today its financial and operating results for the three and nine months ended September 30, 2019.
Gibson Energy Confirms 2019 Third Quarter Earnings Release Date and Provides Conference Call & Webcast Details
Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI), announced today it expects to release its 2019 third quarter financial and operating results on Monday, November 4, 2019 after the close of North American markets. The 2019 third quarter management's discussion and analysis and unaudited consolidated financial statements will be available on the Company's website at www.gibsonenergy.com and on SEDAR at www.sedar.com.
Gibson Energy Announces $500 Million Medium Term Note Offering
Gibson Energy Inc. ("Gibson" or the "Company"), (TSX: GEI), announced today that it has agreed to issue $500 million senior unsecured medium term notes, Series 1 (the "Notes"). The Notes will have a fixed coupon rate of 3.60% per annum, payable semi-annually, and will mature 10 years from the date of issue.
Gibson Energy Declares Dividend
All financial figures are in Canadian dollars unless otherwise noted