Inter Pipeline

Inter Pipeline Ltd.
IndustryPetroleum industry
Pipeline transport Storage
FoundedNovember 27, 1997 (1997-11-27)
Headquarters
Calgary
,
Canada
Productsethane, butane, natural gas
RevenueDecrease $2.5 billion (2019)[1]
$2.6 billion (2018)
$396.41 mil 2012Increase23.9[2]
Decrease $539 million (2019)[3]
$592 million (2018)
Total assets$5.5902 billion 2012Increase25.0%[2]
Total equity$1.659.5 billion 2012Increase25.7%[2]
Number of employees
659 (Dec 2012)
ParentBrookfield Infrastructure Partners
DivisionsInter Terminals Limited (formerly Simon Storage Limited)
Websitewww.interpipeline.com

Inter Pipeline Ltd. is a multinational petroleum (oil, natural gas and petrochemical products) transportation and infrastructure limited partnership that is ranked among North America's leading natural gas and NGL's extraction businesses (from its liquids (NGL's) counterpart). It is one of Alberta's top 100 companies in terms of profit (85) and assets (94).[4][5]

It is the biggest transporter of oil sands' bitumen (over 1 million bbls/d after the Cold Lake oil sands upgrade)[6] and in 2010 it was Alberta's 23rd fastest growing business.[7] Soon after the millennium, the energy infrastructure business was divided into 4 segments: conventional oil pipelines, natural gas extraction, liquid storage and oilsands transportation. Major companies such as Encana, Canadian Natural Resources, Shell Canada, Chevron, Marathon Oil and Imperial Oil rely on the pipelines for transportation of oil to refineries and distribution to markets.[6]

In 2010, other Canadian trusts/funds converted to corporation's but Inter Pipeline's board of directors decided against it citing costs, a lack of tax benefits, and the market response to other companies that converted.[8]

Overseas it operated in the UK, Ireland, Denmark, Germany, Sweden and The Netherlands via its subsidiary Inter Terminals Limited (formerly Simon Storage Limited). These subsidiaries, apart from the Denmark and Sweden operations, were sold to Spanish company CLH in late 2020,[9] a bulk liquid storage business.

  1. ^ "Inter Pipeline beats estimates amid higher oil sands volumes - BNN Bloomberg". 20 February 2020.
  2. ^ a b c "Inter Pipeline Fund 2012 Financial and Operating Results". 2013-02-21.
  3. ^ "Inter Pipeline beats estimates amid higher oil sands volumes - BNN Bloomberg". 20 February 2020.
  4. ^ "Inter Pipeline Fund company information". The Globe and Mail. Toronto. Retrieved 2010-12-21.
  5. ^ "The Venture 100" (PDF). September 2008. Archived from the original (PDF) on 2011-07-07. Retrieved 2010-12-21.
  6. ^ a b "Oilsands Review A Blossoming Counterbalance" (PDF). May 2008. Archived from the original (PDF) on 2011-07-07. Retrieved 2010-12-21.
  7. ^ "The Fast Growth 50, 2010". 2010-01-01.
  8. ^ "Countdown To T-Day". 2010-11-24. Archived from the original on 2011-07-11. Retrieved 2010-12-21.
  9. ^ "About Simon Storage". Archived from the original on 2011-07-16. Retrieved 2010-12-21.