Cuts amount to about 20% of the company’s workforce of more than 600 full-time employees.
Wants to increase capacity to 221 million cubic feet per day.
The 75,000-barrel-per-day pipeline is expected to be up and running by late 2017.
Deal includes infrastructure Altagas needs to pursue a partnership with Japan’s Idemitsu Koas Co. Ltd. to export gas overseas
Will spend another $125M to connect customers to the two systems.
Oil and gas company continues its quest to expand infrastructure for handling natural gas liquids.