An Indigenous-led coalition that wants to acquire a 51 per cent ownership interest in the Trans Mountain pipeline prior to construction has its financing in place and is execution-ready, a Petroleum Joint Venture Association luncheon heard Thursday.
June 21, 2019, 7:38 AM MDT
Shippers on the Trans Mountain Corporation expansion are still on side and if all goes according to plan, there could be shovels in the ground west of Edmonton by early September with oil flowing by the second or third quarter of 2022, says the company’s chief executive.
June 20, 2019, 6 AM MDT
The Notley government’s crude oil curtailment program, backed by the opposition United Conservative Party, to reduce a glut of oil in storage in Western Canada and bolster catastrophic regional prices, was to run from January to December of this year. The program’s sunset clause was predicated on Enbridge Inc.’s Line 3 Replacement project coming online in late 2019, adding 370,000 bbls/d of incremental pipeline capacity out of the region.
June 20, 2019, 10:01 AM MDT
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