Not convinced that new pipeline egress options will come to fruition “as quickly as they possibly can,” MEG Energy Corp. is taking a hard look at making crude-by-rail a permanent part of its transportation system, says CEO Derek Evans.
July 11, 2019, 12 AM MDT
Plains LPG Services (PLPGS), an affiliate of Plains Midstream Canada (PMC), today announced the completion of an expansion at its Tampa, Florida LPG terminal to service year-round supply of propane through the addition of rail offloading capacity.
July 11, 2019, 11:17 AM MDT
Oil has always been a major industry in Texas, but over the last few years the region has slowly been growing in activity and has fuelled an economic boom the likes of which the state has never seen.
July 3, 2019, 6:20 AM MDT
Oil has always been a major industry in Texas, but over the last few years the region has slowly been growing in activity and has fuelled an economic boom the likes of which the state has never seen.
July 2, 2019, 8:46 AM MDT
Alberta’s new government plans to sell the leases and services the province has accrued to help companies ship oil out of the region. CIBC Capital Markets has been hired to help with the transaction.
June 28, 2019, 7:18 AM MDT
Oil has always been a major industry in Texas, but over the last few years the region has slowly been growing in activity and has fuelled an economic boom the likes of which the state has never seen.
June 25, 2019, 6 AM MDT
Canadian crude-by-rail loads increased for the second month in a row in April, according to statistics released by the National Energy Board (NEB).
June 21, 2019, 10:26 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
Conservative Quebec MP says not everyone in Quebec is fighting pipelines.
June 18, 2019, 8:32 AM MDT
June 17, 2019, 7:26 AM MDT
June 7, 2019, 7:10 AM MDT
June 7, 2019, 6:56 AM MDT
June 6, 2019, 6:38 AM MDT
June 5, 2019, 11:15 AM MDT
June 5, 2019, 11:22 AM MDT
The discount on Western Canadian Select (WCS) versus the U.S. West Texas benchmark has been widening into the mid-teens, but it will likely have to widen into the $20s to trigger crude-by-rail in a bigger way to help clear bbls, a conference heard on Wednesday.
May 16, 2019, 8:07 AM MDT
May 16, 2019, 8:18 AM MDT
The Canadian Association of Petroleum Producers (CAPP) has welcomed the decision of the Senate standing committee on transportation to defeat Bill C-48, the Oil Tanker Moratorium Act, and recommend the federal government drop the bill entirely.
May 16, 2019, 8:46 AM MDT
May 13, 2019, 9:22 AM MDT
MEG Energy Corp.’s two-pronged egress strategy and dramatically improved differentials helped it attain first quarter bitumen realization of $50.21/bbl, the highest achieved by the company in the last four years.
May 7, 2019, 11:12 AM MDT
Source Energy Sources Ltd. will soon be shipping crude-by-rail from its Wembley terminal in northwest Alberta.
May 3, 2019, 10:02 AM MDT
Baytex Energy Corp. says crude-by-rail will remain an integral part of the company’s egress and marketing strategy for its heavy oil production and the company plans on layering in more contracts as the year unfolds.
May 3, 2019, 10:15 AM MDT
To cancel the recently signed contracts with Canadian National Railway (CN) and Canadian Pacific Railway (CP) or not, that’s the question newly-installed Premier Jason Kenney must now answer.
May 1, 2019, 6:54 AM MDT
Imperial Oil Limited president and CEO Rich Kruger was again unequivocal about his company’s opinion about Alberta’s mandated production cuts: it was the wrong move.
April 26, 2019, 12:02 PM MDT
Imperial Oil Limited will ramp-up spending on the Aspen project when the timing and conditions are right.
April 26, 2019, 3:26 PM MDT