Canada-US Pipelines Restart After Weather Disruptions
Two major pipelines carrying oil from Canada to the United States resumed operations on Wednesday after brief disruptions due to power outages from severe weather in Saskatchewan, Canada, a day earlier.A number of lines on Enbridge Inc's Mainline system, which carries about 1.2 million barrels per day of crude and other liquids…
Cenovus Expects to Spend $1.1 Bln in 2019
The chief executive of Cenovus Energy Inc said on Monday that he expects the company to invest some C$1.5 billion ($1.1 billion) in 2019, in line with 2018 capital spending, after the Alberta government's mandated oil output cuts boosted Canadian crude prices."My company will have a capital program that looks pretty similar to the program we had last year," Alex Pourbaix said in an interview.
Suncor CEO to Retire Next Year
Suncor Energy Inc said on Wednesday its chief executive will retire mid-next year, with the company's chief operating officer taking over the top job at that time.Steve Williams, who has been with the company for 16 years and CEO since 2012, will step down after Suncor's Annual General Meeting in May 2019, the Calgary-based company said.He will be replaced by COO Mark Little…
Impact of U.S. Court Ruling on Keystone XL Timing Unclear-TransCanada
TransCanada Corp is reviewing a decision by a Montana judge blocking construction of the Keystone XL pipeline expansion, but the impact on project timing remains unclear, the company's top crude pipeline executive said on Tuesday."We're going through the decisions, we're reviewing the deficiencies to determine how best to address the deficiencies…
US Judge Halts Keystone XL Oil Pipeline
A U.S. judge in Montana has halted construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing a sharp rebuke on Friday from President Donald Trump.The ruling of a U.S. Court in Montana late on Thursday dealt a major setback to TransCanada Corp, whose stock dropped 2 percent in Toronto.
Next-wave LNG Race Hits Hurdles in US-China Trade War
The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds.The United States is positioning itself as the dominant provider of the supercooled fuel as Asian nations shift away from dirtier power sources like coal…
A Promising Future for U.S. Shale
Natural gas production from U.S. shale fields can keep growing for decades, giving Washington a powerful diplomatic tool to counter the geopolitical influence of other energy exporters such as Russia, according to industry executives and government officials. The United States can expand shale gas output another 60 percent in the coming decades, according to at least one estimate.
Canada Dreams of Oil Exports to Asia, but California Beckons
The nationalization of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States - but the most likely destination for much of that oil is California. Faced with declining production from Latin America and rising prices for higher-grade crudes from the Middle East…
Keystone XL Operator TransCanada's Profit Rises 14 pct
Canadian pipeline operator TransCanada Corp reported a 14 percent rise in first-quarter profit on Friday, helped by booming use of its oil and natural gas pipelines in the United States. Canada's oil output hit a record last year, but transportation infrastructure has failed to keep up with the growth. With pipelines nearly full and rail capacity limited…
Canada Moves Crude One Truckload at a Time
At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail cars headed south and west. Trucks loaded with crude are an increasingly common sight at the border.
US LNG Firms Lament Bad Timing of Tariffs, China Trade Spat
The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG, making it an important customer for U.S. producers.
TransCanada to Proceed with Gas Line Expansion
TransCanada Corp, Canada's second largest pipeline operator, said on Thursday that it would go ahead with the C$2.4 billion ($1.9 billion) expansion of its NGTL natural gas system, boosting pipeline access for producers in Western Canada's gas-rich basins. The Calgary-based company also reported a strong fourth quarter profit…
Next-wave LNG Terminals get Smaller, More Flexible
The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking. The booming sector's next-generation infrastructure is being designed for a emerging-market buyers that want smaller volumes on shorter, more flexible contracts. LNG export terminals, where the gas is liquefied and put on vessels for shipping…
Canadian City to Argue Trans Mountain Oil Pipeline Route Harmful
The proposed route of Kinder Morgan Canada's Trans Mountain pipeline expansion through the west coast Canadian city of Burnaby will damage parks, harm sensitive ecosystems and impact critical infrastructure, the city will argue on Tuesday. The Vancouver suburb will present its case over three days to the Canadian energy regulator…
Kinder Morgan: Pipeline Expansion Delays Possible
Kinder Morgan Canada Ltd said on Monday the start-up of its Trans Mountain pipeline expansion could be delayed past September 2020 if it is unable to get more clarity around permitting and the judicial process by early next year. The company's appeal to Canada's energy regulator over municipal permits for the C$7.4 billion ($5.8 billion) expansion was heard on Monday.
Enbridge Posts Quarterly Profit as Shipments Rise
Enbridge Inc , Canada's largest pipeline company, reported a quarterly profit, compared with a year ago loss, as crude shipments increased. Enbridge delivered about 2.5 million barrels per day (bpd) of crude oil through its Canadian mainline system during the quarter, up from 2.2 million bpd a year earlier. Deliveries through the company's Lakehead pipeline system also rose…
Woodfibre LNG project Approved with conditions
Environment Minister Catherine McKenna imposed numerous conditions on the project, including restrictions related to construction in or near fish habitat and additional consultation with Aboriginal groups, among other things. Woodfibre LNG, backed by Indonesian billionaire Sukanto Tanoto's RGE Group, hopes to build its LNG export terminal outside the city of Squamish, north of Vancouver.
Shell pushes back investment decision on Canadian LNG project
British Columbia's ambitions to become North America's next major liquefied natural gas exporter took another hit on Thursday, as Royal Dutch Shell pushed back a final investment decision (FID) on its LNG Canada project to late 2016. The delay came as Europe's largest oil company reported its lowest annual income in…
Enbridge Mulls M&A in Gas, Power Generation
Enbridge Inc, Canada's largest pipeline operator, is considering natural gas and power generation acquisitions to help boost the diversity of its asset base, the company's CEO said on Friday. "We've got such a tremendous liquids pipeline franchise," Chief Executive Al Monaco said on a conference call. "With that though…
TransCanada Remains Committed to Keystone Pipeline
TransCanada Corp, the Canadian company behind the controversial Keystone XL pipeline, remains committed to the C$8 billion ($6.2 billion) project, the company's head said on Friday, even as hopes fade for an approval by the Obama administration. "We remain 100 percent committed to the project," Chief Executive Russ Girling said of the cross-border pipeline on a conference call.
