CALGARY, Alberta, June 19 (Reuters) – Enbridge Inc
has closed a major Alberta pipeline that moves oil sands-derived
crude after a spill at a pump station, the second oil leak in
the Canadian province in less than two weeks, regulators said on
Alberta’s Energy Resources Conservation Board said Enbridge
was forced to turn off its 345,000 barrel-a-day Athabasca
pipeline following a spill on Monday that the company estimates
at about 1,400 barrels.
CALGARY, Alberta (Reuters) – Chevron Corp (CVX.N: Quote, Profile, Research, Stock Buzz) is seeking priority access to capacity on the Trans Mountain pipeline to Canada’s West Coast from Alberta, saying crude supplies for its British Columbia refinery are dwindling as other shippers clamor for limited capacity.
In an application to the National Energy Board on Tuesday, Chevron said its Burnaby refinery has been getting elbowed out of space on the Kinder Morgan Energy Partners-owned (KMP.N: Quote, Profile, Research, Stock Buzz) pipeline. The plant, which supplies nearly a third of the gasoline in Canada’s Westernmost province, has received nearly all its oil from the pipeline since 1954.
CALGARY, Alberta, June 8 (Reuters) – Plains Midstream Canada
said on Friday it shut part of a pipeline in west-central
Alberta after crude leaked into a large river system just as the
company was about finished cleaning up its last major spill 13
months ago in the province.
Plains Midstream, a unit of Houston-based Plains All
American, estimated that 1,000-3,000 barrels of light,
sour crude – oil that has a high sulfur content – leaked from a
12-inch line on its Rangeland south system into a tributary of
the Red Deer River, a large waterway that runs cross
CALGARY, Alberta, June 7 (Reuters) – Koch Industries’
Canadian energy division has put interests in several
Alberta oil sands properties on the auction block, adding to a
growing list of opportunities for developing the massive
resource being shopped to potential bidders.
Koch Oil Sands Operating ULC is offering stakes in six
properties comprising 220,000 net acres, with total bitumen in
place estimated at more than 8 billion barrels, according to
Western Divestments, the financial adviser for the offering.
CALGARY, Alberta, June 5 (Reuters) – Canadian oil output is
poised to surge ahead far faster than expected only a year ago,
the industry’s main lobby group said on Tu esday, boosting its
forecast for 2020 production by half a million barrels a day.
Total output from the United States’ top energy supplier is
now expected to jump by 57 percent to 4.7 million barrels per
day by the end of the decade due to a new boom in light oil from
shale and other tight rock formations and from
multibillion-dollar investments in oil sands projects, the
Canadian Association of Petroleum Producers said in its closely
watched annual outlook.
CALGARY, Alberta (Reuters) – Falling oil prices are rekindling fears that Canada’s oil sands industry could start to put some projects on the back burner, like it did in the last financial crisis, to cope with weakening returns and stubbornly high costs.
So far, development in Northern Alberta has stayed on pace as West Texas Intermediate crude sank to current levels around $84 (54.6 pounds) a barrel, from more than $104 six weeks ago, and no analysts are calling for large volumes to get shut in.