Sentences with phrase «canadian crude oil»

Managing a team of 20, comprised of lawyers and analysts, at Pacific Exploration and Production Company, the Canadian crude oil and gas exploration and production company, Michael Galego strives to proactively add value to his organisation by bringing as much work in - house as possible.

But what makes transporting Canadian crude oil by rail attractive to investors?

More on the Mayflower, Arkansas oil spill Exxon pipeline breaks spilling 84,000 gallons of Canadian crude oil near Arkansas lake [UPDATED] Are «oiled» birds in Arkansas signs the Exxon oil spill has spread to Lake Conway?

On Friday, the ExxonMobil Pegasus pipeline, which brings Canadian crude oil from Illinois to Texas, ruptured, leaking at least 80,000 gallons of oil into the Central Arkansas town of Mayflower.

The accident is one of two resulting in the release of at least 176,000 gallons of Canadian crude oil in northern Wisconsin since the beginning of the year.

In fact, State Department officials recognized that progress in oil sands development has led to Canadian crude oil from oil sands that is «similar in composition and quality to the crude oils currently transported in pipelines in the U.S. and being refined in Gulf Coast refineries.»

Today, a post has been making the rounds which claims that the Keystone XL pipeline would raise gas prices in the US Midwest by, «20 to 40 cents per gallon, based on the $ 20 to $ 30 per barrel discount on Canadian crude oil that Keystone XL developers seek to erase.»

It carries 90,000 barrels of oil per day, almost exclusively Western Canadian crude oil.

News Articles Milwaukee Journal - Sentinel by Lee Bergquist February 16, 2007 The accident is one of two resulting in the release of at least 176,000 gallons of Canadian crude oil in northern Wisconsin since the beginning of the year.

One way or another, Canadian crude oil is coming — whether by land, by sea or underground via the embattled Keystone Pipeline System.

The hidden, long - term effects of the 2010 pipeline accident that spilled more than a million gallons of heavy Canadian crude oil into Michigan's Kalamazoo River became public last week when the EPA revealed that large amounts of oil are still accumulating in three areas of the river.

Canadian crude oil production comprises western Canadian, which includes crude oil from the oil sands and conventional resources, as well as offshore production from the east coast of Canada.

Oil sands growth will drive Canadian crude oil production to about 4.7 million barrels per day by 2025 from 2.8 million bpd in 2010 — a 67 % increase — according to the latest forecast from the Canadian Association of Petroleum Producers (CAPP).

Demand for Canadian crude oil by US refineries will likely double from about 1.6 million bpd in 2006 to almost 3.1 million bpd by 2015.

California's LCFS also would have little or no impact on GHG emissions nationwide and would harm our nation's energy security by discouraging the use of Canadian crude oil — our nation's largest source of crude — and ethanol produced in the American Midwest.

The Pegasus pipeline is one of the few pipelines currently supplying a heavy Canadian crude oil known as diluted bitumen, or dilbit, to refineries on the Texas Gulf Coast.

That decision by the U.S. Court of Appeals in Washington D.C. said the Pegasus pipeline is now the «primary avenue» to move Canadian crude oil to the Gulf Coast.

The bill authorizes construction of the Keystone XL pipeline, the $ 7 billion shovel - ready project to deliver up to 830,000 barrels per day of Canadian crude oil to Midwest and Gulf Coast refineries.

What is fast - becoming the main talking point against the proposed Keystone XL Pipeline is the claim that greater access to Canadian crude oil would not enhance U.S. energy security.

The ExxonMobil Pegasus pipeline, which carries Canadian crude oil from Illinois to Texas, ruptured Friday, leaking at least 80,000 gallons of oil into Central Arkansas.

That variety has the second - highest sulfur content of the 29 kinds of Canadian crude oil and dilbit listed in a reference guide from Crude Quality Inc., which operates a website that tracks the chemical makeup of Canadian crudes.

Exxon pipeline breaks spilling 84,000 gallons of Canadian crude oil near Arkansas lake [UPDATED] Are «oiled» birds in Arkansas signs the Exxon oil spill has spread to Lake Conway?

Lower 48 refiners need Canadian crude oil.

Forget whether you want pipelines or you want Canadian crude oil.

More than 20,000 barrels of heavy Canadian crude oil gushed into the Kalamazoo River system after multiple small corrosion - fatigue cracks caused the rupture of Line 6B in July 2010, the largest onshore oil spill in U.S. history.

There was a marked decrease in Canadian crude oil exports in 2015 to Non-US markets, shrinking year - over-year from 2.8 % of market to roughly 1 %.

The new Line 3 will comprise the newest and most advanced pipeline technology — and provide much needed incremental capacity to support Canadian crude oil production growth, and U.S. and Canadian refinery demand.

It holds significant long - term potential as a market for western Canadian crude oil, particularly heavy grades.»

[8] National Energy Board (Canada), «Canadian Crude Oil Exports by Rail — Monthly Data,» https://www.neb-one.gc.ca/nrg/sttstc/crdlndptrlmprdct/stt/cndncrdlxprtsrl-eng.html.

Last year, the value of Canadian crude oil exported to the U.S. was roughly C$ 51 billion.

Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity and, along with past pipeline outages, has driven Canadian crude oil prices lower and increased Canadian crude Continue Reading

It is a long shipping distance, but it also gives Eastern Canadian consumers access to our less expensive Canadian crude oil.

However, the outlook for increased volumes of Canadian crude oil shipped by rail to the United States is highly uncertain despite significant U.S. demand for Canadian crude oil, specifically on the U.S. Gulf Coast.

Today, a post has been making the rounds which claims that the Keystone XL pipeline would raise gas prices in the US Midwest by, «20 to 40 cents per gallon, based on the $ 20 to $ 30 per barrel discount on Canadian crude oil that Keystone XL developers seek to erase.»

WINNIPEG, Manitoba / VANCOUVER, April 23 (Reuters)- 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.

With approval of the Keystone Pipeline it could mean more Canadian crude oil is coming to the U.S. CNBC's Jackie DeAngelis is in Nebraska, at the pipeline pumping station with a look at its impact on oil prices and exports.

Canadian crude oil exports do flow predominantly to the U.S., but the regional distribution of those crude oil exports is vitally important to understand.

Canadian crude oil exports, in 1000s of barrels per day, to US Petroleum Administration Districts for Defence (PADDs).

In supporting analysis for the Keystone application in 2006, Purvin and Gertz forecast that, demand in the midwest oil administrative district «would grow and that increasing supplies of Canadian crude oil could handle this growth in addition to offsetting declining U.S. domestic production.»

Not exact matches

Crude oil prices in Canadian dollars for Brent (North Sea, UK), West Texas Intermediate (Cushing, OK, USA), and Edmonton Par.

CALGARY, Alberta, May 2 - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail to market amid a transportation bottleneck in the Western Canadian province, Alberta's energy minister said on Wednesday.

The incident might result in restrictions on using rail to transport oil, which could increase the price discount for Canadian crude.

A lot has changed in crude oil markets in North America in the last few years, and these changes have had significant impacts on the value of Western Canadian crude production.

The transport bottlenecks have increased the discount buyers take for Canadian oil over U.S. light crude and Cenovus said its differentials averaged $ 24.28 per barrel in the first quarter, a 67 percent jump when compared with last year.

A year later, how are Canadian oil and gas companies responding to the collapse in crude oil prices?

With the widened spread in oil prices between Edmonton and tidewater, however, rival customers from Washington, California and Asia are now fighting over the cheaper Canadian crude.

No customer is actively requesting CN move crude oil to the West Coast for export, spokesman Mark Hallman reiterated in an e-mail to Canadian Business.

When the spread between West Texas Intermediate crude oil and Western Canadian Select narrowed to US$ 10 a barrel last summer, some analysts declared that the big price differentials were gone for good.

«With so much supply landlocked, Canadian oil prices are taking a serious hit,» Casey Research energy analyst Marin Katusa wrote in a late June investment note that estimated that Western Canadian Select, a heavy crude, was trading for a whopping US$ 23 less than WTI; a gap 30 % larger than the average differential between 2006 and 2010.

The price gap between North American crude and world prices is a new and unfamiliar dynamic in international oil markets, and represents a «double whammy discount» for Western Canadian producers, as Casey puts it.