Sentences with phrase «oil pipelines which»

Not exact matches

As the North American oil transportation system continues to evolve, with new pipelines, reversals of existing lines and a growing role for oil - by - rail, what is clear is that the North American oil market will eventually settle into a new era of pricing relationships which will be very different than those which prevailed prior to 2008.

The Irvings had their hopes dashed in October when plans were scrapped for the $ 15.7 - billion Energy East pipeline, which would carry over a million barrels of oil from Alberta to Saint John, N.B. every day, some of which would be processed at Irving Oil's refineoil from Alberta to Saint John, N.B. every day, some of which would be processed at Irving Oil's refineOil's refinery.

Cenovus, one of the biggest of Canada's oil sands producers, said in March that it was operating at lower capacity due to the maxing out of pipelines and other routes through which it sends heavy oil south to U.S. markets.

There have been a number of high - profile derailments of trains — including one by UP — carrying shale oil, much of which is produced in new drilling areas without established pipeline networks and must be moved by rail.

And yes, the Dow has a heavy component of large industrial and energy companies which have recently soared on expectations that President Trump and his administration will sponsor new infrastructure spending projects and oil pipeline expansion.

Grantham also has strong views on the oil market, which isn't surprising for a devoted environmentalist who participated in Keystone pipeline protests and has called for the death of the «tar sands.»

From pipeline operators to jobbers to brokers, everyone wants their fee, which doesn't automatically change with fluctuations in oil prices.

«This decision clearly flies in the face of volumes of scientific evidence that shows the Keystone XL pipeline would be safe, enhance environmental standards, and be a more cost - effective alternative to importing oil from overseas,» said Michael Whatley of the Consumer Energy Alliance, which advocates for the energy industry.

Protesters have said the pipeline could leak oil into the Missouri and Cannon Ball rivers, on which the tribe relies for water.

Henry Huttleston Rogers came up with the machinery by which naphtha could be separated from crude oil and was also the guy who thought of using long pipelines to transport oil instead of railway cars.

Thus the rationale behind North America's most contentious pipeline schemes: TransCanada's Keystone XL and Enbridge's $ 6 - billion Northern Gateway, which aims to pump Alberta oil over the Rockies to a port in Kitimat, B.C.

The only options for Canada's oil producers are the Trans Mountain expansion, which will triple the line's existing capacity from 300,000 to 890,000 bpd, taking Alberta to Canada's Pacific Coast and Enbridge's Line 3 expansion to Wisconsin, which will boost the pipeline's capacity and is much more likely to move forward.

Adding to their fury is the spill from the Keystone pipeline just last week, which saw more than 200,000 barrels of oil spill from the pipeline in South Dakota, shuttering a large section of the conduit for days.

TransCanada said earnings from its oil pipelines, of which Keystone is the biggest contributor, rose 50 percent to C$ 341 million ($ 264.90 million) in the first quarter.

So is scrutiny of ExxonMobil and the U.S. pipeline authority, the Pipeline and Hazardous Materials Safety Administration (PHMSA): the ruptured pipeline had been installed in the late 1940s, and ran through a densely populated area, yet it was transporting heavy crude, which might be more hazardous than regular oil.

The pipeline is critical to Canada, which needs infrastructure in place to export its growing oil sands production.

The Trans Mountain expansion almost triples the capacity of the existing pipeline, which is designed to carry crude from Canada's oil sands to the West Coast.

Trump's action, which comes in his fourth full day in office, would be a boon for oil producers concerned about limited pipeline capacity bringing oil to market.

The move comes after months - long protests by environmentalists and Native American groups in North Dakota against Energy Transfer Partners LP's $ 3.8 billion Dakota Access pipeline, which would bring crude oil from the state's Bakken oil patch through the Midwest and into the U.S. Gulf Coast.

Consider the brinkmanship over the Keystone XL pipeline, which would carry Albertan oil to Gulf Coast refineries in the United States.

The array of claims around Alberta's crude is wide and varied: on the one hand, anti-Keystone groups contend that dilbit — i.e. diluted bitumen, thick oilsand crude mixed with light hydrocarbons that will allow it to flow through a pipeline — is more corrosive than other types of oil and sinks in water rather than floating, which makes it harder to clean rivers and lakes after a spill.

They show the Fed has at times taken a tough line with banks in the sector, and may darken the outlook for Goldman Sachs and Morgan Stanley, both of which still own physical commodity trading assets such as warehouses, pipelines and oil storage tanks.

The pipeline or any other way to bring Western Canadian Crude to Tex refiners would speed up oil extraction in Alberta and increase world supplies, which would bring down oil prices for all Americans, by about a dollar a barrel according to Levi.

Protest group Climate Direct Action said the move was in support of the Standing Rock Sioux Tribe, which has protested the construction of a separate $ 3.7 billion pipeline carrying oil from North Dakota to the U.S. Gulf Coast over fears of potential damage to sacred land and water supplies.

The Calgary - based company, which specializes in analytical instrumentation and process control equipment for industries including oil and gas, pipeline, wastewater and petrochemical, did $ 11 million worth of business that year.

Obama also backed a delay to completion of the Dakota Access pipeline, which would bring oil from North Dakota to Illinois.

In addition to oil pipeline company Kinder Morgan, which has established its Trans Mountain Expansion Project office near the pipeline's terminus in suburban Burnaby, Enbridge is reportedly (and belatedly) opening an office to help manage its Northern Gateway application.

In keeping with the idea that every company is a tech company, we'll have plenty of speakers representing other industries, including General Motors President Dan Ammann, who is trying to keep his company relevant in an era of ride sharing and self - driving cars; Charles Koch, CEO of Koch Industries, which owns oil pipelines, a lumber business, and a fertilizer producer; and Toys R Us CEO Dave Brandon, who must grapple with the shift by customers to buy online.

This year has seen a spate of homegrown proposals, including Eagle Spirit Energy, a partnership between First Nations and Vancouver's Aquilini family which would build a crude oil (as opposed to bitumen) pipeline to Prince Rupert from Alberta, and Vancouver - based Steelhead LNG.

Oil producers mix the bitumen with lighter oils, obtaining diluted bitumen, or dilbit, which can flow in a pipeline.

Besides, unlike oil — which is at the root of the pipeline fight — B.C. does benefit from coal.

From the time Enbridge began talking publicly about Northern Gateway almost a decade ago, the oil pipeline project — which is expected to get federal cabinet approval any day now — got off on the wrong foot by the company's lack of a presence in British Columbia.

But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the company, which gives it a continued hedge against the differential in world oil prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.

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.»

Industry groups say the president's plan, which he's set to expand Tuesday, would raise prices on construction materials, making it more expensive to build oil pipelines, bridges, highways, homes, and schools.

The report does envision scenarios in which oil sands development is curbed by a combination of lower oil prices and a lack of pipeline capacity.

Before the recent string of production disruptions, which were caused by militant blockades on pipelines carrying crude from three fields to export terminals, Libya was pumping over 1 million barrels of oil daily, eyeing 1.2 million bpd in output by the end of the year.

Sources reported that an armed militia from Zintan, directly linked to the heavily armed Petroleum Facilities Guard, which was set up to protect the country's oil and gas infrastructure, has closed the El Feel and Hamada fields by blocking their respective pipelines.

The paper's authors apply a simple model of the world oil market to reach their conclusions, which are driven by the potential for the pipeline to increase global oil supply, thus lowering oil prices and increasing consumption.

Add in stolid First Nations resistance to a proposed pipeline from the tar sands to Kitimat, and all these powerful pressures converge on the aptly named Second Narrows, which already has seen its oil tanker traffic rise precipitously in the past decade.

Irving Oil said it expects engineering and design work would begin in 2015 to coincide with developments of the west - to - east pipeline, which still requires environmental approval.

Meanwhile, Canada has already served notice that it will intensify efforts to find different markets for oil sands crude — notably China, which could be served with a new pipeline from Alberta to the West Coast.

In the event of an accident, Kinder Morgan has pledged to do no more than comply with federal laws, which stipulate that operators of a major oil pipeline in this country must have a minimum of $ 1 billion in financial resources available to cover liabilities related to a land spill.

According to TransCanada, the pipeline will allow Canadian oil to displace foreign barrels in eastern refineries, a substitution which will ultimately put the country's energy profile on safer footing.

He's signaled he may approve the Keystone XL oil pipeline from Alberta's oil sands to the U.S. Gulf Coast and may authorize new spending and tax cuts, which could boost Canadian exports of raw materials and equipment.

«The Achilles heel of the industry may be that people are very resistant to construction of necessary infrastructure,» stated the report, which was sponsored by half a dozen oil and gas companies and two law firms representing them and included a list of the type of people opposing pipelines and their motivations.

At the gathering the water protectors strengthened their resolve to stop the pipeline, which would be the final leg of ETP's Dakota Access pipeline carrying oil fracked in North Dakota to Louisiana.

For western heavy oil and bitumen producers, tidewater access may have an important stabilizing effect as it would greatly expand the market for the product, which has previously been subject to large price swings motivated by refinery or pipeline outages in the midwest.

First, it announced last week the purchase, reversal and proposed expansion of the Seaway pipeline, which will eventually move 400,000 barrels per day of oil from the Midwest to the Gulf Coast.

To be certain, the opposition to projects like the Keystone XL pipeline, which would carry Alberta oil sands products to US markets, and the Northern Gateway pipeline, which would carry oil sands products to a new west coast terminal for export to Pacific markets, has caused delays and increased costs to proponents.