CALGARY, Alberta (Reuters)- TransCanada Corp on Thursday said it would move ahead with Canada's largest - ever pipeline, expanding the scale of its $ 12 billion plan to ship
oil sands crude in the West to refiners on its east coast and beyond as its U.S. - bound Keystone XL line stalls in Washington.
An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian
oil sands crudes in US refineries in 2025 would lead to a modest increase in refinery CO2 emissions (ranging between 5.4 % to 9.3 %) from a 2010 baseline, depending upon... Read more →
Not exact matches
Transporting
sand, drilling pipe, and
crude oil furnished only 4.5 % of UP's volumes at the peak
in 2014.
The pipeline would connect Canada's tar
sands with refineries on the Texas Gulf Coast that specialize
in processing heavy
crude oil.
While all this sounds reassuring, the State Department also writes elsewhere
in the report that «a focused, peer - reviewed study of the potential corrosivity / erosivity of
oil -
sands derived
crude oils relative to other
crude oils has not yet been conducted.»
First, I want to look at how the changes not just
in oil prices, but also changes
in diluent costs, discounts for
oil sands crude relative to light
crude and,
in particular, the fall of the Canadian dollar have changed the outlook for new
oil sands projects — for those under construction, and for those currently operating.
Despite the layoffs and poor performance
in its first quarter, Suncor, Canada's largest
oil sands producer, continues pumping out
crude, outputting 602,400 barrels per day during the first quarter — up 10 % from the same period last year.
It adds that «approval or denial of the proposed project is unlikely to have a substantial impact on the rate of development
in the
oil sands, or on the amount of heavy
crude oil refined
in the Gulf Coast area.»
The report also counters warnings from environmentalists that the pipeline's construction would spur a huge increase
in production from western Canada's tar
sands, believed to be one of the biggest reserves of
crude oil outside Saudi Arabia — unleashing torrents of greenhouse gases into the atmosphere.
Stay tuned for updates on this developing story of how Vancouver, the «greenest city
in the world,» may quietly become the main tanker route for
oil sands crude bound for China.
Every few days, tankers freshly laden with
crude from Alberta's
oil sands squeeze through the shallow Second Narrows channel
in Burrard Inlet, make their way through swift currents
in the southern Gulf Islands and on towards offshore markets.
Murphy has a 5 percent stake
in Syncrude Canada Ltd, one of Canada's largest
oil sands plants with the capacity to produce 350,000 barrels of synthetic
crude oil per day.
Furthermore, while the company does have another potentially significant growth opportunity on the horizon
in its CA$ 20 billion ($ 15 billion) Frontier
oil sands mining project, it appears to be a long shot of moving forward considering where
crude is these days.
State owned Chinese energy companies are not pouring billions of dollars into developing Alberta's
oil sands so more synthetic
crude or bitumen can be sent to refineries
in Cushing Oklahoma.
Canadian
crude — extracted from Alberta's controversial
oil sands patch — is the cheapest
oil in the world.
The refinery will feature state - of - the - art design, specifically for processing Alberta
oil sands heavy
crude oil, and engineered to be the cleanest upgrading and refining site
in the world.
Conventional
crude oil prices are now below $ 50 a barrel, and last week Royal Dutch Shell cited «uncertainties» over pipeline shipments
in canceling a $ 2 billion
oil -
sands project.
Genscape
oil analyst Carl Evans said that, even with
crude prices below $ 50 (U.S.) a barrel over the past two years, heavy bitumen production
in Canada's
oil sands region has continued to grow.
After having the project rejected by former president Barack Obama, TransCanada Corp. has re-applied for approval of the Keystone XL line, which would deliver Alberta
oil sands crude to refineries
in the U.S. Gulf Coast.
Imagine a twinned Kinder Morgan pipeline that sends
oil sands crude not to its current Burnaby export terminal but to one
in northwestern Washington instead.
In a world of falling prices, however, it will be high cost production from shale formations and the
oil sands, not the low cost conventional
crude from places such as Saudi Arabia and Iran that will be hit the hardest.
The Canadian province, which holds the world's third - largest
crude reserves, is reviewing renewable - energy policies as exports from its
oil sands face increasing opposition from environmental groups and lawmakers
in the U.S. and Europe.
«Until ongoing efforts to reduce greenhouse gas emissions associated with the production of
oil sands are more successful and widespread, the Final SEIS makes clear that, compared to reference
crudes, development of
oil sands crude represents a significant increase
in greenhouse gas emissions,» the EPA states
in a letter made public Tuesday.
After my post last night got me reading Budget 1980 and the National Energy Program, I stumbled upon something completely fascinating: the hated National Energy Program proposed an indexed price for synthetic
crude from
oil sands projects which, had it been followed until today, would have been above the Canadian dollar price of WTI
in -LSB-...]
It is time to not only ban fracking, but halt new investments
in fossil fuels and related infrastructure, including pipelines, gas - fired power plants, fracking waste dumps, fossil fuel storage depots
in the salt caverns by Seneca Lake, LNG exports at Port Ambrose,
crude oil «bomb trains,» and a tar
sands oil heater at the Port of Albany.
And
in the environmental impact statement, Pilgrim officials wrote: «While
crude oil shipment downriver is a relatively recent phenomena on the Hudson River, the increasing production of
crude in North America because of fracking, and Canadian tar
sands, is likely to result
in increasing demand to move the
crude oil to coastal areas for shipment to refineries.
Since it received permission to increase the amont of
oil it transports, Global has also sought to add a
crude oil heater that would allow it to bring
in thick tar
sands.
In Alberta, these large pits of
crude oil are trapped within
sand, so getting the
oil out of the
sand is harder.
By linking Canadian fields to refiners
in the Gulf Coast, the 1,200 - mile (1,900 - km) Keystone XL pipeline would be a boon to an energy patch where
oil sands are abundant but that produce more carbon pollution than many other forms of
crude.
We still don't know enough about tar
sand oil, or bitumen, which takes longer to break down due to its high viscosity, but doesn't spread, we also don't know much about the behavior of
oil from a blowout, such as the Deepwater Horizon BP blowout, and we know little of how
crude oil behaves
in the Arctic Ocean, where there is ice, or how to remediate it,» said Michel Boufadel, director of NJIT's Center for Natural Resources Development and Protection and a member of the panel of experts charged with evaluating the impact of spills
in Northern waters.
Nathan says high prices have made it increasingly economically viable to extract more unconventional forms of
oil,
in particular the asphaltlike tar
sands (also known as
oil sand, or extremely heavy
crude oil) plentiful
in northern Alberta, Canada.
The study, published Wednesday
in the journal Nature, showed that the production of tar
sands and other heavy
oil — thick, highly viscous
crude oil that is difficult to produce — are a major source of aerosols, a component of fine particle air pollution, which can affect regional weather patterns and increase the risk of lung and heart disease.
The proposal is the latest
in a series of planned pipelines and expansion projects as a flood of
crude from the
oil sands and the Bakken shale
oil field stretches existing networks.
We think that the
crude oil production has already peaked
in 2006, but we expect
oil to come from the natural gas liquids, the type of liquid we have through the production of gas, and also a bit from the
oil sands.
The
Oil Sands segment includes mining, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas o
Oil Sands segment includes mining, extracts and transports bitumen from
oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas o
oil sands deposits
in Alberta, Canada, and upgrades the bitumen to produce and market synthetic
crude oil and vacuum gas o
oil and vacuum gas
oiloil.
CN is experiencing the greatest weakness
in coal,
crude oil, and
sand for fracking.
Enbridge has leading regional infrastructure
in the Alberta
oil sands and the Bakken area and a leading
crude oil pipeline from the Canadian
oil sands to the U.S. Midwest.
This sense of movement mainly applies to the works hanging
in the cavernous main room of the exhibition, where one finds 16 large
oil paintings encrusted with pebbledash, a
crude sort of cement composed of shells and
sand that is used for building
in Rees's native Wales.
Albany's importance as a link
in the energy - production chain is poised to grow under Global Partners» effort to win state permission to handle
oil -
sands crude and biofuels for shipping over objections of neighbors and environmental groups.
Based on information and analysis about the North American
crude transport infrastructure (particularly the proven ability of rail to transport substantial quantities of
crude oil profitably under current market conditions, and to add capacity relatively rapidly) and the global
crude oil market, the draft Supplemental EIS concludes that approval or denial of the proposed Project is unlikely to have a substantial impact on the rate of development
in the
oil sands, or on the amount of heavy
crude oil refined
in the Gulf Coast area.
It might surprise many viewers that it would take three times the weight equivalent of CO2
in the energy needed just to convert the bitumen
in the tar
sands into the same amount of conventional
crude oil.
that aimed to spin away some of the criticism they have been facing
in the aftermath of this spill, including claiming that the
oil is conventional crude, not tar sands oil and that they are not benefiting from the Oil Liability Trust Fund loophole that exempts tar sands o
oil is conventional
crude, not tar
sands oil and that they are not benefiting from the Oil Liability Trust Fund loophole that exempts tar sands o
oil and that they are not benefiting from the
Oil Liability Trust Fund loophole that exempts tar sands o
Oil Liability Trust Fund loophole that exempts tar
sands oiloil.
As prices for
crude oil rise, tar
sands - based
oil production
in the US has become more commercially attractive to both the government and industry.
Here's the tweet from @exxonmobil sent
in response to critics who pointed out that, because of a major loophole that needs to be closed, bitumen is not considered
crude oil, and therefore tar
sands pipeline operators like Exxon aren't required to pay into the
oil spill cleanup fund.
According to a thirty - year - old law
in the US, diluted bitumen coming from the Alberta tar
sands is not classified as
oil, meaning pipeline operators planning to transport tar sands crude across the United States are exempt from paying into the federal Oil Spill Liability Trust Fu
oil, meaning pipeline operators planning to transport tar
sands crude across the United States are exempt from paying into the federal
Oil Spill Liability Trust Fu
Oil Spill Liability Trust Fund.
Line 3 is a proposed pipeline that would bring
crude oil from the Alberta tar
sands in Canada to Superior, Wisconsin
in the United States.
(Reuters)- Exxon Mobil on Sunday continued cleanup of a pipeline spill that spewed thousands of barrels of heavy Canadian
crude in Arkansas as opponents of
oil sands development latched on to the incident to attack plans to build the Keystone XL line.
The U.S.
oil industry is playing the «China card»
in urging the American government to quickly approve TransCanada Corp.'s proposed Keystone XL pipeline project, which will deliver
oil sands crude to Gulf Coast refineries.
In an interview with The Globe and Mail editorial board, David Collyer, president of the Canadian Association of Petroleum Producers, said the Keystone XL line is needed to connect the Alberta
oil sands with refiners who have invested billions of dollar to upgrade their plants so that they can process heavy grades of
crude.
Murray Edwards, the billionaire vice-chairman of Canadian Natural Resources Ltd., said that with
oil sands production expected to expand from 1.5 million barrels a day to as much as 4 million barrels
in the next 25 years, Alberta
oil is much more likely to flow into the U.S. - even if overall U.S.
crude demand continues to stagnate.