On his last quarterly call with analysts, Enbridge CEO Al Monaco talked more about offshore wind farm opportunities
than oil pipelines by a score of 796 words to 528.
The region's five natural gas pipelines are more explosive
than oil pipelines, and — unlike oil — gas has no alternative mode of transport.
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.
Prime Minister Stephen Harper lent support to the 1,200 - kilometre, $ 6 - billion
pipeline that would carry more
than 500,000 barrels a day of crude
oil from Edmonton through the Rockies to Kitimat, B.C., where it could be transported by tanker to markets in the U.S. and Asia, including China.
New natural gas
pipelines do not face the same kind of opposition as
oil pipelines because the product is a gas and, in case of a leak, it escapes into the atmosphere rather
than fouling waterways and soil.
Environmental and tribal groups are criticizing an administrative law judge's recommendation that Minnesota regulators should approve Enbridge Energy's proposal for replacing its aging Line 3 crude
oil pipeline if it follows the existing route rather
than the company's preferred route.
Estimates vary widely on just how much methane is leaked from the vast network of
oil and gas wells,
pipelines and processing plants, but the problem has cast doubt on how much better natural gas is
than coal for the environment.
The companies say the
pipeline would carry Bakken shale
oil more cheaply and safely from North Dakota to Illinois en route to U.S. Gulf Coast refineries
than it could be shipped by railroad or tanker trucks.
CANNON BALL, N.D. (AP)--
Oil could be flowing through the $ 3.8 billion Dakota Access
pipeline in less
than two weeks, according to court documents filed by the developer just before police and soldiers started clearing a protest camp in North Dakota where
pipeline opponents had gathered for the better part of a year.
That's because the new
pipelines will connect Alberta's
oil to international markets, where they can command higher prices
than in North America.
On April 29, more
than 28,000 barrels of crude
oil sprang from the Rainbow
pipeline in Alberta and gushed into the boreal forest and nearby marsh.
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's Keystone XL
pipeline would carry more
than 800,000 barrels of
oil a day from Alberta and the U.S. Bakken
oil field across six U.S. states to refineries in the Texas Gulf Coast.
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.
Under former president Barack Obama, Transcanada Corp's Keystone XL
oil pipeline was rejected in 2015 after environmentalists campaigned against the project for more
than seven years.
For comparison, shipping costs for a barrel of
oil by
pipeline and tanker from Edmonton to China were estimated at less
than $ 8 / barrel in the TransMountain
Pipeline Expansion application — equivalent to $ 1.36 / GJ.
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.
The vow came as the Calgary - based company blamed clogged export
pipelines for its worst heavy
oil price discounts in five years during the first three months of 2018, contributing to a higher -
than - expected $ 914 - million net loss in the first quarter.
Crude - by - rail shipments are expected to ramp up in the second half of this year and into the first half of next year to «very material volumes of
oil,» Pourbaix said, adding price discounts will improve but will likely remain higher
than usual because rail costs more
than pipeline transport.
CNBC's Jackie DeAngelis reports on
pipeline companies working to build out infrastructure within our borders that could move more
oil than Keystone.
The
pipeline operator has more
than 84,000 miles of
pipelines that transport natural gas, gasoline, and crude
oil in the U.S. and Canada.
Cenovus said sales volumes in the fourth quarter were about seven per cent lower
than oilsands production due to the two - week shutdown and subsequent volume constraints on TransCanada Corp.'s Keystone
pipeline following an
oil spill in November in South Dakota.
With nearly 2.5 million miles of
oil, gas and chemical
pipelines crisscrossing the country, intrusions into control systems could do more
than disrupt deliveries, said Andrew R. Lee, a cybersecurity expert at the law firm Jones Walker in New Orleans.
But the prime minister may take more of the 180 days allowed to ponder assent of the Northern Gateway
oil pipeline than his supporters in the oilpatch expect.
He said regulatory confusion and delays in Canada have prevented the timely completion of
pipeline projects such as the Trans Mountain expansion, leading to difficulty in getting crude
oil to markets and the current steeper -
than - usual discounts being paid for Canadian oilsands crude compared with benchmark New York - traded
oil.
To the dismay of proponents in Canada, the Obama administration has lately been sounding cool to Keystone XL — even cooler
than it did to TransCanada Corp.'s border - hopping
oil pipeline just before it got mothballed a year ago.
Opinions on
pipelines are flowing around Canada more quickly
than the
oil.
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.
You would think that the only source of employment in Alberta is
oil — yet the clean energy sector provides more jobs
than pipelines and doesn't contribute to exposure to poisons and toxins with the potential for long term damage to the environment.
According to its website, this is the «largest energy infrastructure in North America,» owning interest or operating more
than 80,000 miles of
pipelines that transport natural gas, crude
oil and more.
Christy Clark and her BC Liberal party collected more
than $ 771,000 in campaign donations from the Texas
pipeline company and its
oil patch backers.
You'd never know from the fighting language used by the B.C. premier that the
pipeline has been safely transporting
oil through the province for more
than 60 years.
Bitumen is more corrosive on
pipelines and it is more toxic and more difficult to clean up
than conventional
oil.
Speaking in New York in May, Mr. Harper emphasized that the rejection of the Keystone XL
pipeline would lead to an increase in
oil sands shipments by rail, which he called «more environmentally challenging»
than pipelines.
Over the last year, the solar industry added jobs twelve times faster
than the rest of the economy, even more
than the jobs created by the
oil and gas extraction and
pipeline sectors combined.
Above that point it is worth spending the money to dig out the
oil and even ship it out by rail, which is more expensive
than a
pipeline.
Cenovus Energy Inc. closed down 5.56 per cent after it said its oilsands operations have been operating at reduced rates due to wider -
than - normal light - heavy
oil price differentials and
pipeline capacity constraints.
White House officials said Tuesday that President Obama intends to decide the fate of the Keystone XL
oil pipeline during his tenure, rather
than suspend the federal review process at the request of the project's sponsor.
It's unclear how
oil flowing in a new
pipeline, Keystone XL, could get slapped with more onerous treatment
than the millions of barrels that already get shipped to the United States on existing lines, such as the initial Keystone conduit and several operated by Enbridge Inc..
But those supply gains will taper off to 2.5 per cent next year and average less
than 2 per cent annually through 2030 as
pipeline and regulatory hurdles curtail investments in the world's third - largest
oil reserves, CAPP said.
One spill is too many but
pipelines are much safer
than rail for transporting
oil By Kenneth P. Green, Elmira Aliakbari and Ashley Stedman The Fraser Institute State regulators in... Read more»
The specifics associated with Notely's proposed ban have yet to be set out (there is no word on whether
oil will continue to flow to provinces other
than British Columbia), however it is clear that the battle to expand the TransMountain
pipeline is far from over.
Kenney called for an emergency session of the Legislature, which under the current circumstances would be not much more
than four pro-
pipeline parties professing their undying devotion and love for the
oil pipeline to Burnaby (just in time for Valentine's Day).
Also the economics of
pipeline, much cheaper
than rail for
oil, make it extremely attractive.
TRAVERSE CITY, Mich. (AP)-- The U.S. government has fined Enbridge Inc. more
than $ 1.8 million after accusing the Canadian
oil transport company of missing deadlines for
pipeline inspections following a gigantic
oil spill in southwestern Michigan.
The battle for
pipelines has become a battle for more
than just the people involved in the
oil and gas industry in Alberta; it has also become a battle for other commodity traders such as farmers and everyday Albertans who rely on the transportation of goods.
TransCanada Corp.'s cancellation of the Energy East
pipeline leaves Canadian
oil producers more dependent
than ever on the Keystone XL and Trans Mountain proposals, two projects facing ardent opposition in their own right.
Permian
oil priced at Midland, Texas, now trades at a discount of more
than $ 11 a barrel to Brent as rising production bumps up against
pipeline capacity
If the marginal barrel of bitumen is sold in BC rather
than Cushing, from the
oil producers» standpoint the
pipelines have done their job.
Albany lawmakers voted late last night to join more
than two - dozen other New York communities in opposing a controversial
oil pipeline linking the Port of Albany to northern New Jersey.