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Keyword: oilsands

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  • “Hot Lesbian” Ad Gets Canadian Oil Sands More Publicity Than It Deserves

    08/02/2016 10:05:26 AM PDT · by bananaman22 · 27 replies ^ | 02-08-2016 | Canada Is Weird
    n possibly one of the biggest marketing blunders of the millennium, a Canadian Oil Sands group has managed to alienate groups from almost every walk of life with their recent Facebook meme that prompted people to choose Canadian oil over Saudi oil—because, as the meme read, “In Canada, lesbians are considered hot! In Saudi Arabia, if you’re a lesbian, you die!” The ad went on to query, “Why are we getting our oil from countries that don’t think lesbians are hot?” You might be thinking that the Coke/New Coke marketing blunder was bad, but the hot-lesbian ad, particularly in today’s...
  • Fort McMurray wildfire grows 8 times larger as battle continues (update as of 12:30MDT, May 5, 2016)

    05/05/2016 12:19:43 PM PDT · by A Formerly Proud Canadian · 30 replies
    CBC News ^ | May 3, 2016 | CBC News
    Supercharged by winds of up to 70 km/h, the Fort McMurray wildfire ballooned to 85,000 hectares overnight and is now raging across a wide front south of the city. Alberta Premier Rachel Notley and wildfire officials say the fire is expected to continue to burn out of control today as more than 100 firefighters, 10 helicopters and 16 air tankers work to protect homes and critical infrastructure. One major task on Thursday will be to move up to 25,000 people now sheltering in oilsands work camps north of the city. The province hopes to transport many of those people, who...
  • 500,000 Barrels And $1 Billion In Losses: The True Cost Of Canada’s Wildfire

    05/05/2016 12:58:18 PM PDT · by bananaman22 · 9 replies ^ | 05-05-2016 | Wildfire
    It took the market over a day to appreciate the fallout from the devastating Canadian wildfire which has led to a state of emergency in Alberta, the evacuation of over 80,000 people in the oil sands gateway city of Fort McMurray, and the destruction of over 1,600 structures. According to insurance industry reports, losses from the fire are approaching $1 billion, and will likely set records for the country. The average cost of a single-family home in the community was recently around CAD$627,000 ($487,000), Aon said, citing data from the local real estate industry, and cited by CNBC. That would...
  • Cheapest crude oil on the planet can be found here {Canada}

    01/15/2016 5:05:41 AM PST · by thackney · 1 replies
    Market Watch ^ | Jan 14, 2016 | William Watts
    Oil futures this week dipped below $30 for both West Texas Intermediate, the U.S. benchmark, and Brent crude, its more global, North Sea counterpart. That's brutally low and analysts have been lining up to predict further declines, but for some producers, oil in the upper $20s would be welcome relief. The cheapest oil on the planet right now, with the possible exception of some very low-quality crudes, can be found in the Canadian oil sands, said Tom Kloza, global head of energy analysis at Oil Price Information Service. The grade, known as Western Canada Select, was changing hands Wednesday afternoon...
  • Forget $20 - Oil Prices At $8 Per Barrel In Canada

    01/14/2016 1:34:01 PM PST · by bananaman22 · 22 replies ^ | 14-01-2015 | noh
    Where is the cheapest crude oil in the world? And how low can you get that barrel of oil? WTI has declined to $30 per barrel, the lowest level in more than 12 years. But heavy oil producers in Canada would love to have $30 oil. The price for a barrel of bitumen, the tar-like oil sands that comes from Alberta, fell to just over $8 per barrel this week. That is not a typo. Bitumen traded at $8.35 per barrel on Tuesday. In fact, sells oil drums – just the barrel, not the oil – for $78, almost...
  • Ewart: Oilsands at a 'turning point' as outlook differs sharply from (recent) past

    12/17/2015 6:49:36 AM PST · by thackney · 17 replies
    Calgary Herald ^ | December 17, 2015 | Stephen Ewart
    The oilsands became a pillar of global oil supply growth during the first 15 years of this century but the oil price collapse has reaffirmed that a long-standing challenge -- perennial cost escalation -- continues to threaten future developments. Factor in a new cap on greenhouse gas emissions, long-term pipeline constraints as well as higher taxes and a report released Wednesday by U.S. energy consultants IHS concluding the vast oilsands resource in northern Alberta that's made Canada one of the world's major crude oil producers is at "a turning point." "The industry is shifting to a new period in which...
  • Obama Buddy Buffett Doubles BNDF investment due to Keystone Decision

    11/09/2015 7:44:39 AM PST · by raptor22 · 12 replies
    American Thinker ^ | November 9, 2015 | Daniel John Sobieski
    When President Obama announced he was killing the Keystone XL pipeline, he said he was agreeing with the State Department’s assessment that the pipeline from Canada “would not serve the national interests of the United States.” The fact is that it would not have benefitted the personal financial interests of friend and economic mentor, Warren Buffett, who can rest assured that oil from Canada and the nearby Bakken formation in North Dakota will continue to be transported by a railroad he owns. As Investor’s Business Daily noted in a 2011 editorial: Killing the Keystone XL pipeline may help one of...
  • Woe is Canada

    11/06/2015 6:49:34 AM PST · by thackney · 13 replies
    Petroleum News ^ | Week of November 08, 2015 | GARY PARK
    The Canadian Association of Petroleum Producers, speaking for companies which account for 90 percent of Canada's oil and natural gas production, has painted what is the bleakest picture of the industry's health in recent and possibly living memory. So bleak, that CAPP has gone for broke, submitting 60 recommendations to the Alberta government's royalty review panel, asking for a three-year delay in implementing any changes to royalty rates and pleading for lower royalties to offset the new administration's imposition of higher income taxes and carbon levies. That's the battered taking its begging bowl to the bruised. Both sides are reeling,...
  • Shell cancels big Canadian oil sands project

    10/28/2015 6:17:03 AM PDT · by thackney · 18 replies
    Fuel Fix ^ | October 27, 2015 | Collin Eaton
    Royal Dutch Shell says it will stop building a large Canadian oil sands project after low crude prices pushed it out of the company’s shortlist of profitable projects. It’s the second large project Shell has canceled since August, when it ditched a $7 billion effort to drill for oil in the Arctic Ocean north of Alaska. Shell said Tuesday its Carmon Creek project in Alberta, which was expected to pump 80,000 barrels of crude a day, was sanctioned in late 2013 when oil prices were still hovering around $100 a barrel. Viscous Canadian crude is costly to extract through via...
  • In Canada, Miniature Heavy-Oil Sites Overcome Slump in Crude Prices

    10/06/2015 5:45:29 AM PDT · by thackney · 1 replies
    Wall Street Journal ^ | Oct. 6, 2015 | CHESTER DAWSON
    ...What’s unusual about this project is the speed with which it is being built—in a matter of months—and its compact, football field-size. Oil-sands sites typically take years to build and require hundreds or thousands of acres of land. At a time when slumping crude-oil prices have shelved most new oil-sands projects in neighboring Alberta and halted drilling for all but the most productive shale oil wells in the Bakken formation on both sides of the border, pint-size sites are proliferating in Saskatchewan’s oil patch. ...three other similarly size heavy-oil projects are rising on a landscape filled with cattle pastures and...
  • Has Hillary lost the Teamsters over Keystone XL?

    10/02/2015 10:43:47 AM PDT · by raptor22 · 11 replies
    American THinker ^ | October 2, 2015 | Daniel John Sobieski
    The Fox News report that the Teamsters have decided not to endorse Hillary Clinton’s candidacy at this time, shortly after her pronouncement of her opposition to the Keystone XL pipeline, does not surprise and shows the peril of trying to be all things to all constituencies. On the one hand, there is a need to placate environmentalists and climate change true believers who oppose the pipeline from Canada. Among them is billionaire Tom Steyer, an eco-zealot who has pledged his fortune in support of Democratic candidates who want to repeal the Industrial Revolution who want us to rely on solar...
  • For Canadian Oil Sands It’s Adapt Or Die

    09/17/2015 3:11:24 PM PDT · by bananaman22 · 9 replies ^ | 17-09-2015 | Albert
    That low oil prices are squeezing out oil sands producers is not breaking news. But in spite of a grim oil price outlook, production out of Calgary has continued to grow, defying both expectations and logic. The implications are serious, not just for the future of Canada’s energy industry and economy, but also North American energy relations. In June 2015, the Canadian Association of Petroleum Producers (CAPP) revised down its 2030 production forecast to 5.3 million barrels per day (mbd). A year earlier the group predicted Canada would be able to produce 6.4 mbd by 2030. This is compared to...
  • Oil Price Increase Will Not Come Fast Enough To Save Alberta

    09/14/2015 2:44:09 PM PDT · by bananaman22 · 14 replies ^ | 14-09-2015 | tarsands
    “There’s just no cash.” That’s the Coles Notes from a senior banker describing the book of oil service loans he manages for one of Alberta’s leading lenders. There’s simply not enough cash flow to support current levels of debt. Bankers and borrowers have kicked the can down the road about as far as they can as more oilfield service (OFS) and exploration and production (E&P) companies default on their loans and seek more relief on lending covenants. While a significant oil price increase to lift all the sinking boats will surely come, it won’t happen soon enough. More of the...
  • Canadian Oil Sands Evaluates Selling Some of Its Production Stream

    09/08/2015 1:14:35 PM PDT · by thackney
    Wall Street Journal ^ | Sept. 8, 2015 | BEN DUMMETT AND CHESTER DAWSON
    Canadian Oil Sands Ltd., one of Canada’s largest producers of crude, is looking into selling some of its future production amid low crude oil prices and a growing debt load. Canadian Oil Sands owns 37% of the Syncrude oil-sands mining consortium, one of the country’s largest producers of crude from the Alberta oil sands. Production snags at Syncrude’s operations and oil prices that recently fell to six-year lows have hit Canadian Oil Sands particularly hard because the Syncrude project is its only producing asset. In July, Canadian Oil Sands said it swung to a second-quarter loss, and last month Moody’s...
  • Alberta’s Oil Companies Warn Government On Taxes

    09/07/2015 8:35:49 AM PDT · by bananaman22 · 2 replies ^ | 09-07-2015 | T.a.x
    Big oil is taking no chances with the outcome of Alberta’s royalty review currently underway. In 2007, the industry was surprised when royalties were jacked up despite dozens of corporate presentations to the royalty review panel warning of the fragility of investment economics and the damage increased royalties would cause. Therefore producers and others with significant vested interest have already started the lobbying process. Such is the case with Canadian Natural Resources Limited (CNRL) which made a slide presentation to the new NDP Alberta government on August 20. The industry has obviously learned never to assume politicians actually understand what...
  • The World’s First Clean Oil Sands Project: An Interview With Dr. Gerald Bailey

    09/01/2015 9:29:52 AM PDT · by bananaman22 · 1 replies ^ | 09-01-2015 | sjiek
    fter decades of exhaustive attempts to overcome the dirty reputation of oil sands, we finally have an environmentally-friendly and low cost method to tap into these vast resources in the state of Utah—good news both for Mother Nature and all oil and gas investors. MCW Energy Group’s CEO, former Exxon President of the Arabian Gulf region, Dr. R. Gerald Bailey, tells in an exclusive interview that his hunt for an innovative technology that simultaneously makes money and cleans up the environment is over. The race to capitalize on Utah’s vast oil sands resources is on, and only the ‘clean’—both...
  • Canadian Oil Sands Halts Crude Production at Oil-Sands Giant Syncrude {Fire}

    08/31/2015 5:33:50 AM PDT · by thackney · 5 replies
    Wall Street Journal ^ | Aug. 31, 2015 | CHESTER DAWSON
    Canadian Oil Sands Ltd., the largest owner of the giant Syncrude oil-sands project, said on Sunday that it has halted production after a fire damaged equipment at its synthetic crude oil processing facility in northern Alberta. The company said the fire, which occurred early Saturday and was extinguished without any injuries, affected pipes connected to a water treatment unit at Syncrude’s heavy oil upgrader on the site of its Mildred Lake oil-sands surface mine. The cause of the blaze is under investigation, it said. While the upgrader’s core machinery wasn’t damaged and the strip mine continues to operate, Canadian Oil...
  • 1st U.S. tar sands mine set to open for business in Utah

    08/24/2015 5:18:20 AM PDT · by thackney · 26 replies
    Fuel Fix ^ | August 22, 2015 | Associated Press
    BOOK CLIFFS, Utah (AP) — On a remote Utah ridge covered in sagebrush, pines and wild grasses, a Canadian company is about to embark on something never before done commercially in the United States: digging sticky, black, tar-soaked sand from the ground and extracting the petroleum. The impending opening of the nation’s first tar sands mine has become another front in the battle across the West between preservationists and the energy industry. U.S. Oil Sands has invested nearly $100 million over the last decade to acquire rights to about 50 square miles, obtain permits and develop what it says is...
  • Report: Most Canada Oil Sands Crude Produced At A Loss

    08/23/2015 12:29:40 PM PDT · by thackney · 34 replies
    Reuters via Rig Zone ^ | August 20, 2015 | Nia Williams
    More than three-quarters of Canada's daily output of 2.2 million barrels of crude from oil sands is being produced at a loss at current prices, research from analysts at TD Securities shows, although producers are unlikely to halt operations. Only two mining and upgrading projects - Canadian Natural Resources Ltd's Horizon project and Suncor Energy's Millennium mine - are producing synthetic crude for less than its current outright price around $36 a barrel, analyst Menno Hulshof said on Thursday. Every thermal oil sands player is bleeding cash on every barrel produced with U.S. crude around $41 and the Canadian heavy...
  • Former Exxon President On Mission To Clean Up Oil Sands

    07/30/2015 3:59:22 PM PDT · by bananaman22 · 4 replies ^ | 30-07-2015 | utah
    Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah’s billions of barrels of oil sands. Imagine extracting high-quality oil out of the estimated 32 billion barrels buried in Utah’s oil sands, without creating the toxic wastelands that have resulted from oil sands projects in Western Canada. And imagine doing it at a cost that can still turn a profit in today’s oil price slump. That would be highly enticing to some of the large operators...
  • The Owners of the Keystone Pipeline Just Canceled a Project in Canada

    04/03/2015 4:49:50 AM PDT · by thackney · 29 replies
    New Republic ^ | APRIL 2, 2015 | Rebecca Leber
    TransCanada on Thursday announced a two-year delay to its plans to move the Canadian tar sands. The company is cancelling its plans to build a controversial export terminal in Quebec, citing environmental concern over the endangered beluga whale. This means a delay to plans for finishing the Energy East pipeline, now set for 2020. In the meantime, TransCanada will search for a new location for its port. For once, then, Canadian oil news isn't about the TransCanada-owned Keystone XL, which has faced a six-year delay as the Obama administration sits on a decision to issue a permit. At least not...
  • Forget About Keystone XL – Canadian Crude Is Coming

    03/20/2015 5:01:11 AM PDT · by thackney · 8 replies
    Oil Price ^ | 19 March 2015 | Mark Hill
    While Congress and the White House continue to wrangle over the Keystone XL pipeline extension, the oil industry is taking matters into its own hands. Markets are primed for an influx of Canadian crude oil, but with pipeline transport off the table for the foreseeable future, producers have built alternative modes to meet the demand. The problem is, recent disasters have soured legislators and environmentalists on road and rail for moving oil. Alongside political uncertainties are other wild cards like extreme weather and the unknowns that arise from an emerging logistics infrastructure, which can all impact the flow of goods....
  • Telling it straight, Prentice suggests Albertans must accept some responsibility for financial...

    03/13/2015 11:56:27 AM PDT · by thackney · 6 replies
    Petroleum News ^ | Week of March 15, 2015 | Gary Park
    Prentice suggests Albertans must accept some responsibility for financial plight Alberta Premier Jim Prentice has found indirect support at the highest level from ExxonMobil Chief Executive Officer Rex Tillerson for his doom-and-gloom message that those who rely on oil prices for a living are in for a rough ride. Tillerson spent, for him, an unusual amount of time in the first week of March behind microphones, on the airwaves and in front of TV cameras spreading the word that the world and investors should “settle in” for a long period of relatively weak and volatile crude prices. He said there...
  • Albertans make too much money, some economists say

    03/05/2015 3:19:47 AM PST · by WhiskeyX · 10 replies
    CBC News ^ | Mar 05, 2015 5:00 AM ET| Last Updated: Mar 05, 2015 5:00 AM ET | Tracy Johnson
    Alberta wages almost 25% higher than Canadian average Economists, politicians and business leaders seek ways to bring wages down Springtime is typically oilpatch bonus season. As the grass turns green, car dealerships and upscale stores tend to get busier. This year is different. Bonuses — if they exist at all — are expected to be small. Wages have been frozen. Oilpatch workers are happy to have a job at all. And that's the private sector. Public sector workers, like teachers and nurses, are on high alert as the provincial government makes increasingly loud noises about reopening their contracts to cut...
  • Anti-oilsands activists in the U.S. are getting unexpected visits from the FBI

    02/08/2015 7:47:22 AM PST · by rickmichaels · 21 replies
    National Post ^ | February 7, 2015 | Alexander Panetta
    WASHINGTON — Unexpected visitors have been dropping in on anti-oil activists in the United States — knocking on doors, calling, texting, contacting family members. The visitors are federal agents. Opponents of Canadian oil say they’ve been contacted by FBI investigators in several states following their involvement in protests that delayed northbound shipments of equipment to Canada’s oilsands. A lawyer working with the protesters says he’s personally aware of a dozen people having been contacted in the northwestern U.S. and says the actual number is probably higher. Larry Hildes says it’s been happening the last few months in Washington State, Oregon...
  • Obama's Irresponsible Keystone XL Veto Threat

    02/02/2015 10:41:12 AM PST · by raptor22 · 26 replies
    Investor's Business Daily ^ | February 2, 2015 | IBD EDITORIALS
    Stimulus: Obama says jobs from the Keystone project aren't permanent and it's just one pipeline that will move foreign oil to foreign markets. But fixing the bridge he once used as a prop didn't create permanent jobs either. 'Let's set our sights above a single pipeline," the leader of the party of infrastructure told Congress in the State of the Union. But this Congress has 80 more Republicans than when he took office, and on Thursday the Senate rejected his admonition by a 62-36 vote. Eight Democrats crossed the aisle after a series of amendment votes, a process that had...
  • Suncor (Energy) Cuts Capex By $1 Billion, Fires 1000, Implements Hiring Freeze

    01/13/2015 1:55:20 PM PST · by tcrlaf · 38 replies
    Zerohedge ^ | 1-13-2015 | Durden
    For all those who have forgotten that the I in the GDP equation stands for Investment, here is a reminder courtesy of the latest crude collapse victim, Suncor, which moments ago announced it is not only cutting its 2015 CapEx by $1 billion (as in I, directly and adversely impacting US GDP by the same amount) but that it would also cut "operating expenses" by up to $800 million, and, drumroll, implementing "a series of workforce initiatives that will reduce total workforce numbers in 2015 by approximately 1000 people, primarily through its contract workforce, in addition to reducing employee positions....
  • Outlook 2015: Q and A with oilpatch veteran Jim Gray

    01/02/2015 8:32:32 AM PST · by thackney · 10 replies
    Calgary Herald ^ | January 1, 2015 | Deborah Yedlin
    With oil prices sliding downward, Jim Gray — a veteran of Alberta’s energy business — provides perspective. 1. There has been a lot of gloom and doom over the oil price slide. What do you make of the 50 per cent drop in the price of oil since June? There are many precedents for a 50 per cent slide in oil prices. Just since 1983, there have been four principal slides. When you look at the history of oil prices since 1983, you’ll see the rate of recovery is tied to how quickly prices fell. In 1986, prices dropped between...
  • If You Don’t Build It, They Will Leave

    10/09/2014 1:55:30 PM PDT · by afraidfortherepublic · 7 replies
    The Weekly Standard ^ | 10-8-14 | Geoffrey Norman
    Seems Canada is tired of waiting – and waiting – for a decision on the Keystone pipeline and has come up with an alternate plan for moving the oil to market. As Bloomberg reports: It would be Keystone on steroids, more than twice as long and carrying a third more crude. Its end point, a refinery in the blue-collar city of Saint John, New Brunswick, operated by a reclusive Canadian billionaire family, would give Canada’s oil-sands crude supertanker access to the same Louisiana and Texas refineries Keystone was meant to supply. And: … if you’re a fed-up Canadian, like Prime...
  • How Alberta’s oil patch teamed up with the ‘little guys’ for an end run around Obama

    10/08/2014 7:13:35 AM PDT · by Squawk 8888 · 22 replies
    Financial Post ^ | October 7, 2014 | Rebecca Penty, Hugo Miller, Andrew Mayeda and Edward Greenspon
    So you’re the Canadian oil industry and you do what you think is a great thing by developing a mother lode of heavy crude beneath the forests and muskeg of northern Alberta. The plan is to send it clear to refineries on the U.S. Gulf Coast via a pipeline called Keystone XL. Just a few years back, America desperately wanted that oil. Then one day the politics get sticky. In Nebraska, farmers don’t want the pipeline running through their fields or over their water source. U.S. environmentalists invoke global warming in protesting the project. President Barack Obama keeps siding with...
  • EU Policy Makers Propose Scrapping Mandatory Tar Sands Label

    10/07/2014 1:42:01 PM PDT · by thackney · 5 replies
    Reuters via Rig Zone | October 07, 2014 | Barbara Lewis
    The European Commission on Tuesday proposed scrapping a mandatory requirement to label tar sands oil as highly polluting after years of industry opposition. The new proposal abandons one obstacle to Canada shipping crude from tar sands to Europe and is likely to draw strong criticism from environmental campaigners and Green politicians. It is suggested in a revised draft law on how refiners report the carbon intensity of the fuel they supply. The debate about labelling tar sands, also known as oil sands, dates back to 2009 when EU member states approved legislation with the aim of cutting greenhouse gases from...
  • Canada OKs oil pipeline to the Pacific Coast

    06/17/2014 9:17:06 PM PDT · by Ernest_at_the_Beach · 19 replies ^ | 1 hour ago | ROB GILLIES
    TORONTO (AP) — Canada's government on Tuesday approved a controversial pipeline proposal that would bring oil to the Pacific Coast for shipment to Asia, a major step in the country's efforts to diversify its oil exports if it can overcome fierce opposition from environmental and aboriginal groups.
  • Canadian Oil Sands Projects Continue to Vie for Skilled Talent

    06/13/2014 5:51:42 AM PDT · by thackney · 8 replies
    Rig Zone ^ | June 12, 2014 | Robin Dupre
    Employment in Canada's oil sands sector expects to reach around 98,380 jobs over the next decade. More than 98,000 oil sands construction, maintenance and operations jobs will be generated over the next decade, according to a new report “the Oil Sands Construction, Maintenance and Operations Labour Demand Outlook to 2023”. “Accurate labor market information gives us a clear understanding of the workforce issues affecting oil sands development, and helps ensure that $172 billion in wages and salaries continues to generate economic benefits right across this country. This new information helps government and industry make the best possible decisions, and helps...
  • Europe to Canada: 'Sorry we rejected you; we really want your oil sands after all'

    06/05/2014 2:00:35 PM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 06/05/2014 | Erika Johnsen
    One of the reasons eco-radicals harbor such strong distaste for the Keystone XL pipeline is because they believe that Canada should quixotically eschew the economic opportunities in their oil sands and instead leave those natural resources in the ground. Their quest to kill the pipeline has therefore always been epically illogical, since Canada will and has found a way to get their oil to market, either to our Gulf refineries via rail transport or else by building their own domestic pipelines out to the coasts for shipment by sea.These Keystone XL-hatin’ eco-radicals almost had a helpful partner in the...
  • Large black bear kills female Canadian Suncor worker

    05/08/2014 1:44:14 PM PDT · by kingattax · 17 replies
    BBC ^ | 5-8-14
    An energy company worker has been killed by a black bear at a base in the tar sands region of the Canadian province of Alberta, the firm has said. The 36-year-old woman was declared dead at the scene on Wednesday. The Royal Canadian Mounted Police later shot and killed the male bear, which had remained in the area. Bears are emerging from hibernation near the Suncor Energy Inc oil sands mining operation, 25km (15.5m) north of Fort McMurray.
  • Krauthammer: Stop jerking Canada around

    01/24/2014 8:45:44 AM PST · by T-Bird45 · 16 replies
    WashPo ^ | 1/23/2014 | C. Krauthammer
    Fixated as we Americans are on Canada’s three most attention-getting exports — polar vortexes, Alberta clippers and the antics of Toronto’s addled mayor — we’ve somewhat overlooked a major feature of Canada’s current relations with the United States: extreme annoyance. Last week, speaking to the U.S. Chamber of Commerce, Canada’s foreign minister calmly but pointedly complained that the United States owes Canada a response on the Keystone XL pipeline. “We can’t continue in this state of limbo,” he sort of complained, in what for a placid, imperturbable Canadian passes for an explosion of volcanic rage.
  • Canada loses patience on Keystone XL, tells U.S. to decide

    01/17/2014 6:01:02 AM PST · by thackney · 30 replies
    Reuters ^ | Fri Jan 17, 2014 | David Ljunggren
    Canada bluntly told the United States on Thursday to settle the fate of TransCanada Corp's proposed Keystone XL pipeline, saying the drawn-out process on whether to approve the northern leg of the project was taking too long. The hard-line comments by Foreign Minister John Baird were the clearest sign yet that Canada's Conservative government has lost patience over what it sees as U.S. foot-dragging. Baird also conceded that Washington might veto the project, the first admission of its kind by a Canadian government minister. The 1,200-mile (1,930-km) pipeline would carry 830,000 barrels a day from the Alberta tar sands in...
  • Oilsands rant is getting old (Neil Young, again)

    01/14/2014 9:42:46 AM PST · by Dartman · 23 replies
    Toronto Sun ^ | Jan. 13/14 | Editorial
    Old man, we look at your life, and you’re not a lot like we are. And if there’s one thing that average folks don’t like, it’s rich celebrities telling them what’s best. Which is why we’re rolling our eyes at the free world rockin’ Neil Young. Young gave a press conference opposing oilsands development at Massey Hall in Toronto Sunday , prior to starting one of his Honour The Treaties concerts. He said "Canada is trading integrity for money," and that he’s embarrassed as a Canadian. He’s raising money for the Athabasca Chipewyan First Nation to wage legal battles against...
  • Pembina advances Phase III Canadian crude pipeline expansion

    12/23/2013 8:36:46 AM PST · by thackney
    Oil & Gas Journal ^ | 12/17/2013 | Christopher E. Smith
    Pembina Pipeline Corp. has reached binding commercial agreements to proceed with its $2 billion Phase III Pipeline Expansion. Pembina expects the 540-km expansion to enter service between late 2016 and mid-2017, subject to environmental and regulatory approvals. Phase III will follow and expand certain segments of Pembina’s existing pipeline systems from Taylor, BC, southeast to Edmonton, Alta., with priority placed on areas in need of debottlenecking. The core of the expansion will entail building a 270-km, 24-in. OD pipeline from Fox Creek, Alta., to the Edmonton area. The expansion will have an initial capacity of 320,000 b/d, expandable to more...
  • Northern Gateway pipeline approved by panel with 209 conditions

    12/20/2013 4:02:12 AM PST · by canuck_conservative · 6 replies
    Financial Post [Canada] ^ | December 19, 2013 | Jeff Lewis
    ... Final say on the 1,177-kilometre pipeline now rests with the federal cabinet, which has 180 days to decide the project’s fate. Gateway, if built, would allow up to 525,000 barrels of oil sands-derived crude to reach new markets in Asia and on the U.S. West Coast. A twinned pipeline would import 193,000 bpd of bitumen-thinning condensate. Enbridge has said the project could be up and running by 2018, although the company is expecting costs to rise. It said during final public hearings the pipeline could cost $7.9-billion, according to the panel.... Reaction from opponents was swift. Greenpeace vowed on...
  • Oil begins flowing through Keystone XL’s southern leg

    12/09/2013 1:27:50 PM PST · by Cincinatus' Wife · 7 replies
    Houston Chronicle - Fuel Fix ^ | December 9, 2013 | Zain Shauk
    HOUSTON — TransCanada has begun moving oil into the Keystone XL pipeline’s southern leg, which runs from Oklahoma to the Texas coast, a company spokesman said Monday. “TransCanada is pleased to confirm that at approximately 10:04 am Central Time on Saturday, December 7, 2013, the company began to inject oil into the Gulf Coast Project pipeline as it moves closer to the start of commercial service,” TransCanada spokesman Shawn Howard said in an email. The pipeline owner will need to fill the newly constructed line before it can begin delivering oil to refineries along the Gulf Coast, including those in...
  • New U.S. funding for the war on Canadian oil

    12/03/2013 7:52:47 AM PST · by canuck_conservative · 10 replies
    Financial Post [Canada] ^ | December 2, 2013 | Vivian Krause
    For more than a decade, there has been a complex international effort to stymie the oil industry in Canada. It’s called the Tar Sands Campaign and the main sources of funding for this campaign are the Rockefeller Brothers Fund, the William & Flora Hewlett Foundation, the Oak Foundation, the Sea Change Foundation, the Tides Foundation and other charitable foundations, most of which are based in California. By my calculations, these foundations have provided at least $75-million for campaigns and land use planning initiatives that thwart the development and export of Canadian oil. Until now, little information has been available about...
  • Safe shipping for Canada's oil

    09/26/2013 6:01:22 AM PDT · by thackney · 5 replies
    New construction technology, stringent and continuously improving regulations, and years of industry experience make Canada's oil shipping industry well-equipped to accommodate increased tanker traffic on the West Coast should new pipeline projects proceed, concludes the leading independent consulting firm IHS CERA. In addition, should an incident occur, Canada has access to more than $1.3-billion in ompensation, exceeding what is generally available internationally, says the IHS CERA report, Assessing Marine Transport for Oil Sands on Canada's West Coast. "There have been a great many questions from the public asking what it would mean to ship more crude oil off Canada's West...
  • Crude trains keep rolling

    08/04/2013 5:34:43 AM PDT · by thackney · 20 replies
    Petroleum News Bakken ^ | Week of August 04, 2013 | Gary Park
    Canada’s two big railroads and oil producers are pressing ahead with plans to increase the use steel-wheels-on-steel-rails to move crude even as the small Quebec town of Lac-Megantic reels from what can go wrong with a crude-laden train. Canadian Pacific Railway, despite four derailments of trains carrying oil or petroleum products this year, posted a record second-quarter profit, crediting long-haul oil shipments for much of the gain, while Canadian National Railway cited oil transport as a key to its profits for the quarter. But, acknowledging the public and political demand for action, both have tightened their safety procedures for trains...
  • Keystone XL Only a Matter of Time

    08/01/2013 8:05:08 AM PDT · by Leigh Patrick Sullivan · 22 replies ^ | August 1, 2013 | Leigh Patrick Sullivan
    Because the intended pipeline crosses an international border, the president has a say in the project. So far, we’ve seen President Obama hum, haw, mumble, and double-talk his way through questions about the pipeline. While I have always believed his hesitation was caused by the fact the Keystone decision would be a no-win for him – say no, piss off his union supporters, say yes and it’s the environuts who will be protesting – I have come to realize there might be something else at play.
  • Canada Train Wreck Shows Need For Keystone Pipeline

    07/09/2013 4:23:11 PM PDT · by raptor22 · 9 replies
    Investot's Business Daily ^ | July 9, 2013 | IBD EDITORIALS
    A n oil-laden train not unlike those rolling down American tracks derailed and exploded Saturday in a Canadian town, proving why pipelines are safer and environmentalist opposition to a pipeline from Canada is misguided. At least 13 people were reported dead and 37 missing in the charred Quebec town of Lac-Megantic, 130 miles east of Montreal, after the accident created an inferno of burning crude. Some may never be found, likely vaporized by the sheer intensity of the blaze that burned for 36 hours. Canada's oil boom, due largely to development of the oil sands in its western province of...
  • Bitumen bubble bursts as heavy oil differential narrows

    07/05/2013 10:58:58 AM PDT · by thackney · 4 replies
    The so-called "bitumen bubble," which was used to justify provincial cuts this spring, has burst, as Alberta bitumen passed the $85 per barrel mark this week. That's almost double what Alberta was getting for its raw bitumen in January, when prices were about $45 per barrel. And since all prices are based on U.S. dollars, and the loonie has dropped in value compared to its American counterpart, Thursday's price of $85.50 looks even sweeter. The most important international benchmark, West Texas Intermediate (WTI) oil at Cushing, Okla., was trading for $101 per barrel. And Western Canada Select (WCS), the benchmark...
  • {Canadian} Oil industry set to grow

    07/05/2013 5:04:03 AM PDT · by thackney · 7 replies
    CALGARY HERALD ^ | July 4th, 2013 | Postmedia News
    Canada's oil industry continues to expand and will see production more than double over the next two decades, says a forecast released by the Canadian Association of Petroleum Producers (CAPP). The projected increase presents both opportunities and challenges for the sector and the markets it is seeking to supply. Crude oil production in Canada is expected to increase to 6.7 million barrels per day by 2030, up from 3.2 million barrels per day in 2012, according to CAPP's 2013 Crude Oil Forecast, Markets and Transportation report released this month. This includes oil sands production of 5.2 million barrels per day...
  • Obama Donor Set To Profit From Keystone Demise

    06/27/2013 6:09:22 PM PDT · by raptor22 · 9 replies
    Investor's Business Daily ^ | June 27, 2013 | IBD EDITORIALS
    Energy Policy: A billionaire hedge fund manager and Barack Obama donor is pushing the president to stop the pipeline that would compete with one he's invested in. That pipeline could send Canadian oil to China. Environmental activist Tom Steyer donated as much as he could to get Massachusetts Rep. Ed Markey elected to the Senate in the recent special election to fill the seat vacated by now-Secretary of State John Kerry. He wanted another senator who's opposed to completing the Keystone XL pipeline that he says would be an environmental plague on the planet. A few days before President Obama...
  • Obama's Carbon Scam Jeopardizes Keystone Jobs

    06/26/2013 4:19:13 PM PDT · by raptor22 · 17 replies
    Investor's Business Daily ^ | June 26, 2013 | OND EDITORIALS
    Energy Policy: The president said Tuesday the pipeline from Canada should be built if the State Department finds it will not add to carbon pollution and is in our national interest. But State already has — twice. 'Allowing the Keystone pipeline to be built requires a finding that doing so would be in our nation's interest," the president said in his speech on climate change. "And our national interest will be served only if this project does not significantly exacerbate the problem of carbon pollution." As with Benghazi, President Obama must not talk to the State Department much. For in...