Production There are 173 billion bbls of proven oil reserves in Canada. The oil sands hold 167 billion bbls . Canadian crude oil production is expected to increase to 6.4 million bpd to 2030. Oil sands production is expected to increase to 4.8 million bpd by 2030. The bitumen upgrading is not likely to increase […]
Comment: Seizing an opportunity
Prior to a recent tour of British Columbia, I thought people in the province were opposed to shipping the product of Canada’s oil sands through their province. But I saw firsthand that the reality is far more complex. The natural inclination for many Albertans is to tell the people of BC about the economic benefits […]
Comment: Pick your choice for crude transport – pipeline, train, truck or ship
Crude oil is moving around the world, around North America, around pristine wilderness, around our cities and towns. It’s going to keep moving, so what is the safest way to move it? The short answer is: truck worse than train worse than pipeline worse than boat (Oilprice.com). But that’s only for human death and property […]
Train car demand
While environmentalists and others are battling new pipelines around North America – the amount of train traffic hauling Alberta crude is on the rise. This may become more of a permanent fixture. An indication of this. One company, Cenovus, has appointed its first ever vice-president of rail operations. So far the Calgary-based company has shipped […]
New diluent line to oil sands up and running
Inter Pipeline has completed a $1.1 billion conduit serving two northern Alberta oil sands projects operated by Cenovus Energy Inc. The new line will deliver as much as 350,000 barrels per day of diluent, an ultra light form of crude oil blended into the tar-like bitumen from the oil sands so it can flow on […]
Comment: A renewed appeal for Keystone
What’s going on with oil and energy these days? Last week, SNL Financial noted that, “Canada’s crude oil producers are looking to markets other than the U.S. to sell increased output amid delays in pipeline expansions, according to the president of the Canadian Association of Petroleum Producers. “In terms of growth potential, Keystone is obviously […]
Comment: Northern Gateway exposes Canada’s fractures
In late June, the federal government announced Enbridge’s $7.9-billion Northern Gateway Pipeline can proceed if it meets the National Energy Board’s 209 conditions. That’s indicative of a multiplicity of concerns around a project that includes a 1,200-kilometre pipeline that would traverse some of the most wild and spectacular terrain in Canada, and the shipping of […]
Comment: Jeff Immelt is the right guy to make changes in the oil sands
General Electric Co. chairman and chief executive officer Jeff Immelt is just what Canada needs to develop its oil sands — an American leader with stature in Washington, on Wall Street, in the oil patch and in Silicon Valley. He said this week that GE will help companies clean up the oil sands so that […]
Comment: Pipeline east little benefit for Ontario
The Northern Gateway Project, promises to keep British Columbia mired in debate for years to come. Despite the National Energy Board’s recent approval, staunch opposition from First Nations groups and environmentalists looks set to suspend the pipeline in a state of legal limbo. Across the border, meanwhile, the high-stakes world of pipeline politics means U.S. […]
Comment: Let’s make use of our natural resources
I am appalled by the many frivolous lawsuits filed against the Northern Gateway pipeline project by various interest groups. If these groups had lived in the 1880s, when the Canadian Pacific Railway tunnels were chiseled through the Rocky Mountains, or in the 1950s and 1960s, when the Trans-Canada Highway, the longest in the world today, […]
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