People who are adamantly protesting the Northern Gateway pipeline’s tentative approval seem to forget one very important thing. Both the Canadian National and the Canadian Pacific Railways are ready to use “unit trains,” similar to the coal trains that rumble along to the Roberts Bank super port, but instead of coal, the trains will be […]
Canadian crude by the numbers, a CAPP report
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 […]
Lawsuit launched up north
An Inuit village has joined a growing list of lawsuits filed against the oil industry, following the multiple litigations all over the North America (source:http://sideeffectsofxarelto.org/current-xarelto-lawsuits/). Clyde River, is located on the east coast of Baffin Island about 2,000 kilometers from the North Pole. The waters in the region is populated with narwhals, bowhead whales, walruses, […]
Damage worse than thought
Some regions in the Gulf of Mexico affected by the Deepwater Horizon oil spill are still feeling it’s affects. It was four years ago when BP’s well ignited and pumped oil into the Gulf of Mexico for three months. Six months after the spill, a survey showed severe damage was done to coral up to […]
Is the U.S. trying to strongarm EU to accept petroleum products from Alberta’s oil sands
It’s being reported by the IPS News Agency documents suggest the U.S. government is trying to prevent a landmark regulatory proposal in the European Union aimed at addressing climate change. Environmentalists, working off of documents released through open government requests, say U.S. trade representatives are responding to frustrations voiced by the oil and gas industry. […]
Burnaby B.C. says “NO” to Kinder Morgan
Kinder Morgan‘s National Energy Board review of its Trans Mountain pipeline is on a seven month delay. The reason is a lack of cooperation from Burnaby. The NEB agency wants information about a preferred new Burnaby Mountain route, but Burnaby is not allowing engineers and other specialists hired by Trans Mountain on to city property. […]
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 […]
Social license requires integrity and follow through
If the oil industry isn’t going to operate on a zero spill mandate, when there are issues at sites and cleanups are not done quickly enough to satisfy area residents, a companies social license can be in jeopardy. That’s what’s happening in Louisiana. Many landowners in the southern state have been locked in a battle […]
U.S. oil imports expected to hit mark not seen in almost half a century
Next year the United States is expected to import its lowest amount of oil since 1970. By the end of 2015, imported oil will account for just 22 percent of what is used in the States. Because of the all the oil being produced in the U.S., the industry is urging the Obama government lift […]
Total S.A. finds out the hard way what the rest of the oil industry is experiencing
When Total’s chief Christophe de Margerie launched a “high risk, high reward” oil exploration strategy two years ago, he was betting he could hit a bonanza, where his rivals had failed.. Now it appears the French oil company is following the industry trend of making smaller and fewer finds. This despite the fact global investments […]
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