While oil prices have dropped below $50 per barrel, expanding market access continues to be a long-term need for Canadian oil and gas producers. Despite lower revenues — the current estimated cost of a barrel of oil in Canada is around $35 — oil product is still expected to grow in 2015. “Canada has the […]
Getting oil to market faces challenges
“Pipelines have become the focal point of debate when looking at the energy industry” That comment was made by Norman Rinne, the Director of Business Development with Kinder Morgan. Rinne told the crowd at the World Heavy Oil Congress being held in Edmonton, Alberta that all you have to do is look at the ongoing […]
List of Canadian pipelines on hold
Mounting opposition from environmentalists have delayed a number of oil industry projects, here are the top four. 1) Keystone XL Keystone XL is a proposed 1,897-kilometre pipeline that would carry crude oil from Hardisty, Alta., to Steele City, Neb., where it would link up with other pipelines that run to the Gulf Coast and the […]
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. […]
Cenovus Energy can use all the pipelines it can get
When it comes to pipeline projects, Cenovus Energy says it needs them all to be built. That’s not all, chief executive Brian Ferguson says his company needs every major pipeline project, along with rail, to allow it to transport its growing oil sands production. Ferguson’s comments contradict some analysts predictions who say all the proposed […]
Kinder Morgan accused of not being forthright
The city of Vancouver, province of B.C. and others are saying the company that wants to build the Trans Mountain pipeline is avoiding a number of questions during the regulatory review. Kinder Morgan was given a long list with about 4-hundred questions on it. When the oil company responded to only 250, well that didn’t […]