Home / Tag Archives: Alberta (page 3)

Tag Archives: Alberta

Kinder Morgan planning two natural gas liquids pipelines across northern Ohio

Texas-based Kinder Morgan Energy Partners LP says it intends to add a second 12-inch pipeline to its previously announced plan to ship petroleum-based liquids through northern Ohio. The additional line would transport natural gasoline. The lines, dubbed Utica to Ontario Pipeline Access (UTOPIA) West and UTOPIA East, would run side by side along a 240-mile route from Harrison County through ...

Read More »

Oil price plunge pulling Calgary’s housing market down with it

CALGARY, Alberta – A year ago, one of the hottest parts of Canada’s red-hot housing market was Alberta’s oil capital of Calgary, where cash-rich consumers fought for the fanciest home on the block. Now, a plunge in crude prices is pulling the housing market with it. While realtors in Calgary are loathe to admit the tide has turned, sellers are ...

Read More »

Premier of oil-rich Alberta says cuts needed, credit rating at risk

TORONTO – The oil-rich Canadian province of Alberta will spend its C$6 billion ($4.79 billion) contingency fund in six months and risk its credit rating unless it moves quickly to shore up its finances, Alberta Premier Jim Prentice said in an interview with the Globe and Mail newspaper. Prentice told the Globe that the province, the largest exporter of oil ...

Read More »

Pipeline expansion to connect Bakken ethane with Alberta market

Pembina Pipeline Corp. has announced plans to expand the Vantage pipeline system which would link Bakken’s growing supply of ethane with the petrochemical market in Alberta, reports The Bakken Magazine. The recently constructed high-vapor-pressure Vantage pipeline runs from a gas processing plant in Tioga, North Dakota, and extends 430 miles to Empress, Alberta. From there it connects to the Alberta ...

Read More »

Canada’s oil sands cash flows to fall by $21 billion in 2 years

CALGARY, Alberta – Oil sands cash flows will fall by $21 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta. Canada’s oil sands hold the world’s third-largest proven crude reserves after Saudi Arabia and Venezuela, but operating costs ...

Read More »

Editorial: Veto: Wrong response on pipeline

If he vetoes the Republican attempt to force him to approve the Keystone XL pipeline, President Barack Obama will be making a mistake. Not because he’s rejecting an overreaching Congress. He is and should, though he’ll likely have plenty of other opportunities through next year. The president is making a mistake because he continues to dither about an issue that ...

Read More »

CSX oil train derails in W. Virginia; 14 cars on fire

NEW YORK, Feb 16 – A CSX Corp train hauling crude derailed in West Virginia, setting 14 cars ablaze and forcing the evacuation of two nearby towns in the second significant oil-train incident in three days, local media reported on Monday. At least one of the tank cars careened into the Kanawha River another plowed into a house before bursting ...

Read More »

EDITORIAL: Stuck on the pipeline

In his State of the Union address last week, President Obama tweaked Republicans for their championing so vigorously the Keystone pipeline project. “Let’s set our sights higher than a single oil pipeline,” he nudged. Good idea, if the objective is a comprehensive plan to update the nation’s public works, including broadband. Worthy, too, is the notion that if the pipeline ...

Read More »

Hillary Clinton declines to take position on Keystone

WINNIPEG, Manitoba — Hillary Rodham Clinton on Wednesday declined again to take a position on the Keystone XL pipeline, telling an audience in Canada that she would not express her views on it because on an ongoing review by the State Department. “We have differences and you won’t get me to talk about Keystone because I have steadily made clear ...

Read More »

Keystone Pipeline bill passes House, moves to Senate

pipeline

U.S. Rep. Joe Wilson, R-S.C., said earlier this month that he believed the Republican majority would start pushing legislation across the table the following week. That’s why the House passage of the Keystone XL pipeline bill comes as no surprise, although getting it through the Senate and approved by President Barack Obama will remain a challenge. Considered a Republican-led effort, ...

Read More »