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Tag Archives: Alberta

Alberta oil sands output to nearly double by 2023 – regulator

By Nia Williams Alberta, Canada (Reuters) – Crude production from Alberta’s oil sands is forecast to nearly double to 4.1 million barrels per day by 2023, the Alberta Energy Regulator (AER) said on Thursday. In its annual supply and demand outlook the AER, which regulates the Canadian province’s oil and gas industry, said raw bitumen production will rise 95 percent ...

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Enbridge oil pipeline expansion plan in state worries environmentalists

By Lee Bergquist, Milwaukee Journal Sentinel A proposal to sharply increase capacity of a crude oil pipeline running from Superior to the Illinois state line is drawing fire from environmentalists and others who worry about the ecological threat of possible future spills. Enbridge Energy Co. is planning to triple capacity to 1.2 million barrels of oil a day. That would send ...

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Citigroup to start trading physical Canadian crude: sources

BY NIA WILLIAMS CALGARY, Alberta (Reuters) – Citigroup Inc <C.N> plans to start trading physical Canadian crude oil, three sources have told Reuters, setting itself up to jockey with banks and traders to fill the vacuum left by other Wall Street giants offloading physical commodity businesses. Three participants in the Canadian crude market, who declined to be named because they ...

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EDITORIAL: Approve the Keystone project despite the protests

protestors

Jim Snyder of Bloomberg News reported on how professional protesters are organizing and teaching people how to get arrested and otherwise garner publicity in their attempt to derail the Keystone XL pipeline project. But just as their protests are not as grassroots, their protests will not help the environment or the public. Just the opposite. The pipeline proposed by TransCanada ...

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U.S. delay pushes Canada oil pipeline choke points upstream

enbridge

CALGARY, Alberta (Reuters) – Enbridge Inc <ENB.TO> is on the brink of breaking through oil pipeline bottlenecks in the U.S. Midwest that have dogged the company for nearly four years, potentially ending a need to ration space at the heart of its network. But here’s the rub: Relieving congestion downstream is simply likely to expose choke points further upstream, traders ...

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Enbridge Energy official talks about oil boom’s impact on Minnesota

enbridge

By:David Schaffer, Star Tribune Enbridge Energy’s pipelines have for decades carried crude oil from Canada and North Dakota across northern Minnesota to U.S. oil refineries. Enbridge, whose headquarters is in Calgary, runs its U.S. pipeline development business from Duluth-Superior with about 700 employees. One of them is Mark Curwin, senior director of strategic coordination for U.S. projects. With the North ...

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Special Report: A Canadian family’s ‘Plan B’ to pump tar sands oil

oil refinery

BY RICHARD VALDMANIS AND DAVE SHERWOOD (Reuters) – Keystone XL, a pipeline proposal to pump Canadian oil sands through the heart of America, has alarmed environmentalists and become one of the most contentious issues of the Obama presidency. But there is a “Plan B” to cut the United States out of the picture, and it is championed by one of Canada’s wealthiest business dynasties. ...

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Canada oil patent suits stir fears of technology slowdown

oil field worker

CALGARY, Alberta (Reuters) – A subtle shift is under way in the Canadian oil industry, where collegial collaboration over vital new extraction technology is yielding to corporate protectionism in the race to profit from the world’s third-largest reserves. Canadian energy companies are filing four times more oil and gas technology patents than they did a decade ago and are increasingly ...

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The Utah tar sands time bomb

Utah River

By John Deede, Shale Plays Media While the debate over the proposed Keystone XL pipeline stretching from Alberta’s tar sands to the U.S. Gulf Coast has dominated environmental news, few people are aware that Utah has its own tar sand formation. The U.S. Government Accountability Office estimates that the recoverable oil in the Green River Formation located in Colorado, Wyoming and ...

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Energy industry keeps wary eye on Alberta political turmoil

By Nia Williams and Scott Haggett (Reuters) – Alberta’s powerful oil and gas industry is keeping a close watch on the uncertainty sparked by Alison Redford’s abrupt resignation as leader of the Canadian province, even though no change is expected in energy policy for now. Redford stepped down on Wednesday as premier of the ruling Progressive Conservative party following a controversy ...

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