The first major new oil pipeline to be built in Canada in decades is set to open on Wednesday, praised by proponents but panned by environmentalists worried about the consequences of more crude production. The Can$34-billion (US$25 billion) Trans Mountain pipeline expansion project was a ...
The original Trans Mountain Pipeline was built in 1953 and continues to operate today. The expansion project is essentially a twinning of this existing 1,150-kilometre pipeline between Strathcona County (near Edmonton), Alberta and Burnaby, British Columbia. It will create a pipeline system with th...
Startup of the Trans Mountain Expansion pipeline in early Q2 - providing some 600,000 b/d of new basin egress, besides boosting both heavy and light oil prices for producers - will potentially result in a return of capital to Western Canada, the CEO of a leading heavy oil producer said ...
Canada will also offer federal loan guarantees to ensure construction continues through the 2018 season as part of the deal with the company, a unit of Houston-based Kinder Morgan Inc . "The federal government has reached an agreement with Kinder Morgan to purchase the existing Trans Mountain pi...
Here are some excerpts froma storyfromBloombergabout a pipeline being built by Canada’s government. And since it’s being built by government, there are giant cost overruns. The expansion of the Trans Mountain oil pipeline will cost about $3.1 billion more than the Canadian government-owned co...
Weakness in imports linked to a soft domestic economic outlook and strength in energy exports as the Trans Mountain pipeline becomes operational will drive the improvement Read More Canada’s Ruling Liberal Party Facing Electoral Wipe-Out Next Year, Raising Policy Risks In The Near-Term Political Ri...
“We’ve also have a federal appeal ongoing of the order we received already approving this project as ‘in the Canadian national interest’,” said Kean, calling Trans Mountain “a valuable project.” Kean told his investors’ audience at the end of 2017, that the oil pipelin...
Canada's energy sector is ripe for some good news. Shell's LNG Canada Project is days away from a final commitment by Shell, while the Trans Mountain Pipeline (now owned by the Federal Government) is moving through the regulatory process...
But after last week's court ruling, Alberta backed out of the deal. "Signing on to the federal climate plan can't happen without the Trans Mountain pipeline," Alberta Premier Rachel Notley told reporters. "With the Trans Mountain halted and the work on it halted, until the federal governme...
It seems that, once again, Canada is struggling to build crude oil pipeline export capacity fast enough to keep pace with production growth. The latest setback came with the announcement that completion of the Canadian government-owned Trans Mountain Expansion (TMX) will be delayed until t...