The additional Canadian crude volumes that will be transported from Alberta via the expanded Trans Mountain oil pipeline are likely to stay in North America and end up on the U.S. West Coast instead of in Asia, as planned years ago when the project was designed, traders have told Reuters. ...
the Trans Mountain pipeline system has been responsible for opening up entirely new markets for Canadian crude. As we discuss in today’s RBN blog, despite its numerous delays and immense cost, the pipeline has recently seen record crude shipments and is nearing its nameplate capacity, driven by...
"If I were on the board (of a pipeline company), I would find these risks very difficult to rationalize taking on," McConaghy said in an interview. Canada's current option to bypass the U.S. is the Trans Mountain pipeline system, running from the oil-producing p...
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’s government will make a decision by the end of this year on Kinder Morgan’s (KMI -1.3%) Trans Mountain oil pipeline expansion after...
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. ...
The surge in exports primarily stems from the Trans Mountain Pipeline extension, whichopenedon May 1, 2024, expanding capacity from 300 kbpd to 890 kbpd. Vancouver has emerged as a crucial export hub, now handling 60% of total Canadian crude tanker exports, a dramatic increase from its previ...
Keywords 1. Introduction 2. Perspectives on nationalization 3. Case study: The nationalization of the Trans Mountain Pipeline in Canada 4. Conclusions CRediT authorship contribution statement Declaration of Competing Interest Acknowledgements Funding ReferencesShow full outline Cited by (12) Figures (1)Ge...
There were political skirmishes in the past, but worldwide worries about climate change have supercharged the resistance Author of the article:By Stuart Thomson Published Apr 11, 2018Last updated Apr 13, 2018 3 minute read Join the conversation The original Trans Mountain pipeline from Edmonton ...
The Trans Mountain pipeline expansion, which carries Alberta crude to the West coast, had to be rescued by Ottawa after investors were driven away by federal regulation, constant litigation and political opposition in B.C. TC Energy cancelled its Energy East pipeline in 2017 because of fede...