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1-10 results from 1000 for query «pipelines»

January 9, 2019 2:10 PM TransCanada drops ‘Canada’ from its name after 67 years

“The name TC Energy clearly articulates our complete business – pipelines, power generation and energy storage operations – and reflects our continued continental growth into an enterprise with critical assets and employees in Canada, the United States and Mexico,” chief executive officer Russ Girling said in a statement Wednesday. Fittingly, the name change 10

December 29, 2018 5:00 AM Fuel thefts are an inside job, Mexican president says

MEXICO CITY—The theft of $3 billion in fuel every year from Mexico’s state-run fuel depots and pipelines is an inside job, the country’s new president said Thursday. President Andres Manuel Lopez Obrador said thieves don’t just drill taps into government pipelines. He said company employees steal fuel and distribute it or help thieves by ensuring fuel continue 11

December 27, 2018 8:36 PM Too much oil, not enough pipelines, ‘primary factor’ in price plummet

The NEB says it has launched an online forum to gather public input and will meet with pipeline companies, producers, shippers, government officials and other experts in January to gather more answers for the minister. The report notes that about one million barrels per day of nameplate Canadian oil pipeline capacity was added between 2013 and 2016 but there 13

December 10, 2018 4:27 PM Alberta’s finance minister says Quebec premier lacks understanding of energy industry

OTTAWA—Alberta’s finance minister says Quebec’s resistance to a pipeline carrying western Canadian oil across its territory shows the provincial premier’s lack of understanding about the Alberta energy industry. Speaking ahead of a federal-provincial finance ministers’ meeting today in Ottawa, Joe Ceci argues Alberta has been innovative in removing carbon 15

December 5, 2018 6:29 PM Oilsands crisis hits home as Canadian Natural cuts spending

The oilsands producer, which is projecting 2019 output equivalent to as much as 1.12 million barrels of crude a day, is the first major Canadian energy company to announce its spending plans for next year. With Western Canada’s pipelines overflowing, its crude selling at deep discounts and the province of Alberta mandating industry-wide production cuts, the company’s 26

December 5, 2018 3:19 PM Oilsands firm Canadian Natural cuts $1 billion from budget due to low oil price

CALGARY—Oilsands producer Canadian Natural Resources is setting its 2019 capital budget at $1-billion less than its “normalized” range but says it will ramp up spending if heavily discounted oil prices in Western Canada rebound. The Calgary-based company says it is targeting a 2019 base capital program of $3.7 billion, about 20 per cent below its preferred 23

December 3, 2018 3:00 PM Why a provincial crisis in Western Canada is boosting global oil

Global oil giants like the U.S., Russia and Saudi Arabia that command the attention of traders had some unexpected company on Sunday: a province of less than 5 million people in Western Canada. Alberta added to a crude price rally Monday when Premier Rachel Notley announced producers must reduce output by 325,000 barrels a day starting next month. That’s 38

December 1, 2018 4:52 PM Overflowing oil production continues to dampen oilpatch outlook, prices

Upgraded synthetic crude from oilsands mines was selling at an $18.50 (U.S.) discount to WTI (it typically trades near par) and Edmonton light oil was receiving about a $23 discount (U.S.), although it is of similar quality to WTI. In an update report on Nov. 21, Scotiabank analysts said the wider-than-usual discounts will cost the Western Canadian oil industry 26

December 1, 2018 12:59 AM Next year’s challenge for Canada’s oilpatch comes from the sea

Just when relief was in sight for Canada’s beleaguered heavy oil producers, a new threat is emerging. A new rule taking effect in 2020 aimed at reducing pollution by cutting the sulphur content of maritime fuel will make sulfur-heavy oil sands crude less desirable. That may dampen the impact of an Enbridge Inc. pipeline expansion and additional rail capacity 20

November 27, 2018 5:30 PM Scotiabank ‘confident’ its energy portfolio can weather oil slump

Scotiabank’s energy loans accounted for $14.8 billion, or 2.6 per cent of its loan book in the fourth quarter, according to financial disclosures. Of that, $3.4 billion was tied to Canadian exploration and production, including $1.2 billion directly linked to Western Canada Select oil. Bank of Nova Scotia and Bank of Montreal have the highest direct 21