Oilsands

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Canada’s Expanded Trans Mountain Pipeline Has the Tanks at Cushing, Oklahoma Running Dry

Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands, US News / By

Inventories at this key crude hub at the lowest in a decade for this time of year Bloomberg News Inventories in Cushing, Oklahoma, have been dwindling for the past four months and now sit near the lowest in a decade for this time of year. Photo by Daniel Acker/Bloomberg Oil-storage tanks at a key United States crude …

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Why Canada is on the Verge of an Unprecedented Rail Labor Stoppage

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By

For the first time, Canada’s two main railway companies – Canadian National Railway and Canadian Pacific Kansas City – are on the verge of a simultaneous labor stoppage that could inflict billions of dollars’ worth of economic damage. WHY ARE BOTH COMPANIES POISED TO STOP? Contract talks between the Teamsters union and the companies usually …

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TC Energy’s US$15B Keystone XL Claim Thrown Out by Trade Tribunal

Latest, Oilsands, US News / By

CALGARY — A free trade arbitration tribunal has tossed out TC Energy Corp.’s claim that it is owed US$15 billion in damages as a result of U.S. President Joe Biden’s cancellation of the Keystone XL pipeline permit. TC Energy launched a claim in 2021 under the legacy rules tied to the old North American Free …

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Strathcona Plans $2 Billion in Oilsands Carbon-Capture Projects

Carbon Capture, CDN and International News, Energy Topics & Technology, Latest, Oilsands / By

While Strathcona will own and operate the assets, it will evenly split the upfront capital costs with the federal Canada Growth Fund Bloomberg News Canadian driller Strathcona Resources Ltd. is planning as much as $2 billion in projects to capture carbon dioxide emissions from its oilsands operations, helped by backing from a Canadian public investment vehicle. While Strathcona will …

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Oil-Sands Capital of Canada Now Grappling With Second Wildfire

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New out-of-control blaze springs up north of Fort McMurray Earlier fire grew in size overnight and came closer to city The unofficial capital of Canada’s oil-sands industry is now facing a second wildfire that’s north of the city and closer to major energy operations. The new blaze near Fort McMurray, Alberta, is about 3 hectares …

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U.S. Crude, Gasoline and Distillate Inventories Fall, EIA Says

Energy Topics & Technology, Latest, Oil, Oilsands / By

U.S. crude oil, gasoline and distillate inventories fell last week as refining activity picked up, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2.5 million barrels to 457 million barrels in the week ending May 10, the EIA said, compared with analysts’ expectations in a Reuters poll for a 543,000-barrel draw. …

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Heavy Oil Discount Steadies

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The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) held steady on Monday:* WCS for June delivery in Hardisty, Alberta, settled at $12.75 a barrel below WTI, according to brokerage CalRock, unchanged from Friday’s closing price. * Canadian heavy crude has strengthened this month as the …

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Heavy Oil Shortage Spells Higher Cost for U.S. Shippers, Road Builders

Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands, US News / By

(Reuters) – Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners’ costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants. Prolonged OPEC supply cuts and international sanctions on Venezuela, Iran and …

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U.S. Oil Executive Censure Puts Spotlight on Shale-OPEC Meetings

Energy Topics & Technology, Latest, Oilsands, Shale, US News / By

A U.S. regulator’s censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners attended by dozens of shale executives. The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from …

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