Tag Archives: Canada

Canadian Pipeline Construction Project Planned

Keyera Corp. has announced it plans to construct the North Wapiti Pipeline System, providing critical infrastructure and services to producers developing the Montney Shale north of the Wapiti River. The project extends the capture area of Keyera’s recently approved Wapiti Gas Gathering and Processing Complex (Wapiti Gas Plant) and includes a 12-inch sour gas gathering pipeline, an 8-inch condensate and water pipeline, and a compressor station. The North Wapiti Pipeline System is underpinned by a long-term, take-or-pay natural gas gathering and processing agreement with privately owned Pipestone Oil Corp. Pipestone has also entered into a separate long-term agreement […]

Pipeline Construction Project Hearing Begins in Canada

Canada’s National Energy Board (NEB) will hear oral cross-examination beginning today, Nov. 8, on an application from TransCanada to abandon a 266-kilometer section of its Peace River Mainline. The hearing will begin at 9 a.m. at the NEB’s Hearing Room in Calgary, and is open to the public. TransCanada applied to the NEB on Aug. 18, 2016 to abandon parts of the Peace River Mainline in northwestern Alberta. The company proposes to remove a nine-kilometer section of the pipeline on Sturgeon Lake Cree Nation Reserve Land. If this application is approved, TransCanada would abandon the remaining pipeline segments […]

Canadian Regulators Set Hearing to Address Trans Mountain Expansion Constitutional Question

Canada’s National Energy Board (NEB) will hold a two-day oral hearing to address a motion filed by Kinder Morgan, which includes constitutional questions. The company filed a request with the NEB on Oct. 26, saying it had been unable to secure municipal permits that would allow the company to begin construction work at the Burnaby and Westridge Marine terminals, and to use a temporary work site. In a letter issued on Nov. 6, the NEB outlined a process to address these concerns. The attorneys general of Canada and the provinces have until Nov. 8 to declare their intent […]

Chevron Bets On Canada Shale After Majors’ Oil Sands Exodus

After selling part of its Canadian downstream business, Chevron is now betting on Canadian shale development in a welcome move for the local oil industry that has seen oil majors dump stakes in Canada’s oil sands this year. Chevron Canada Limited said on Monday that it was moving into development on a portion of its lease holdings in the Kaybob Duvernay area of west-central Alberta, following a successful three-year appraisal program. The initial development program is expected to comprise some 55,000 acres of Chevron’s operated position in the Duvernay resource in the area known as […]

Kinder Morgan Warns About Trans Mountain Delays

Kinder Morgan has warned that its Trans Mountain oil pipeline expansion project is facing possibly months of delays because of the timing of permit issuance and other regulatory approvals. The delay could be as long as nine months, Kinder Morgan’s chief executive Steven Kean said in a recent conference call, adding, however, that the company was taking steps to mitigate the effects of the lengthy approval process. Kinder Morgan still believes there is a chance for the expanded Trans Mountain pipeline to start carrying crude from December 2019 as originally planned. The Trans Mountain project, […]

Husky Energy Set To Restart Pipeline

Husky Energy (TSE: HSE) received a greenlight to restart its pipeline after successfully undergoing testing, inspection, and evaluation of a previously ruptured pipeline, according to local media. Last July, Husky’s pipeline leaked about 225,000 liters of heavy oil mixed with a diluent, about 40 percent of which made its way into the North Saskatchewan River. That was 15 months ago, and the pipeline has been idle ever since. The Saskatchewan government gave the go-ahead to restart the pipeline on Wednesday, but the approval doesn’t mean that Husky will not be fined handsomely for the 2016 […]

Barclays: Canada’s Oil, Gas Mid-Caps To Benefit From Slower Output Growth

Canadian mid-cap oil and gas drillers could actually benefit from the slower production growth because it would boost capital efficiency and lower risks, according to research by Barclays. Canada’s exploration and production (E&P) companies do not usually promise high growth in output, unlike U.S. oil and gas drillers, Barclays says, as reported by Reuters. In Canada’s oil and gas industry as a whole, a slowdown in production growth could ease some of the pressure on service costs and mitigate pipeline pressures, according to Barclays. Three of Canada’s mid-caps that have seen their stocks drop by […]

TransCanada Says It’s Cancelling Energy East Pipeline

TORONTO (AP) — Pipeline company TransCanada said Thursday it’s cancelling a plan to pipe 1.1 million barrels of oil per day from Western Canada to the Atlantic coast. TransCanada Chief Executive Officer Russ Girling said in a statement that “after careful review of changed circumstances, we will be informing the National Energy Board” it won’t go ahead. He didn’t specify reasons but Alberta’s oil sands growth has slowed with the decline in the price of oil and there was environmental opposition in Quebec. Girling had previously called the pipeline a historic opportunity to connect the […]

Canada’s Watchdog: Kinder Morgan Complied With Stop Order

Canada’s National Energy Board (NEB) has said that Kinder Morgan had complied with an order from last week to stop work that it was not yet authorized to perform along the planned route of the Trans Mountain pipeline expansion. The Trans Mountain Expansion Project envisages the twinning of the existing pipeline between Edmonton, Alberta and Burnaby, British Columbia, to raise the nominal capacity of the pipeline system to 890,000 bpd from 300,000 bpd. Earlier this month, the NEB was made aware that Trans Mountain Pipeline ULC had installed fish spawning deterrents at one watercourse along […]

Canada’s Prolific Montney Shale Drives Pipeline Expansion

With oil and gas output still on the upward swing in Canada’s most prolific shale play, despite depressed oil prices, one of the biggest benefactors is a Calgary-based pipeline company with enough demand to fund a 45,000-bpd expansion. Pembina Pipeline Corp. announced today that it’s planning to boost capacity in response to an uptick in demand from customers in the Montney shale and Deep Basin oilfields, according to a company press release. An additional 45,000 barrels per day of capacity will be tacked onto Pembina’s Phase V expansion project. The additional capacity will allow it […]

Pembina to Expand Phase V Project

Pembina Pipeline Corporation today announced that in order to accommodate incremental volume commitments from customers, the company is adding additional infrastructure and increasing operational flexibilities to its previously announced Phase V pipeline expansion, which includes a 20-inch pipeline from Lator to Fox Creek, Alberta. Pembina is also revising its capital cost estimate for Phase V by an additional $135 million for a total capital cost of $385 million. The Phase V capital cost estimate revision includes: $90 million towards increased receipt station functionality at Lator by adding 40,000 barrels of operational crude and condensate storage, new […]

Report: Canada’s Duvernay Shale Contains 3.4 Billion Barrels of Light Oil

The National Energy Board (NEB), together with the Alberta Geological Survey (AGS), today released a new resource assessment for the Duvernay Shale in central Alberta that adds significant quantities of marketable light oil resources in the province as well as natural gas and natural gas liquids (NGLs). Using geological and in-place hydrocarbon data provided by the AGS, the NEB estimates the Duvernay Shale contains 3.4 billion barrels of marketable light oil and field condensate, or 17 years of Alberta’s annual production. It also shows marketable gas resources equivalent to nearly 25 years of Canada’s annual consumption. Deposited […]

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