Downstream News


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Rule Change Cuts Demand for Canadian Oil
Tuesday, August 14, 2018 Canadian heavy oil producers are facing a new barrier to marketing their crude.

Canada's Govt May Need to Pay More to Expand Trans Mountain
Wednesday, August 08, 2018 Kinder Morgan Canada said the Trans Mountain oil pipeline expansion will cost 26 percent more than estimated and take a year longer to complete.

Canada's Takeover of Trans Mountain Pipeline to Close in Late 2018 -Proxy
Tuesday, August 07, 2018 Kinder Morgan Canada now expects a takeover of its Trans Mountain crude oil pipeline to close in late 2018.

Enbridge Completes 40 Pct of Line 3 Work, Tops Profit Estimates
Friday, August 03, 2018 Enbridge Inc said on Friday it had completed 40 percent of replacement work on its massive Line 3 pipeline and reported a better-than-expected quarterly profit by reining in costs.

Canada Crude Differential Seen Staying High As Refiners Take Downtime
Friday, August 03, 2018 The discount on Canada's heavy crude, which reached a nearly five-year high this week, looks to remain elevated.

TransCanada Sees Robust Oil Shipper Interest In Keystone XL
Thursday, August 02, 2018 TransCanada is seeing strong interest from oil shippers in locking up the remaining space on Keystone XL.

Cenovus To Hold Back Oil Output On Pipeline Woes, Suncor Weighs Hit
Thursday, July 26, 2018 Cenovus Energy says it would hold back on future oil production until pipeline bottlenecks have eased.

Canada 'Won't Rush' Trans Mountain Pipeline Sale
Friday, July 20, 2018 About a dozen parties interested in the Trans Mountain oil pipeline, but the Canadian government won't reach a deal to flip it before a marketing deadline.

BC LNG Terminal to Help Struggling Canadian Gas Producers
Thursday, July 19, 2018 A liquefied natural gas terminal in British Columbia will 're-focus people on Canadian gas.'

IHS Markit Sees Canadian Oil Sands Growth Moderating After 2019
Tuesday, July 17, 2018 Canadian oil sands production will rise more than half a million barrels per day in 2019.

LNG Canada Ticking the Boxes Toward Approval, Servicers Say
Thursday, July 12, 2018 A flurry of activity this year in the remote Pacific town of Kitimat, where the facility would be located, has raised optimism that the project will be built.

Canadian Oil Executives Downplay Transportation Bottlenecks
Tuesday, July 10, 2018 Executives downplay severity of transportation bottlenecks to move oil in the near term.

Sources: Sale of Canadian Refinery Falls Through As Owners Clash Over Price
Tuesday, July 10, 2018 The sale of a remote Canadian refinery has been scuttled as former oil traders running the company locked horns over the value of the plant, according to sources.

OPEC To Canada: Build Pipelines Or Watch Investment Flow South
Tuesday, July 10, 2018 The president of OPEC urges Canada to invest in infrastructure to move oil and gas, or risk watching investment flow away to the United States.

Suncor's Syncrude To Resume Some Output In July, Full Ops In Sept
Monday, July 09, 2018 Suncor says its Syncrude oil sands project in Western Canada will resume some production in July.

TransCanada Extends W Virginia Leach Natgas Pipe Return To mid-July
Monday, July 02, 2018 TransCanada's Columbia Gas Transmission unit pushes back the date the section of its Leach Xpress natural gas pipeline.

LNG Canada Says Local Support Has Cut Risk Of Delays, Overruns
Thursday, June 28, 2018 A strong stakeholder engagement program at a LNG export plant on Canada's West Coast has helped pare the risk of delays and cost overruns for the $30.1B project.

Canada Dreams Of Oil Exports To Asia, But California Beckons
Tuesday, June 26, 2018 The nationalization of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States.

Oil-Sands Outage Upends Global Oil Market, Overshadows OPEC
Monday, June 25, 2018 The shutdown of a key oil-sands facility in Canada is flipping the global oil market on its head and slamming shares of producers that depend on the plant.

Power Outage Affects Syncrude Oil Sands Output
Thursday, June 21, 2018 A power disruption at Syncrude's Mildred Lake, Alberta, crude oil upgrading site has affected operations.

TransCanada Keystone XL May Be One Oil Pipeline Too Many
Wednesday, June 20, 2018 TransCanada's Keystone XL may be one pipeline too many for Canada, at least for now.

Baytex to Buy Raging River in $1.2B Oil Sands Deal
Monday, June 18, 2018 Baytex Energy Corp. agrees to buy rival western Canadian oil producer Raging River Exploration Inc.

Industry Group: Canadian Oil Output to Rise 33% by 2035
Tuesday, June 12, 2018 Canada's crude production will rise 33% by 2035, driven by increased output from oil-sands operations, according to the industry's main trade group.

Enbridge Takes Steps on Pipeline Policy After BP Complains
Monday, June 11, 2018 Canada's biggest pipeline operator said that it was taking steps to address complaints from oil shipper BP PLC about abrupt changes it made to allocating space on its Mainline system.

Enbridge Pipeline Reversal Earns BP's Ire, Suncor's Praise
Friday, June 08, 2018 Enbridge's decision to implement and then scrap new rules governing Canada's biggest export pipeline system sent crude prices on a record roller coaster move this week.

No Natgas Flows Through W. Va. Leach Xpress, Producers Use Other Pipes
Friday, June 08, 2018 TransCanada Corp says it cannot move natural gas until further notice.

BP Complains To Canada Regulator About Enbridge Oil Pipeline Actions
Thursday, June 07, 2018 BP complains to Canada's NEB regulator about Enbridge's implementation and then abrupt reversal of new rules for shipping crude on its Mainline pipeline system, NEB documents show.

Canadian Oil Has Record Day After Enbridge Scraps New Rules
Tuesday, June 05, 2018 Canadian crude surged by the most ever after Enbridge Inc. said it won't implement a new procedure to stop shippers.

Petronas Agrees to Acquire 25% Stake in LNG Canada Project
Thursday, May 31, 2018 Petronas agrees to acquire a 25% stake in the LNG Canada project in Kitimat, British Columbia.

Trudeau's Pipeline Takeover Is Bittersweet Win for Oil Sands
Wednesday, May 30, 2018 Canada's purchase of Kinder Morgan Inc.'s embattled pipeline is good news for the oil patch, so long as it doesn't become the norm.

Canada Buys Kinder Trans Mountain Pipeline for $3.5 Billion
Tuesday, May 29, 2018 Canada will buy Kinder Morgan Canada Ltd.'s Trans Mountain oil pipeline in a bid to ensure it gets built amid fierce opposition.

For Sale: Stalled Pipeline Project, Protesters Included
Friday, May 18, 2018 Justin Trudeau's pipeline nightmare may be only getting started.

Canada Backstops Kinder Morgan for Trans Mountain Delays
Wednesday, May 16, 2018 Justin Trudeau's government is prepared to reimburse Kinder Morgan Canada for any financial losses incurred by 'politically motivated' delays.

CEO: LNG Canada Committed To Starting Construction On Project In 2018
Tuesday, May 15, 2018 The chief executive of the LNG Canada project on BC's northern coast says the company was committed to starting construction on the LNG export project this year.

Shell To Sell Stake In Canadian Natural For About $3.3B
Tuesday, May 08, 2018 Shell's Shell Gas B.V. unit will sell its entire stake in Canadian Natural Resources Ltd for $3.3 billion.

Suncor Ramps Up Megaprojects as Refining Arm Protects Prices
Wednesday, May 02, 2018 Suncor Energy is barreling ahead on the ramp-ups of the Fort Hills and Hebron oil megaprojects.

HollyFrontier Beats As Permian, Canadian Crude Drive Margin Gains
Wednesday, May 02, 2018 HollyFrontier posts a 70% rise in 1Q refining margins.

Vancouver Gasoline Hits $4.77 a Gallon, Tops in North America
Tuesday, May 01, 2018 Vancouver sits less than 750 miles from the Canadian oil sands but it may as well be on another continent for vehicle drivers.

Encana Skirts North American Pipeline Mess to Protect Prices
Tuesday, May 01, 2018 Encana has so far avoided the pipeline bottlenecks, thanks to the company's hedging program and transportation agreements.

Keystone Owner TransCanada's Profit Beats On US Demand
Friday, April 27, 2018 TransCanada capitalizes on higher demand for Canadian heavy oil at US refineries.

Imperial Oil Hikes Dividend, Buyback After Profit Jump
Friday, April 27, 2018 Imperial Oil reports a 55% jump in quarterly profit, helped by strength in its refining and chemicals businesses.

Canada's Husky Energy Gains On Higher Refining Margins
Thursday, April 26, 2018 Husky Energy's first-quarter profit beat analysts' estimates.

Enbridge Shares Fall on Minnesota Pipeline Route Ruling
Tuesday, April 24, 2018 Shares of Canadian pipeline operator Enbridge Inc dropped more than 4 percent after a Minnesota judge agreed the Line 3 oil pipeline replacement project was needed, but rejected the company's preferred route.

Canada Oil Recovery Faces Threat From Potential Rail Strike
Wednesday, April 18, 2018 A potential strike by Canadian Pacific Railway Ltd. workers threatens to derail a recovery in Alberta's beaten-down heavy oil prices.

Caisse's Stake in Kinder Brings Quebec Into Bitter Pipeline Feud
Wednesday, April 18, 2018 Caisse de Depot et Placement du Quebec discloses a large stake in Kinder Morgan Canada Ltd.

Oil Cutoff Threatened as Canada Provinces Feud Over Pipeline
Tuesday, April 17, 2018 Canada's internal fight over Kinder Morgan Inc.'s Trans Mountain pipeline escalates.

Trudeau Seeks Talks With Kinder to Get Line to Pacific Built
Monday, April 16, 2018 PM Trudeau plans to start talks with Kinder Morgan to backstop the Trans Mountain pipeline after failing to end a spat between Canadian provinces that put the vital project at risk.

In Canada's Wild West, Pipeline Politics Pay No Heed to the Law
Thursday, April 12, 2018 British Columbia Premier John Horgan was told by legal advisers last year before taking power that blocking the Kinder Morgan project would be against the law.

Trans Mountain or No, Alberta Has Some Oil Shipping Options
Wednesday, April 11, 2018 If Kinder Morgan Canada decides to shelve its now-stalled Trans Mountain pipeline expansion project, oil sands producers will have to get creative about moving their crude.

Alberta Premier Says Willing to Buy Trans Mountain Pipeline
Tuesday, April 10, 2018 The Canadian province of Alberta is willing to purchase the Trans Mountain pipeline outright should Kinder Morgan Canada Ltd walk away from its planned expansion of the crude oil line.