Downstream News


Results 50 articles shown

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.

Canadian Railways In A Catch-22 Over Crude Shipment
Tuesday, March 27, 2018 Canadian railway operators see a lucrative opportunity to transport more crude oil to the United States.

Petronas Says Involved In Proposal To Build Gas Pipeline Extension
Friday, March 23, 2018 Petronas says it is one of the producers involved in TransCanada's proposal to expand a pipeline system.

Cenovus Energy Says Transportation Bottlenecks Hit Production
Thursday, March 22, 2018 Cenovus says it was running oil sands production below capacity and stockpiling excess oil due to trouble with exporting.

Canada's LNG Export Dream Isn't Dead Yet, Thanks to Trump
Thursday, March 22, 2018 Trump may be helping to revive Canada's dream of a liquefied natural gas export industry to supply growing markets in Asia.

Oil Sands Upgraders May Make a Comeback Amid Pipeline Crises
Monday, March 12, 2018 Turning Canada's heavy oil sands into a more marketable kind of crude is making a comeback, or rather half a comeback.

Cenovus CEO Optimistic Rail Will Help Clear Canadian Crude Glut
Tuesday, March 06, 2018 Rail companies will start shipping more western Canadian crude by mid-year.

Canadian Natural Resources Slows Heavy Oil Output Over Steep Price Discount
Thursday, March 01, 2018 Canadian Natural Resources says it will slow its output of heavy crude due to a steep price discount tied to tight transportation capacity.

Keystone Saga Takes Toll on Alberta as Oil Holdups Worsen
Wednesday, February 28, 2018 Pipeline bottlenecks aren't just hurting the companies operating in Canada's oil patch - they're taking a bite out of government coffers as well.

Investors Bail on Trapped Canada Oil as Pipeline Woes Deepen
Wednesday, February 21, 2018 Canada's energy companies can't get any love, even from many Canadians.

TransCanada Expands Gas Pipelines With Keystone XL in Limbo
Thursday, February 15, 2018 TransCanada announces another major expansion of its natural gas system in Alberta.

Kinder Morgan Canada Set To Fight Back In Pipeline Battle
Thursday, February 08, 2018 Kinder Morgan Canada is gearing up for a legal fight over British Columbia's plans to block increased oil shipments.

Canada's MEG Energy To Sell Pipeline, Storage Assets For C$1.61B
Thursday, February 08, 2018 MEG Energy has agreed to sell some pipeline and storage assets in Alberta to Wolf Midstream.

Canada Trims Pipeline Reviews as Oil Patch Says Details Missing
Thursday, February 08, 2018 Justin Trudeau is trying to make the oil industry's life a little easier.

Shell Canada Extends Jacobs' Scotford Contract into Fourth Decade
Tuesday, February 06, 2018 Jacobs provides mechanical maintenance and turnaround services at Scotford.

Canada's Imperial Oil Misses Profit Estimate As Expenses Weigh
Friday, February 02, 2018 Imperial Oil reports a lower-than-expected adjusted quarterly profit.

Kinder Pipeline Battle Spirals as Alberta Halts Power-Deal Talks
Friday, February 02, 2018 Alberta is striking back at British Columbia after the neighboring Canadian province proposed restricting shipments.

Suncor Going Autonomous in Oil Sands
Thursday, February 01, 2018 Implementing electric AHS will change some employees' roles, skill sets.

Canada LNG Project Developers Trim List of FEED Contenders
Tuesday, January 30, 2018 Four EPC bidders advance to next round for Vancouver Island project.

Husky to Restart SeaRose Operations after Iceberg Probe
Friday, January 26, 2018 Canadian regulators lifted a suspension notice on Husky Energy's SeaRose floating production vessel off the coast of eastern Canada, allowing the company to resume operations on the 27,000-barrel-per-day project.

Kinder Morgan Makes Utopia a Reality
Wednesday, January 24, 2018 Ethane pipeline links Utica to Ontario petchem plants.

Spokesman: Keystone Oil Pipeline Still At Reduced Pressure
Tuesday, January 23, 2018 TransCanada's Keystone crude pipeline is still operating at 20% reduced pressure, a spokesman for the company says.