Canadian oil supplies to the U.S. Midwest were disrupted after Enbridge Inc. shut a pipeline because of a leak.
The company isolated its Line 4 pipe at the Regina terminal in Saskatchewan yesterday after about 1,350 barrels of oil were released within an on-site pumping station, according to a statement. The company is excavating the line around a pumphouse and hasn’t provided an estimate for how long repairs may take, Gerard Kay, deputy chief of operations at Regina Fire and Protective Services, said by phone.
EDMONTON — The Alberta government has charged an energy company for a massive 2011 oil pipeline spill that fouled land in the northwestern part of the province.
Plains Midstream Canada faces three charges under the Environmental Protection and Enhancement Act.
The April 2011 breach, about 95 kilometres northeast of Peace River, caused 4.5 million litres of oil to spill onto the land, closed a school in the nearby community of Little Buffalo and created health problems for people in the area.
Big shippers, including Imperial Oil Ltd, Exxon Mobil Corp, Suncor Energy Inc, Marathon Petroleum Corp and Phillips 66, have all filed motions with the regulator in protest
CALGARY — Enbridge Inc and its crude oil pipeline customers are battling over a plan by the company to try to cut the over-booking of capacity on the massive export network that has played a role in the deep discounting of Canadian crude prices.
CALGARY – Construction of new oil pipelines linking Albertan crude with key U.S. refining markets helped Enbridge Inc. move into the black in the fourth quarter of 2014.
Enbridge, Canada’s largest pipeline company, said Thursday it posted net earnings of $88 million, or 11¢ per share, in the final three months of last year, compared with a $271 million (33¢) loss in the same quarter the year before and a rebound from an $80 million loss in the third quarter of 2014. Revenue rose to almost $8.8 billion from $8.29 billion.
CALGARY — Enbridge Inc. says it has restored services to more of a regional pipeline system that takes oil sands production from northern Alberta to an important hub further south in the province.
However, a segment between Fort McMurray, Alta., and the Cheecham Terminal — near the site of a weekend leak — remains offline as more data is collected and work on repairs continues, the Calgary-based company said Wednesday.
Oil inventories at key Alberta storage hubs of Edmonton and Hardisty breached 10 million barrels in each location last week, according to data from global energy consultancy Genscape, suggesting Canadian oil prices may trend even lower in the near future.
Oil markets are also keeping an eye on Cushing, Okla., North America’s largest oil storage complex, which could reach maximum capacity as early as next month.
Canada’s Enbridge Inc has returned a major section of the 540-km (335-mile) Athabasca oil pipeline to service, after a spill on a smaller line disrupted the flow of oil sands crude and forced Suncor Energy to shut in output in Alberta.
Enbridge said on Monday the southern portion of the 345,000 barrel per day Athabasca pipeline, which carries blended crude to the Hardisty terminal in Alberta, was restarted late on Sunday, but the northern segment remains shut.
CALGARY • Enbridge Inc. is working to open a major new pathway to the U.S. Gulf Coast for Alberta bitumen, solidifying a commercial link between the world’s No. 3 crude deposit and the Texas refining corridor that has so far eluded industry planners.
Canada’s largest pipeline company is spending $2.8-billion to “twin” its Spearhead pipeline from Flanagan, Ill., to Cushing, Okla., and another $1.1-billion to nearly triple capacity on its Seaway system between the Midwest storage hub and the Houston area.
VANCOUVER • An inky-blue dawn breaks across Burrard Inlet as the oil tanker British Beech glides into view.
On the bridge of the tugboat Raven, captain Don Westmoreland, 59, peers at a video monitor that registers the vessel’s bearing and speed. “That’s our ship right there,” he says. Two 2,500-horsepower engines barely gurgle as the Raven tethers to the tanker’s stern for the trip under Second Narrows Bridge.
Canadian spot oil prices tumbled as Enbridge Inc has imposed mid-month rationing on three of its Canada-U.S. oil pipelines, exacerbating an already-tight export capacity situation.
Western Canada Select, a heavy blend of oil-sands bitumen, fell $2.50 to a $39.50 discount against the U.S. oil benchmark West Texas Intermediate, according to Calgary oil broker Net Energy Inc. Syncrude, a synthetic light oil processed from bitumen, sank 75 cents to a 25-cent discount.