Cenovus Q3 earnings drop despite oilsands production gains
Calgaryherald.com reports that pipeline outages in the United States cost Cenovus Energy about $50 million in lower cash flow.
Articles Tagged "Pipeline"
Clinton has asked to keep Canada Sands Out of U.S
An environmental group on Wednesday asked U.S. Secretary of State Hillary Clinton to deny permits for pipelines that would bring oil from Canada’s tar sands to the United States. For full story, click here
Inter Pipeline will ship diluent for Imperial’s Kearl
Inter Pipeline Fund declared that it has agreed to ship ultra-light oil to Imperial Oil Ltd’s newly approved Kearl oil sands project, spending $121 million to connect the facility to its existing pipeline network. For full story, click here
Activists push policy change for oil pipeline
Environmental groups are hoping the delay of a major pipeline project that would tie Quebec and Ontario consumers to oil from the Alberta tar sands will allow public awareness of the program’s potential ecological impact to grow. For full story, click here
Upgrader: September 3
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Enbridge, BP all set to build a pipeline from Illinois to Texas
The biggest pipeline company of Canada, Enbridge Inc., and BP Plc has agreed to build a delivery system to transport Canadian heavy crude oil from Flanagan, Illinois, to Houston and Texas City, Texas. The Canadian Association of Petroleum Producers said: Production from Alberta’s oil-encrusted sands may jump to 2.77 million barrels a day by 2015 [...]
More pipelines to handle Alberta’s increasing heavy oil load
C$2.4 billion worth of pipelines is in progress to handle increasing volumes of heavy oil in Alberta. For more information, click here
Upgrader: August 14
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Welcome back to the Upgrader. More Q 2 results were announced this week. The record heavy oil prices of the quarter have been kind to most, thought profits in refining operations have been hindered. Calgary’s Baytex Energy Trust (NYSE:BTE) was boosted by $125 million (CDN) [...]
Upgrader: August 6
By Duncan Sutherland- Exclusive to Heavy Oil Investing News Senator and Presidential candidate Barack Obama has announced that his administration would release light crude oil from the nation’s Strategic Petroleum Reserve and restock the inventory with heavy crude. Many have criticized the US government for continuing to stock the reserve with oil prices so high, [...]
Upgrader: July 30
SOME CHEER ON THE OIL FRONT By Duncan Sutherland – Exclusive to Heavy Oil Investing News A good quarter for heavy oil companies Heavy oil and oil sands companies, by and large, posted positive results in the just-ended quarter. This was to be expected, what with oil prices hitting an all-time high. It is worth noting, however, that energy costs took a [...]
