Oil Market Update (February 20, 2013)
A brief overview of oil price developments, supply and demand and significant market movers.
Articles Tagged "oil pipeline"
Market Update: Spectra Buys Canadian Pipeline for $1.49 Billion
Three days after the Canadian government approved two mega deals in the energy sector, another consolidation has been announced.
Working Group to Focus on Alberta-Quebec Pipeline
The premiers of Alberta and Quebec have agreed to consider shipping oil to Eastern Canada following strained relations over a similar proposal to transport oil across British Columbia to the West Coast.
White Cliffs Set to Increase Capacity of Colorado-to-Cushing Oil Pipeline
Reuters reported that White Cliffs Pipeline LLC will expand the capacity of its Colorado-to-Cushing crude pipeline from 70,000 barrels per day to 150,000 barrels per day now that it has received sufficient shipping commitments.
Keystone Pipeline Repairs Delayed by Bad Weather
The Globe and Mail reported that inclement weather is preventing TransCanada Corp. (TSX:TRP) from examining its Keystone pipeline, which it shut down on Wednesday following a "small anomaly" on the pipe. However, TransCanada still expects the pipeline to be out of commission for just three days.
Enbridge Surpasses TransCanada Corp in Race to Relieve Cushing Oil Hub
Enbridge acquire stake in a key Cushing-Gulf Coast pipeline after TransCanada’s Keystone XL pipeline ambitions are dealt a blow.
Western South Dakota hearings start on crude oil pipeline
Western South Dakota residents get their chance Monday and Tuesday to speak out on a planned crude oil pipeline that could one day carry 900,000 barrels of oil a day through the state. For full story, click here
