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Keystone XL’s demise won’t necessarily lead to boom in shipping crude by rail
Posted by Canadian Press: Lauren Krugel on November 15th, 2015
Canadian Press: Now that the Keystone XL pipeline has been rejected, it's not a foregone conclusion that much of the 830,000 barrels a day that would have flowed through it will move on trains instead, industry watchers say.
"I think that rail certainly will play a part, but a lot has to do what happens to the price of crude and happens to oilsands projects," said Dirk Lever, an analyst at AltaCorp. Capital.
Proponents of Keystone XL and similar proposals frequently trumpeted the benefits of moving crude by...
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Groups demand probe amid CNRL bitumen leak
Posted by Canadian Press: Lauren Krugel on August 13th, 2013
Canadian Press: More than 20 groups are calling for a public inquiry into the safety of oilsands extraction techniques that use steam.
The organizations made their demand to the Alberta Energy Regulator on Tuesday as bitumen continues to ooze out of the ground at a project owned by Canadian Natural Resources Ltd. (TSX:CNQ).
The groups say CNRL`s Primrose East project, 250 kilometres northeast of Edmonton, isn`t the first example of a unexplained failure of an oilsands operation like Primrose.
Story continues...
Canadian Oil Sands Profit Hit by Crude Price Gap
Posted by Canadian Press: Lauren Krugel on February 1st, 2013
Canadian Press: Canadian Oil Sands Ltd., which owns the biggest piece of the massive Syncrude oil sands mine in northern Alberta, posted a dip in fourth-quarter profits as its crude fetched a lower price.
The Calgary-based company says net income was $221-million, down from $232-million a year earlier.
The earnings amounted to 46 cents a share, down from 48 cents per share a year earlier and missing the average analyst estimate of 50 cents per share, according to Thomson Reuters.
Cash flow from operations...
Oklahoma Governor Mary Fallin frustrated by Keystone XL pipeline delays
Posted by Canadian Press: Lauren Krugel on June 14th, 2012
Canadian Press: Oklahoma's governor is losing patience with delays in building the controversial Keystone XL oil pipeline, which would cross through her state on its way from Alberta to the Texas coast.
"To me, it's been enormously frustrating that President (Barack) Obama and our nation has not been able to get through the permit for the Keystone XL pipeline to move from Canada down throughout the United States," Mary Fallin told delegates at the Global Petroleum Show on Wednesday.
However, Fallin said she's...