Crude Oil
How the US unleashed fossil fuel exports despite climate worries
American energy dominance is a bi-partisan priority.
Crude oil train derails in rural northeastern Montana
No reports of injuries or fire, but homes in the area have been evacuated.
Enbridge exec. hopeful Line 9 pipeline begins shipping oil this year
Energy producer is awaiting the results of hydrostatic testing on the pipe to ensure it won’t leak, which was required by the NEB.
Chevron Canada Resources slashing 130 jobs
Cuts amount to about 20% of the company’s workforce of more than 600 full-time employees.
-
Cenovus Energy posts $668M Q1 loss
Takes hit from currency loss, lower oil and gas price.
Oil slump dampens investment, hiring expectations: BoC
More businesses expect weaker exchange rate to boost output prices this year.
Tougher oil tanker standards coming after string of derailments
Newest standards call for a hull thickness of 9/16th of an inch and makes thermal “jackets” mandatory.
West Virginia train derailment sends crude tankers into river
Up to 17 of the 100 tankers loaded with Bakken crude from North Dakota caught fire or exploded.
Cheaper crude oil might actually benefit economy, RBC study says
Report warns struggling oil prices could stymie business investment in the important oil and gas sector.
NEB approves Enbridge’s Line 9 reversal plan
The approval subject to conditions, including Enbridge undertaking activities involving pipeline integrity, emergency response.
Investors eye strategic shifts, gas prices as energy firms post results
Analysts expect lower earnings from Encana, Talisman as both companies concentrate their operations.
Federal report: diluted oil sands bitumen sinks when mixed with sediments
When free of sediments, the molasses-like crude floats even after evaporation and exposure to light.
Feds quietly adopt new safety rules drafted by rail industry
New rules require that at least two crew work a train transporting dangerous material such as crude oil.
Energy projects must compete for investment: Statoil Canada president
Stale Tungesvik says rising costs are making companies picky about the energy projects they take on.
Oil sands boom brings economic risks: Pembina report
Governments need to mitigate risks and regional disparities associated with rapid oilsands expansion, institute says.
