The government of British Columbia said on Wednesday it would file a legal challenge of Kinder Morgan Canada Ltd's contentious Trans Mountain pipeline expansion by month-end, even as a poll showed mounting public support for the project. The West Coast province will file a reference case that asks the B.C. Court of Appeal to determine whether it has the jurisdiction to stop the $7.4 billion expansion,which was approved by the federal government in 2016. The legal process will tie the [Read more]
Two-thirds of Canadians now support Trans Mountain pipeline according to poll
Support in Canada for the expansion of Kinder Morgan Canada Ltd's contentious Trans Mountain pipeline is rising, according to a poll released on Wednesday, even as British Columbia said it would file a legal challenge by month-end. Two out of three Canadians now say that the government of British Columbia is wrong to try to block the $7.4 billion pipeline, according to a poll by the Angus Reid Institute, a 10-percentage point increase since February. Even in B.C., support for the pipeline [Read more]
U.S. oil inventories drop on strong demand
April 18 (Reuters) - U.S. oil stockpiles fell across the board last week with gasoline and distillates drawing down more than expected on stronger demand, sending crude prices to fresh three-and-a-half-year highs. Crude inventories fell 1.1 million barrels in the week to April 13, the Energy Information Administration said on Wednesday, compared with analysts’ expectations for a decrease of 1.4 million barrels. Gasoline stocks dropped by 3 million barrels, compared with analysts’ [Read more]
Phillips 66 restarting JV Borger, Texas refinery gasoline units -sources
Phillips 66 wasrestarting the gasoline-producing units at its146,000-barrel-per-day (bpd) Borger, Texas, refinery on Monday,said sources familiar with plant operations.All other units at the Borger refinery have restartedfollowing a planned overhaul that finished last week, thesources said. Phillips 66 said on Monday that planned maintenance wasunder way at the refinery, but declined to say which units wereinvolved. The two 30,000-bpd catalytic cracking units were shut onApril 11 because of a [Read more]
Alberta readies to cut B.C. fuel shipments in Canada pipeline row
Canada's Alberta province onMonday edged closer to cutting off fuel shipments to neighboringBritish Columbia in an escalation of a row over the stalledC$7.4 billion ($5.9 billion) expansion of the Kinder MorganCanada Trans Mountain pipeline.The project has pitted Ottawa and Alberta against BritishColumbia (B.C.), and could turn into a constitutional crisis,derail Prime Minister Justin Trudeau's energy strategy and dentbusiness confidence. Kinder Morgan said earlier this month [Read more]
Enbridge Restarts Line 5 After Power Outage Related Shutdown
Enbridge said on Monday it hadrestarted its Line 5 pipeline after it was temporarily shut downdue to a power outage at its terminal in Superior, Wisconsin.Enbridge had said on Sunday it would leave the line downuntil weather conditions improve at the Straits of Mackinac,where it discovered damage on the pipeline last week. "We continue to monitor the weather conditions in theStraits and provide updates to the State, Coast Guard andPHMSA," Enbridge said in a statement.The [Read more]
U.S. shale output to rise by 125,000 bpd in May
NEW YORK (Reuters) - U.S. shale oil production is expected to increase in May for the fourth consecutive month, U.S. Energy Information Administration data showed on Monday, boosted by record production in the prolific Permian Basin of West Texas and New Mexico. Total oil output is set to rise by 125,000 barrels per day (bpd) to 7 million bpd, the EIA said in its monthly drilling productivity report here#tabs-summary-2. Production in the Permian Basin is expected to jump by 73,000 bpd to [Read more]
Alberta seeks to cut oil to British Columbia in pipeline row
VANCOUVER (Reuters) - Alberta officials will introduce legislation on Monday expected to give the provincial government power to cut oil shipments to neighboring British Columbia in an escalation of a row over the stalled expansion of a Kinder Morgan Canada pipeline, which the Pacific province opposes. The Trans Mountain expansion issue has pitted Ottawa against British Columbia. It could turn into a constitutional crisis, derail Prime Minister Justin Trudeau’s energy strategy and dent [Read more]
Enbridge says Line 5 pipeline shut due to power outage in Wisconsin terminal
* Enbridge's Line 5 pipeline was temporarily shutdowndue to a power outage at its terminal in Superior, Wisconsin,the company said in a statement on Sunday.* "Out of an abundance of caution, Enbridge will be electingtoleave the line down until the weather conditions improve at theStraits," the company said.* The company had, on April 12, said the line was operatingnormally after damage was discovered on the pipeline in theStraits of Mackinac. * The 540,000-barrel-per-day [Read more]
Vermilion Energy to buy Spartan Energy in C$1.4 bln deal
Oil and gas producer Vermilion EnergyInc said it would buy rival Spartan Energy Corp in a deal valued at C$1.40 billion ($1.11 billion),boosting its presence in the Canadian province of Saskatchewan.As part of the deal, Vermilion will offer C$1.23 billion ofits own shares and assume C$175 million of Spartan's debt.Spartan shareholders will get 0.1476 of a Vermilion sharefor each share they own, Vermilion said in a statement. Spartan, which is a southeast Saskatchewan oil and [Read more]