Category: Canada

CALGARY—Alberta’s environment ministry has ordered Canadian Natural Resources Ltd. CNQ.T -1.39% Canadian Natural Resources Ltd. Canada: Toronto $ 32.53 -0.46 -1.39% Oct. 23, 2013 4:00 pm Volume : 3.75M P/E Ratio 25.41 Market Cap $35.88 Billion Dividend Yield 1.54% Rev. per Employee $2,474,870 10/23/13 Alberta Regulator Steps Up Pre… 10/10/13 Canada Stocks to Watch: Rogers… 10/04/13 Canada Stocks to Watch: Air Ca… More quote details and news » CNQ.T in Your Value Your Change Short position to speed its efforts to stop the spread of crude-oil leaks that have likely contaminated groundwater near a large-scale oil-sands project, a spokeswoman said Wednesday. The enforcement order, issued late Tuesday, puts added pressure on the company, whose Primrose-Wolf Lake production site has been plagued by a series of unexplained subterranean oil leaks dating back to May. “The order itself is because we wanted them to immediately begin the work,” said environment ministry […]

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« University of Michigan to build test facility for connected and automated vehicles | Main | DuPont calls on EU and German authorities to complete HFO-1234y work; “high time to get final clarity” » Print this post U. Calgary analysis of energy balances and emissions of SAGD oil sands production finds need for improved processes; some operations not thermally efficient or net generators of energy Plot of cumulative steam-to-oil ratio (cSOR) vs. ratio of energy produced in form of chemical energy contained in bitumen if combusted to energy injected in form of steam (75% efficient steam generation). From Gates and Larter (2013). Click to enlarge. A team at the University of Calgary has assessed the thermal efficiencies, energy balances, and emissions of Steam-Assisted Gravity Drainage (SAGD)—both theoretically and as deployed at scale, using field data from the ERCB—for the production of bitumen from Athabasca oil sands reservoirs. In a […]

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TransCanada Corp. (TRP) was working to restore gas deliveries to customers in Alberta after a pipeline rupture that caused at least four oil-sands producers to curb output, triggering a spike in Canadian oil prices . TransCanada’s North Central Corridor system resumed gas shipments to “most” customers after isolating a pipe break and was working with others to restore service, the Calgary-based company said yesterday. Imperial Oil Ltd. (IMO) ’s Kearl oil-sands project and Canadian Natural Resources Ltd. (CNQ) ’s Horizon upgrader halted output while the Syncrude upgrader stopped shipping product. Suncor Energy Inc. (SU) ’s Fort McMurray plant reduced rates. The drop in production from the plants, with a total capacity of as much as 920,000 barrels a day, sent Canadian crude prices higher yesterday, with Western Canada Select oil advancing $1.20 a barrel against the U.S. benchmark West Texas Intermediate and Syncrude gaining $1, according to data compiled […]

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New rules will boost costs to transport crude by rail in North America as trains are forecast to carry as much as 2 million barrels a day, about equal to what flows daily from Norway . “You’re going to see a massive flood of spending to get ahead of these government regulations,” Jerry Swank, managing partner at Dallas-based Swank Capital, said during the Bloomberg Link Oil & Gas Conference in Houston yesterday. Regulators in Canada and the U.S. imposed emergency requirements and may seek stiffer rules after a runaway train carrying crude derailed and exploded on July 6 in Lac-Megantic, Quebec , killing 47 people. Energy companies are transporting more oil on rail cars as new pipelines are delayed and improved drilling methods extract more North American oil. Across the continent, trains are forecast to move as much as 2 million barrels a day of crude by the end […]

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CALGARY—The Canadian government put into effect new rules Thursday that require stricter labeling of crude oil transported by rail, in a move to bolster safety following a deadly rail derailment in Quebec earlier this year. The directive from Canada’s transportation ministry calls for classification tests by “any person who imports or transports crude oil” to verify the content of those shipments. The rules were foreshadowed in a speech by Prime Minister Stephen Harper on Wednesday. The rules apply to the majority of crude that is imported or shipped in Canada, the ministry said, and newly requires the industry to include a packing group on labels that designates the specific danger level of oil inside a tank car. Without that testing, the ministry said all crude shipped by rail must be labeled to warn of the highest risk of danger. “We will take targeted action to increase the safety of […]

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CALGARY—The Canadian government put into effect new rules Thursday that require stricter labeling of crude oil transported by rail, in a move to bolster safety following a deadly rail derailment in Quebec earlier this year. The directive from Canada’s transportation ministry calls for classification tests by “any person who imports or transports crude oil” to verify the content of those shipments. The rules were foreshadowed in a speech by Prime Minister Stephen Harper on Wednesday. The rules apply to the majority of crude that is imported or shipped in Canada, the ministry said, and newly requires the industry to include a packing group on labels that designates the specific danger level of oil inside a tank car. Without that testing, the ministry said all crude shipped by rail must be labeled to warn of the highest risk of danger. “We will take targeted action to increase the safety of […]

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