Canadian E.Coast LNG Export Plans Progress Shell Deal
Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant, the company said.The Goldboro LNG terminal would be the first on Canada's East Coast and compete with the growing number of plants on the U.S. Gulf Coast, hoping its shorter distance to Europe and further west will help sell its LNG by cutting shipping costs.Pieridae said in a statement late on Thursday it had closed a C$190 million ($145 million) acquisition of Shell's gas assets in Alberta's Foothills region, giving it most of the gas…
Canadian company ships solid oil sands bitumen to China
A Canadian company has loaded a test cargo of solid bitumen onto a vessel destined for a refinery in China, the latest effort by the energy industry to avoid congested export pipelines and find new ways to export more oil sands crude.Calgary, Alberta-based Melius Energy loaded 130 barrels of neat bitumen, similar in consistency to a hockey puck, onto a 20-foot shipping container in Edmonton, Alberta, and transported it by rail to the Port of Prince Rupert in northern British Columbia.
Pieridae Mulls Extensions with Uniper
Canadian energy company has negotiated extensions of the key deadlines under its 20-year agreement with German energy trader Uniper.These include expected commercial deliveries of LNG gas to Uniper to start between November 30, 2024 and May 31, 2025, and the extension of the deadline to make a positive financial investment decision (FID) for the company’s proposed Goldboro LNG facility to September 30, 2020.The 20-year agreement with Uniper is for half the liquefied natural gas…
SAAM’s New Tug Christened
The first Ridley Island Propane Export Terminal (RIPET) in Canada was inaugurated and SAAM's new tug, the Tsmishian Warrior, was christened.The tug will provide services at the terminal, which is owned by the Canadian company Altagas —leader in energy infrastructure in North America— and the dutch firm Vopak.“SAAM closed a contract with RIPET, which included construction of this new tug. Two other tugs from our Canadian fleet will be deployed to support operations at the terminal.
Regulator: Expand Pipeline, Protect Killer Whales
Canada's National Energy Board (NEB) regulator recommended on Friday that Ottawa approve expansion of the government-owned Trans Mountain oil pipeline, but made new, nonbinding recommendations to mitigate harm to Pacific Ocean killer whales and the environment.The pipeline is in the national interest as it will create jobs and give Canadian oil access to more markets, the NEB said in a report. But expanding it is likely to significantly harm the killer whale population off the coast of British Columbia and increase greenhouse gas emissions from ships…
Mammoet Moves 800 Ton in Alberta
Weighing over 800 ton - roughly four times the weight of a blue whale -, and spanning over 300 ft., the splitter vessel is the biggest load to ever be moved on Alberta's highways.On the evening of January 6th Mammoet began the transport for the giant splitter vessel. The vessel left Dacro Industries, where it was constructed, and began it’s 3 day transport journey from Edmonton to Fort Saskatchewan, AB.The splitter vessel is a key part of the process at Inter Pipeline’s Heartland Petrochemical Complex where propane will be converted into recyclable plastic pellets…
Canada's Alberta Will Buy Rail Cars to Transport Crude
Canada's energy-rich province of Alberta is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said on Wednesday.Notley, who says the cars are needed to help deal with a glut of oil that has slashed the price of Alberta oil, told a business audience in Ottawa she was disappointed the federal government was not helping fund the purchase.Full pipelines have stranded much of Western Canada's expanding crude output, driving down the price U.S. refineries are willing to pay.
ENTREC Corporation Acquires Capstan Hauling
ENTREC Corporation, a heavy haul transportation and crane solutions provider, is pleased to announce that it has completed the acquisition of Capstan Hauling .Based in Grande Prairie, Alberta, Capstan is a leading provider of heavy haul transportation services to the oil and natural gas industry in north-west Alberta and north-east B.C. Capstan has approximately 45 employees and lease operators and operates an extensive equipment fleet valued in excess of $9.0 million.Capstan’s fleet consists of mobile cranes…
Answering the Call for Environmental Answers
The Coast Guard has developed two separate mitigation system prototypes specifically designed for inland and offshore environments and tested them in the Kalamazoo River and Lake Huron.Whenever there is a need for oil, there will always be a risk of oil spills. This is no less true for bituminous sands, commonly known as oil sands or tar sands. Oil sands are mostly found in Alberta, Canada, and comprised of bitumen, sand, clay and water. They are typically viscous, with a texture similar to peanut butter.
Passenger Ship Runs Aground in the Arctic
A Russian-flagged passenger vessel that went aground in the Canadian Arctic last week has been refloated and is in stable condition.The 117-meter, 6,230 gt polar expedition cruise ship Akademik Ioffe had about 160 people on board when it ran aground in the western Gulf of Boothia on the morning of August 24.Canadian operator One Ocean Expeditions said it diverted Ioffe’s sister vessel, Akademik Sergey Vavilov, to assist. By August 25, all passengers disembarked by zodiac onto Sergey Vavilov for transport to Kugaaruk, Nunavut, before traveling to Edmonton, Alberta for flights home.
Shipbuilding: Seaspan Shipyards & Building Canada’s Future
There’s a shipbuilding resurgence underway in Canada that’s being driven by a long-term multibillion dollar government initiative to rebuild the federal fleet of Royal Canadian Navy and the Canadian Coast Guard vessels and breathe new life into the country’s shipbuilding industry. Seaspan’s Vancouver Shipyards is an active player.Under Canada’s National Shipbuilding Strategy (NSS), the Vancouver, B.C. shipbuilder was selected in 2011 to deliver several types of large non-combat vessels for the Navy and Coast Guard…
Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project
Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company planning to build a liquefied natural gas (LNG) terminal.A sales and purchase agreement would boost the chances that Pieridae Energy would decide to build the C$10 billion ($7.6 billion) Goldboro project, which would be the first LNG export terminal on Canada's East Coast.Canada is rich in oil and gas but has yet to export major shipments of LNG to Asia from its West Coast or across the Atlantic from its East Coast."Under the term sheet with Pieridae Energy…
Deep Casing Tools Re-enters Canada
Aberdeen-based oil field technology firm Deep Casing Tools (DCT), which specialises in the design and manufacture of casing and completion tools, has agreed a pact with a Canadian distributor, ProTorque Connection Technologies (PTCT).The partnership with ProTorque, a tubular running service business, will see Deep Casing Tools re-enter the Canadian market, which historically was a successful region for the company.Deep Casing Tools previously had an office in Alberta, Canada, but during the more challenging times of the oil and gas industry downturn and a reduction in drilling activity…
Largest Oil Shipment Sent from Vancouver to China Since 2015
An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show.For years, Canadian officials have pushed for an escalation in crude exports to rapidly growing Asian markets, but companies in the oil-rich Alberta have limited capacity to move crude to the nation's western coastline.That makes Canadian crude exports from Vancouver to Asia rare, but shipments have picked up in recent months, with oil tankers to China, Thailand and South Korea departing in April and July.
Mullen Group Closes Acquisition of Canadian Hydrovac
The oilfield trucking provider Mullen Group has announced the closing of the acquisition of hydro excavation company Canadian Hydrovac (CHL). CHL is a private company owned by Dan Shemanchuk which is based in Sherwood Park, Alberta. CHL is an industry leader in providing hydrovac services to the midstream, pipeline, construction and municipal sectors of western Canada. In addition to operating from its head office in the refinery complex of the greater Edmonton region and Alberta's Industrial Heartland…
Kwan re-elected vice chair, Vancouver Fraser Port Authority board
The Vancouver Fraser Port Authority board of directors has re-elected Eugene Kwan as vice chair for a third term commencing March 25, 2018. Mr. Kwan was appointed to the board of directors by the federal minister of transport as recommended by the Port User Group Nominating Committee. Mr. Kwan is also a member of the Governance and Stakeholder Relations Committee and the Major Capital Projects Committee. The Vancouver Fraser Port Authority’s board of directors is composed of 11 members: one federal appointee…
ExxonMobil's Canada Offshore Project Produces First Oil
The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output after years of weak crude prices. At its peak Hebron will produce up to 150,000 barrels per day (bpd), Exxon said. It will help Atlantic Canada offshore production climb 44 percent to 307,000 bpd by 2024, according to estimates from the Canadian Association of Petroleum Producers. The platform is located 200 miles (350 kilometres) off the coast of Newfoundland and Labrador in depths of 300 feet (92 metres) and the oil field…
Canada to Roll Out First Propane Export Terminal
Royal Vopak and AltaGas have entered into a joint venture and will invest together in the development of the Ridley Island Propane Export Terminal (RIPET). RIPET is expected to be the first propane export facility off the west coast of Canada. The project is to be designed to ship 1.2 million tonnes of propane per annum, with approximately 96,000 cubic meters of storage capacity. The facility is expected to be commissioned in Q1 2019. Vopak will take a 30 percent interest in RIPET.
Trump, Trudeau to Discuss Trade on Monday
President Donald Trump will host Canadian Prime Minister Justin Trudeau on Monday, the White House said on Thursday, a meeting in which trade and a major crude oil pipeline are likely to be on the agenda. The meeting will be the first for the two men since Trump won last November's election. "President Trump and Prime Minister Trudeau look forward to a constructive conversation on strengthening the relationship between our two nations," the White House said in a statement. Canada sends 75 percent of its exports to the United States and is keen to avoid becoming the target of protectionist measures. Trump wants to renegotiate the trilateral NAFTA trade pact with Canada and Mexico, which he says has been disastrous for American workers.
AltaGas to Build First Propane Terminal on Ridley
AltaGas says it will proceed with construction of Canada’s first West Coast propane export facility. It has federal approval and long-term commercial agreements in hand. The Ridley Export Terminal, located at Prince Rupert, B.C., will be designed to ship 1.2 million tonnes of propane per year and is estimated to cost approximately $450 - $500 million, the company says. The terminal, near Prince Rupert, will cut shipping distances to Asian markets to 10 days from 25 compared the U.S. Gulf Coast, the company says.
Canada Oil Sands Asia Export Dream Faces Port Bottleneck
The bullish view for Suncor Energy Inc (SU.TO), Cenovus Energy Inc (CVE.TO) and other Canadian energy producers calls for Prime Minister Justin Trudeau by next month to approve a major pipeline expansion to the west coast, boosting sales of land-locked oil sands crude to Asia. But a growing number of shipping brokers and physical oil traders warn that any new influx of oil will hit a bottleneck in Vancouver, because of the port's inability to accept the megaships that dominate oil trade globally. This bottleneck marks one of the more under appreciated hurdles facing Canadian oil sands crude being shipped from its busiest port of Vancouver, these shipping brokers say. Middle Eastern producers already ship oil ship to Asia far more cheaply, thanks to the bigger vessels they employ. And U.S.
New Colombian Crude Whets Appetite of US Refiners
The United States has started to import small batches of Colombia's Puerto Bahia heavy crude, an unusual development that underscores at least a temporary shift in the type of heavy oil flowing into U.S. refineries. Typically, U.S. refineries have received their heavy oil from Canada, Venezuela and Mexico. But shipments of those grades have been limited by Canada wildfires, and slipping output in Mexico and Venezuela. The first shipment of the Colombian heavy crude arrived at Lake Charles, Louisiana in February co-loaded with Vasconia crude for refiner Phillips 66, followed by a 260,000-barrel cargo in March for the same customer, according to sources and data available from the U.S. Energy Information Administration.
Canadian Oil Exports Drop, Supply Hunt on Amid Wildfires
In a sign the massive Alberta wildfire is taking a toll on oil transport, Canadian crude exports to the United States dropped 12 percent last week, while another blend of Canadian sweet crude oil rallied as concerns grow about supply. Overall, trading in Canadian crude was quiet, as the second half of the month is generally inactive. Hot and dry weather and strong winds were expected to push the wildfire burning near Fort McMurray, Alberta eastward on Wednesday, continuing to threaten facilities and work camps in Canada's prized oil sands. With the fire projected to grow further, producers are starting to scramble for needed oil supply.