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Home » Tag Archives: Trans Mountain Expansion

Tag Archives: Trans Mountain Expansion

The $30 Billion Exodus: Foreign Oil Firms Bail on Canada

Oil refineries in Canada's oil sand patch in Alberta

PortandTerminal.com, August 26, 2019 August 26, 2019 – Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years. CALGARY, CANADA (Bloomberg)- Pembina Pipeline Corp., based in Calgary, is snapping up Kinder’s Canadian assets and …

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Simplified: Canada’s complicated relationship with oil

PortandTerminal.com, June 20. 2019 Canada is the 4th largest producer of oil in the world. But it has two very big problems with its oil. Distance and type. On paper, Canada could become energy self-sufficient tomorrow. Every day it produces 4.2 million barrels of oil and only uses less than 2 million barrels. Canada has the world’s third-largest oil reserves. Venezuela is …

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Canada green lights major oil pipeline expansion project

PortandTerminal.com, June 19, 2019 The expansion will triple the existing pipeline’s carrying capacity to 890,000 barrels per day Ottawa, Canada – Canada’s federal government has approved the long-stalled Trans Mountain pipeline expansion, citing the national importance of the project for Canadians. Prime Minister Justin Trudeau said the multibillion-dollar project would create thousands of “solid middle-class jobs” and help fund a …

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