The Canada Energy Regulator (CER) said Trans Mountain does not need certain authorizations to proceed with work on two key terminals that are part of its delayed pipeline expansion project.
The Trans Mountain pipeline terminates at the Burnaby storage terminal, and crude is loaded onto tankers at the Westridge marine terminal. Work can now proceed on both, the regulator said.
The authorizations relate to the City of Burnaby’s building, plumbing and electrical bylaws, the CER said, after the pipeline operator challenged their “applicability and operability” in respect to certain work at the terminals.
On its website, the CER on Feb. 25 said Trans Mountain would still have to comply with other relevant city bylaws to allow for oversight.
This month, Canada’s government said it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to CA$21.4 billion (US$16.75 billion)
The company now expects to finish the expansion in the third quarter of 2023, when it will nearly triple the capacity of the pipeline running from Alberta to the Pacific Coast to 890,000 bbl/d. That would be a boost for Canada’s oil producers, which are keen to export more crude.
(US$1 = 1.2777 Canadian dollars)
Recommended Reading
Permian EOR Firm Plans Reverse Merger with Coconut Water Brand
2024-12-05 - Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger.
Surge Energy Balancing M&A Hunt with Testing Midland’s Shallow Zones
2024-12-05 - Surge Energy’s Travis Guidry discusses the potential for $1.3 billion in Permian Basin M&A and the company’s quest to grow inventory organically.
Shell, Equinor JV to Create UK’s Largest Independent Oil, Gas E&P
2024-12-05 - The joint venture will produce more than 140,000 boe/d in 2025, Shell said. In the U.K., Equinor currently averages 38,000 boe/d and Shell 100,000 boe/d.
CNX’s $505MM Bolt-On Adds Marcellus, Deep Utica in Pennsylvania
2024-12-05 - CNX Resources CEO Nick Deluliis said the deal to buy Apex Energy underscores CNX’s confidence in the stacked pay development opportunities unlocked in the deep Utica.
TerraVest’s Green Energy to Acquire Aureus’ Canadian Water Management Services
2024-12-04 - TerraVest Industries Inc.’s partially-owned subsidiary Green Energy Services is buying Aureus Energy Services Inc.’s water management and hot oiling services in Alberta and British Columbia.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.