Investment firm Drexel Hamilton Infrastructure Partners LP and rail operator Rio Grande Pacific Corp. have unveiled plans to partner on the financing and construction of a rail line for shipping heavy crude from Utah.
New leader promises to help the energy sector.
New Alberta premier has vowed to scrap contracts.
Terminal will be able to load up to 48 railcars with 33,000 bbl/d.
Will tighter restrictions on oil vapor pressure make crude-by-rail safer? The science isn’t in yet, but the legislative train in Washington State may have already left the station.
Improved economics allows producer to resume moving volumes.
The government said the increase in production limits comes as warmer weather reduces the amount of diluent needed to help oil sands bitumen flow through pipelines, increasing capacity.