Newly elected premier says deals are bad for taxpayers.
Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alberta, crude-by-rail terminal and that will go up to 90 trains per month by the end of the summer, CEO Steve Spaulding said on May 24.
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.
Even as oil and gas production increase out of the Rockies region, the industry faces a number of pressing issues that could significantly halt this growth.
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.