Saturday, October 19, 2024
Trans Mountain pipeline cost jumps by two-thirds to C$12.6 billion - oilandgas360

Trans Mountain pipeline cost jumps by two-thirds to C$12.6 billion

BIC Magazine The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$12.6 billion ($9.47 billion) to expand, a sharp increase from the previous estimate of C$7.4 billion, the pipeline company’s chief executive said on Friday. Trans Mountain Corporation CEO Ian Anderson said the increase was due to court and regulatory delays, rising costs of steel, land, labor and

Oil prices edge down as traders assess China's oil demand, await OPEC cuts -oilandgas360

Oil prices edge down as traders assess China’s oil demand, await OPEC+ cuts

BOE Report Oil prices edged down on Monday but held recent ranges as traders assessed China’s oil demand following the coronavirus outbreak and awaited a decision by major producers to cut output further to balance markets. Oil is off more than 20% from peaks struck in January after a spreading virus hit demand in the world’s largest oil importer and

Trump proposes selling oil from strategic reserve to fund budget plan - oilandgas360

Trump proposes selling oil from strategic reserve to fund budget plan

World Oil  Oil & Gas 360 Publishers Note: Interesting thought process on selling reserves to pay down the dept. Not a bad idea: but how will the country supplement the oil companies should drilling be necessitated in case of a national emergency? President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockpile as part

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