Wednesday, January 15, 2025

Canadian Crude-by-Rail Exports Set Record

To eat up supply in storage RBC suggests Alberta take a royalty holiday From the Canadian Press  CALGARY — Steep oil price discounts costing Alberta producers and the provincial government millions of dollars each day in lost revenue could be eased if the industry is given a temporary royalty holiday in return for producing less, according to a bank analyst.

Notley says Alberta is Prepared to Buy Trans Mountain Pipeline from Kinder Morgan

From The Globe and Mail CALGARY, VICTORIA AND OTTAWA Alberta Premier Rachel Notley is looking at an outright government purchase of the Trans Mountain pipeline to ensure its planned expansion is completed to ship more oil to Asia-Pacific markets. In the escalating battle over the oil sands pipeline project, the Alberta Premier signaled on Tuesday she could put provincial taxpayers’

With Strengthened Balance Sheet, Kinder Morgan Gives FID to Trans Mountain Expansion

KMI’s successful Canadian IPO provides cash to pay down debt, clearing path for Trans Mountain FID “Upon the completion of the IPO, we will have secured satisfactory financing for the Trans Mountain Expansion Project,” Kinder Morgan CEO Steve Kean said in a statement on May 25, 2017. The company’s Canadian business IPO was completed today and the shares began trading