Archive for August, 2017
NEB approves Trans Mountain Burnaby terminal expansion
Trans Mountain terminal to load three tankers, up from one On Thursday, the National Energy Board of Canada said Kinder Morgan’s Trans Mountain pipeline project has met conditions required for the company to expand its Westridge Marine Terminal located in Burnaby, BC. The expansion will allow the terminal’s dock to load up to three tankers. […]
Oil prices up, gasoline jumps on Gulf Coast refinery woes
Oil prices rise Thursday, but steep monthly loss expected Oil prices took a healthy jump on Thursday, rising almost 3 per cent and gasoline futures soared 10 per cent as almost one-quarter of US refining capacity remains offline. US WTI crude futures recovered some early-week losses. By 5:55 p.m. EDT, WTI was up $1.27 to […]
Arkema SA expects more fires after two explosions at flooded plant
Arkema explosions early Thursday morning Two explosions occurred at the Arkema SA chemical plant located in Crosby Texas, 25 miles northeast of Houston, early Thursday morning. The explosions occurred after cooling systems to keep volatile chemicals in the plant stable failed due to flooding as a result of Hurricane Harvey. On Wednesday, the company warned […]
3 things to know about BC LNG in 2017 – Pembina Institute
British Columbia’s new government has shifted the province’s messaging on liquefied natural gas (LNG). No longer is LNG being unrealistically promoted as a once-in-a-generation opportunity for job creation, the source of billions of dollars for a Prosperity Fund, and more than $1 trillion in economic activity. Nevertheless, despite the cancellation of the controversial Petronas-backed Pacific […]
Colonial pipeline shuts down, East Coast gas shortages loom
Lower Texas refinery output impacts Colonial pipeline As Texas and Louisiana refineries remain closed or are operating at reduced capacity in the aftermath of Hurricane Harvey, the Colonial pipeline has been shut down due to lack of product to ship. The pipeline, a major fuel artery to the Port of New York and New Jersey […]
Hurricane Harvey update: crude oil, refining and chemical sector impacts – IHS Markit
Still considerable uncertainty about lingering damage to offshore platforms IHS Markit released a periodic update on impact of Hurricane Harvey on the crude oil, refining and chemical sectors. Crude As of Wednesday, U.S. Gulf of Mexico operators have shut down approximately 324,000 b/d of crude oil output, equal to around 19 percent of total Gulf of […]
Energy poverty across Canada – lower efficiency in lower income households
Fuel poverty worse in Saskatchewan and Atlantic provinces In 2015, Canadian households spent an average of nearly three per cent of their total income on electricity, natural gas and heating oil, according to the National Energy Board. A household may be described as experiencing energy poverty when it spends more than 10 per cent of its income […]
Oil prices drop, gasoline surges, Harvey wallops US refining
Oil prices down slightly, gas futures up 5 per cent Since making landfall last weekend, Hurricane Harvey has force the closure of nearly one quarter of the refining capacity of the United States, causing a surge in gasoline prices and a drop in oil prices. Gasoline futures rose to another two-year high on Wednesday. As […]
Canada’s existing buildings hold key to climate targets – Pembina
Clear strategy for energy-efficiency upgrades needed for deep emissions reductions Governments at all levels in Canada are moving toward requiring new homes and buildings to be constructed to low-carbon, ultra energy-efficient standards by 2030, according to a Pembina Institute study. But Canada still lacks a comprehensive strategy to achieve the significant reductions in carbon pollution from existing buildings that […]
Canada creates expert panel on adapting to climate change
Over 45, 000 people have been displaced by fires this summer Catherine McKenna, federal minister of environment and climate change, says a recommendations from a recently appointed Expert Panel on Climate Change Adaptation and Resilience Results will help protect communities across the country, according to a press release. The Expert Panel will advise the Government of […]
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