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Canada's first oil sands unit-train to run in November

  • Western Canada's first crude-by-rail unit train terminal is set to start transporting 50K bbl/day of oil sands crude to the U.S. market next month, the CEO of operating company Canexus says.
  • The terminal in Bruderheim, Alberta, which will be expanded to 100K bbl/day by late next year as a second supply pipeline is connected, initially will load only dilbit oil - heavy bitumen crude mixed with light condensate.
  • For now, Canada's oil sands area is served only by manifest trains hauling smaller loads - not cost-effective - but ~550K bbl/day of unit-train crude-by-rail projects are due to start up in western Canada by year-end 2014.
  • MEG Energy (MEGEF.PK) says the terminal will allow it to ship all of its 30K-35K bbl/day of production by rail to its main market in the U.S. midwest; Cenovus Energy (CVE) also is signed up as a shipper.
Comments (2)
  • marpy
    , contributor
    Comments (1303) | Send Message
     
    One more sign that the greens with their blind ideology keep shooting themselves in the foot! Rather than using common sense and working towards environmentally sustainable development so that we can meet our energy needs while the new technologies are developed and become cost effective, these clowns work towards shutting everything down and economic chaos! So here we have the end result! What would have otherwise been a Keystone pipeline heading south and an expansion of the Trans mountain pipeline to the west coast has now become the following:

     

    - Enbridges pipeline to the west coast.
    - A huge shipment of oil by rail (it used to be next to nothing)
    - Conversion of some of Transcanada's gas lines to oil resulting in a pipeline running to the east coast.
    - The Trans Mountains pipeline expansion to the west coast.
    - And yes eventually completion of the northern leg of the Keystone pipeline.
    - A number of other expansion projects or new lines.

     

    Additional take away capacity - somewhere between 4 and 5 million barrels of oil per day and their is absolutely more than enough bitumen in the ground in Alberta to produce this additional oil. Basically all the greens have managed to do is awaken Canada to the reality that relying on a single customer is not such a good idea and that they have a huge amount of oil that they should sell while they can because changing technologies will make oil obsolete in the future (50 years or so from now). When common sense goes out the window you rarely get what you are looking for!
    4 Oct 2013, 03:44 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (364) | Send Message
     
    Good news for CP Rail and Bill Ackman if he's still around in late 2014.
    4 Oct 2013, 04:13 PM Reply Like
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