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May 8, 2024 · The Trans Mountain Expanded System (Expanded System), once fully in-service, will add 590 thousand barrels per day (Mb/d) of new capacity and increase total western Canadian crude oil export pipeline capacity by 13%, helping to relieve capacity constraints on export pipelines.
Jan 12, 2023 · In 2021, President Biden canceled the completion of the Keystone XL Pipeline, which was expected to carry 830,000 barrels of oil per day from Canada to the U.S.
Mar 7, 2024 · After a relatively weak year for Canada’s oil producers, output growth in 2024 could amount to a significant 300–500k/barrels per day — putting the nation in the running to be the largest source of global oil supply growth.
- What is the Trans Mountain pipeline? Trans Mountain is a 715-mile pipeline that runs through the Canadian Rockies’ vast swaths of pine trees on its route from landlocked Alberta to the west coast city of Vancouver.
- Where will the oil go? It remains to be seen whether Trans Mountain will fulfil its goal of breaking Canada’s dependence on U.S. buyers for its oil. While the expansion was intended to bring Canadian crude to Asia, some traders and analysts say the natural destination for the crude are the dozen refineries along the U.S. Pacific Coast owned by the likes of Chevron Corp., BP PLC and Marathon Petroleum Corp.
- How else will Trans Mountain affect global oil flows? If California refineries buy crude off Trans Mountain, they may buy less from places like Ecuador, Brazil and Guyana, forcing those barrels elsewhere on the U.S. Gulf Coast, and in Asia and Europe.
- Who will ship oil on Trans Mountain? Ten companies, including BP and PetroChina, have committed to ship about 710,000 barrels of oil a day on Trans Mountain, accounting for about 80 per cent of its total capacity.
Mar 15, 2022 · This lines up with an industry trend: Oil and gas companies are exporting 8.4 million barrels of crude oil and refined fuels every single day. That’s up nearly threefold from a decade ago, and...
May 7, 2024 · The expansion, which marked its official opening last week, gives Canadian oil shippers access to an additional 590,000 barrels-per-day of pipeline capacity and opens up new markets for oilsands...
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Mar 21, 2024 · The project will transport oil from Alberta to the West Coast and triple the amount of crude that is shipped on an existing pipeline, from 300,000 barrels per day to 890,000 bpd. Canadian oil...
