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Derailed Canadian trains carried oil shipments for Valero, Reuters reports

2015-03-10 22:28:03| Oil & Gas - Topix.net

Two oil trains that recently derailed and burst into flames in northern Ontario were carrying synthetic crude oil on behalf of San Antonio-based Valero Energy Corp., Reuters reported on Tuesday . The two trains, owned and operated by CN Rail, were carrying the crude from oil sands in Alberta to Valero's Jean Gaulin refinery near Quebec City.

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Canadian Oil Imports to U.S. Gulf Rise on Pipeline Startups

2015-03-05 14:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The December startup of two major pipelines that move Canadian heavy crude to the United States helped increase U.S. Gulf Coast imports more than 12 percent from November, U.S. government data showed just days after President Barack Obama vetoed the Keystone XL pipeline. The relatively swift uptick in Canadian oil arriving at the Gulf Coast, home to nearly half of U.S. refining capacity, follows the opening of two connecting lines that link Canada to U.S. tropical waters: Enbridge Inc's 600,000...

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Total write downs value of Canadian, US oil fields amid loss

2015-02-12 14:06:07| Oil & Gas - Topix.net

French energy producer Total wrote down the value of oil and gas fields in Canada and the United States and said it would slash investment after the collapse in market prices led to a net loss of $5.66 billion for the fourth quarter. Total SA said Thursday its earnings were weighed down by $6.5 billion in charges, mainly against the value of oil sands in Canada and unconventional gas fields in the United States.

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Canadian Oil Price Casualty: Suncor To Cut 1000 Jobs, Slashes Spending Budget by $1B

2015-01-25 06:30:26| Oil & Gas - Topix.net

Another Canadian energy company has fallen victim to the plunging global crude oil prices. Suncor Energy Inc., Canada's biggest energy company, has announced on Tuesday it will be laying off 1.000 jobs as it slashes some $1 billion from its spending budget earmarked for 2015.

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Helped by oil trains, Canadian Pacific reports record profits

2015-01-23 06:24:23| Railroads - Topix.net

Cars from a Canadian Pacific oil train stopped on an overpass above NE. Main Street in Minneapolis.

Tags: reports record oil pacific

 

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