Saturday, 22 February 2025

Focus on Trans Mountain

Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada's energy sector as promised — but questions still linger about who will pay for the project's massive cost overruns. In this photograph taken with a drone, the Trans Mountain Burnaby Terminal tank farm is seen in Burnaby, B.C., on Thursday, April 4, 2024. THE CANADIAN PRESS/Darryl Dyck
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Six months on, what has the Trans Mountain pipeline project achieved and what’s next?

The Trans Mountain pipeline carries Alberta's crude oil to the B.C. coast — but questions remain about who will cover its cost overruns.

News Release

Trans Mountain Announces 10-Year Monitoring Agreement with Hifi Engineering

State-of-the-art fibre optic system will enhance leak detection technology for monitoring Trans Mountain’s expanded pipeline systemCALGARY, Alberta, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Trans...

AnalysisEconomyInfrastructureOilPoliticsReportsTradeTransmission

Is Canada’s Trans Mountain Pipeline providing an inefficient fossil fuel subsidy?

Canada's Trans Mountain Pipeline fossil fuel subsidies burden taxpayers and hinder climate goals, says a report from the IISD.

FILE PHOTO: The Houston Ship Channel and adjacent refineries, part of the Port of Houston, are seen in Houston, Texas, U.S., May 5, 2019.  REUTERS/Loren Elliott/File Photo
AnalysisBusinessFuelIn-DepthOilTrade

US Gulf Coast oil prices to take center stage as exports dominate

Rising US crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts.

FILE PHOTO: A signpost sits near Enbridge?s Mackinaw facility, servicing the company?s existing underwater Line 5 pipeline and its planned replacement tunnel through the Straits of Mackinac between Lakes Michigan and Huron, in Mackinaw City, Michigan, U.S. February 25, 2024.  REUTERS/Carlos Osorio/File Photo
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Analysis: Trans Mountain pipeline expansion pushes rivals to cut rates

Transporting Canadian crude into the US will be cheaper – for now – as TMX rivals cut tariffs and rule out rationing pipeline...

News Release

The Board of Directors of Trans Mountain Corporation Announces Key Leadership Succession Appointments

CALGARY, Alberta, Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Trans Mountain Corporation is pleased to announce the appointment of Mark Maki, currently Trans Mountain’s Chief Financial...

FILE PHOTO: Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
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US West Coast refiners still waiting for TMX margin boost

Expected deliveries to West Coast US oil companies from Trans Mountain have failed to materialise, with TMX mostly exporting to Asia.

FILE PHOTO: A drone view of the Trans Mountain Burnaby Terminal tank farm as the Canadian government-owned Trans Mountain pipeline expansion project became operational in Burnaby, British Columbia, Canada May 1, 2024.   REUTERS/Jennifer Gauthier
BusinessFuelInfrastructureLabourNewsOilRailTransmissionTransport

Oil pipeline capacity to spare Canadian exports from looming rail dispute

Canadian rail labor dispute would be unlikely to significantly reduce oil exports to the US due to excess capacity on Trans Mountain pipeline

FILE PHOTO: The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie/File Photo
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Suncor Energy beats quarterly profit estimates on robust production

Suncor Energy beat analysts' estimates for Q2 profit on Tuesday, helped by higher oil prices and a rise in oil sands production.

FILE PHOTO: A drone view of the Trans Mountain Burnaby Terminal tank farm as the Canadian government-owned Trans Mountain pipeline expansion project became operational in Burnaby, British Columbia, Canada May 1, 2024.   REUTERS/Jennifer Gauthier/File Photo
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Trans Mountain Pipeline interim tolls hearing scheduled for May next year

The Trans Mountain pipeline expansion's final toll hearing will begin May 14, with shippers disputing the rate hikes.

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