Focus on Trans Mountain

EIA expects electricity growth to be mostly met by renewables

May 7 2024 The U.S. Energy Information Administration (EIA) expects electricity generation will grow by about 3% in 2024 and 1% in 2025....

Issued by EIA Energy Information Administration7 May 2024

MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come.

By Amanda Stephenson7 May 2024The Canadian Press

Business Finance News Oil

Calgary-based MEG Energy sees earnings rise in first quarter to $98 million

Meg Energy CEO Darlene Gates says the additional pipeline capacity from the start-up of the Trans Mountain expansion is expected to narrow heavy...

By CP6 May 2024The Canadian Press

Refinery workers walk inside the LyondellBasell oil refinery in Houston, Texas March 6, 2013. REUTERS/Donna Carson/File photo

Analysis In-Depth Industry Oil

Analysis: Heavy oil shortage spells higher cost for industry

Mexican export cuts and a rerouting of Canadian output are shrinking limited supplies of heavy crude in the Atlantic basin

By Robert Harvey and Arathy Somasekhar3 May 2024Reuters

Business Finance Natural Gas News Oil

Canadian Natural Resources sees path to hike Horizon oilsands output by 76%

Canadian Natural Resources Ltd. said it believes the output of its Horizon oilsands mine could be increased by 195,000 barrels per day of...

By Amanda Stephenson2 May 2024The Canadian Press

The fixed wellhead platform of Cenovus Energy's West White Rose extension project, which had been suspended in March 2020, is seen under construction in Argentia, Placentia Bay, Newfoundland, Canada December 13, 2019. Picture taken December 13, 2019. REUTERS/Greg Locke/ File Photo

Business Natural Gas News Oil

Canada’s Cenovus Energy posts higher first-quarter profit

Cenovus first quarter results show record volume and rise in net income.

By Nia Williams1 May 2024Reuters

Workers lay pipe during construction of the Trans Mountain pipeline expansion on farmland, in Abbotsford, B.C., on Wednesday, May 3, 2023. Wednesday marks the official start date of the long-awaited $34 billion Trans Mountain oil pipeline expansion project. THE CANADIAN PRESS/Darryl Dyck

Economy Infrastructure News Oil Politics Trade Transmission

Oil begins moving on $34 billion Trans Mountain pipeline expansion

Expanded pipeline from Alberta to British Columbia coast ready to transport crude oil, but with Trans Mountain open questions still remain over the...

By Amanda Stephenson1 May 2024The Canadian Press

Workers stop for lunch at the arena, one of many amenities and infrastructure projects the community of 700 has been able to finance through relationship with industry, in Fort McKay, Alta., on Thursday April 25, 2024. Chief Raymond Powder says while Indigenous communities did not have a say in developing the oilsands in the first place, now that they are here he is doing his best to take advantage of opportunities for his community. THE CANADIAN PRESS/Amber Bracke

Analysis Indigenous Infrastructure News Oil Politics

First Nations hope for new chapter as Trans Mountain pipeline expands

As the Trans Mountain pipeline extension opens up, First Nation communities nearby are wondering if it brings mutual benefit or "an economic stranglehold"

By Amanda Stephenson30 Apr 2024The Canadian Press

Infrastructure News Oil Utilities

Trans Mountain pipeline ushers in new era for oilsands hub

Trans Mountain pipeline expansion gives hope to workers and residents that Fort McMurray's boom town days may be returning, with official opening of...

By Amanda Stephenson29 Apr 2024The Canadian Press