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ACL to begin transporting Canadian crude by inland barge to Gulf Coast for oil sands company MEG Energy

Green Car Congress

American Commercial Lines (ACL) will begin transporting crude oil by barge on the US inland waterways for MEG Energy (US) Inc. MEG Energy), a subsidiary of the Canadian oil sands company MEG Energy Corp. The first of the barges, launched on May 2012, was a clean service tanker with a capacity of 30,000 barrels.

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Imperial Oil To Move Ahead With Kearl Oil Sands Project

Green Car Congress

Imperial Oil Limited’s board of directors approved the first phase of the Kearl oil sands project, a surface mining operation northeast of Fort McMurray, Alberta. Imperial is an affiliate of Exxon Mobil Corporation, which owns 69.6% of the outstanding shares.

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Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

Green Car Congress

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. of the 2012 global total. billion, representing a share of 24.5%

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TransCanada launches binding open season for eastern oil pipeline; oil sands crude to Eastern Canada

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TransCanada Corporation will hold a binding open season to obtain firm commitments from interested parties for a pipeline to transport crude oil from Western Canada to Eastern Canadian markets. In 2012, Canada imported more than 600,000 barrels per day to supply its Eastern refineries.

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Follow the sand to the real fracking boom

Green Car Congress

When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. says the output of wells is up to 30% higher when they are blasted with more sand.

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Chevron announces successful test well at deepwater St. Malo in Gulf of Mexico

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Chevron Corporation announced that it had conducted a successful production test on the St. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. Chevron’s Jack/St. billion.

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Inter Pipeline to provide 100 kbpd of bitumen blend transportation to Canexus rail loading facility

Green Car Congress

Inter Pipeline Fund has entered into a binding agreement with Canexus Corporation to transport bitumen blend to Canexus’ unit train rail loading operations near Bruderheim, Alberta. Inter Pipeline shipped nearly 30% of Canadian crude oil supply and about 40% of oil sands volumes in 2012.

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