• 22 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 1 day Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 1 day Syrian Rebels Relinquish Control Of Major Gas Field
  • 1 day Schlumberger Warns Of Moderating Investment In North America
  • 1 day Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 1 day Energy Regulators Look To Guard Grid From Cyberattacks
  • 1 day Mexico Says OPEC Has Not Approached It For Deal Extension
  • 1 day New Video Game Targets Oil Infrastructure
  • 1 day Shell Restarts Bonny Light Exports
  • 1 day Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 2 days British Utility Companies Brace For Major Reforms
  • 2 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 3 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 3 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 5 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
Alt Text

Oil Fundamentals Overturn Geopolitical Risk

Geopolitical risk from Iraq and…

Alt Text

Russia And China Continue To Boost Oil Ties

The Russia-China alliance is strengthening…

Alt Text

The Geopolitical Consequences Of U.S. Oil Exports

The United States has ramped…

Canada Plans Strategic Pipeline Infrastructure while US Stalls on Keystone

Canada Plans Strategic Pipeline Infrastructure while US Stalls on Keystone

Canada continues to push ahead with a strategic plan for its own energy pipeline infrastructure as the United States has yet again delayed a decision on the controversial Keystone XL Pipeline designed to take the hydrocarbon product of Alberta's oil sands to the American Gulf Coast. The Office of the Inspector General (OIG) of the U.S. State Department has opened an investigation to look at whether contracts were wrongfully awarded in the review process for the Keystone XL and to examine whether the regulatory safeguards that were adopted are proper.

According to environmental groups, the private contractor Environmental Resources Management failed to disclose its ties with TransCanada, which would own the proposed pipeline. A spokesman for the OIG said that he hoped the report of the investigation would be issued soon after the New Year.

Related article: Iran puts West in 'Check' with Omani Gas Deal

The announcement by the State Department unit comes weeks after the new Energy Secretary Ernest Moniz told the U.S. Congress that he would do everything possible to speed up and streamline his department's approval procedures. Still, the State Department can still issue its decision on the Keystone XL without waiting for the report, and President Obama is on record promising a definite word sometime this year.

Meanwhile, Canada is not standing idly around. This Tuesday the federal Minister of Natural Resources Joe Oliver met in Yellowknife with energy and mining ministers from most the provinces, who agreed with him on the need to diversify the country's export markets and, for this purpose, build new infrastructure with a special view towards the Asia-Pacific region. As Oliver put it, the construction of such new infrastructure in Canada "is a strategic imperative since Canada currently exports virtually all its oil and gas to the United States."

Related article: Shale by Rail: A Lasting Phenomenon

At present, the only pipelines out of Canada end in the United States, which is the sole foreign buyer and which pays prices well below world market value. Thus the argument in Canada for pipelines to the coasts for export not just to Asia but also, from Eastern Canada, to Europe. The political momentum in Canada in favor of the Keystone XL is in the process of being transferred to other projects.

By. Robert M. Cutler of Oilprice.com




Back to homepage


Leave a comment
  • Jeff Bursey on August 30 2013 said:
    The new pipeline is planned for Saint John, New Brunswick, not St.John's Newfoundland. Easy to get confused
  • Greg on August 30 2013 said:
    St. Johns is in Newfoundland, ( an island by the way ). St. John is in New Brunswick.
    Perhaps a little fact checking is in order, otherwise we may as well get our info from the National Enquirer.
    Cheers, Greg
  • Malcolm Fenwick on August 31 2013 said:
    It is long past time for Canada to extend its direct trade overseas. Obama's US is an unreliable and unpredictable trading partner. Under this US administration, the neighbor to the south is a distinct economic liability. It is best to be able to bypass that dead albatross.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News