• 2 days Iraq Begins To Rebuild Largest Refinery
  • 2 days Canadian Producers Struggle To Find Transport Oil Cargo
  • 2 days Venezuela’s PDVSA Makes $539M Interest Payments On Bonds
  • 2 days China's CNPC Considers Taking Over South Pars Gas Field
  • 2 days BP To Invest $200 Million In Solar
  • 2 days Tesla Opens New Showroom In NYC
  • 2 days Petrobras CEO Hints At New Partner In Oil-Rich Campos Basin
  • 2 days Venezuela Sells Oil Refinery Stake To Cuba
  • 2 days Tesla Is “Headed For A Brick Wall”
  • 3 days Norwegian Pension Fund Set to Divest From Oil Sands and Coal Ventures
  • 3 days IEA: “2018 Might Not Be Quite So Happy For OPEC Producers”
  • 3 days Goldman Bullish On Oil Markets
  • 3 days OPEC Member Nigeria To Issue Africa’s First Sovereign Green Bond
  • 3 days Nigeria To Spend $1B Of Oil Money Fighting Boko Haram
  • 3 days Syria Aims To Begin Offshore Gas Exploration In 2019
  • 3 days Australian Watchdog Blocks BP Fuel Station Acquisition
  • 3 days Colombia Boosts Oil & Gas Investment
  • 4 days Environmentalists Rev Up Anti-Keystone XL Angst Amongst Landowners
  • 4 days Venezuelan Default Swap Bonds At 19.25 Cents On The Dollar
  • 4 days Aramco On The Hunt For IPO Global Coordinators
  • 4 days ADNOC Distribution Jumps 16% At Market Debut In UAE
  • 4 days India Feels the Pinch As Oil Prices Rise
  • 4 days Aramco Announces $40 Billion Investment Program
  • 4 days Top Insurer Axa To Exit Oil Sands
  • 5 days API Reports Huge Crude Draw
  • 5 days Venezuela “Can’t Even Write A Check For $21.5M Dollars.”
  • 5 days EIA Lowers 2018 Oil Demand Growth Estimates By 40,000 Bpd
  • 5 days Trump Set To Open Atlantic Coast To Oil, Gas Drilling
  • 5 days Norway’s Oil And Gas Investment To Drop For Fourth Consecutive Year
  • 5 days Saudis Plan To Hike Gasoline Prices By 80% In January
  • 5 days Exxon To Start Reporting On Climate Change Effect
  • 6 days US Geological Survey To Reevaluate Bakken Oil Reserves
  • 6 days Brazil Cuts Local Content Requirements to Attract Oil Investors
  • 6 days Forties Pipeline Could Remain Shuttered For Weeks
  • 6 days Desjardins Ends Energy Loan Moratorium
  • 6 days ADNOC Distribution IPO Valuation Could Be Lesson For Aramco
  • 6 days Russia May Turn To Cryptocurrencies For Oil Trade
  • 6 days Iraq-Iran Oil Swap Deal To Run For 1 Year
  • 9 days Venezuelan Crude Exports To U.S. Fall To 15-year Lows
  • 9 days Mexico Blames Brazil For Failing Auction

Breaking News:

Iraq Begins To Rebuild Largest Refinery

Struggling Venezuela Launches Tender To Buy U.S. Crude

Struggling Venezuela Launches Tender To Buy U.S. Crude

Struggling Venezuelan state oil company…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Trans Mountain Pipeline Could Change Canada's Energy Future

Trans Mountain Pipeline Could Change Canada's Energy Future

Forget the Keystone XL, or Northern Gateway pipelines. The pipeline that really could change Canada’s energy industry is the Trans Mountain pipeline.

Currently the Trans Mountain carries oil across the Rockies to the Kinder Morgan-owned Westridge Terminal in Vancouver. There it is loaded onto a tanker, once every week, and shipped off around the world, actually the tankers generally head off down to L.A.’s Long Beach.

Kinder Morgan now intends to more than double the capacity of the pipeline, up to 750,000 barrels a day, and see a tanker full of crude leave Vancouver port almost everyday. Using tankers will allow Canada to deliver oil to almost any nation in the world, and sell the product at global prices, rather than be stuck selling the majority of the oil to the oversupplied US at a discount. Most of the oil will probably still be sent to California, but that doesn’t matter because oil is sold at the dock, which means that as soon as it leaves Vancouver, the Canadian oil company will already have been paid at the international price, regardless of the ultimate destination of the oil.

Expanding the Trans Mountain line could also see an expansion to the oil sands which will allow for years of growth, and could turn Vancouver into a major oil tanker hub.

The Trans Mountain expansion is already receiving similar opposition that met Enbridge’s plans to build the Northern Gateway, even though the project has not yet been formally announced. The announcement is expected next year.

Another block that may hinder this plan is the treatment that oil tankers receive in Vancouver. Regulations state that they can only sail during the day, at high slack water, a window that sometimes only lasts for 25 minutes. They must also travel through clearly defined channels which means other ships must wait. Without some reformation these strict rules will restrict the volume of crude that can be shipped out of Vancouver, regardless of the amount arriving in the new pipeline.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • bigben on August 07 2012 said:
    "... These strict rules will restrict the volume of crude ..." - you bet, rules necessary for the safety of the people, communities, cities, surrounding land and water. These rules are in place for a reason - because the sailing in these waters is dangerous for such large vessels. So compare the profit of the few, to the protection of the many.
  • bigben on August 07 2012 said:
    Yea, like I want Vancouver to smell like Hamilton. Disgusting. AND it's not the "oil sands" - cause there's NO oil in those pits. It's tar and must be refined into oil. Therefore, "tar sands" is a more accurate label.
  • Derrick on August 07 2012 said:
    As usual the right way will be the last way, Canada
    should build a pipeline to Eastern Canada stopping
    at the Irving Refinery in St.John. NB.

Leave a comment

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