An increase in pipeline capacity this year also means the province is no longer struggling to store stranded crude. WATCH | This Alberta town is undergoing a mini-boom from Keystone XL construction: Another block on, and you're at the Overtime — a brightly lit pub with sports on every TV, hockey and football logos on the walls, and the bar is decorated with metal plate. Some work along the pipeline route will also continue for a while after it's built.
The 1,947 kilometre pipeline, which costs approximately US$8 billion is being built through a $1.5 billion investment from the Alberta government. Dingman continues to be a supporter of the energy sector, believing strongly that Alberta's oil will be needed for a long while to come, while acknowledging the push for renewable energy. “I think (he) feels that it’s time to go back to the more strident approach.”, Reporting by Rod Nickel in Winnipeg, Manitoba and Jeff Lewis in Toronto; additional reporting by Steve Scherer in Ottawa and Trevor Hunnicutt in New York; Editing by Marguerita Choy.
They're only a fraction of the hundreds of workers who've arrived here recently, roughly doubling the town's population to around 2,000. The attorney general of B.C. But people were uncertain of when, or if, they'd host work crews for Keystone XL after years of political and legal headwinds. CBC's Journalistic Standards and Practices. 'audience' : 'News', Delivering Results. Overlooking Main Street is the town's clock tower, a metal-framed monument that commemorates the community's founding more than a century ago. TC Energy Corp.’s Keystone pipeline will be able to export an additional 50,000 bopd next year using so-called drag resistance agents.
Workers finally began arriving over the summer to work on the 269-kilometre Alberta leg after the United Conservative Party government announced it would invest $1.1 billion US as equity and guarantee a $4.2-billion project loan in a bid to get things moving. Other premiers have enjoyed popularity boosts during the pandemic, but discontent runs deep in Alberta, where the oil economy has struggled since 2014, a senior Alberta government source said. ", Located about 300 kilometres east of Calgary, Oyen doesn't sit far from the Saskatchewan border. Tullow Gets Green Light for $575MM Total Deal, Total Awards Maersk Contract for Three Angola Wells, Asia LNG Price Surge Spurs Interest in Vitol Trades, Deloitte Gives Bleak US Oil Job Prediction. As afternoon wound down, it was the end of a busy day at the Fountain Tire-NAPA Auto Parts store. Doug Dingman knows the ups and downs of the oilpatch. Work to lay 50 kilometres of pipe for the Trans Mountain pipeline expansion project is almost half complete in Greater Edmonton.
'Region' : 'All', alleged in a statement of claim that the Preserving Canada's Economic Prosperity Act was meant to counteract steps taken by B.C. TC Energy said in a statement it is awaiting the details of the federal conditions but expects the approval will allow it to go ahead with construction, starting with compressor station field work next month and pipeline construction activities in January. If forecasts show inventories approaching maximum capacity in the upcoming four to six months, the government will implement output limits again. But I hope it's for the better. The move was controversial: welcomed by some oil-sands companies such as Cenovus Energy Inc., while criticized by others including Imperial Oil Ltd. Oil’s crash prompted local producers to shut almost a million barrels a day of production earlier this year. Diakow estimated rentals are injecting roughly $75,000 Cdn a month into the region's economy, not including hotels. Home to the world’s third-largest crude reserves, the Canadian oil sands have been hit hard by this year’s virus-driven market crash after years already struggling with insufficient pipeline capacity and competition from U.S. shale. “Kenney’s support is definitely softening,” said Janet Brown, an independent Calgary pollster. The pipeline’s rejection would compound Kenney’s woes, said Mount Royal University political science associate professor Lori Williams.
The company says the new pipeline capacity will be placed in service through 2021 and 2022, adding the project is a "critical component" of the current $9.9-billion NGTL infrastructure program which will add 3.5 billion cubic feet per day of capacity between 2020 and 2024. If Biden halts KXL, however, its Canadian leg may stop at the border. But for the last few months, Oyen and its neighbours have been getting a taste of what, for some Albertans, may feel a bit like the good old days. "It's helping both, right? Dingman was among the thousands of Albertans who lost their oilpatch jobs in the wake of the global crude price collapse a few years ago. A federal government source said it is not paying much attention to Kenney’s recurring criticism, focusing instead on the pandemic. Fall Fair & Exhibition Guide 2015.
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