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Canadian Oil Sands Profit Hit by Crude Price Gap

2013-02-01 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Canadian Press: Canadian Oil Sands Ltd., which owns the biggest piece of the massive Syncrude oil sands mine in northern Alberta, posted a dip in fourth-quarter profits as its crude fetched a lower price. The Calgary-based company says net income was $221-million, down from $232-million a year earlier. The earnings amounted to 46 cents a share, down from 48 cents per share a year earlier and missing the average analyst estimate of 50 cents per share, according to Thomson Reuters. Cash flow from operations...

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Crude oil spills into Mississippi River after oil barges crash

2013-01-27 23:27:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Two oil barges pushed by a tugboat slammed into a railroad bridge in Vicksburg, Mississippi, on Sunday, causing one to leak crude oil into the Mississippi River, the U.S. Coast Guard said. Officials used an "absorbent boom" to contain the undetermined amount of oil that leaked into the river after the collision, which occurred shortly after midnight and damaged both barges, Lieutenant Ryan Gomez said. The barge that is leaking was holding 80,000 gallons of light crude oil, he said. "A towing...

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JP Energy Development to build interstate crude oil pipeline in Kansas, US

2013-01-17 01:00:00| Hydrocarbons Technology

US-based crude oil midstream company JP Energy Development, a subsidiary of JP Energy Partners, has signed a 15-year agreement with Tug Hill Operating to develop the new interstate crude oil pipeline, known as the Kansas Express, to transport crude o

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West Texas Intermediate Crude Oil On The Rise With The Expansion Of Seaway Pipeline

2013-01-16 03:16:21| oilandgasonline Home Page

U.S. oil stocks will look to benefit from plans to re-open the Seaway Pipeline. By the end of this week, Operators Enterprise Products Partners LP and Enbridge Inc. have announced 400,000 barrels of oil will flow through their pipeline.

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