Download or read book Western Canadian Crude Oil Supply Markets and Pipeline Capacity written by and published by . This book was released on 2018 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This report looks at the state of crude oil markets in western Canada. It provides facts and data on the supply chain from production site to markets. The report discusses production, markets, transportation, and prices. The report also describes how space is allocated on crude oil pipelines in Canada, and the NEB's role in the regulation of tolls and tariffs. This report is not intended to provide advice to the questions posed by the Minister, but to serve as a backgrounder in support of the work to be conducted in early 2019 to address the Minister's letter"--Introduction, p. 1.
Download or read book Canadian Pipeline Transportation System written by Canada. National Energy Board and published by Canadian Museum of Civilization/Musee Canadien Des Civilisations. This book was released on 2008 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Demand Model for Crude Oil Rail and Pipeline Shipments in Canada written by Adam Peter Lloyd Morrison and published by . This book was released on 2018 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global energy demand is expected to increase significantly over the next 10-20 years, and in the absence of an increase in pipeline capacity, Canadian crude oil shipments are likely to be diverted to rail. The current rail loading capacity originating in western Canada is 754,000 barrels/day. This rail capacity is expected to meet the 1 million b/d deficit between western Canadian production forecasted for 2025 (5 million b/d) and existing pipeline capacity (4 million b/d). Western Canadian production is further forecast to reach 5.4 million b/d by 2030, representing a 39% increase from 2016. The primary objective of this research is to obtain accurate current estimates of crude oil shipments by pipeline and rail in Canada (tonnages and volumes), and to use these data to calibrate and evaluate an empirical model of crude oil shipments by shippers' mode choice (pipeline and rail) and route selection. Modelling crude oil shipments allows for an assessment of the impacts of future changes in pipeline/rail network connectivity, modal attributes, and shipment protocols, on the expected pattern of crude oil shipments. Origin Destination (OD) demands were based on empirical trade data. In particular, crude oil shipments beginning and ending in Canada are available from CANSIM, Statistics Canada's key socioeconomic database. These data were supplemented with other data from the National Energy Board (NEB) and the U.S. Energy Information Administration. Due to data limitations and the need for more disaggregated zones to characterize crude oil shipment patterns more precisely, shipments originating from (destined for) British Columbia or Alberta were split based on total production (attraction) data from the Canadian Association of Petroleum Producers, Alberta Energy, and the Canadian Fuels Association. Numerous data sources were compiled to estimate cost functions for shipping crude by pipeline and rail in Canada. For pipelines, cost performance functions (shipper tolls) were found to depend significantly on shipping distance, route pipe diameters and shipment destination (domestic vs international). Moreover, medium and heavy crude were found to be more expensive to ship compared to condensate and light crude due to their lower viscosities. For rail, the distance shipped, a terminal fee and an international tariff surcharge were found to be statistically significant in explaining shipper costs along a route. These pipeline and rail cost models yielded R2 values of 0.85 and 0.83, respectively. Conventional Random Utility Models (RUM) fail to capture the complex interactions of pipeline shipments to determine mode and route choice shipper decisions, resulting in the development of a rule-based approach for mode choice and route assignment. This research found that the mode split, and route assignment of crude oil shipments are jointly determined by shipper types, destination types, prioritization rules, and allocation rules. This approach was validated by comparing predicted throughputs with those reported for Canada's Group 1 and Group 2 export pipelines, and applied to determine the impact of a 39% increase in western Canadian crude oil production, as forecasted by CAPP for 2030. Assuming no new pipeline infrastructure is constructed before 2030, several rail lines would carry increased amounts of crude oil.
Download or read book Economic Considerations Bearing on Valuation of Alaskan Crude Oil and State Policy on Pipelines written by Levy (W. J.) Consultants Corporation and published by . This book was released on 1970 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Canadian and U S Heavy Crude Oil Markets written by Canadian Energy Research Institute and published by Calgary : Canadian Energy Research Institute. This book was released on 1985 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this study is to analyze the market potentialfor Canadian heavy crude oil and to identify the salient forcesaffecting this potential over the period 1984 to 2000. Theobjective is achieved by reviewing and evaluating the mainfactors affecting the market potential.
Download or read book Pipe Or Perish written by Michael Holden and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Western Canada needs to develop the transportation capacity to reach three critical Pipelines are the safest and most cost-effective markets: Asia; the US Gulf Coast; and eastern way to get oil to markets. [...] In the Because of anticipated higher demand, crude oil prices are baseline New Policies scenario, oil consumption in expected to be higher in this scenario - rising to $145/bbl industrialized countries falls by 21% over the outlook period, (in 2011 dollars) by the end of the forecast period. [...] This trend is expected to continue in the This scenario results in decreasing energy demand, which is future as rising fuel efficiency standards and other measures expected to push down oil prices in the second half of the are put in place to further limit demand. [...] Crude oil production in the US is surging, thanks to the development of tight oil resources like the The downside of the western Canadian oil industry's Bakken play in North Dakota, where monthly output has tripled dependence on a single market is becoming evident. [...] However, the reality is that the US will not need to buy as much As a result, US reliance on foreign crude oil is expected to Canadian crude in the future.
Download or read book Oil Pipelines in Canada written by Source Wikipedia and published by Booksllc.Net. This book was released on 2013-09 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 22. Chapters: Enbridge Northern Gateway Pipelines, Enbridge Pipeline System, Environmental risks of the Keystone XL pipeline, Keystone Pipeline, National Energy Board, Portland-Montreal Pipe Line, Yinka Dene Alliance. Excerpt: The Keystone Pipeline System is a pipeline system to transport tar sands oil from Canada and the northern United States "primarily to refineries in the Gulf Coast" of Texas.(USSD SEIS March 1, 2013 p.ES-2) The products to be shipped include synthetic crude oil (syncrude) and dilbit (diluted bitumen) from the Western Canadian Sedimentary Basin in Alberta, Canada, and Bakken synthetic crude oil and light crude oil produced from the Williston Basin (Bakken) region in Montana and North Dakota. Two phases of the project are in operation, a third, from Oklahoma to the Texas Gulf coast, is under construction and the fourth is awaiting U.S. government approval as of mid-March 2013. Upon completion, the Keystone Pipeline System would consist of the completed 2,151-mile (3,462 km) Keystone Pipeline (Phases I and II) and the proposed 1,661-mile (2,673 km) Keystone Gulf Coast Expansion Project (Phases III and IV) . The controversial fourth phase, the Keystone XL Pipeline Project, would begin at the oil distribution hub in Hardisty, Alberta and extend 1,179 miles (1,897 km), to Steele City, Nebraska. The operational Keystone Pipeline system currently has the capacity to deliver up to 590,000 barrels per day (94,000 m/d) of Canadian crude oil into the Mid-West refining markets. In the summer of 2010 Phase 1 of the Keystone Pipeline was completed, delivering crude oil from Hardisty, Alberta to Steele City, Nebraska, and then east through Missouri to Wood River refineries and Patoka, Illinois. Phase 2 the Keystone-Cushing extension was completed in February 2011 with the pipeline from Steele City, Nebraska to storage and...
Download or read book North American crude oil supply and transportation a California view written by California Energy Commission and published by . This book was released on 1976 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Canadian Crude Oil Supply Demand Balances written by James N. Tanner and published by Calgary : Canadian Energy Research Institute. This book was released on 1989 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the existing situation relating to crude oil supply and refined petroleum product demand in Canada and, based on reasonable assumptions regarding future energy prices and economic development, provides an analysis of likely future paths of crude oil supply-demand balances. An assessment is conducted of conventional, nonconventional and frontier sources of crude oil supply, along with an evaluation of the oil megaproject agreements announced in 1988. The supply projections are set against a forecast of Canadian refined petroleum product demand and the resulting light and heavy oil balances are examined.
Download or read book Western Canadian Crude Oil Supply and Markets 2002 2010 written by Canadian Association of Petroleum Producers and published by . This book was released on 2003 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fossil Fuel Issues III written by Robert A. Shinn and published by . This book was released on 1976 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Canadian Energy Trade written by Helmut Jack Frank and published by Boulder, Colo. : Westview Press. This book was released on 1978 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spatial Price Dynamics written by Gregory Galay and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis, entitled Spatial Price Dynamics: Implications for Investment Decisions and Energy Policy in Canada, studies the long-run relationship between crude oil prices in different geographical areas and evaluates the impact spatial price differences have on the value of oil sands investments in Alberta. The impassioned debate surrounding the approval of new crude oil export pipelines has been the primary motivation for this research. Beginning in 2011 a larger than normal spread emerged between crude oil prices in Alberta and the rest of the world as constrained transportation capacity has meant excess supply could not be transported from production regions in Northern Alberta to those markets that would yield the highest return. This has led many participants in Canada's energy sector to advocate for expanding Canada's pipeline transportation system, meanwhile, opponents argue the benefits do not justify the direct and indirect economic and social costs of new pipeline capacity. In the first chapter a two-factor real options model is developed to examine the impact spatial price differences have on the value of an oil sands project and the incentive to invest. Spatial arbitrage theory shows that large, volatile price differences between locations can emerge when demand to ship exceeds capacity limits. This may have a significant impact on production, investment, and policy in exporting regions. I assume the price difference between two locations follows a stationary process implying prices in different locations move together. The investment decision is formulated as a linear complementarity problem that is solved numerically using a fully implicit finite difference method. Parameters for the stochastic processes are estimated from monthly spot price data for West Texas Intermediate (WTI) and Western Canadian Select (WCS). Production parameters for the oil sands project were selected to represent a typical steam-assisted gravity drainage project. Results show the value of an oil sands project and the incentive to invest in a new project will increase when price differences decrease. Surprisingly, the standard deviation of the price difference has very little impact on project value or the incentive to invest. The second chapter studies the co-movement of weekly crude oil spot prices from different geographic regions for the period from May 2008 to February 2016 using a cointegration approach that allows for endogenously determined structural breaks. The emergence of large, persistent price differences between land-locked North American crude oil prices and international benchmarks has cast doubt on the `one great pool' hypothesis which holds that crude oil prices in different geographical regions move together. Results indicate crude oil prices, for similar and different quality crude oils, are cointegrated with a structural break suggesting oil markets are still integrated. Estimated break dates range from the July 30, 2010 to December 16, 2014, with break dates for price pairs including a land-locked North American crude oil and an international benchmarks occurring in December 2010 and January 2011. These break dates correspond to the beginning of the unconventional crude oil production boom in North America. The results of the second chapter suggest that crude oil markets are integrated but indicate that capacity constraints may have a significant impact on the relationship between crude oil prices. The third chapter builds on the second by considering the impact constrained transportation capacity has on the WTI-WCS spread. The WTI-WCS spread is modeled as a two regime Markov-switching model where one regime corresponds to normal times when there is sufficient transportation capacity and the other regime corresponds to times when there is insufficient transportation capacity. The results of this chapter confirm predictions in the spatial arbitrage literature. When there is sufficient transportation capacity the spread reflects transport costs and quality differences between WTI and WCS. During periods of tight capacity the spread becomes more volatile and on average exceeds transport costs and quality difference.
Download or read book Pipeline Flow Characteristics of Selected Western Canadian Crude Oils written by H. D. Bagley and published by . This book was released on 1955 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reasons for Decision in the Matter of TransCanada PipeLines Limited and TransCanada Keystone Pipeline GP Ltd written by Canada. National Energy Board and published by . This book was released on 2007 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the background and the report of the National Energy Board (NEB) with regard to the application by TransCanada Pipelines Ltd. and TransCanada Keystone Pipeline GP Ltd. to transfer certain pipeline facilities presently comprising part of the TransCanada mainline natural gas transmission system from TransCanada to Keystone for use in Keystone's proposed new oil pipeline. Included in the data is information on the regulatory standard, a discussion of energy supply, markets and pipelines, and the potential impacts of the transfer.
Download or read book In depth Report Canadian Pipelines Western Canada Crude Oil and Natural Gas Supply Implication for Canadian Pipes written by Randy Ollenberger and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimizing Oil Pipeline and Rail Capacity Out of Western Canada written by Canada. National Energy Board and published by . This book was released on 2019 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This National Energy Board (NEB) report examines short and long-term options to optimize oil pipeline capacity out of Western Canada as requested by the Minister of Natural Resources. The report states that any notable increase in pipeline or rail capacity would need to come from new major infrastructure projects as current pipeline capacity is fully utilized and rail infrastructure is operating at or near capacity"--Provided by publisher.
