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TransCanada and Phoenix Energy forming JV to develop $3B oil sands pipeline in Alberta

Green Car Congress

TransCanada Corporation has entered into binding agreements with Phoenix Energy Holdings Limited (Phoenix) to develop the Grand Rapids Pipeline project in Northern Alberta. The Grand Rapids Pipeline system is expected to be in-service by early 2017, subject to regulatory approvals, with capital spent between 2014 and 2017.

Oil-Sands 218
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Chevron announces “significant” oil discovery in deepwater Gulf of Mexico

Green Car Congress

Chevron Corporation announced a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands. Anchor is located approximately 140 miles (225 km) off the coast of Louisiana. Anchor co-owners are Cobalt International Energy, Inc. (20%),

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Kinder Morgan, Imperial Oil to build Edmonton crude oil rail terminal; $270M investment

Green Car Congress

Kinder Morgan Energy Partners L.P.and Imperial Oil formed a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. Accessing new and existing markets is critical for our continued growth and responsible development of Canada’s oil sands.

Oil 231
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Chevron announces successful test well at deepwater St. Malo in Gulf of Mexico

Green Car Congress

Chevron Corporation announced that it had conducted a successful production test on the St. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. Malo development is located approximately 280 miles (450 km) south of New Orleans, Louisiana, in 7,000 feet (2,134 m) of water.

Chevron 256
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TransCanada to proceed with $12B, 1.1M barrel/day Energy East oil pipeline project to Eastern Canada

Green Car Congress

TransCanada Corporation is moving forward with the 1.1 The conclusion of the successful open season confirmed strong market support for a pipeline with approximately 900,000 bbl/d of firm, long-term contracts to transport crude oil from the oil sands area in Western Canada to Eastern Canadian refineries and export terminals.

Canada 207
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Chevron sanctions $4B Big Foot Project in the deepwater Gulf of Mexico

Green Car Congress

Chevron Corporation has sanctioned development of its $4-billion Big Foot project in the deepwater US Gulf of Mexico. Big Foot will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and located approximately 225 miles (360 km) south of New Orleans, Louisiana, in water depths of 5,200 feet (1,600 m).

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TransCanada announces additional commitments to proposed Keystone XL system; the Houston Lateral and capacity expansion to 830,000 barrels per day

Green Car Congress

TransCanada Corporation has received additional binding commitments in support of the proposed Keystone XL pipeline system—designed to bring Canadian oil sands crude to Gulf Coast refineries—following the successful conclusion of the Keystone Houston Lateral Open Season. million barrels per day.

Houston 210