article thumbnail

IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218
article thumbnail

Imperial approves $720M for largest renewable diesel facility in Canada at Strathcona; 1B liters per year

Green Car Congress

ExxonMobil’s majority-owned affiliate Imperial Oil will invest about $720 million (US$560 million) to move forward with construction of the largest renewable diesel facility in the country. Earlier post.) Regulatory approval for the project is expected in the near term.

Canada 199
article thumbnail

IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Green Car Congress

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4

Oil 186
article thumbnail

Governments of Canada & Québec award $76.5M to AE Côte-Nord Canada Bioenergy for renewable fuel oil from forest residues w/ Ensyn RTP

Green Car Congress

The Governments of Canada and Québec will provide $76.5 million in funding to AE Côte-Nord Canada Bioenergy Inc. for the production of renewable fuel oil (RFO) from forest residues. million gallons US) of renewable fuel oil per year. Production of renewable fuel oil is set to begin in 2017.

Canada 150
article thumbnail

Enbridge to invest $6.2B in pipeline expansions for light oil from North Dakota and Canada

Green Car Congress

billion program of pipeline expansions to carry an additional 400,000 barrels per day (bpd) of light oil from North Dakota and western Canada to refinery markets in Ontario, Quebec and the US Midwest. billion investment rounds out our suite of major crude oil new market access initiatives for North American markets.

article thumbnail

TransCanada launches binding open season for eastern oil pipeline; oil sands crude to Eastern Canada

Green Car Congress

TransCanada Corporation will hold a binding open season to obtain firm commitments from interested parties for a pipeline to transport crude oil from Western Canada to Eastern Canadian markets. In 2012, Canada imported more than 600,000 barrels per day to supply its Eastern refineries.

Oil-Sands 210
article thumbnail

Details on how Enbridge will expand capacity of Alberta Clipper oil sands crude pipeline without US review

Green Car Congress

million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. This will vary based on the type of product transported.

Oil-Sands 339