Alberta crude oil and condensate production for July averaged 4.762 MMb/d, up 271 Mb/d or 6% vs. June, and up 116 Mb/d compared the prior July record of 4.646 MMb/d set last year, according to data released by the Alberta Energy Regulator on August 31.
The Trans Mountain pipeline's owner Trans Mountain Corporation said in its Q2 results press release on August 28 that it expects to increase the pipeline's "nominal system capacity by approximately 90,000 bpd by the end of 2026".
Weekly Canadian refinery crude oil runs saw a dip in July, but had since recovered (see red line in left chart below), according to weekly data through August 4.
In Western Canada the gas-directed rig count dropped by 2 to 63 rigs, while the oil-directed rig count fell by 4 to 143 rigs, for the week ended August 28, according to Baker Hughes data.
AltaGas has delayed the startup of its Ridley Island Energy Export Facility, so buyers won’t have the benefit of increased fuel supplies this winter. Today, we review industry plans to expand LPG export capacity on North America’s west coast, and how this could impact North American LPG markets.
In Western Canada the gas-directed rig count was unchanged at 65 rigs, while the oil-directed rig count was up 1 to 147 rigs, for the week ended August 21, according to Baker Hughes data.
British Columbia is a new hot spot for LNG export development. The first phase of LNG Canada is up and running; Phase 2 is nearing FID. Two smaller LNG export projects are under construction; and a 12-MMtpa (~1.6 Bcf/d) proposal may be sanctioned soon.
At the end of July, propane stocks in Western Canada were at above normal, while propane stocks in Eastern Canada continue to be below normal and similar to this time last year, according to data published by the Canadian Energy Regulator on August 18.
AltaGas has delayed the startup of its Ridley Island Energy Export Facility, so buyers won’t have the benefit of increased fuel supplies this winter. Today, we review the existing LPG export terminals on North America’s west coast and how their growth has impacted Western Canadian LPGs.
In Western Canada the gas-directed rig count was unchanged at 65 active rigs, while the oil-directed rig count rose by 4 to 146 rigs, for the week ended August 14, according to Baker Hughes data.
