1754 replies to this topic

[Bingo]

Chinese shipping companies have placed orders for 50 supertankers, to help the world's biggest energy consumer gain more control over it's supply.

Supertankers cost $95 million at the end of August, according to data from shipbroker Clarkson Plc.

... or about the same cost as a new Johnson Street Bridge.

Cosco Group May Order Supertankers as Oil Imports Rise - Bloomberg

Chinese shippers place order for 50 supertankers

[Bingo]

Liberal leadership hopeful Justin Trudeau says Enbridge pipeline not a good idea
Global News | Liberal leadership hopeful Justin Trudeau says Enbridge pipeline not a good idea

Edited by Bingo, 04 December 2016 - 07:02 AM.

[Bingo]

Northern Gateway opponents to protest at B.C. legislature today

Read it on Global News: Global News | Northern Gateway opponents to protest at B.C. legislature

[Bingo]

Second shipping incident in two days heightens concerns


A second ocean-going vessel has run into trouble on B.C.'s north coast in two days, creating further fodder for critics seeking to block the Enbridge Northern Gateway pipeline project.

The deep sea cargo ship, Tern Arrow, lost engine power in heavy seas and 40-knot winds near Laredo Sound south of Kitimat on Thursday afternoon, said Dan Bate, spokesman for the Canadian Coast Guard.

The Bahamas-registered 188metre ship drifted for almost three hours before establishing emergency power at 5 p.m. and heading to open water, Bate said Friday.

Two days earlier, a loaded container ship changed course to avoid a small fishing boat and hit a sandbar about six nautical miles from Prince Rupert.

The ship that ran aground Tuesday night was piloted by a B.C. coastal pilot, an experienced mariner whose job is navigating large vessels into harbours and through coastal waters.

Read more: http://www.vancouver...l#ixzz2DAernVXd

Edited by Bingo, 04 December 2016 - 07:03 AM.

[Bingo]

Endbridge will have tugs escorting oil tankers up the channel to Kitimat, but there are still potential dangers.

 

"The Kulluk had about 143,000 gallons of diesel fuel and 12,000 gallons of combined lube oil and hydraulic fluid on board. The rig -- a key part in Shell's controversial Arctic oil exploration project -- ran aground off uninhabited Sitkalidak Island, about 200 miles south of Anchorage, on Monday night."

"The Kulluk had been working in the Beaufort Sea, off Alaska's North Slope, until October. It was being towed back to its winter home in Seattle when it ran into a severe storm off the Alaskan coast. The Coast Guard evacuated its 18-man crew Saturday night, and it drifted for 10 hours on Sunday after the tug that was towing it lost power."

[url]http://edition.cnn.c...?hpt=hp_t3[/URL

 

 

Edited by Bingo, 04 December 2016 - 07:04 AM.

[VicHockeyFan]

Murray Rankin is making me sick already:

January 04, 2013 10:54 from Kelly Linehan

Not even NDP Member of Parliament Murray Rankin could get in to the Northern Gateway hearing in Victoria Friday

Rankin identified himself as an MP at the hearing at the Delta hotel but was turned away, instead directed to a viewing room at the Ramada hotel.

Only the 280 people who had scheduled an oral statement were allowed to attend the hearing.

Rankin said being there in person was important to him and to his constituents.

"Its a difference to going to a theatre or watching a hockey game on a television screen," says Rankin.

Protests are scheduled for the Delta Hotel and early into the Friday hearing, all delegations have been speaking out against the pipeline.

"I think this process has been set up to fail and I think its a process that doesn't engage the public to a level we have a legal right to expect," says Rankin.

http://www.cfax1070....-Gateway-hearin

He flashed his MP card, and how dare they deny Him entry.

Then before seeing a single bit of the hearing, he goes on to say the process is set up to fail. What a loser.

[Bingo]

Oil tanker hits Oakland Bay Bridge.

"Pilot of empty oil tanker that struck Oakland Bay Bridge previously had 3 minor accidents"

"Pilot Guy Kleess was held responsible for two of the accidents and ordered to undergo more training after a ship he was piloting damaged a dock in Stockton in 2009, according to records from the state Board of Pilot Commissioners."

"The National Transportation Safety Board said it will coordinate its investigation with the Coast Guard and proceed in light of safety recommendations made after another tanker, the Cosco Busan, hit a nearby tower on the same bridge in 2007 and spilled 53,000 gallons of oil into the bay."

http://www.washingto...8dfa_story.html

Edited by Bingo, 04 December 2016 - 07:04 AM.

[Bingo]

CN proposes using rail to ship oil to coast
 

Although Enbridge Inc. has attracted the most attention for its planned Northern Gateway pipeline, which would create a Pacific outlet for Alberta's oil sands, Canadian National Railway Co. has also received a favourable response to its plan for a "pipeline on rail" that would also deliver oil to West Coast tanker ships.

CN's pipeline alternative offers a potentially simpler option that could be placed into service using existing infrastructure. Proponents of the rail alternative say it can compete on both timeline - crude moves more than five times faster on tracks than in a pipe - and price. Take West Coast exports, for example. For bitumen to flow to Kitimat, B.C., as Enbridge has proposed, it must be thinned with a product called condensate, in a ratio that includes only 70 per cent bitumen. That condensate must then be brought back to Fort McMurray, doubling the transportation costs.

Rail cars, by contrast, can ship pure bitumen. And rather than the $5.5-billion price tag for Gateway, rail cars with enough capacity to move 55,000 barrels per day - a reasonable initial flow - would cost $100-million.

http://www.theglobea.../article563560/

 

Edited by Bingo, 04 December 2016 - 07:05 AM.

[Sparky]

^ Thanks for that Bingo. I flew over the Rockies today coming back from the Alberta oil sands. That is one $hitload of rock to build a pipe through.

It makes you think about how smart we were as a province, to sell BC rail to CN.

We could have put a buck in our pocket getting that bitumen part way to China. Perhaps it would have been wise to invest in a few ocean tankers as well.

Instead we're going to get dick. (read Dix)

[VicHockeyFan]

David Black says he's close to signing $25-billion Kitimat oil refinery deal (updated)

Read more: http://www.vancouver...c#ixzz2MndQQAvb

[Bernard]

David Black says he's close to signing $25-billion Kitimat oil refinery deal (updated)

Read more: http://www.vancouver...c#ixzz2MndQQAvb

I am very surprised that he has firm financing in place. My sense is that projects like this tend not to get serious offers of finance until they have gone through the EA process and have buy in for First Nations, neither of which is the case here.

[jonny]

I am very surprised that he has firm financing in place. My sense is that projects like this tend not to get serious offers of finance until they have gone through the EA process and have buy in for First Nations, neither of which is the case here.

Wouldn't financing be contingent upon obtaining all of the relevant permitting and legal requirements?

[LJ]

Wouldn't financing be contingent upon obtaining all of the relevant permitting and legal requirements?

And a supply of oil.

[jonny]

And a supply of oil.

lol yeah that would be a prerequisite before I signed on.

[Bernard]

Meanwhile the Enbridge pipeline is specifically being built to allow China to access the oil, it is already 100% spoken for

[jonny]

Meanwhile the Enbridge pipeline is specifically being built to allow China to access the oil, it is already 100% spoken for

Is it though? Does Enbridge have long term supply contracts signed with Chinese customers at this point?

I suspect Enbridge would be more than happy to sell oil to a North American customer, provided they could sell it at a higher price than the current depressed price being paid for oilsands crude.

[Bernard]

Is it though? Does Enbridge have long term supply contracts signed with Chinese customers at this point?

I suspect Enbridge would be more than happy to sell oil to a North American customer, provided they could sell it at a higher price than the current depressed price being paid for oilsands crude.

Enbridge only owns 50% of the pipeline, the other partners include Chinese oil companies.

The oil in the pipeline does not belong to Enbridge but to the producers and the partners in the pipeline seem like they will be able to use 100% of the capacity. I do not see CNOOC or Sinopec selling to a Canadian refinery

[Bingo]

Suncor cancels Voyageur project
 

"Suncor Energy Inc., Canada’s biggest oil-sands producer, has cancelled its $11.6-billion Voyageur upgrader project because of soaring capital costs – and the belief that better profits are to be found in shipping out unprocessed bitumen."

http://www.theglobea...rticle10453855/




Suncor’s Voyageur upgrader stands partly built, north of Fort McMurray, Alta
(Brett Gundlock For The Globe and Mail)

 

Edited by Bingo, 04 December 2016 - 07:08 AM.

[jonny]

Enbridge only owns 50% of the pipeline, the other partners include Chinese oil companies.

The oil in the pipeline does not belong to Enbridge but to the producers and the partners in the pipeline seem like they will be able to use 100% of the capacity. I do not see CNOOC or Sinopec selling to a Canadian refinery

Good to know, but I don't see why Enbridge, CNOOC, Sinopec or whoever would turn down a major customer who would be paying fair market value for the crude.

[sebberry]

Pipeline spills Canadian crude in Arkansas

MAYFLOWER, Ark. - Exxon Mobil Corp. says crews are working to contain and clean up an oil spill near Mayflower, Arkansas after its Pegasus pipeline ruptured Friday afternoon.

The pipeline carries Canadian heavy crude oil from Patoka, Illinois to refineries on the Texas Gulf coast.

Exxon Mobil issued a release that said the company was responding to a spill of more than 10,000 barrels, and that some 4,500 barrels of oil and water had been recovered.

[...]

http://news.ca.msn.c...e-in-arkansas-2

It's safe. Perfectly safe. Nothing to worry about!