Oil producers and refineries are in the midst of a transition to shipping their oil by rail, and that means the Keystone XL pipeline is not needed, a report from Canaccord Genuity Inc. says.
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Tag Archives: railway
CP Rail begins exodus from downtown ‘glass towers’ to Ogden yards
CALGARY – Canadian Pacific Railway has started its exodus from downtown Calgary, moving an initial group of employees out of its Gulf Canada Square headquarters and into the railway’s future home in the southeast.
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Pipeline company purchases rail infrastructure
Pembina Pipeline Corporation has purchased a site in the Alberta Industrial Heartland. The purchase gives the company an existing rail system and infrastructure designed to support future rail development, as well as terminals and storage facilities.
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Oil-by-rail terminal planned for Hardisty
Alberta’s Gibson Energy is joining the rush to move crude out of the province by rail, with plans announced Tuesday for a major terminal at Hardisty.
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CP Rail profit more than doubles despite woes from Calgary flooding
Canadian Pacific Railway Ltd. says it’s on track for record financial and operating results in 2013 after its profit more than doubled in the second quarter.
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Local oil-to-rail projects going ahead in county and beyond
On July 6, an estimated 50 people were killed in Lac-Megantic, a picturesque, lakeside town in rural Quebec, after a driverless train with 72 oil tanker cars derailed, crashed and exploded in the center of the town. The derailment, which was the worst railway disaster in North America in 24 years, has ignited the debate about the safety of using railroads to transport oil – a discussion that stretches into the Peace Country.
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Canadian Pacific Railway to transport K&S potash
K&S Potash Canada, a subsidiary of Germany’s K&S AG, said Thursday it has signed an exclusive long-term deal for Canadian Pacific Railway Ltd (CP-T 129.49 0.32 0.25%) to transport potash from a mine it is building in Western Canada.
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Explosion in Quebec sparks debate over local railyard
A devastating trainyard fire in Quebec is again raising questions about the safety of the central railyard in Medicine Hat.
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Rail v. Pipelines: No Safe Bet for Oil
The Canadian government said it was committed to a safe rail transit network following a weekend derailment in a Quebec town near the border with Maine. At least five people were killed Saturday when a train carrying crude oil from North Dakota slipped the track and exploded in Lac-Megantic. The federal government said it was in charge of the investigation, though it was unclear what initially led to the incident. Oil deliveries by rail have increased along with North American crude oil production. In a tit-for-tat season of pipeline and rail incidents, it’s becoming clear there are no clear-cut winners for crude oil transit.
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Nova settles concerns over rail yard expansion
Concerns about the impact of Nova Chemicals Corp. expanding the rail facilities at its Joffre complex appear to have been addressed.
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