Tag Archives: oil production

Fraser Institute News Release: Lack of pipelines will cost Canada $15.8 billion this year

A shortage of pipeline capacity is driving down the price of Canadian oil and will cost the country’s energy sector CAD$15.8 billion in lost revenues this year, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Without adequate pipelines to tidewater ports,…

The Oil Story – Moving the province’s oil via rail – Pt. 2

The allure of rail The aforementioned CAPP report identifies several beneficial reasons to transport crude oil by rail, aside from the “constrained pipeline capacity” situation that currently exists. Additional advantages include: Speed to market: Getting oil to the refinery more quickly means producers are paid sooner and refiners get feedstock…

Saskatchewan Government Delivering New Tool – IRIS to benefit oil companies

Don’t let it be said that the Saskatchewan government isn’t interested in servicing its growing oil and gas industry. Thanks to the Process Renewal and Infrastructure Management Enhancements (PRIME) program, which started back in 2009, the province’s oil and gas companies are about to see some significant changes to how…