Case Study Of Transcanada And Irving Oil

To indroduce, "the government of Canada granted approval for the Trans Mountain Expansion Project to proceed with 157 conditions (NEB)." The project includes a lot of infomation for operating. "The project proposes to expand the existing Trans Mountain pipeline system between Edmonton, AB and Burnaby, BC ,and this project includes approximately 987 km of new pipeline ,and there is new and modified facilities such as pump stations and tanks and reactivate 193 km of existing pipeline (NEB)." Moreover, this project increases the capacity of shipping from 300,000 barrels per day to 980,000 barrels per day, which brings a lot of benefits to Canadian economy (NEB). Therefore, the approval of this project not only contains many economic benefits

The production of oil is one of Canada’s greatest assets as it brings in lots of profit but British Columbia is one the most beautiful places in the world and is a prime tourism area. This leads to the question is oil transportation right for British Columbia? Enbridge plans to build two pipelines that will carry oil from “central Alberta to coastal BC” (Alternatives Journal, 2012). Enbridge Incorporated is a company that is a main transporter of natural gas, crude oil and other liquids in Canada, as well as a major operator of pipelines in North America. Their plan is to run two 1170-kilometer pipelines across BC that will eventually be moving about 520,000 barrels of oil per day; this

The origination of this case study begins on one brisk morning back on the 19th of September in 2008 when TransCanada first submitted their application to the U.S. State Department to build the Keystone XL pipeline. The Canadian based energy infrastructure company proposed a 1,179-mile, 36-inch diameter pipeline that would transport crude oil from Canada, through Montana, South Dakota, and Nebraska. Along with transporting oil from producers in Texas, Oklahoma, Montana and North Dakota (Figure 1).

Almost 95 million barrels of oil and fuel are produced each day in order to provide energy and fuel to people the world over. A major component of the oil industry is the transportation of oil through various means including oil pipelines. These pipelines are capable of transporting thousands of barrels of oil thousands of miles per day. In the United States one possible pipeline has caused a lot of controversy and discussion on the impact it will have on the United States. The difficulty in deciding if the Keystone XL Pipeline should be built is in whether the possibility of economic growth outweighs the possibility of environmental destruction. In order to make a decision, one must first look into the history of oil pipelines. It is crucial

Proposed in the mid-2000’s, the Enbridge Northern Gateway Pipeline would send crude oil from just outside of Edmonton, Alberta to ports in Kitimat, British Columbia. From there it would be loaded onto tankers and shipped to countries in Asia. The Energy East Pipeline was proposed in 2013 and would send the oil towards New Brunswick and possibly Quebec. While theoretically this seems like an ideal way to quickly and efficiently ship large amounts of crude oil across the country to facilitate large amounts of trade and boost the economy, these pipelines have been the subject of massive controversy from a large number of groups. In this essay, I will briefly highlight the regional and national controversies, as well as backlash from interest groups and party politicians, who have opposed the pipelines for unique, broad, and irrefutable reasons.

As a way to directly link the unrefined tar-sands oil from Alberta, Canada to the refineries in Texas, there is no doubt that the Keystone XL Pipeline remains a topic of controversy. As with many large projects, there are both positive and negative consequences that result from its construction. While there are potential economic benefits like the creation of infrastructure-related jobs and a potential shift from energy dependence, there are many dangers to the building of the pipeline. The notion of building a pipeline that connects Canada and the United States for economic reasons is neither completely unjustifiable nor unreasonable, but given the current circumstances, in which ecological damage and neglect on the part of TransCanada are likely, I cannot support the building of the Keystone XL pipeline.

In June of 2010, a plan to construct a pipeline that would run from Alberta, Canada through the center of the United States, making its way to its final destinations in Nederland, Texas, and Pakota, Illinois were finally commissioned. As an energy management major at the University of Oklahoma, I was intrigued to research the Keystone Pipeline and the plans that hinge alongside it. The plan to construct the pipeline that would connect the two countries certainly began with good intentions, however many people would disagree. When viewing the plans for construction of what became known as the Keystone Pipeline, it’s apparent that there are numerous benefits that result from building the pipeline. On the other hand, some people argue that

Enbridge is Canada’s largest natural gas distribution company. Founded 61 years ago, it is the single largest transporter of crude oil and petroleum products in North America. On May 27, 2010, Enbridge submitted a regulatory application for a $5.5 billion project named Northern Gateway Project (NGP). This pipeline project consists of a twin pipeline system transporting petroleum and condensate from Bruderheim, Alberta, near Edmonton, to the marine terminals in Kitimat, British Columbia. Crude oil or petroleum is used to make gasoline, lubricants for machinery, asphalt, plastics, and many others everyday necessities.

Canada is the fifth-biggest oil producer on the planet, and has been manufacturing traditional unrefined petroleum for over a century. Canada’s oil industry delivers more than 3.6 million barrels of oil every day and is a part of the worldwide crude oil market. Crude oil stands out as the most actively traded commodity in the world. As a result of this, oil prices change day by day in light of changing conditions that influence demand and supply. Oil meets nearly 40% of Canada’s overall energy requirements through a range of products made out of refining. All things considered, refining crude oil yields the subsequent assortment of products:

The question that has arisen from this shift is whether or not the Canadian oil and gas industry inclusive of the upstream, and midstream sectors, has a net positive benefit to Canada. This essay will explore and seek to understand the myriad of issues that this industry faces daily.

Exxon and Chevron are no doubt some of the leading incorporated oil companies on the globe. Exxon Corp. is the second largest oil firm after Royal Dutch Shell, it is respected for getting the biggest revenue return in 2008 which no company in the U.S. have ever reported before. According to Wilson (2009) Chevron has managed to show a lot of profitability in the market despite the decease in its oil production. It graded as one of firms which made a billion dollars profit within a week in the period of July to September 2008. Regardless of profitability trends set by the two oil firms in the U.S. market, they have been facing financial decline like the rest of the companies in other industries. The two firms are like two sailing ships which are taking longer time to sink. In the last few years, the production capacity of Chevron and Exxon has decreased and their listings on the stock market have become weak. The continuation of construction and drilling which requires billions of dollars in expense of oil production might make them experience a bigger financial crisis (Wilson, 2009).

1. Evaluate the economics of Gulf's exploration and development program in net present value terms. How do Gulf's outlay for exploration and development compare to cash returns Gulf generates from these activities.

The Pacific Oil Company a well-established oil company with an assorted diversified product line including “Vinyl Chloride Monomer (VCM)”. (Lewicki, 2010, p. 583) As one of the pioneer producers of VCM, Pacific Oil cornered the market share for contracting, distributing and selling their niche product, VCM worldwide. One of Pacific’s longtime customers was Reliant Corporation. This partnership was more than a decade old and was strong. However, if Pacific Oil decided to further diversify its product line to include Polyvinyl Chloride (PVC) a VCM derivative, “it would not want to be in the position of supplying a product competitor with the raw materials to manufacture the product line, unless the formula price was extremely

We used two analyses methods to identify background and to evaluate information that we have.

Under the ''Alaska LNG'' project, Prudhoe Bay and Point Thomson areas became the construction site of a new 58 miles pipeline which will connect Alaska’s North Slope natural gas resources to new markets. The budget of this profitable in the future project is estimated to be $1.3 billion what is saying a lot about the relevance of the project. Such a big construction process demands wide range of transportation services. Under construction, this project will provide job opportunities for the whole transportation industry. After completion of the construction part of the project, it will generate billions of dollars in revenue that will improve economic environment in the state, and will strengthen land transportation sector, in particular pipeline