Yahoo NewsShale Oil Growth in U.S. Hurts Canadians as Well as OPECBloombergOPEC isn't the only victim of the growth in U.S. shale oil. A surge of light oil from North Dakota and Texas is cutting into the earnings of Canadians who turn heavy oil sands into a lighter crude that fetches more from refiners. Producers in Alberta ...Oil price drop will 'shock' Canada economy: forecastAlberta One Of Hardest Hit By Lower Oil PricesCanadian oil sands producers stay defiant in face...

Executives at the event hailed the route as a step toward North American energy independence.

President Obama is correct when he says there are few US jobs created by Keystone XL and that it provides little energy security or economic benefit for the US which shoulders much of the environmental risk. Gasoline in the US is currently averaging around U$2.30/gal and in some areas is going for less than U$2/gal. That removes much of the need and justification for Americans to approve the Keystone XL pipeline as it is hard to imagine Keystone XL driving...

Enbridge Inc. has announced it will build an offshore crude oil pipeline extending to Hess Corporation's Stampede Gulf of Mexico project.

How low can oil go? - Fortune

Published - Jan 6, 2015

FortuneHow low can oil go?FortuneEdward Morse, global head of commodities research at Citigroup, argues in a research note to clients published Sunday that we've probably already reached a market bottom and that oil prices will begin to rise in the latter half of the year as producers ...

Houston ChronicleEnbridge oil facility in North Dakota catches fire; damage unclearYahoo NewsWILLISTON, N.D. (Reuters) - An Enbridge Inc crude oil storage and pipeline facility just south of Williston, N.D., has caught fire, eyewitnesses said. The facility serves as a key gathering and distribution hub for crude oil produced in North Dakota ...Low oil prices could spur shale deals2014's Falling Oil Prices Hit Close To HomeLow Prices Lead To Layoffs In The Oil Patch

BloombergCanadian Oil Surge to U.S. Gulf Puts Mexico on DefensiveBloombergNew pipelines and rail terminals enabled more Canadian oil to head south to higher-value markets, partially offsetting a 48 percent collapse in global prices since June as the Organization of Petroleum Exporting Countries refused to cut production to ...

A settlement over a 2010 oil spill in southwestern Michigan is worth $6.25 million, not $6.75 million as lawyers reported earlier in December.

The company has estimated cleanup costs to be about $1.2 billion, including $227 million on environmental consultants.

Enbridge Inc. says there has been a spill of an estimated 1,350 barrels of oil from its Line 4 pipeline at the Regina Terminal in Saskatchewan. "Nearby residents and businesses may detect a faint odour," it said, but added that air monitoring has shown "levels are well within safety limits."

The 796,000 barrel-a-day pipe carries heavy, medium and light sour crude from Edmonton, Alberta, to Superior, Wisconsin.

See the faces behind companies that together were worth $868 billion in 2014.