Oil and Gas Oil and Gas Storage

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  • July 26- An oil spill into a major Canadian river from a Husky Energy Inc pipeline started last Wednesday evening and crews did not arrive on site until the following morning, the company said on Tuesday. Husky's incident report, released by the Saskatchewan government, said the leak into the North Saskatchewan River was discovered on June 20 at 8 p.m. local time in...

  • Heavy oil and diluent leaked from a 19- year-old pipeline in Husky's Saskatchewan Gathering System on Thursday, flowing into the North Saskatchewan River, which supplies water to several communities in the western Canadian province. The northern part of the system will remain down until Husky has "dealt with the crisis at hand," said Husky executive Al Pate,...

  • July 25- An oil leak from a Husky Energy Inc pipeline into a major Canadian river has forced a second city in the province of Saskatchewan to stop drawing drinking water, officials said on Monday, widening the impact and cost of the spill. The heavy oil and diluent leaked from Husky's Saskatchewan Gathering System pipeline on Thursday, flowing into the North...

  • July 25- An oil spill by Husky Energy Inc into a major Canadian river reached the city of Prince Albert, Saskatchewan on Monday, hours earlier than expected, as workers there raced to stretch a 30- kilometre hose to draw drinking water from another source. The heavy oil and diluent leaked from Husky's Saskatchewan Gathering System pipeline on Thursday, flowing...

  • In a telephone conference with reporters, officials from the province of Saskatchewan said they had built five booms to contain the spill and were working with Husky and the federal government on a cleanup plan. The oil plume had passed the village of Maymont, more than 100 km downstream from where the spill started, said Wes Kotyk, executive director of...

  • July 24- Authorities have recovered at least 40 percent of the 1,572 barrels of oil that leaked into a major western Canadian river, but the spill is still moving downstream and threatening the drinking water of riverside communities, officials said on Sunday. The heavy oil and diluent leaked from Husky Energy Inc's Saskatchewan Gathering System pipeline on...

  • The city of North Battleford, which draws its drinking water in part from the North Saskatchewan River, shut its supply intake on Friday and switched to using ground water, provincial officials said in a telephone conference with reporters. Water levels rose on Friday, pushing debris into the booms upstream from North Battleford, a city of 14,000, and the oil...

  • July 22- Efforts to contain an oil spill in a major western Canadian river faced a setback on Friday, after water levels rose, allowing the oil to flow past containment booms and downstream toward a small Saskatchewan city, provincial officials said. The city of North Battleford, which draws its drinking water from the North Saskatchewan River, shut off its supply...

  • The company said late on Thursday it shut and isolated a pipeline on its Saskatchewan Gathering System, after roughly 200,000 to 250,000 liters of heavy oil and diluent spilled from the line, running into the North Saskatchewan River. The Saskatchewan government hopes that a boom in the river will seal the spill downstream near the village of Paynton, where the...

  • The company said late on Thursday it shut and isolated a pipeline on its Saskatchewan Gathering System, after roughly 200,000 to 250,000 liters of heavy oil and diluent spilled from the line, running into the North Saskatchewan River. The Saskatchewan Gathering System runs from Husky's heavy oil operations east of Lloydminster to facilities in that city,...

  • LONDON, July 22- Crude futures remained on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • LONDON, July 22- Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • LONDON, July 22- Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • *Saudi Arabia, Kuwait ahead of Iran in sales to teapots. SINGAPORE/ BEIJING, July 18- An Iranian crude cargo loaded by trading house Trafigura is set to arrive in east China this week, heating up the race among oil suppliers to meet the rise in demand for imports from China's independent refineries, trade sources said. Now, Iran is eyeing the new group of Chinese buyers,...

  • TORONTO, July 12- Wolf Infrastructure, a midstream oil and gas firm backed by the Canada Pension Plan Investment Board, is close to buying Devon Energy Corp's 50 percent stake in the Access Pipeline in Western Canada, Bloomberg reported on Tuesday. Teine Energy, a Saskatchewan- focused energy producer in which CPPIB holds a 77 percent stake, acquired assets from...

  • PG&E discovered the small leaks during an inspection the state required of gas storage operators after the massive leak discovered in October from Southern California Gas' Aliso Canyon storage facility in the San Fernando Valley in Los Angeles. SoCalGas has said it hopes to have Aliso Canyon, the biggest gas storage facility in California, partially back in...

  • *Britain's storage capacity very low. MILAN/ LONDON July 8- Britain faces a growing risk of spikes in wholesale gas prices as aging storage facilities mean increased maintenance and greater reliance on imports to meet spot demand. It is hard to expect that it will get better, "said Energy Aspects analyst Trevor Sikorksi.

  • Workers secure drilling pipe sections on an oil drilling tower

    Huge stockpiles of fuel and teeming strategic Chinese crude inventories could send oil prices on one last, ugly slide lower, analysts tell CNBC.

  • *Europe "best place" for a slowdown that doesn't hit energy-Citi. *Oil refining hubs shift outside Europe. "GDP in the UK and Europe is not energy intensive, and indeed oil demand has been in decline since 2007," Jefferies analysts wrote in a note.

  • *Europe "best place" for a slowdown that doesn't hit energy-Citi. *Oil refining hubs shift outside Europe. "GDP in the UK and Europe is not energy intensive, and indeed oil demand has been in decline since 2007," Jefferies analysts wrote in a note.