Canada’s Alberta Eyes Investment in Japan’s Refining to Boost Oil Exports, Sources Say

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Canada’s main oil-producing province of Alberta is considering a financial investment in Japan’s refining sector, two sources familiar with the matter said, an attempt to reduce its overwhelming dependence on top trade partner the United States for oil exports. Alberta’s government is in early-stage talks with several Japanese crude oil refiners to explore …

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EPIC Crude Pipeline Owners Explore $3 Billion Sale, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines, US News / By

(Reuters) – The owners of the EPIC Crude pipeline are exploring a sale, with any deal likely to value the energy infrastructure at around $3 billion including debt, people familiar with the matter said. EPIC Crude is one of the major pipelines which brings oil from the Permian and Eagle Ford shale basins of Texas …

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BP’s Refinery in Whiting, Indiana, Expected to be Fully Operational in Next 24-48 Hours, IIR Says

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

BP’s 440,000-bpd refinery in Whiting, Indiana, is expected to be fully operational in the next 24 to 48 hours, industry monitor IIR said on Monday. The refinery experienced operational upsets last week due to flooding caused by a severe thunderstorm that swept through the state. BP declined to comment on the refinery’s restart timeline. The …

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Brokerages Cheer Cenovus’ C$7.9 Billion Deal for MEG Energy

CDN and International News, Energy Topics & Technology, Latest, Mergers and Acquisitions / By

(Reuters) – Brokerages welcome Cenovus Energy’s C$7.9 billion ($5.72 billion) cash-and-stock deal to acquire peer MEG Energy Gerdes Energy Research raises PT on CVE by C$2 to C$32, a premium of 51.2% to stock’s closing price on Friday The deal will give “an approximate 6% improvement in oil sands capital intensity,” Gerdes said Brokerage Desjardins …

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