Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Energy NL upbeat on Newfoundland despite industry doubts
CEO argues the upstream potential remains huge as analysts question future oil production for Canadian province’s offshore industry
Canada’s energy superpower ambition
The new government is talking and thinking big, and there are credible reasons to believe it is more than just grandstanding
Is a Russia-Iran gas deal on the horizon?
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
Chinese teapots bag cheap crude
Canadian and Iranian barrels being snapped up by China’s smaller refineries amid weaker domestic demand
M&A activity likely to slow in Canada
After a recent surge led to 2024 consolidation matching that of previous years, there is less optimism the feat will be repeated in 2025
Aramco and ADNOC diverge on big petchems bet
The NOCs are both looking to take advantage of the petrochemicals boom, with the Saudi firm snapping up stakes in Asian JVs tied to offtake agreements and its Emirati counterpart striking big M&A deals
Turning potential into reality in Iraq
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
Regional visions in Iraq
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
Untangling Dangote’s supply
The Nigerian mega-refinery has yet to reach its full product-producing potential
Uganda must solve three-piece oil puzzle in 2025
Energy minister says country is delaying first oil production until pipeline and refinery are ready
A pipe yard servicing government-owned oil pipeline operator Trans Mountain
Canada Midstream
Vincent Lauerman
Calgary
16 October 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

The Trans Mountain fiasco

A recent decision by Canada’s energy regulator will see the pipeline’s expansion project avoid yet more additional costs, but it remains blighted by poor economics

Calgary-based Trans Mountain Corp. (TMC) received a rare bit of good news for its troubled Trans Mountain Expansion (TMX) oil pipeline project when the Canada Energy Regulator (CER) ruled in its favour on a re-routing dispute with a British Columbia First Nation in late September. Had the CER not agreed to a minor modification to TMX’s pipeline route in Indigenous territory, it would have added C$86m ($63m) in construction costs to its already bloated budget and pushed the in-service date back yet another nine months, to December 2024. Each month the in-service date is delayed leads to “roughly $200m in lost revenues and roughly $190m in carrying charges”, TMC said in its filing to the regul

Also in this section
Sverdrup keeps on giving
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
Australia gas security faces fitness test
11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
Nigeria bullish about oil recovery
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search