This excerpt if from a report that is available to subscribers of Stratas Advisors’ North America and North American Oil services.
• We had two updates related to crude and condensate infrastructure projects in the PADD I region. Both projects were completion announcements.
• PADD II had five projects related to crude oil infrastructure and two projects related to crude oil processing.
• PADD III had a total of 20 projects. Twelve of the 20 projects were related to crude oil pipeline infrastructure, five were related to crude oil storage and three were related to liquids logistics infrastructure projects.
• PADD IV only had two project announcements.
• The West Canadian region yielded four project updates. Two of the four updates were from the Canadian government. The government approved Kinder Morgan Inc.’s proposal to more than double the capacity of its Trans Mountain pipeline at the same time vetoed Enbridge Inc.’s proposed Northern Gateway line, which would have taken crude from Alberta's oil sands to the Pacific Coast.
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