Trans Mountain Boosts Oil Production

This is a Alberta news story, published by calgaryherald, that relates primarily to Jon McKenzie news.

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Western Canadian heavy oil

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western Canadian oil

calgaryherald

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Varcoe: 'A nation-building project' — As oil producers tout TMX startup, attention turns to LNG Canada's debut

Summary

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73% Informative

Canadian Natural Resources reports record oil output topped one million barrels per day (bpd) in the third quarter .

Trans Mountain expansion, which ships oil from Alberta to the B.C. coast, will increase its shipping capacity on TMX by 75,000 bpd to reach 169,000 .

Cenovus Energy CEO Jon McKenzie also touted the benefits of TMX as the integrated producer moved to increase output from its oilsands operations.

Precision Drilling CEO Kevin Neveu says he was surprised by producers moving swiftly to add rigs after TMX offered additional egress out of Western Canada .

“They were comfortable there wasn’t going to be a lot of swings in the price. And I think that just gave them the signal they needed to get rigs added,” he says.

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Informative language

Neutral language

Article tone

formal

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English

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not offensive

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not hateful