Post Tagged with: "transport"

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

From Reuters Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network. Canadian Natural’s letter to the National Energy Board (NEB), filed late on Monday, calls on the regulator to delay Enbridge’s proposal to switch to long-term, fixed-volume contracts on 90% of the Mainline. ConocoPhillips Canada, a unit of the U.S. oil major, also wrote to the NEB on Monday asking for the process to be delayed because of the “avoidable uncertainty” it created for Canadian producers. Suncor Energy Inc, MEG Energy Corp, Royal Dutch Shell Plc, Japan Canada Oil Sands Ltd (JACOS) and the Explorers and Producers Association of Canada previously wrote to the regulator expressing concerns about the planned changes. Enbridge launched a two-month open season on Aug. 2 to solicit bids for[Read More…]

Driverless Trucks Will Reduce Labor Costs, Move toward Cure for Driver Shortage

Driverless Trucks Will Reduce Labor Costs, Move toward Cure for Driver Shortage

  USPS Testing Series of 1,000-Mile Mail Hauling Trips From CCJ The United States Postal Service (USPS) has contracted with autonomous truck startup TuSimple on a series of 1,000-plus mile trips, hauling mail between the Postal Service’s Phoenix, Ariz. and Dallas, Texas distribution centers. Equipped with a network of lidar, radar and cameras that enable SAE Level 4 autonomous driving, each truck will also have a safety engineer and driver on board to monitor vehicle performance and to ensure public safety for the duration of the five round trip, two-week pilot test that kicks off today. TuSimple Head of Business Development Vivian Sun says teams of drivers will also be staged along the routes for coordinated swaps so all drivers remain Hours of Service (HOS) compliant. Even though the human are not actively driving the trucks once they reach the highway they are still subject to HOS regulations, including maximum daily driving times[Read More…]

May 31, 2019 - 4:06 pm Closing Bell Story, Energy News, Transportation
Anatomy of a Breakdown: How a New Company Managed All ‘Touch Points’

Anatomy of a Breakdown: How a New Company Managed All ‘Touch Points’

From CCJ When Jeff St. Pierre’s search for a national provider for towing services turned up empty, he decided to start his own company, The Towing Network (TTN), in 2009. The business was launched from a meeting in Orlando where St. Pierre presented a plan to the owners of the nation’s 10 largest tow truck and recovery service companies. He proposed creating a network that would offer fleets the lowest prices and best quality of service. The towing companies initially rejected the idea, he says. They wanted to be the ones to decide where to broker jobs outside their own territories. “I know a guy,” was their preferred business model for a towing network. “I’m the best there is,” the owners told St. Pierre. “You should just trust me.” He’d already been down that road in his previous career as a fleet safety executive. After further discussions, St. Pierre reached[Read More…]

January 3, 2019 - 8:20 am Closing Bell Story, Energy News, Transportation
Is Driving Without Drivers the Future of Trucking?

Is Driving Without Drivers the Future of Trucking?

Freight industry battles driver turnover at 90% From CCJ With driver turnover rates bumping 90 percent last year, shippers could find only one available truck for every 12 outbound loads — the lowest ratio in 13 years, according to DAT Solutions. As carriers fight for enough humans to keep trucks moving, the evolution of automation has put truck driving in an interesting place. How much longer will a human driver be necessary? Earlier this year, San Francisco-based technology company Starsky Robotics completed a seven-mile drive in Florida without a person in the cab. The truck’s flesh-and-blood driver was stationed some 100 miles away and monitored the tractor through a network of cameras and sensors. The goal of Starsky’s platform, where a human remotely drives the truck only on and off the highway before ceding control at highway speeds, is to ease the industry’s driver shortage. The remote driver “should be monitoring the truck[Read More…]

June 4, 2018 - 10:20 am Closing Bell Story, Transportation
ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

Oil and gas investment in politically risky British Columbia Just a few days before Kinder Morgan Canada said it would halt investment and construction on the Trans Mountain pipeline expansion due to political risk in British Columbia, ConocoPhillips (ticker: COP) announced an acreage buy in British Columbia’s Montney play. ConocoPhillips Company acquired about 35,000 net acres in the Montney play for approximately $120 million. This additional acreage is adjacent to the company’s existing position in the liquids-rich portion of the Montney. All of the acreage is located in British Columbia. According to the seller, Calima Energy Limited (ticker: CE1), the acres were acquired by COP at an average cost of C$4,400/acre, and the purchased lands basically had no production, with just two Upper Montney wells drilled. Only one has been completed. ConocoPhillips now holds approximately 140 thousand net acres in the liquids-rich Montney play, with appraisal underway. Exploration and appraisal[Read More…]

Canada Needs Higher Takeaway Capacity and Lower Oil Price Differential

Canada Needs Higher Takeaway Capacity and Lower Oil Price Differential

Canada is hurting for takeaway capacity—the industry needs pipelines to take its oil and gas production to market, or more locomotive hauling capacity—or both. Cenovus Energy Inc. (ticker: CVE) said it has reduced production rates due to pipeline constraints and a lower price for Canada’s oil. Cenovus is storing excess barrels in its reservoirs due to wider than normal light-heavy price differentials, as well as the slow pace of the ramp-up in crude-by-rail export capacity in Alberta. Temporary solution: store oil in the oil sands reservoirs till pricing, takeaway options improve “When Canadian heavy oil is selling at a wide discount to West Texas Intermediate due to transportation bottlenecks, we have significant capacity to store barrels in our oil sands reservoirs to be produced and sold at a later date when pipeline capacity improves and differentials narrow,” said President and CEO Alex Pourbaix. “As a prudent response to the current[Read More…]

Source: Royal Caribbean ---    World’s 3 largest cruise ships converge off Florida Coast:  Royal Caribbean International’s Oasis of the Seas, Allure of the Seas and Harmony of the Sea meet off the coast of Florida November 4, 2016.

Natural Gas is Reducing Transport Sector Emissions at U.S. and Canadian Port Cities

New truck engine reduces NOx emissions to near zero – 90% below current limit There are a lot of trucks required to transport freight, containers and other cargo around a port. One of largest drayage trucking companies in the Ports of Los Angeles and Long Beach has begun using one of the first Cummins Westport (CWI) ISX12 G low NOx natural gas engines for trucking operations. The self-described game-changer’s exhaust emissions are 90% lower than the current EPA NOx limit of 0.2 g/bhp-hr.   Emissions from this natgas engine are ‘equivalent to a 100% battery truck using electricity from a modern combined cycle natural gas power plant’ California’s Air Resources Board has defined this certified Near Zero emissions level of 0.02 g/bhp-hr NOx as equivalent to a 100% battery truck using electricity from a modern combined cycle natural gas power plant. The ISL G NZ also meets the 2017 EPA greenhouse gas emission[Read More…]

March 24, 2017 - 2:43 pm Closing Bell Story, LNG, Oil and Gas 360 Articles, Regulatory
Encana Oil & Gas Exits DJ Basin in $900 Million Asset Sale

Encana Oil & Gas Exits DJ Basin in $900 Million Asset Sale

Expects 2015 Net Debt to be Reduced by $3.0 Billion – 50% higher than expected. Calgary-based Encana Corporation (ticker: ECA) is leaving behind its second United States shale play since August, selling its Denver Julesburg assets for $900 million. The company is just six weeks removed from selling the entirety of its Haynesville acreage for $850 million. The aggressive divestures are part of an ongoing process to strengthen its balance sheet and narrow the operational focus to its four core areas. Moving forward, ECA’s plans are centered on the Permian and Eagle Ford basins of the United States, along with the Duvernay and Montney of Alberta, Canada. The core group produced 257 MBOEPD in Q2’15 and are in line to receive 80% of ECA’s 2015 capital budget. Encana will have divested $2.7 billion worth of assets once its DJ sale is closed in Q4’15, and management it will ultimately reduce[Read More…]