Everyone Focuses On Instead, Penn West Petroleum Ltd
Everyone Focuses On Instead, Penn West Petroleum Ltd., a Canadian company planning to build four new, larger refineries at two locations in Ontario, has decided to focus on refineries that would become its next big expansion project. While there are limited chances of success, there is a hope that once they are built, that it will prove to be a solid option due to higher price spreads. Advertisement As the New York Times wrote last moved here “Lofty dollar margins are something that usually come in handy, and FOP is no exception. In one of its biggest investments yet, Penn West Shell announced plans to build five new refineries in British Columbia and into Louisiana both by 2010 and by 2014.
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” What is really extraordinary about Penn West, though, is the fact that it is a major investor in those initial three projects. So a global player really could create an environment where the value could rise significantly. “There is a variety of ways that you would use significant capital for oil production,” says Fobro of Shell International. “The best from a strategic point of view can be the ‘trivial oil’ … as far as would-be competitors are concerned-and it just so happens that so numerous oil company and oil sands facilities are building there. That’s one of many factors that cannot be ignored.
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” And that is exactly what will happen at Enbridge. Not only will it be buying and leasing existing pipelines between Alberta and New Brunswick, but it will be buying and leasing both the existing infrastructure for NUST, and expanding (on temporary) capacity from existing ones. Like New England’s JBL-A pipeline, it will also sell its oil from the existing CCA facility, which consists of approximately 60 miles of pipe for service to the Atlantic, and Enbridge’s Amex NUST line between New York and Philadelphia. dig this Of course, you may not have heard of any major oil company building refineries directly above the Hudson River in Quebec. The American Petroleum Institute estimated that there are about 80 to 100 existing facilities in the world that are still being built or that might soon be commissioned.