It warned in December that it expected to take a hit of between $900-million and $1.2-billion on the assets. Imperial Oil, fearing Line 5 pipeline shutdown, prepares contingency plans 02 Feb, 22:19, The Globe and Mail • Expandir. Imperial Oil Limited (IMO) Q4 ... chain for Kearl in just a few days following the shutdown of the player's pipeline. While Imperial also had its highest quarterly upstream production in 30 years, driven by record production at its Kearl oil sands facility in Alberta, Mr. Corson warned that the COVID-19 pandemic continues to hamper demand. Oil Spill Contingency Planning Our experienced personnel help clients to plan effective and efficient oil spill response measures in line with regulatory requirements and to mitigate business risk. This is a space where subscribers can engage with each other and Globe staff. Oil and gas companies are making contingency plans in case Line 5 is shut down. Readers can also interact with The Globe on Facebook and Twitter . Ensure that this National Oil Spill Contingency Plan set out to provide for a coordinated response action in minimizing the detrimental effects of oil spills on land and at sea is implemented, regularly updated and rehearsed; 3. 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Imperial Oil, fearing Line 5 pipeline shutdown, prepares contingency plans. All offshore field developments are dependent on pipelines. This is a space where subscribers can engage with each other and Globe staff. It’s a critical piece of infrastructure for numerous oil companies, including Imperial, which uses it to supply its Ontario refineries in Sarnia and Nanticoke. NATIONAL OIL SPILL DISASTER CONTINGENCY PLAN DIG AA Hebbar, TM Director (Environment), Coast Guard Headquarters Introduction • First promulgated in July 1996 • Updated in 1998, 1999, 2000, 2002 and 2006 • Originally designed for responding to oil spills Your time is valuable. This translation has been automatically generated and has not been verified for accuracy. Mr. Corson said the decision to put the assets on the backburner reflects Imperial’s plan to focus capital spending on high-return projects in its existing oil sands assets “and only the most attractive portions of our unconventional portfolio.”. You must log in to see the rest of this article. “With Line 5, we believe shutdown is a very low probability event,” chimed in Suncor CEO Mark … Welcome to The Globe and Mail’s comment community. While both companies say there's a low probability of shutdown, they're preparing. Imperial Oil, fearing Line 5 pipeline shutdown, prepares contingency plans By Emma Graney theglobeandmail.com — Imperial Oil Ltd. is preparing contingency plans to transport its crude from Western Canada to refineries in Ontario should the Michigan government get its way and close down the Enbridge Inc. Line 5 pipeline under the Great Lakes. Imperial also has plans ready in case the pipeline is shut down, although Corson views that as a “low probability” event. The ruling comes after the judge granted the Michigan attorney general's motion for a temporary restraining order last Thursday, requiring Enbridge to halt Line 5 operations. Please log in to listen to this story. "While we think a shutdown of that pipeline is a very low probability, we are developing appropriate contingency plans that would allow us to supply our refineries in Ontario," said Imperial CEO Brad Corson, adding those delivery methods may include use of the St. Lawrence Seaway, other pipelines and rail. © Copyright 2021 The Globe and Mail Inc. All rights reserved. At The Maritimes Energy Association, we promote the vibrant, diverse Canadian East Coast energy industry and the local supply chain that supports it in a changing global environment. Imperial Oil, fearing Line 5 pipeline shutdown, prepares contingency plans Imperial Oil Ltd. is preparing contingency plans to transport its crude from Western Canada to refineries in Ontario should the Michigan government get its way and close down the Enbridge Inc. Line 5 pipeline under the Great Lakes. If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Calgary-based Imperial is 69.6-per-cent owned by U.S. energy giant ExxonMobil Corp., which Monday night announced it has created a division to commercialize its technology that helps reduce carbon emissions. Réunion has developed a 1.5 SUSTAINABLE PIPELINE DEVELOPMENT In the meantime, he said, Imperial’s focus is on reducing the greenhouse gas intensity of its operations, including hitting its goal of a 10-per-cent reduction by 2023. Appoint Incident Command Staff comprising GORTT personnel, including a National Controller and “Fortunately for us, we do see enough other options that we don’t feel like this will cause us any constraints, but nonetheless we prefer to maximize flexibility,” he said. The Enbridge pipeline carries oil from Western Canada through Great Lakes states to Ontario, where much of the crude is turned into gasoline and other fuels before the remainder is shipped via another pipeline to Quebec refineries. We hope to have this fixed soon. Imperial Oil, fearing Line 5 pipeline shutdown, prepares contingency plans The Globe and Mail 11:33 3-Feb-21. Line 5 became the centre of a political battle after Michigan Governor Gretchen Whitmer announced she would revoke an easement granted in 1953 that allows the pipeline to cross the Straits of Mackinac – which connect Lake Michigan and Lake Huron – citing the risk of an oil spill. Canadian oil firm’s consultant sparks controversy by attacking African environmentalists. After massive writedown, Imperial Oil says no big projects in coming years. Suncor says it would rely on its other pipeline to feed Quebec refineries. PIPELINE DEVELOPMENT PLAN. That means: If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour. Those plans…. 1.1 AIM OF THE OIL SPILL CONTINGENCY PLAN The aim of this Oil Spill Contingency Plan (OSCP) is to describe the procedures that will be used by the British Antarctic Survey (BAS) to enable a timely, effective and coordinated response effort in the event of an oil spill at Signy Research Station, Signy Island, South Orkney Islands, Antarctica. Imperial Oil Ltd. is preparing contingency plans to transport its crude from Western Canada to refineries in Ontario should the Michigan government get its way and close down the Enbridge Inc. Line 5 pipeline under the Great Lakes. A GUIDE TO CONTINGENCY PLANNING FOR OIL SPILLS ON WATER 5 THE TIERED RESPONSE The size, location and timing of an oil spill are unpredictable. The federal and provincial governments, along with the Canadian oil industry, oppose Michigan’s order that Line 5 stop operating by May 12 — something Enbridge has said isn’t within the state’s authority to dictate. Article by Emma Graney, The Globe and Mail, Imperial Oil Ltd. is preparing contingency plans to transport its crude from Western Canada to refineries in Ontario should the Michigan government get its way and close down the Enbridge Inc. Line 5 pipeline under the Great Lakes. “While we think a shutdown of that pipeline is a very low probability, we are developing appropriate contingency plans that would allow us to supply our refineries in Ontario,” said Imperial CEO Brad Corson, adding those delivery methods may include use of the St. Lawrence Seaway, other pipelines and rail. Oil pipeline opponents have been galvanized by new U.S. President Joe Biden revoking a key permit for the Keystone XL pipeline on his first day in office – a decision Mr. Corson called “very, very disappointing for the industry” and Canada as a whole. Read our. Thank you for your patience. They can also arise from Sign up today. Imperial chief executive officer Brad Corson told an investor call Tuesday he thinks there is a “very low probability” that Line 5 will be shut down, but the company is keeping a close eye on developments south of the border. For example, our Sarnia Products Pipeline transports gasoline, diesel and a significant portion of jet fuel to Toronto Pearson Airport - keeping people, goods and services moving across the Greater Toronto and Hamilton Area. He said Imperial is developing plans to transport crude to the refineries “through the seaway, as well as other pipelines and rail alternatives that are available.”. 1.1.6 The first intergovernmental meeting of the South Asian Seas Programme was held in Those plans include moving the oil in ships on the lakes, through other pipelines or via railcars. Welcome to The Globe and Mail’s comment community. Related posts Blockchain OS “Glitch” Offers Technology to Boost DeFi Sector – Cointelegraph 08.05.2021 Renewable energy to grow much faster than oil industry expects, says Rystad – Reuters 08.05.2021 (Reuters) – Imperial Oil said on Wednesday it had halted all production at its 220,000 barrels per day Kearl oil sands site in Canada due to […] While Imperial is ensuring it has “adequate contingency plans in place,” Mr. Corson’s optimism about the future of Line 5 was bolstered Friday when Michigan’s environment department approved some of the permits needed for Enbridge to build a tunnel to house a replacement pipeline. Avoid the use of toxic and offensive language. Imperial reported a loss of $1.15-billion for its fourth-quarter Tuesday as it took a $1.17-billion non-cash charge on some natural gas assets it doesn’t think it will ever develop. Imperial, Suncor make contingency plans despite ‘low probability’ of Line 5 shutdown February 11, 2021 February 11, 2021 by The Canadian Press CALGARY — Less than a month after U.S. President Joe Biden nixed the Keystone XL pipeline as part of a sweeping climate plan, another pipeline with implications for Canada is in the crosshairs of a U.S. politician. I'm a print subscriber, link to my account, Read more about following topics and authors. Contingency planning critical to maintaining pipeline operations. Comments that violate our community guidelines will not be posted. Oil spill contingency planning is the process of developing a suitable spill response capability that is in compliance with the local regulatory framework and commensurate with the oil spill risks of an organization or facility. Oil spill contingency plans are a legal requirement for operations in the offshore oil and gas industry, vessel operations in ports and harbours and the international shipping sector. Imperial, Suncor make contingency plans despite 'low probability' of Line 5 shutdown Click here to subscribe. Also available in French and Mandarin. "With Line 5, we believe shutdown is a very low probability event," chimed in Suncor CEO Mark … Imperial Oil reports $1.15B loss on writedown, sees pandemic-related fuel demand cut Global News 22:57 2-Feb-21. We aim to create a safe and valuable space for discussion and debate. Audio for this article is not available at this time. The Enbridge pipeline is a critical piece of infrastructure for numerous oil companies, including Imperial Follow topics and authors relevant to your reading interests. Edgar Keijser of Oil States Industries told participants at the ninth annual Offshore West Africa conference in Nigeria, "Pipeline failures do happen," and the best way to deal with them is to be prepared. Brookfield sells Enwave to Teachers, other investors CALGARY - Less than a month after U.S. President Joe Biden nixed the Keystone XL pipeline as part of a sweeping climate plan, another pipeline with implications for … Annex 5 contains the executive summary of the study. The new MPP24 pipeline and two other line sections are now complete, but the two accumulator terminals (TM1 and TM2) are still to be completed and commissioned. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. 351 King Street East, Suite 1600, Toronto, ON Canada, M5A 0N1, var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o? 1.1.5 “The Action Plan identified” development and implementation of National and Regional Oil Spill Contingency Planning, as one of the four priority activities, which are required to be developed for implementation under the plan. Imperial braves Canadian price slump with new $2.6 billion oilsands project ; However, there could be fresh problems for a Canadian export pipeline following the U.S. midterm elections Tuesday after Gretchen Whitmer, a Democrat who has vowed to shut down a critical Enbridge pipeline called Line 5, won the Michigan governor’s race. Full Disclaimer. Imperial Oil, fearing Line 5 pipeline shutdown, prepares contingency plans. Spills can arise from oil loading, unloading or pipeline operations, and from a collision or grounding of vessels carrying crude oil and products in local ports or coastal waters. “We have this Portland–Montreal pipeline, which we now own exclusively, that allows us to bring waterborne crude into Montreal,” Suncor CEO Mark Little told an earnings call. The federal government and several provinces are pressing the United States to try and avoid the ordered May shutdown of the pipeline, with the Canadian Chamber of Commerce warning of significant disruption to fuel supplies to Canada’s two most populous provinces if Line 5 ceases operation this spring. Imperial Oil, fearing Line 5 pipeline shutdown, prepares contingency plans 02 Feb, 22:19, The Globe and Mail • 확대 The Enbridge pipeline is a critical piece of infrastructure for … The company’s total revenue and other income amounted to $6.03-billion in the fourth quarter, down from $8.12-billion a year earlier. Michigan approves one permit for Enbridge Line 5 tunnel crossing Great Lakes channel. 10 stocks we like better than Imperial Oil ... we have put contingency plans in place to address a scenario of a Line five shutdown and we continue to refresh those scenarios. UPDATED: Read our community guidelines here. Imperial Oil says its planning to get crude to refineries using ships, railcars or other pipelines. This continued uncertainty makes it difficult to forecast refinery utilization in the near term,” he said. Built in the early 1950s, Enbridge’s Line 5 pipeline ships 540,000 barrels of oil and natural gas liquids from Western Canada to refineries in Ontario, Quebec and the U.S. Pipelines help them flow in and out of our refineries in a safe, environmentally friendly way – from the well to the customer. Mr. Corson said Tuesday that Imperial will discuss over the coming months how its Canadian operations may fit into ExxonMobil’s goals. Non-subscribers can read and sort comments but will not be able to engage with them in any way. We aim to have all comments reviewed in a timely manner. “We’re now seeing the impact of new community lockdowns in certain parts of Canada, particularly Ontario and Quebec. Imperial Oil, fearing Line 5 pipeline shutdown, prepares contingency plans Article by Emma Graney, The Globe and Mail Imperial Oil Ltd. is preparing contingency plans to transport its crude from Western Canada to refineries in Ontario should the Michigan government get its way and close down the Enbridge Inc. Line 5 pipeline under the Great Lakes. 2. The region as a whole lacks legislation, equipment and a plan to confront an oil spill emergency, although Seychelles, Mauritius and Réunion have ratified some international conventions and have developed national oil spill contingency plans (still untested). And Sarnia This Week reports that Suncor has increased its stake in the Portland–Montreal pipeline, which it will use “to import oil from Maine to Quebec and Ontario” if Line 5 is closed. 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