Monday, February 22, 2016

Recently Shelved Projects

Flashback! from 2013:

Tue Aug 20, 2013 12:07am EDT via Reuters

Oil-by-rail pioneer U.S. Development Group cashing up, not out

Emboldened by the early success, the company ramped up its 

investments in the crude-by-rail business, reckoning - wrongly - that 

the best bet would be in Canada, where producers were grappling 

with how to ship viscous oil sands by pipeline.

"The timing was not right. They were all about Keystone and 

pipeline growth," he said of early talks with producers.

Instead, USD built a receiving terminal in St. James, Louisiana, 

the trading point for the Gulf Coast's main light, sweet crude, 

eventually expanding it to one of the country's biggest, capable of 

unloading two unit trains at 130,000 bpd.

It went on to build up a stake in nearly every major shale play, 

including North Dakota, where it helped to break BNSF's early 

advantage, and Colorado's Niobrara and Texas' Eagle Ford.

It was a good bet because the volume of U.S. crude oil shipped by 

rail has surged from next to nothing in 2010 to as much as 750,000 

barrels per day (bpd), equivalent to about a tenth of the country's 

production. Total U.S. oil production has reached the highest in 

over two decades.
The company's latest foray is into the crude-by-rail business 
in Hardisty, Alberta, where together with Gibson Energy Inc 
(GEI.TO)  USD will build one of three terminals capable of 
handling unit trains. 

USD is the company that is proposing a 
Crude Oil terminal near Bowerman Basin.

USD Group withdraws proposal to expand Alberta oil-by-rail facility

Planned US coal ports: 

a swift trip from vital 

to irrelevant

Port projects in permitting phase in the US Pacific northwest

Three short years ago, the conventional wisdom was both that growing thermal coal demand in Asia couldn’t be met by regional suppliers, and that low-cost coal from the US would fill the breech. Several new coal ports, notably in Oregon and Washington, were already in the early stages of permit approval, hoping to help fill this void.
 The intervening three years have made clear what a miscalculation this was. Opposition to the major projects – Gateway Pacific, Millennium and Port Morrow – has been effective, led by a broad coalition of environmental groups, tribal nations and local and national governments . But as challenging  as this was for port developers, the larger problem has been economic.

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