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Project Updates- Presented by Business, Marketing and Transportation
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2018-03-08
When: March 8-2018
3:00-6:00 pm
Where: Calgary Petroleum Club- McMurray Room
319 5th Avenue SW
Calgary, Alberta  T2P 0L6
Canada
Contact: Jill Sugars
403-269-1755 ext 300

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 Please join us for some project updates. 

 

TransCanada’s Keystone XL Pipeline Project

TransCanada is proposing to construct the 2,000 km Keystone XL Pipeline project from Hardisty, Alberta to Steele City, Nebraska, where it will connect into the existing Keystone Pipeline system to provide safe and direct access to the world’s largest heavy crude refining market in the U.S. Gulf Coast.  The US$8 billion project is intended to transport up to 830,000 barrels of crude oil per day and will be constructed over a period of approximately two years.  Keystone XL will have significant benefits for Canada and the U.S., including the generation of an estimated $3.4 billion in additional gross domestic product for the U.S. economy and the potential to reduce North American greenhouse gas emissions by up to 19 million metric tons (compared to shipping by rail).  By improving takeaway capacity and increasing low cost transportation for Western Canadian crude oil to the U.S. Gulf Coast, Keystone XL will improve the pricing producers receive for their product, thereby improving the competitiveness of this important segment of the Canadian economy.

 

Oliver Youzwishen, P. Eng – Manager Major Projects Business Development, TransCanada Liquids Pipelines

Oliver is a professional engineer having graduated with degrees in civil and structural engineering from the University of Alberta in 1998 and 2001. He has worked in various technical and managerial capacities in the upstream and pipeline segments of the petroleum industry, with Imperial Oil, Cimarron Engineering, Kinder Morgan Canada and TransCanada. He joined TransCanada in 2008 in a business development role in the company’s oil pipeline business and currently manages business development activities for major projects such as Keystone XL, as part of TransCanada’s Liquids Pipelines business unit.

 

Suncor Fort Hills Update

Fort Hills has just begun operation in 2018. The combined Teck/Total/Suncor asset utilizes unique technology which allow mined bitumen assets to get to market in a highly competitive industry. We will be covering the project and it’s principals involved in bitumen primary and secondary extraction, the value added benefits of this Paraffinic Froth Treatment (PFT) process, and the resulting netback and refining value benefits for this unique dilbit. We will also be reviewing the fundamentals behind the naming of the new FRB commodity (Fort Hills Reduced Carbon Life Cycle Blend).

 

Randy Segato 

As the primary lead in Suncor on Crude Oil Quality, Randy manages the Suncor Crude Quality processes governing our four Refineries, current and future Oil Sands developments, Syncrude and Fort Hills assets, as well as developments in North America marketing and offshore East Coast/North Sea crudes. Randy is also involved with developing field of Life Cycle Analysis of Crude oils. Randy represents Suncor on Industry Associations (CAPP, CCQTA, COQA). As an expert with over 30 years in the Oil Industry (Refining, Crude and Products Trading, Crude Marketing and Logistics) Randy leads industry work in Crude Oil and Diluent Specifications, Crude Oil quality pooling, logistics and valuations, and Refinery process ability. Randy holds many titles including President of the Canadian Crude Quality Technical Association (CCQTA), Director on the Crude Oil Quality Association (COQA) in the US, and is the Chairman of the Crude Monitor Program under the  Industry Technical Committee (ITC).

 

 

 

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