ADVFN - Advanced Financial Network.
HOME» NYSE » E » XOM Stock Price » XOM Stock News

Exxon Mobil Share News

 Exxon Mobil Corp. Stock Price
XOM Stock Price
 Exxon Mobil Corp. Stock Chart
XOM Stock Chart
 Exxon Mobil Corp. Stock News
XOM Stock News
 Exxon Mobil Corp. Company Information
XOM Company Information
 Exxon Mobil Corp. Stock Trades
XOM Stock Trades

Canada Regulator to Hold Public Hearings on Kinder Morgan Pipeline Expansion

By Paul Vieira Canada's main energy regulator said Wednesday it will hold public hearings into Kinder Morgan Energy Partners L.P.'s planned expansion of a pipeline that carries crude from the Alberta oil sands to Canada's Pacific Coast. The regulator plans to issue a recommendation on the project's future no later than early July 2015. The $5.4 billion Trans Mountain expansion is one of a number of proposed projects that would ease the bottlenecks Canadian oil producers face in getting their product to market. The expansion is among the most eagerly awaited since it accesses a West Coast port and would help Canada diversify its energy markets beyond the U.S. The National Energy Board said it would first hear evidence from aboriginal groups, beginning this August. Public oral hearings will start in January next year. The regulator will make its assessment on the expansion "based on the evidence presented before the board," Sarah Kiley, a spokeswoman for the NEB, said during a conference call. The regulator identified 12 issues its review would focus on, among them the impact on the environment; effects on marine shipping; aboriginal interests; and contingency planning for spills and accidents. Aboriginal and environmental groups have vowed to block the expansion, citing the risk of a spill and the need to curb development of the Alberta oil sands. Kinder Morgan has said up to 34 oil tankers a month will be needed to ship oil from the expanded pipeline, up from just six a month currently. Much of that additional supply will be shipped to markets in Asia. In December, Kinder Morgan's Canadian unit filed a 15,000-page application with the NEB to nearly triple the size of the Trans Mountain line that already carries crude from the landlocked Alberta oil sands to the Pacific Coast. The plan would boost the capacity of the existing pipeline to 890,000 barrels from 300,000 barrels a day. The expansion involves twinning, or building, 610 miles of new pipeline along the existing 715-mile route between Edmonton in Alberta and Burnaby, British Columbia, a suburban community just outside Vancouver. Energy producers such as Exxon Mobil Corp. affiliate Imperial Oil Ltd., BP Canada Energy and Suncor Energy Inc., Canada's largest energy company, are looking to the Trans Mountain expansion and other proposed pipelines--most notably TransCanada Corp.'s Keystone XL--to help ease the bottlenecks that have led to steep discounts for Alberta oil on global markets. The NEB said more than 2,100 individuals, organizations and businesses applied for intervenor status at the Trans Mountain hearings. It accepted 400 of those applications. The NEB won't issue the final call on the pipeline. That rests with the Canadian government, which will have three months from the time of its recommendation, the regulator said, including a decision to refer the ruling or any conditions back to the NEB for reconsideration. Write to Paul Vieira at paul.vieira@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
02/28/201521:33:23U.S. Stocks Rally on Robust Retail Sales
02/26/201503:40:05John Wood Provides Engineering Services for ExxonMobil's Petrochemical...
02/23/201513:37:23U.S. Stocks Decline, Mirroring Oil's Resumed Drop
02/19/201522:59:44Hillary Clinton's Complex Corporate Ties
02/19/201511:07:09MARKET SNAPSHOT: U.S. Stocks Slip As Oil Slides, Greek Debt Drama...
02/19/201510:19:14MARKET SNAPSHOT: U.S. Stocks Tumble As Oil Slides, Greek Debt...
02/19/201509:12:32MARKET SNAPSHOT: U.S. Stock Futures Slump Amid Oil Slide, Greek...
02/19/201508:11:12MARKET SNAPSHOT: U.S. Stock Futures Struggle Amid Falling Oil...
02/19/201507:37:58MARKET SNAPSHOT: U.S. Stock Futures Ticking Higher; Oil Takes...
02/19/201506:29:49MARKET SNAPSHOT: U.S. Stocks: Futures Squeezed By Oil Slide
02/18/201515:47:15U.S. Stocks Drift Lower After Fed Minutes
02/18/201513:59:35Explosion Reported at Exxon Mobil's Torrance, Calif, Refinery...
02/18/201501:10:05Exxon Positioned to Pick Up Assets in Australia
02/18/201500:01:51Exxon Positioned for Acquisition Opportunities in Australia
02/17/201519:53:48Big Investors Make Big Bets For and Against Energy

Exxon Mobil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad