The 500,000 barrel storage tank is backed by a long-term agreement with Teck Resources Limited, a new customer for Gibsons.
Gibson said it now has three tanks representing 1.5 million barrels of storage capacity currently under construction at the Top of the Hill portion of the Hardisty Terminal. Gibson, one of the largest independent midstream companies in Canada, has 6 million barrels of storage and access to most of the major pipeline systems in the Hardisty hub. Hardisty, Alberta is the most important crude oil storage hub in Canada. Meanwhile, the Express Terminal serves its namesake pipeline, which transports some 280,000 barrels per day from Hardisty to Casper, Wyoming where it connects via the Platte Pipeline to Wood River, Illinois—a U.S. refining hub across the Mississippi River from St. Louis. Terms & Conditions, The role of Canada’s resources in delivering our modern world, Biden calls for 'transition' from oil, GOP sees opening, Hydrogen mega-project in Australia on approval fast-track, ConocoPhillips contracts Gibson for 50,000 bbl/d diluent recovery unit to help ease pipeline pinch, Photos: Gibson Energy’s Hardisty Terminal growing fast on 'insurance' advantage, Gibson Energy the first winner in new Saskatchewan oil and gas incentive program, Oil slumps below $39 on surging virus and stimulus stalemate, Markets expected to take measure of Cenovus Husky deal as earnings season begins, Rising Star duo share passion for creating change in industry. From the landscapes to the mountains to the…, Democrat Joe Biden's remark that he would “transition'' away from oil in the U.S. in favour of renewable energy drew…, An ambitious hydrogen project in western Australia that seeks to become the world’s largest renewable energy export facility got a…. Like Enbridge itself, Hardisty has continued to grow and adapt to supply-and-demand trends along with the industry it serves. Including the tanks announced today, the remaining five tanks under construction will result in a further 2.0 million barrels of capacity which, upon completion, will increase Gibsons' total crude oil storage capacity at Hardisty to 8.0 million barrels. The Hardisty terminal can load up to two 120-railcar unit trains per day and consists of a fixed loading rack with 30 railcar loading positions, a unit train staging area and loop tracks capable of holding five unit trains simultaneously. Like Enbridge itself, Hardisty has continued to grow and adapt to supply-and-demand trends along with the industry it serves. Interested in working for us? Gibson Energy Inc. , , is pleased to announce that it has received committed support, from a new customer, for two 300,000 barrel crude oil storage tanks at the Company's Hardisty Terminal. of Provost, and Special Area #3) attended the event, which also included a scale-model demonstration of how a pipeline works, samples of the different varieties of crude oil, and a presentation on emergency preparedness. © Glacier RIG Ltd., all rights reserved. The company expects to have approximately 13.5 million barrels of storage capacity in service in the fourth quarter of 2020, up from 5 million barrels in 2014.
Gibson Energy is continuing the rapid build-out of crude oil storage capacity at its Hardisty Terminal. There is over 60 million barrels of crude oil storage capacity in Western Canada, most of it concentrated in 2 locations: Edmonton and Hardisty, Alberta. Most recently, three new storage tanks (with a combined total capacity of 990,000 barrels) and related infrastructure were added to the terminal under Enbridge’s Line 3 Replacement Program. “The remaining tanks currently under construction at our Hardisty Terminal are ahead of schedule and we have also sanctioned the construction of an additional tank, underpinned by a long-term agreement and consistent with our outlook of two to four tanks per year over the medium-term,” Gibson CEO Steve Spaulding said in a statement. Safety, environmental protection and community play important roles in our growth as a company. Our Hardisty terminal receives inbound deliveries of crude oil through a direct pipeline connection from Gibson Energy Inc.'s Hardisty storage terminal. Terms & Conditions, The role of Canada’s resources in delivering our modern world, Biden calls for 'transition' from oil, GOP sees opening, Hydrogen mega-project in Australia on approval fast-track, Gibson announces one-million bbl expansion at Hardisty Terminal, Gibson achieves up to one-third of divestiture target with sale of U.S. energy services, Gibson shifting focus to Alberta oil terminals; targets up to $375 million in asset sales, Oil slumps below $39 on surging virus and stimulus stalemate, Markets expected to take measure of Cenovus Husky deal as earnings season begins, Rising Star duo share passion for creating change in industry. The use of any of the words "anticipate", "plan", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "shall", "project", "should", "could", "would", "believe", "predict", "forecast", "pursue", "potential" and "capable" and similar expressions are intended to identify forward-looking statements. Earlier this month, Enbridge—one of the largest operators in the area—hosted local dignitaries for a behind-the-scenes look at its oil storage terminal. Service & Supply. Oil & Gas Pipelines & Transportation Click to remove it from your list. Enjoy 24/7 news, data and analysis on Canada’s oilpatch with the Daily Oil Bulletin. The Company does not undertake any obligations to publicly update or revise any forward looking statements except as required by securities law. The company said it has also welcomed a new refining customer to the terminal, which CEO Steve Spaulding says reflects the importance of Hardisty to downstream players looking to secure heavy crude feedstocks from Western Canada. Dies geschieht in Ihren Datenschutzeinstellungen. On your next visit, you'll find a shortcut to this page in the main menu. Gibson, one of the largest independent midstream companies in Canada, has 6 million barrels of storage and access to most of the major pipeline systems in the Hardisty hub. With nearly 12 million barrels of storage, and over 500 km of crude pipelines, we touch 1 in every 4 barrels produced in Western Canada. All Rights Reserved.
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