Canada’s First Oil-sands Unit Train To Run In November

The Canexus terminal, which has been shipping 25,000 to 30,000 bpd of crude from Bruderheim on manifest trains since 2012, has already secured customer commitments for about 35 percent of its capacity. The company expects 70 to 80 percent of capacity to be under contract by the end of the year. “The first unit train is set to run by the end of November,” Kubera said. “We expect unit trains will be going to the East, West, Gulf coasts. There is a lot of investment going into refineries to allow them to move crude by rail.” He declined to give exact details of where Bruderheim shipments will go in the United States, saying it would be the decision of the shippers and their customers. Extra rail capacity could help limit discounts on bottle-necked oil sands crude, which widened to as much as $40 per barrel below the West Texas Intermediate benchmark earlier this year, cleaving a hefty chunk out of producers’ profits. Canadian producer MEG Energy says the terminal allows MEG to ship all of its 30,000 to 35,000 bpd of production by rail to its main market in the U.S. Midwest, as well as the Gulf Coast and Eastern Canada. “With the massive rail network on the continent it could be to any potential refinery that has interest in that feedstock and has offloading facilities,” spokesman Brad Bellows said. “We have seen a lot of interest, particularly from the Gulf Coast.” NEW LINES The initial supply pipeline into Bruderheim will run from MEG’s newly operational, 900,000-barrel Stonefell storage terminal, with other producers also able to move crude through that facility. Cenovus Energy Inc is also signed up as a shipper from Bruderheim, which is served by Canadian Pacific and Canadian National railways. Cenovus will start moving its Cold Lake crude blend from the terminal once the second supply pipeline is connected to its projects in northern Alberta next year, and once its own heated and coiled rail cars are delivered in the latter part of 2014.

Canada’s Minister of Labour urges vigilance during the launch of Fire Prevention Week

On average, eight Canadians die in fires each week. This year, Fire Prevention Week runs from October 6 to 12. The theme, “Prevent Kitchen Fires,” underlines the importance of learning how to prevent cooking-related fires. “We think of our home as a safe place and we sometimes underestimate the dangers we face at home, especially in the event of a fire”, said Minister Leitch. “But at home, as well as at work, we should always be vigilant. Even in today’s modern homes and workplaces, equipped with smoke alarms and sprinkler systems, we are not always safe from fire.” For more information on simple measures that can be taken to prevent fires from occurring in homes or at work, please visit www.fiprecan.ca . @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges . Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page . Quotes are updated automatically, but will be turned off after 25 minutes of inactivity.