Canada advances $31 billion Pacific oil pipeline to diversify exports beyond the U.S.

Oil & Gas 360·Oct 27, 2026 · 2:30 PM CT

Readthrough summary

Canada is fast-tracking the proposed Pacific Link pipeline, which would carry about 1 million barrels a day from Alberta to the Pacific Coast at an estimated cost of up to $31.2 billion. Construction could start in September 2027 as Ottawa tries to reduce its reliance on U.S. buyers, which take about 90% of Canadian crude exports.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Oil & Gas 360.

Read the original at Oil & Gas 360

More XLE & Oil

Rigzone·56m ago

Oil Slips as Iran Diplomacy Picks Up

Oil prices fell as traders weighed diplomacy to ease tensions in the Persian Gulf and watched Israel's election. Brent dropped nearly 2% to settle below $114 a barrel, WTI settled just under $100, and gasoline and diesel futures fell about 3%.

Rigzone·6h ago

Aramco Contains Fire Near Ras Tanura Oil Hub

Saudi Arabia contained a fire near Aramco facilities at Ras Tanura, its biggest oil export terminal, after an attack in the region early Tuesday, according to a person with knowledge of the matter. The extent of the damage was unclear, and Saudi energy sites have been hit repeatedly by Houthi attacks in recent weeks.

Oil & Gas 360·33m ago

OPEC+ expected to hold December oil targets steady as supply disruptions persist

Seven core OPEC+ members are expected to keep December production targets unchanged when they meet Sunday, Nov. 1, people familiar with the talks told Reuters. Ongoing Middle East supply disruptions are complicating the group's planning.

Oil & Gas 360·1h ago

Trump administration plans methane rule rollback to reduce oil and gas production costs

The Trump administration is preparing to ease federal methane emission rules for oil and gas producers, revising parts of the 2024 Biden-era regulations. The EPA estimates the changes could save the industry about $45 billion in compliance costs.