Dec 9, 2010
Devon cuts output over choked pipelines
Devon Energy Corp. has closed the taps on 10,000 barrels of oil production a day, as Canadian crude backs up behind jammed capacity in pipelines belonging to Enbridge Inc.
The company expects the curtailments “to continue through year-end, reducing the company's expected fourth quarter Canadian oil volumes by roughly 300,000 barrels.”
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Source: The Globe and Mail
Category:
Offshore and Energy
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