Alberta Energy Company Expands Crude Oil Pipeline System in Alberta.Business Editors HOUSTON--(BUSINESS WIRE)--Sept. 19, 2001 Researched by Industrialinfo.com (Industrial Information Resources, Inc.; Houston, Texas). Alberta Energy Company Limited (AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : AEC) (NYSE NYSE See: New York Stock Exchange : AOG AOG Assemblies Of God AOG Aircraft On Ground AOG Association of Graduates AOG Act of God (insurance) AOG Gasoline Tanker AOG Army of God (militant anti-abortion group) AOG Air Operations Group ) (Calgary, AB) has initiated an expansion of its Cold Lake crude oil pipeline system with the construction of 235 kilometers of 24 inch steel transmission pipe from the Le Coy area to Hardisty, Alberta. The $127 million pipeline expansion will also include two new 12,000 horse power pump stations with electric motors and a storage expansion at its terminal in Hardisty. Colt Engineers (Calgary, AB) was awarded the design-build contract and construction commenced June 2001. When completed January 2002, the initial pipeline capacity will be 250,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. of crude oil with a further expansion possible. AEC had net revenues of $605 million in 2000 on an asset base of $7.9 billion. AEC produced over 800,000 barrels per day of crude oil and one billion cubic foot per day of natural gas in the year 2000. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities in the Petroleum Terminals industry as well as other industrial sectors send inquiries to terminalsgroup@industrialinfo.com or visit us at www.industrialinfo.com. |
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