Tidewater (marketing)
   HOME

TheInfoList



OR:

Tidewater is a term used by industries and governments to refer to access to ocean
port A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Ham ...
s with international marine services for import and export of commodities. For export, the commodities can be shipped via trucks, trains and/or pipelines to a port, thereby opening the door to more lucrative prices on global markets. Getting to such a port is particularly important for landlocked jurisdictions seeking to expand and diversify markets for natural resources.


Landlocked Athabasca oil sands

An example of the use of the term "tidewater" can be seen in the debate over exports of oil produced by the Athabasca oil sands. Upon separation from the sand, this bituminous oil, marketed as
Western Canadian Select Western Canadian Select (WCS) is a heavy sour blend of crude oil that is one of North America's largest heavy crude oil streams and, historically, its cheapest. It was established in December 2004 as a new heavy oil stream by EnCana (now Cenov ...
, is forced to sell at the price established for landlocked oil (see:
West Texas Intermediate West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract tr ...
benchmark). If this oil were able to reach "tidewater" for export using
oil tanker An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined crud ...
s, it would presumably command a higher price (see:
Brent Crude Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercon ...
benchmark). Several pipelines have been proposed to bring the oil to "tidewater", including the
Keystone XL The Keystone Pipeline System is an oil pipeline system in Canada and the United States, commissioned in 2010 and owned by TC Energy and as of 31 March 2020 the Government of Alberta. It runs from the Western Canadian Sedimentary Basin in Alberta ...
project (via the
Gulf of Mexico The Gulf of Mexico ( es, Golfo de México) is an oceanic basin, ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of ...
), the
Enbridge Northern Gateway Pipelines The Enbridge Northern Gateway Pipelines were a project to build a twin pipeline from Bruderheim, Alberta to Kitimat, British Columbia. The eastbound pipeline would have imported natural gas condensate and the westbound pipeline would have exporte ...
project (via the
British Columbia British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, ...
coast), the
Mackenzie Valley Pipeline The Mackenzie Valley Pipeline, also called the Mackenzie River Pipeline, was a proposed project to transport natural gas from the Beaufort Sea through Canada's Northwest Territories to tie into gas pipelines in northern Alberta. The project was f ...
project (via the
Beaufort Sea The Beaufort Sea (; french: Mer de Beaufort, Iñupiaq: ''Taġiuq'') is a marginal sea of the Arctic Ocean, located north of the Northwest Territories, the Yukon, and Alaska, and west of Canada's Arctic islands. The sea is named after Sir Fr ...
), or the
Energy East pipeline The Energy East pipeline was a proposed oil pipeline in Canada. It would have delivered diluted bitumen from Western Canada and North Western United States to Eastern Canada, from receipt points in Alberta, Saskatchewan and North Dakota to ref ...
project (via the
Bay of Fundy The Bay of Fundy (french: Baie de Fundy) is a bay between the Canadian provinces of New Brunswick and Nova Scotia, with a small portion touching the U.S. state of Maine. It is an arm of the Gulf of Maine. Its extremely high tidal range is the hi ...
). The
Government of Alberta The government of Alberta (french: gouvernement de l'Alberta) is the body responsible for the administration of the Canadian province of Alberta. As a constitutional monarchy, the Crown—represented in the province by the lieutenant governor—i ...
and the
Government of Canada The government of Canada (french: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the ''Crown ...
claimed a loss of $C4 – $C30 billion (
CAD Computer-aided design (CAD) is the use of computers (or ) to aid in the creation, modification, analysis, or optimization of a design. This software is used to increase the productivity of the designer, improve the quality of design, improve co ...
) in taxes and non-renewable natural resource royalties in 2013. In comparison, Maya crude oil,(Moore et al. 2011:2). a similar product to Western Canadian Select, but located close to tidewater, was reaching peak prices in early 2010s. In the United States, opponents of pipeline projects have expressed concern that pipeline construction and expansion would simply facilitate getting Alberta oil sands products to an American port for export to China and other countries via the Gulf of Mexico and that the resulting expansion in production in Alberta and consumption of fossil fuels worldwide would have a detrimental contribution to
greenhouse gases A greenhouse gas (GHG or GhG) is a gas that absorbs and emits radiant energy within the thermal infrared range, causing the greenhouse effect. The primary greenhouse gases in Earth's atmosphere are water vapor (), carbon dioxide (), methane ...
. Canaport is a receiving terminal for crude oil and LNG. There is a proposal to expand it to allow the export of inland oil delivered via pipeline.


See also

*
Western Canadian Select Western Canadian Select (WCS) is a heavy sour blend of crude oil that is one of North America's largest heavy crude oil streams and, historically, its cheapest. It was established in December 2004 as a new heavy oil stream by EnCana (now Cenov ...
*
Keystone Pipeline The Keystone Pipeline System is an oil pipeline system in Canada and the United States, commissioned in 2010 and owned by TC Energy and as of 31 March 2020 the Government of Alberta. It runs from the Western Canadian Sedimentary Basin in Albert ...
*
Alison Redford Alison Merrilla Redford (born March 7, 1965) is a Canadian lawyer and former politician. She was the 14th premier of Alberta, having served in this capacity from October 7, 2011, to March 23, 2014. Redford was born in Kitimat, British Columbia ...
*
Ken Hughes Ken or KEN may refer to: Entertainment * ''Ken'' (album), a 2017 album by Canadian indie rock band Destroyer. * ''Ken'' (film), 1964 Japanese film. * ''Ken'' (magazine), a large-format political magazine. * Ken Masters, a main character in t ...


Citations


References

* * * * * * Oil refineries in Canada Proposed energy projects Petroleum industry Unconventional oil {{Petroleum-stub