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Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s):  VRN

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta... see more

TSX:VRN - Post Discussion

Veren Inc > India Goes for Canadian Crude
View:
Post by Zipolitemexico on May 01, 2024 8:09am

India Goes for Canadian Crude

Reliance Industries, India’s largest refiner, bought a VLCC cargo of Canadian crude from Shell (LON:SHEL) for July delivery, marking the first ever purchase of TMX volumes by an Indian buyer, with reports suggesting the price was set at a $6 per barrel discount to ICE Brent.
Comment by Frank007 on May 01, 2024 9:03am
Do you know what vlcc ship stands for ? ....they will never get that size of ship into the Vancouver harbour to load crude ...
Comment by Anschutz on May 01, 2024 9:47am
I remember many years ago when a Nimitz class carrier came to Vancouver. There was no place for it to dock.  Instead it was anchored off shore.  It looked like an island from Second Narrows Bridge.  They ran small boats back and forth shuttling sailors and visitors.  There is no way a vlcc is getting anywhere near the oil loading terminal.  I remember seeing people lining ...more  
Comment by jleer42 on May 01, 2024 10:11am
I can't find the article now, but they said they will use the aframax size ships to do a ship-to-ship transfer to the VLCC.
Comment by Moemoney42 on May 01, 2024 11:28am
You're right Jleer.. they plan to use smaller vessels to carry the crude to the VLCC's and transfer the cargo..
Comment by westcoastlogger on May 01, 2024 10:34am
They can't bring big aircraft carriers into Vancouver Harbour because the superstructure is too high to clear the Lions Gate Bridge. And thats around two hundred feet and even some of the really big cruise ships have to time their comings and goings with low tide to clear the bridge. 
Comment by Anschutz on May 01, 2024 11:35am
They did it in 1992.  Eco-warriers were all in arms about a nuclear powered aircraft carrier, equipped with nuclear weapons, anchored in the main harbour across from Canada Place. https://www.facebook.com/oldvancouver/posts/a-us-aircraft-carrier-passing-under-lions-gate-bridge-in-1992/444812309446914/  
Comment by westcoastlogger on May 01, 2024 10:29am
VLCC stands for Very Large Crude Carrier. I have listened to the back and forth between the daisy sniffers and the people that actually know what they're talking about for years now and NO.....there will never be VLCCs in Vancouver Harbour. Smaller tankers will be used escorted by tugs in and out.
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