CALGARY - California-based Chevron Corp. is looking at selling its 20 per cent stake in the Athabasca Oil Sands Project in northern Alberta, according to a media report. The company has discussed with investment banks the idea of selling its stake in the oilsands mine and upgrading project, Reuters reported Thursday, citing anonymous sources. Chevron said in an email that it had no comment on the report. A spokesman for project operator Royal Dutch Shell said it wouldn't comment [Read more]
National Energy Board expands safety advisory on pipeline materials
CALGARY - The National Energy Board is expanding a safety advisory and draft order on unreliable pipeline fittings after learning of more suppliers with quality issues. The draft order requires companies to verify whether they have any components not meeting specifications, and to file a timeline and plan to address any issues within 60 days. The regulator says it also plans to hold a technical workshop in June on quality assurance for the pipeline components as the number of [Read more]
Pembina Pipeline looking to build West Coast terminal near Prince Rupert, B.C.
CALGARY - Pembina Pipeline Corp. (TSX:PPL) has signed a non-binding letter of intent to develop a liquefied petroleum gas export terminal on Watson Island, south of Prince Rupert, B.C. The Calgary-based pipeline operator signed the agreement with Prince Rupert Legacy Inc., a wholly owned subsidiary of the City of Prince Rupert. The company said it has started a site assessment for the West Coast project and engagement with stakeholders including aboriginal communities. [Read more]
Trans Mountain agreement includes investment deadline, hiring priorities
MERRITT, B.C. - A deal reached between British Columbia and Kinder Morgan reveals new details about the company's timeline to approve investments for a proposed expansion of the Trans Mountain pipeline and requirements to hire local workers. The agreement, signed April 6, says the Kinder Morgan board of directors must reach a final investment decision by June 30 with news communicated by July 2 for the project to go ahead. The project would twin an existing pipeline between [Read more]
Big deficit but no tax hikes expected in Newfoundland and Labrador as low oil hammers budget
ST. JOHN'S, N.L. - It's budget day in Newfoundland and Labrador, and many will be watching for spending cuts to reduce an expected deficit of almost $1.6 billion. Finance Minister Cathy Bennett has repeatedly said there won't be new tax or fee hikes. Approval ratings for the governing Liberals nose-dived after their first budget last April raised taxes on everything from gasoline to books. When asked if those measures will be lifted, Bennett has said the government will review its tax [Read more]
Company a no-show in B.C. provincial court on English Bay fuel spill charges
VANCOUVER - A company accused of operating a ship that leaked bunker fuel in Vancouver's English Bay in April 2015 failed to appear in British Columbia Provincial Court to face charges linked to the spill. The MV Marathassa and Alassia NewShips Management Inc., a firm based in Greece, were due in court Wednesday on 10 charges, including discharge of a pollutant, but only a lawyer for the ship appeared. The spill of at least 2,700 litres of bunker fuel in English Bay and the [Read more]
Spanish energy giant joins list of companies subletting downtown Calgary offices
CALGARY - Spanish oil and gas giant Repsol SA is looking to sublet some of its downtown Calgary office space, adding to a market already swollen by energy industry cutbacks and layoffs. Repsol's Canadian branch has vacated eight of its 22 floors in the 52-floor Bankers Hall West over the past year and is now seeking tenants to take over its leases, said spokeswoman Berta Gomez in an email. She said the space was originally leased by Calgary-based Talisman Energy, which was [Read more]
Company charged in English Bay fuel spill must challenge summons in B.C. court
VANCOUVER - A Federal Court judge has rejected an application for judicial review filed by a Greece-based company facing charges in a 2015 fuel spill in Vancouver's English Bay, saying it must make its case in British Columbia Supreme Court. The MV Marathassa and Alassia NewShips Management Inc. each face 10 charges, including discharge of a pollutant and failure to implement an oil pollution emergency plan and are scheduled to appear in B.C. Provincial Court on Wednesday. [Read more]
National Energy Board outsources whistleblower hotline to private company
CALGARY - The National Energy Board is outsourcing its whistleblower hotline to a private company after a consultant criticized flaws in its system to field complaints from tipsters who want to remain anonymous. The federal agency says it has signed an agreement with Toronto-based ClearView Connects, a confidential reporting service, which is now accepting anonymous calls, letters and emails on the NEB's behalf. In a report commissioned by the NEB early last year, a consultant [Read more]
New labour deal at Regina refinery ratified by members of Unifor union
REGINA - A tenative labour deal at the Co-op refinery in Regina has been ratified by union members. Both the refinery and Unifor Local 594 sent out tweets on Monday night saying the pact had been approved. The union's bargaining committee had said it wasn't "the deal we wanted" but they would recommend its acceptance. About 800 workers had been poised for a lockout starting on Sunday. Negotiations for a new contract have been ongoing for months after the last [Read more]
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