VANCOUVER - A legal battle between the City of Burnaby and the Trans Mountain pipeline expansion has ended with the British Columbia Court of Appeal ruling the National Energy Board can override municipal bylaws. The fight began in 2014 when Trans Mountain was set to begin field studies on Burnaby Mountain, which required it to cut down trees, drill boreholes and operate heavy machinery — activities that violate the city's bylaws. Before beginning the field work, the company [Read more]
Suncor says it will meet 2017 production targets despite fire at Syncrude upgrader
CALGARY - Oil production remains offline two weeks after a fire halted operations at the Syncrude oilsands mining complex in northern Alberta but its largest owner says it still expects to meet 2017 targets. Suncor Energy Inc. (TSX:SU) said Monday it was still on track to meet its guidance issued in November of between 680,000 and 720,000 barrels of crude per day, in part because of strong results from its other oilsands and offshore assets. The company's forecast called for between [Read more]
‘We’re all hurting’: Calgary arts cut to the bone as corporate funds dry up
Calgary's performing arts scene has become a casualty of corporate cost-cutting as the city's economic doldrums drag into a third year, prompting organizations to band together to seek more municipal support. The energy sector has long been a stalwart patron of the arts in the white-collar heart of the oilpatch. But weak energy markets have forced firms to tighten their spending, leaving less for sponsorships. The issue came into stark relief earlier this month when Alberta [Read more]
Notley: KXL does not lessen need for Energy East, expanded Trans Mountain
CALGARY - Alberta Premier Rachel Notley says U.S. approval of the Keystone XL pipeline does not lessen the need for two other controversial proposals within Canada's borders. U.S. President Donald Trump announced the green light for the line more than eight years after Calgary-based TransCanada first applied for a cross-border permit. Notley says pumping more Canadian crude to the U.S. Gulf Coast would mean a big boost in jobs and investment for the province's economy. [Read more]
A chronological look at the controversial Keystone XL pipeline project
CALGARY - Since TransCanada Corp. (TSX:TRP) first proposed the 1,897-kilometre Keystone XL pipeline, the project has been studied, stalled, slammed and hyped — all amid political pressure from interests on all sides of the debate. Some key dates in Keystone XL's history: July 2008: TransCanada and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major expansion to the network dubbed Keystone XL to carry oilsands bitumen from Alberta to Texas. 2009: As the U.S. [Read more]
Saskatchewan Justice reviewing whether charges warranted in Husky oil spill
REGINA - Saskatchewan's Justice Ministry is reviewing Husky Energy's response to alarms before a major oil spill last summer to determine whether charges are warranted. The department is also looking into a delay in shutting down the ruptured pipeline. "I am deeply concerned about this ... and I think our actions to date, and going forward ... show that we've taken this very seriously," Energy and Resources Minister Dustin Duncan said Thursday at the legislature. The leak [Read more]
B.C. reports 64 pipeline benefit deals with 29 northern First Nations
VICTORIA - The British Columbia government says it has completed benefit agreements with 90 per cent of the eligible First Nations along four proposed natural gas pipeline routes across northern B.C. The Ministry of Aboriginal Relations says 64 natural gas pipeline benefits contracts have been signed with 29 First Nations and that most include financial payments worth over $1 million, although the ministry says only $13 million has been paid out so far. Most of the agreements [Read more]
Enbridge spill east of Edmonton estimated at 10,000 litres of crude oil
CALGARY - The National Energy Board says about 10,000 litres of light crude oil spilled Monday at a storage site east of Edmonton. Enbridge said that as of Tuesday morning, it had recovered almost all of the oil, which had leaked from a tank value in an industrial area of Strathcona County. The company said the oil flowed into a drainage ditch and then into a creek. The Transportation Safety Board dispatched a team to the spill site, marking the second time one has been [Read more]
Enbridge cutting 1,000 jobs after completing takeover of Spectra Energy
CALGARY - The cuts have come swiftly at energy giant Enbridge Inc. (TSX:ENB), which is laying off about 1,000 staff less than a month after closing its blockbuster takeover of Houston-based Spectra Energy Corp. Calgary-based Enbridge says the layoffs, amounting to about six per cent of the 17,000 employees of the combined company, stem from the merger that closed Feb. 27. "After a careful evaluation, Enbridge has taken the difficult but necessary step to address the overlap in [Read more]
Trican, Canyon outline plan to combine through $637-million friendly deal
CALGARY - Two Calgary-based companies that provide services to the oil and gas industry are planning to combine forces through an exchange of shares and debt valued at $637 million. Trican Well Service Ltd. (TSX:TCW) would exchange 1.7 of its common shares for each share of Canyon Services Group Inc. (TSX:FRC) under the friendly deal, which is supported by the boards of both companies. Both companies say the offer is worth $6.63 per Canyon share, based on Trican's stock price at [Read more]
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