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40 people considered missing in Quebec train disaster; five declared dead

  LAC-MEGANTIC, Que. - About 40 people are considered missing after the spectacular blaze and explosions that razed much of Lac-Megantic, increasing the likelihood that the number of fatalities could soar from the current official death toll of five. "I can tell you that we have met a lot of people....and what I can tell you is that about 40 people are considered missing," Quebec provincial police Lt. Michel Brunet told a news conference. "We have to be careful with that number [Read more]

INCREDIBLE Photos from Quebec train derailment

"Train derailment in Quebec causes huge explosion. Crash site described as "war zone." http://t.co/50pmLbSrXW pic.twitter.com/UsYgPR3F1J"— Águila real (@jamenci) July 7, 2013 1 dead after train carrying oil derails in Quebec - USA TODAY - http://t.co/fZHNeXA3ac pic.twitter.com/fsmCvkBNsv— Digg Cash (@DiggCash) July 7, 2013 Major fire after train carrying oil (maybe tar sands) derails in Quebec near Canada-US border http://t.co/LJwi0SCuDv [Read more]

Train carrying crude in Quebec derails, explodes

LAC-MEGANTIC, Quebec (AP) -- A train carrying crude oil derailed Saturday in eastern Quebec, sparking several explosions and a blaze that destroyed the center of the town of Lac-Megantic and killed at least one person. An unspecified number of people were reported missing. "Train derailment in Quebec causes huge explosion. Crash site described as "war zone." http://t.co/50pmLbSrXW pic.twitter.com/UsYgPR3F1J"— Águila real (@jamenci) July 7, 2013 Witnesses said [Read more]

Petronas group applies for LNG export licence for its proposed B.C. project

  VICTORIA - Plans by Malaysian national oil company Petronas to export liquefied natural gas from northern British Columbia to Asia moved forward Friday with the company submitting an export application with Canada's National Energy Board.Pacific NorthWest LNG, backed by a 90-per-cent interest by Petronas, said in a statement the company wants to export up to 19.68 million tonnes of LNG per year for 25 years from a proposed export facility at Port Edward, B.C., near Prince [Read more]

Oil price rises to near US$103 on strong US employment report, unrest in Egypt

NEW YORK (AP) - The price of oil marched higher Friday after a positive report on U.S. hiring and ongoing concerns that the crisis in Egypt might affect Mideast supplies.In midday trading, benchmark West Texas Intermediate crude for August delivery was up $1.56 at US$102.80 per barrel on the New York Mercantile Exchange. On Wednesday, oil closed above at $101.24, the highest level since May 3, 2012. U.S. markets were closed Thursday for Independence Day.Following the ouster of Egyptian president [Read more]

Stampede kicks off

  CALGARY – The cleanup carries on but now that the water has receded and the state of emergency cancelled, Calgarians are going to turn their attention to what they do best — throw one heck of a party. The Calgary Stampede kicks off today with its annual parade, a noisy, colourful procession winding through downtown streets that just two weeks ago were submerged beneath muddy floodwaters. Gumboots will give way to cowboy boots as huge crowds gather for the raucous event. It [Read more]

Egypt Army ousts Morsi

CAIRO (AP) -- Egypt's first democratically elected president was ousted Wednesday by the military after barely a year in office, felled by the same kind of popular revolt that first brought him to power in the Arab Spring. The armed forces announced it would install a temporary civilian government to replace Islamist President Mohammed Morsi, who denounced the action as a "full coup" by the generals. They also suspended the Islamist-drafted constitution and called for new [Read more]

Egypt Political Upheaval to deepen economic crisis

EGYPT POLITICAL UPHEAVAL TO DEEPEN ECONOMIC CRISIS CAIRO (AP) - Egypt's descent into even deeper political turmoil will almost certainly put a multi-billion dollar international bailout on hold and lead to an even more painful economic crisis, with worsening fuel shortages and higher prices on basic goods. After protracted negotiations that have stretched for more than a year, Egypt had been inching closer to securing a critical $4.8 billion International Monetary Fund loan. The [Read more]

CN taps into growing shale demand by servicing new Alberta frac sand terminal

By Ross Marowits, The Canadian Press Canadian National Railway is looking to tap into the growing North American demand for shale gas by launching service this fall to a new frac sand terminal being built in northwestern Alberta. The railway said Wednesday it has signed an agreement with Di-Corp, a distributor of specialty chemicals and equipment to the mining industry, that is building a facility to handle the material used in the hydraulic fracturing process that is growing in [Read more]

CN to serve new 550,000-ton per year frac sand transloading terminal in northwestern Alberta

New Di-Corp terminal will accommodate rapid growth in frac sand demand from oil and gas industry EDMONTON, July 3, 2013 /CNW Telbec/ - CN (TSX: CNR) (NYSE: CNI) announced today it will start serving a new state-of-the art frac sand terminal north of Grande Prairie, Alta., starting in November 2013. The new 20-acre facility being built by Di-Corp of Edmonton will have an annual throughput capacity of 550,000 tons of frac sand and have three tracks capable of holding 44 rail cars for [Read more]