BOE Report

BOE Report Staff

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Dirt containment wall built when oil leaks after Saskatchewan train derailment

By The Canadian Press JANSEN, Sask. - Work is underway to contain a leak of crude oil after part of a freight train derailed in Saskatchewan. The accident happened as a train was rolling through an area near the village of Jansen, about 150 kilometres southeast of Saskatoon. RCMP say there are no reports of injuries and the train did not catch fire. The car leaking the oil was well back in the 85-unit train. Excavation equipment is being sent to the site to build a wall of dirt to [Read more]

Environmental, First Nations activists plan protest at Sarnia oil sands meeting

  SARNIA, Ont. - Activists plan to protest in Sarnia, Ont., as a two-day national conference on oil sands bitumen kicks off today. The "Bitumen Adding Value Conference" is meant to bring together industry leaders, experts and decision-makers to discuss the production of value-added products from the oil sands resource. Environmental and First Nations activists have gathered in the southern Ontario city to demonstrate their opposition to Alberta oil sands development and proposed [Read more]

Keystone lobbyists targeting moderate Democrats to win Obama

Keystone XL lobbyists are targeting moderate Democratics in Washington in advance of a decision on the $5.3 billion project. The Canadian Association of Petroleum Producers will travel to the U.S. capital next month to promote TransCanada Corp.'s plan to carry Alberta oil-sands crude to Gulf Coast refineries. A decision by President Obama on the pipeline is expected this year. CAPP President David Collyer said in a telephone interview last month his organization will target “primarily on [Read more]

WTI falls toward $96 per barrel

  BANGKOK — The price of oil retreated toward $96 per barrel Tuesday as investors waited for the Federal Reserve’s latest views on the U.S. economy. Benchmark crude for June delivery was down 28 cents to $96.43 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 69 cents to close at $96.71 on Monday. On Wednesday, Fed chairman Ben Bernanke will appear before Congress and the central bank will release minutes of [Read more]

Harper on US pipeline plan: Oil coming anyway

NEW YORK (AP) — A controversial oil pipeline to the U.S. Gulf Coast “absolutely needs to go ahead,” Canada’s prime minister said Thursday, and he warned that the oil will be transported through America one way or another. Stephen Harper addressed the Keystone XL project, a flashpoint in the debate over climate change, during a visit to New York City. The long-delayed project carrying oil from Canada’s tar sands would need approval from the State Department, and Harper’s remarks — with the [Read more]

FLASH! Northern Gateway Pipeline Crew Evicted By Gitga’at Nation

  HARTLEY BAY, B.C. - Members of the Gitga'at Nation say they have evicted a Northern Gateway Pipelines crew from their territory on the north coast of British Columbia as it tried to conduct oil spill response surveys. The small First Nation of Hartley Bay says the crew showed up to carry out work on the project that has not been approved, and that the Gitga'at continue to oppose. Coun. Marven Robinson said the band received a fax informing them that the crew would be coming to [Read more]

Technology will be key to conquering climate change in long run, Harper says

  NEW YORK, N.Y. - Technological change will prove to be the key to cutting greenhouse gas emissions, Prime Minister Stephen Harper told a blue-chip audience on Thursday. Simply imposing emissions targets or trying to cap economic growth to reduce emissions isn't going to work, Harper said during a question-and-answer session at the Council on Foreign Relations in New York. "I am convinced that, over time, we are not going to effectively tackle emissions unless we develop the [Read more]

Gas stock increase above estimates, nat. gas futures drop

Working gas in storage was 1,964 Bcf as of Friday, May 10, according to EIA estimates. This represents a net change of +99 Bcf; above estimates of ~+95 Bcf. As a result, NYMEX nat gas futures reacted negatively to the report, dropping 3% Thursday morning. [table] [attr style="width: 25%"]`[attr style="width: 25%"]May 10`[attr style="width: 25%"]May 3`[attr style="width: 25%"]Change East`811`756`+55 West`357`344`+13 Producing`796`765`+31 Total`1,964`1,865`+99 [/table] Source: EIA [Read more]

Critics take to web as PM promotes Canada’s energy prospects in U.S.

By Heather Scoffield, The Canadian Press OTTAWA – Prime Minister Stephen Harper will be in New York today, pitching Canadian energy prospects to a leading U.S. think-tank. At the same time, critics of Canada’s green record are taking to the Internet to warn that the Alberta oilsands are an environmental threat. Speaking to the Council on Foreign Relations, Harper is expected to stress that Canada is halfway towards meeting its greenhouse gas emissions target. Many people in both [Read more]

LNG BOOM! Indian company to build $3 billion LNG plant, export terminal in N.S. to ship gas overseas

  HALIFAX - Indian company H-Energy is planning to build a $3-billion LNG plant and export terminal in Melford, N.S. Managing director Darshan Hiranandani said Wednesday the facility could be operational by 2020. The Guysborough County facility would be capable of exporting 1.5 billion cubic feet of natural gas per day. Hiranandani says the venture would be similar in size to the LNG plant and export terminal that Calgary-based Pieridae Energy Ltd. is planning to build at [Read more]