BOE Report

BOE Report Staff

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West Coast oil pipelines still face hurdles after Liberals’ B.C. election win

  CALGARY - Oil pipelines to the West Coast may have a better chance of being built with the Liberals hanging on to power in British Columbia than had the New Democrats won Tuesday's election. But, observers say the odds for Northern Gateway and the Trans Mountain expansion moving ahead are still rather slim. Warren Mabee, a professor at Queen's University, says the Liberals' support for pipelines is highly conditional and doesn't amount to a "green light." He says, to his [Read more]

Harper heads to New York to face grilling on Canada’s environmental record

  OTTAWA – When Stephen Harper takes the stage at a leading U.S. think-tank on Thursday to talk about Canada’s energy prospects, his pitch will more than likely mention that Canada is halfway towards meeting its greenhouse gas emissions target. The question on many American minds is: what will Canada do to make up the other half? As the Obama administration mulls whether to let TransCanada Corp. build the Keystone XL pipeline to connect the Alberta oilsands to the Gulf Coast, the [Read more]

Exall Energy Corporation Announces Results For The Three Months Ended March 31, 2013

CALGARY, May 15, 2013 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE EE.DB) is pleased to announce its financial and operating results for the three months ended March 31, 2013.  Exall's public filings can all be found at www.exall.com or www.sedar.com. Highlights: A first quarter 2013 production average of 1,303 boe per day a 17 percent increase over the same quarter in 2012, the second highest quarterly average in the Compay's history, A first quarter 2013 [Read more]

Liberals defy odds, pollsters, to hold onto power in B.C. provincial election

  VANCOUVER - British Columbia's Liberals defied common wisdom and months of abysmal polling numbers to win a majority government Tuesday, a stunning turnaround for a party and a premier written off for dead when the election started just a few weeks ago. Premier Christy Clark was in a tight fight for her own Vancouver riding, but there was no doubt her party would return with another majority government. It was the Liberals' fourth-consecutive victory and Clark's first win as [Read more]

Premier Wall says Saskatchewan has GAME CHANGING carbon capture technology

  REGINA - Saskatchewan Premier Brad Wall says the province has game-changing carbon capture technology and he's trying to sell the idea to the world. Wall spoke today at an annual carbon capture conference in Pittsburgh. The premier says there was keen interest in a project at the Boundary Dam power station near Estevan. The plan there is to capture up to 90 per cent of CO2 emissions. Most of the CO2 captured from Boundary is to be used to push more oil out of the ground in [Read more]

IEA sees surging US crude output, slowing global demand

  NEW YORK, N.Y. - The International Energy Agency raised its forecast for U.S. oil production while cutting its prediction for global crude demand. The loss came after the Paris-based IEA, which advises 28 countries about energy issues, said rising U.S oil output will be the key source of new supplies over the coming five-year period. "The supply shock created by a surge in North American oil production will be as transformative to the market over the next five years as was the [Read more]

SEND IT EAST: New Brunswick mayor promotes west-to-east oil pipeline

  CALGARY - A New Brunswick mayor says it's important that producers understand the advantages of a pipeline that would carry western crude oil to eastern refineries. Mel Norton of Saint John says he and other delegates have been in Alberta for the last couple of days talking about what's been dubbed the Energy East pipeline. Calgary-based TransCanada Corp. (TSX:TRP) said last month it wants solid backing from shippers before deciding whether to go ahead with a proposal to convert [Read more]

Conservatives boost resources ad spending to $16.5M, target U.S. audiences

  OTTAWA - Ottawa is dramatically ramping up ad spending by Natural Resources Canada as the Conservatives take their environmental and natural resources fight directly to the American market. Budgetary estimates show that $16.5 million has been set aside by the department for advertising in 2013-14 to highlight what the Harper government calls responsible resource development. That's up from $9 million last year and just $237,000 in Natural Resources advertising in 2010-11. The [Read more]

Aboriginals call for Arctic energy moratorium as circumpolar leaders meet

  A growing number of aboriginals from around the Arctic are calling for a moratorium on energy development in the North. Groups from every Arctic country have signed a statement that calls for an end to offshore drilling and a pause in northern energy projects unless local aboriginals consent. The statement was released in Kiruna, Sweden, two days before leaders from the eight circumpolar nations meet and hand over chairmanship of the Arctic Council to Canada. The statement [Read more]

N.W.T. industry minister touts ‘MADE IN THE NORTH’ oil pipeline alternative

  By Lauren Krugel, The Canadian Press CALGARY - The Northwest Territories is promoting the idea of a "made-in-the-North" oil pipeline as a means to get Canadian crude to international markets, bypassing jurisdictions that have been less than keen on such developments. "Certainly the Northwest Territories is in a good location when it comes to the possible routing of the pipeline north," David Ramsay, the territory's industry minister, said in a recent interview. Ramsay [Read more]