BOE Report

BOE Report Staff

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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]

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]