TORONTO - The $5-billion announced for an Indigenous loan guarantee program in last week's budget is just a start, said Deputy Prime Minister Chrystia Freeland. "Nothing would make me happier than seeing that $5-billion oversubscribed and needing to put in place even more," she said, speaking to media at the First Nations Major Projects Coalition conference in Toronto on Tuesday. The program is designed to help Indigenous communities buy equity in natural resource and energy projects by [Read more]
TC Energy reduces pressure on pipeline segment as rupture investigation continues
CALGARY - TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system in Alberta while an investigation continues into the cause of a rupture that occurred earlier this week. The Calgary-based pipeline company says it made the decision to reduce pressure on the segment out of an "abundance of caution," and in consultation with the Canada Energy Regulator. The rupture that occurred on a section of the NGTL natural gas pipeline system on Tuesday sparked a [Read more]
TC Energy responding to pipeline incident near Edson, Alta.
CALGARY - TC Energy Corp. says it is actively responding to an incident involving its NGTL natural gas pipeline system in west-central Alberta. The Calgary-based pipeline company did not provide further details about the nature of the incident, which it said took place approximately 40 kilometres northwest of Edson, Alta. in Yellowhead County. TC Energy says its emergency response procedures have been activated and the affected section of the pipeline has been isolated and shut [Read more]
Environmentalists protest as Biden administration approves huge oil export terminal off Texas coast
WASHINGTON (AP) — In a move that environmentalists called a betrayal, the Biden administration has approved construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States. The Sea Port Oil Terminal being developed off Freeport, Texas, will be able to load two supertankers at once, with an export capacity of 2 million barrels of crude oil per day. The $1.8 billion project by Houston-based Enterprise Products Partners received a [Read more]
Energy producers say they are prepared, ready for 2024 drought, wildfire risks
CALGARY - Canadian energy producers say they are prepared and ready for what could be another spring and summer of drought and wildfires in Western Canada. Last year's hot, dry weather conditions saw oil and gas companies in northwest and central Alberta as well as northeast B.C. temporarily halt production as wildfires raged across key fossil fuel-producing regions. Most of the curtailments were done on a precautionary basis and no significant damage to energy-producing infrastructure [Read more]
Rising oil price doesn’t shake industry talk on spending discipline
TORONTO - The price of oil has been on a steady climb all year, but the talk at Canada's biggest oil and gas conference is still focused on spending discipline. Industry leaders at the Canadian Association of Petroleum Producers conference, held in Toronto this year, have been emphasizing their predictability and focus on returning money to shareholders, rather than talk of growth. Suncor chief executive Rich Kruger says his goal is to make the company "consistently and boringly [Read more]
Syncrude to pay $390,000 penalty for 2021 oilsands worker death
FORT MCMURRAY, Alta. - Oilsands operator Syncrude Canada Ltd. has been ordered to pay a $390,000 penalty in relation to the death of a worker in 2021. Syncrude — which is an oilsands joint venture majority-owned by Suncor Energy Inc. — pleaded guilty on April 4 in a Fort McMurray court to one charge under Alberta's Occupational Health and Safety Act, for failing to ensure the health and safety of a worker. Four other charges under OHS legislation were withdrawn. The charges stemmed from [Read more]
Latest milestones move Cedar LNG closer to getting a green light
CALGARY - RBC Capital Markets says it expects to see a green light from the partners behind the proposed US$3.4-billion Cedar LNG project. RBC analyst Robert Kwan said in a note Friday he expects Pembina Pipeline Corp. and its project partner, the Haisla Nation of B.C., to pull the trigger on the floating liquefied natural gas facility they have proposed to build in Kitimat, B.C. in a positive final investment decision. On Thursday, Pembina announced it has signed a long-term natural gas [Read more]
Trans Mountain pipeline expansion to enter commercial service May 1
CALGARY - After four years and more than $34 billion in costs, the Trans Mountain oil pipeline expansion will go into commercial service on May 1. The Crown corporation behind the massive project provided the start date in an update posted to its website Wednesday. "The commencement date for commercial operation of the expanded system will be May 1, 2024," Trans Mountain Corp. said in the update. "Trans Mountain anticipates providing service for all contracted (oil) volumes in the month [Read more]
Drought poses key risk to Canada’s natural gas producers in 2024: Deloitte
CALGARY - Persistent drought conditions are poised to challenge natural gas producers even as they aim to ramp up in anticipation of Canada's first liquefied natural gas export terminal opening, a new report warns. The report by Deloitte Canada identifies potential water shortages in Western Canada as a key risk facing the oil and gas sector in 2024. Some of the most extreme drought conditions currently are in northeast B.C. and northwest Alberta, a region that is the epicentre of Canada's [Read more]
- 1
- 2
- 3
- …
- 487
- Next Page »