BILLINGS, Mont. - Attorneys general for North Dakota and Montana asked the Trump administration on Wednesday to overrule a Washington state law that imposed new restrictions on oil trains from the Northern Plains to guard against explosive derailments. In a legal petition to the U.S. Department of Transportation, Montana Attorney General Tim Fox and North Dakota's Wayne Stenehjem said federal authority over railroads pre-empts the state law. Washington Gov. Jay Inslee, a … [Read more...]
Cardinal Energy cleaning up after 320,000 litres of oil and produced water spills
SWAN HILLS, Alta. - A large spill of crude oil and produced water at Cardinal Energy's facility near Swan Hills is being cleaned up. The Alberta Energy Regulator has few details about Saturday's spill on its compliance reporting website. It says 320,000 litres of the substances leaked after a problem with pump equipment. The regulator says no wildlife has been affected. Cardinal Energy could not immediately be reached for comment. The facility where the … [Read more...]
Kinder Morgan Canada income falls despite rise in pipeline and terminals revenue
CALGARY - Kinder Morgan Canada Ltd. is reporting second-quarter income from continuing operations of $21.6 million, a decrease of $1.9 million from the second quarter of 2018. Earnings were boosted in the second quarter of 2018 by the gain on the sale of an Edmonton area pipeline segment, resulting in an apparent five per cent decline in the recent period. Excluding that gain, however, the segment was actually up 15 per cent, driven by storage capacity additions at its Edmonton … [Read more...]
Natural gas producers demand government action in open letter to Kenney
CALGARY - The CEOs of nine Alberta natural gas producers have released an open letter to Premier Jason Kenney asking him to show "bold leadership" in supporting a plan to restrict production to boost low gas prices. The letter warns the province faces a high likelihood of corporate failures, job losses and falling investment levels if the situation is allowed to continue. "It is imperative that the government of Alberta intercedes as the viability of the Alberta natural gas … [Read more...]
Alberta economy doing better than expected in June forecast, TD economists
CALGARY - Economists at TD Bank say they are looking at upgrading their Alberta growth expectations for 2019 as signs point to a more robust than expected recovery from the effects of extreme heavy oil price weakness in late 2018. The bank suggested in a forecast in June that the province's economy would grow by a "paltry" 0.5 per cent this year and a slightly better 2.1 per cent next year. It said the province's mandated oil production curtailments had worked to strengthen heavy … [Read more...]
Producers still cautious despite higher Q2 expectations on stronger oil prices
CALGARY - Higher oil prices are expected to boost cash flow for Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil prices steadied in comparison with U.S. benchmarks in the three months ended June 30 following six months of volatility blamed on the failure of pipeline capacity to match growing oilsands output and Alberta's decision to impose production limits starting in … [Read more...]
Alberta seeks to intervene in B.C.’s appeal to Supreme Court on energy projects
EDMONTON - Alberta wants to have its say when British Columbia goes to the Supreme Court for a ruling on who is in charge of interprovincial projects like pipelines. The Alberta government says it has filed a notice of intervention in B.C.'s appeal to the top court. Alberta Premier Jason Kenney says the B.C. Court of Appeal made it clear in its May ruling that the federal government, not the provinces, has sole authority over projects that cross provincial boundaries. … [Read more...]
Trudeau, Sohi, meeting with workers at TMX’s Edmonton terminal this morning
OTTAWA - Prime Minister Justin Trudeau is paying a visit to the Trans Mountain pipeline terminal in Edmonton this morning. It has been almost a month since Trudeau gave a second go-ahead to expanding the pipeline, after the courts overturned his government's original approval. Trudeau and Natural Resources Minister Amarjeet Sohi — who represents a nearby Edmonton riding — will meet with workers at the terminal, which is the start of the pipeline that carries Alberta oil to a … [Read more...]
Cenovus produces one billionth barrel from thermal oilsands operations
CALGARY - Cenovus Energy Inc. says its thermal oilsands operations in northern Alberta produced their one billionth barrel of bitumen on Wednesday. The milestone comes about 18 years after Cenovus' Foster Creek facility was launched in 2001 as the first commercial oilsands project to use steam-assisted gravity drainage technology or SAGD. Its sister project at Christina Lake began producing oil a year later. The SAGD process involves injecting steam into the underground … [Read more...]
Quebec premier affirms support for carbon price and Saskatchewan court challenge
SASKATOON - Quebec's premier is clarifying his province's carbon price isn't going anywhere, despite its entry into Saskatchewan's legal challenge of Ottawa's carbon tax. Francois Legault and Saskatchewan Premier Scott Moe spoke at a joint news conference in Saskatoon, as Canada's premiers gathered at The Council of the Federation's annual meeting. Quebec recently joined as an intervener in Saskatchewan's appeal to the Supreme Court of Canada after Saskatchewan lost a … [Read more...]
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