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The Canadian Press Oil and Gas News

Both sides in Canada-U.S. pipeline debate clash today over cross-border Line 5

May 18, 20232:00 AM The Canadian Press0 Comments

WASHINGTON - North America's existential debate about the virtues and dangers of oil and gas pipelines faces a critical test today in Wisconsin. That's where a district court judge will hear arguments about whether or not to shut down Line 5, a critical cross-border energy conduit between Canada and the U.S. The Bad River Band of the Lake Superior Chippewa says spring flooding has rendered the risk of a breach on its northern Wisconsin territory too great to ignore. Alberta-based [Read more]

Enbridge

Canada ‘extremely concerned’ about fate of Line 5 pipeline in Wisconsin, embassy says

May 16, 20236:55 AM The Canadian Press0 Comments

Mackinac Bridge in Michigan

WASHINGTON - Canada's embassy in Washington says it is "extremely concerned" about the fate of the Line 5 cross-border pipeline. A court hearing Thursday in Wisconsin could determine whether the pipeline, owned and operated by Enbridge Inc., is allowed to continue operating. The Bad River Band of Lake Superior Chippewa says spring flooding has heightened the risk of a rupture and it wants a federal judge to shut the line down. A strongly worded statement from the embassy says doing so [Read more]

Enbridge Vital Energy

Nature could be a challenge for Line 5

May 14, 20234:00 AM The Canadian Press0 Comments

Mackinac Bridge in Michigan

WASHINGTON - The Canada-U.S. oil and gas conduit known as Line 5 could be facing its toughest challenger yet: the very watershed the pipeline's detractors are trying to protect. Spring flooding has washed away significant portions of the riverbank where Line 5 intersects Wisconsin's Bad River, a meandering, 120-kilometre course through Indigenous territory that feeds Lake Superior and a complex network of ecologically delicate wetlands. The Bad River Band of the Lake Superior Chippewa has [Read more]

Enbridge

Oilpatch restarts some production but wildfire risk remains volatile

May 12, 20232:40 PM The Canadian Press0 Comments

Alberta drilling rig

CALGARY - Some oil and gas producers in Alberta are restoring production after temporarily halting operations earlier this week due to wildfires. More than 300,000 barrels of oil equivalent per day of production were curtailed in Alberta as wildfires raged across the energy-producing province this week. As of Friday, some companies have restarted operations as cooler temperatures and rainfall throughout the week brought relief in some areas of the province. Companies that have indicated [Read more]

Crescent Point Pembina Pipeline Tourmaline

Portion of Coastal GasLink construction paused over erosion, sediment control issues

May 9, 202312:35 PM The Canadian Press0 Comments

Coastal Gaslink pipe loading

CALGARY - TC Energy Corp. says it has proactively halted construction on a 20-km stretch of its Coastal GasLink project over concerns about erosion and sediment control. The Calgary-based pipeline company says the affected section of pipeline is located near the Little Anzac River north of Prince George, B.C. TC Energy says the region has been affected by challenging spring melt conditions caused by an abundance of snow this winter, a quick spike in temperatures, and heavy rainfall. The [Read more]

TC Energy

New Suncor CEO Kruger focused on cost-cutting, will ‘play to win’

May 9, 202310:11 AM The Canadian Press0 Comments

Suncor Energy logo

CALGARY - The new top boss at Suncor Energy Inc. says he has a sharp focus on cost-cutting as he embarks on the task of improving performance at the oilsands giant. Rich Kruger, who took over as Suncor's new CEO on April 3, pledged Tuesday that the company will become a "simpler and more focused organization" under his leadership. On a conference call with analysts to discuss the company's first-quarter financial results, he promised to be candid, transparent, and operate with a "sense of [Read more]

Imperial Oil Suncor

Parkland rejects activist investor’s call to sell or spin off Burnaby refinery

May 4, 202312:14 PM The Canadian Press0 Comments

CALGARY - Parkland Fuel Corp. said Thursday its Burnaby, B.C. refinery is not for sale, even in the face of pressure from an activist investor. The Calgary-based fuel retailer and convenience store operator has been the subject of a campaign by U.S.-based Engine Capital LP, which owns about a two per cent stake in Parkland. The activist investor has been calling on Parkland to consider selling or spinning off its Burnaby refinery in order to become a pure-play fuel marketer and [Read more]

Chevron Trans Mountain pipeline

Alberta regulator reconsiders Fort Hills oilsands approval after critical report

April 17, 20237:00 AM The Canadian Press0 Comments

Fort Hills oilsands site

EDMONTON - Alberta's energy regulator is reconsidering a project it approved months ago after receiving a critical report on Fort Hills Energy's plan to mine oilsands from a unique carbon-storing wetland. In September, the Alberta Energy Regulator approved plans to mine a portion of the McClelland Lake Wetland Complex — a large and intact wetland once considered for environmental protection that lies partly within the company's lease. The approval came after a two-decade regulatory history [Read more]

Fort Hills Energy Imperial Oil Suncor

‘A reflection’: Stampede tarp auction an indicator of Alberta’s booming economy

April 14, 20236:55 AM The Canadian Press0 Comments

CALGARY - The amount of money that was flowing freely at the annual Calgary Stampede canvas auction Thursday night was just the sort of gusher that Alberta's oil and gas industry likes to see. The event is typically considered a bellwether for Alberta's energy industry, as many sponsors that pay to have their company names on chuckwagons competing in the festival's rodeo are players in the energy sector. The province has traditionally had a boom-and-bust economy tied to the price of oil. [Read more]

Oil and gas sector routinely targeted by cyberattackers, experts say

April 10, 20232:20 PM The Canadian Press0 Comments

Alberta drilling rig

CALGARY - Cybersecurity experts say they aren't surprised by the revelation contained within a package of leaked U.S. intelligence documents suggesting Russian-backed hackers successfully gained access to Canada's natural gas distribution network. They say oil and gas infrastructure in Canada and around the world is routinely targeted by cyber-criminals for financial gain as well as by state-sponsored hackers looking to create mayhem. Lesley Carhart of industrial cybersecurity company [Read more]

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