BOE Report

Federal regulator approves expanded Kitimat LNG gas export licence

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CALGARY - The Canada Energy Regulator says it has approved an application from Chevron Canada for a 40-year licence to export natural gas from the proposed Kitimat LNG project despite environmental opposition. The application filed last spring to the National Energy Board, the CER's predecessor, aimed to double the previously approved export licence duration and nearly double the potential output of the facility to 997 billion cubic feet of natural gas per year. That's the equivalent of [Read more]

Trans Mountain pipeline construction milestone celebrated in Alberta

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ACHESON, Alta. - The CEO of Trans Mountain says he's "a little greyer" than he was 10 years ago when planning began for an expansion of the Edmonton-to-Burnaby oil pipeline but he's still proud to oversee the official launch of Alberta construction. Ian Anderson, who switched employers when the pipeline and its proposed expansion were sold to the federal government in 2018 for $4.5 billion, repeated a vow Tuesday to have expansion project pipe in the ground before Christmas. Speaking in a [Read more]

Diluent recovery unit proposed by Gibson Energy to boost crude export room

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CALGARY - Gibson Energy Inc. says it will build a 100,000-barrel-per-day diluent recovery unit near the Alberta oil marketing hub of Hardisty, a strategy expected to free up room in pipelines and on railcars for oilsands exports. The Calgary-based company says it will partner with US Development Group, LLC, to construct and operate the facility, which would open in 2021. Diluent, a light oil mixed with sticky, heavy bitumen to allow it to flow in a pipeline, makes up as much as a third of [Read more]

Rail strike, pipeline spill lead Alberta to extend oil curtailment levels

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CALGARY - The Alberta government says it will leave its oil production quotas unchanged in January to deal with the lingering consequences after oil shipping was delayed by the Canadian National Railway Co. strike and the temporary shutdown of the Keystone pipeline following a leak in North Dakota. A spokesman for Energy Minister Sonya Savage says producers were informed Tuesday that the production limit for January will remain at 3.81 million barrels per day, the same as December, after [Read more]

Arriving ‘too late’ rated biggest risk for growth in Canadian LNG industry

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CALGARY - The former executive director of the International Energy Agency says the biggest risk to Canada's nascent LNG industry is that it will be "too late" to join in a massive LNG expansion surge sweeping the globe. Maria van der Hoeven, a retired Dutch politician and leader of the IEA from 2011 to 2015, says there's time for Canada to compete in a field led by players from the Middle East, Australia, Russia and, increasingly, the United States. She says the question is whether Canada [Read more]

Alberta’s Kenney, deputy PM Freeland meet in Edmonton to find common ground

EDMONTON - Alberta Premier Jason Kenney and Deputy Prime Minister Chrystia Freeland met up in Edmonton to try to find some common ground in a region that shut out the Liberals in the federal election. Freeland, also named intergovernmental affairs minister in Prime Minister Justin Trudeau's new cabinet, says she is here to listen and work to find solutions with Alberta. She is also to meet Tuesday with Saskatchewan Premier Scott Moe. Voters in Alberta and Saskatchewan did not elect any [Read more]

‘No excitement at all’ as oilpatch interest wanes for drilling rights auctions

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CALGARY - A key indicator of future oil and gas drilling activity in Western Canada is sliding lower as the industry deals with a lack of pipeline capacity, Alberta oil production curtailments and difficulty accessing capital markets. Sales of Crown drilling rights — needed to allow energy exploration on land where mineral rights are held by the province — have fallen off dramatically in B.C., Alberta and Saskatchewan this year. "When drilling rights are going well, it tends to mean [Read more]

‘He listened:’ Alberta’s energy minister meets with federal counterpart in Calgary

CALGARY - Alberta's energy minister says she had a productive meeting with Canada's newly appointed natural resources minister. Sonya Savage met with Seamus O'Regan, an MP from Newfoundland, this week during his first official visit to Alberta. She says he listened and appeared to understand the frustrations in Alberta. Savage says there are many issues that need to be addressed in the near future. Her priority is dealing with the CN rail strike, which she says is preventing 170,000 [Read more]

Encana CEO defends plan to move HQ to Denver after investor criticism

CALGARY - The CEO of Encana Corp. is firing back after Canadian investment manager Letko, Brosseau & Associates Inc. said it would vote its four per cent stake against the Calgary-based company's planned headquarters move to Denver. Doug Suttles, a Texan who lives in Denver, says the company is "disappointed" by the investor's stance against what he says is a "crystal clear" rationale to expose the company to growing pools of investment from U.S. index funds and passively managed [Read more]