OTTAWA - Canada's energy regulator will tell the federal government this week whether it still thinks the Trans Mountain pipeline should be expanded, but cabinet's final say on the project's future is still several months away. The National Energy Board is reconsidering the project's impact on marine life, including highly endangered southern resident killer whales, after the Federal Court of Appeal ruled last year that the NEB's 2016 approval failed to properly take into account how the [Read more]
Conservative leaders to attend against Bill C-69 in Saskatchewan
MOOSOMIN, Sask. - Conservative leaders from across Canada rallied Saturday against Prime Minister Justin Trudeau and Bill C-69. The premiers of Saskatchewan and New Brunswick joined Conservative leader Andrew Scheer on a panel of speakers at the event held to draw attention to legislation that would overhaul how major energy projects are reviewed. Saskatchewan Premier Scott Moe called it "the no more pipelines bill." "We have a very thorough process that does work. What [Read more]
CN says train leaking crude following derailment in western Manitoba
ST-LAZARE, Man. - A train carrying oil has derailed and is leaking in Manitoba. Canadian National Railway says in a statement that 37 cars carrying crude left the tracks early Saturday morning near St-Larare, which is east of the Saskatchewan-Manitoba boundary. CN says there is "a partial leak" of crude, and that its environmental team is working to clean up the site and protect the environment. It says there are no reports of injuries or fires, and that it's still [Read more]
Northern B.C. First Nation clan says ancient tools found at pipeline work site
HOUSTON, B.C. - Coastal GasLink says it has suspended pipeline work south of Houston, B.C., while claims of the discovery of Indigenous artifacts on the site are investigated. The company says it has cordoned off the area, requested that a qualified archeologist visit the site and the B.C. Oil and Gas Commission will conduct another site visit to investigate the claims. It says an archeological impact assessment for the site was approved in 2016, but the company and its [Read more]
Natural gas liquids processing gains drive profit increase at Inter Pipeline
CALGARY - Inter Pipeline Ltd. says an increase in natural gas liquids processing volumes and revenue was the major driver behind higher earnings in the fourth quarter. The Calgary-based energy transport, processing and storage company says it had net income of $144 million or 36 cents per share in the last three months of 2018, compared with $142 million or 37 cents per share in the same period of 2017. Revenue from its liquids processing facilities rose to $120 million in the [Read more]
Full pipelines, new services propel Enbridge to street-beating $1.17B income
CALGARY - Enbridge Inc. says full oil and gas pipelines and the addition of new services led to fourth-quarter earnings that beat analyst expectations. Canada's largest pipeline operator says adjusted net income was $1.17 billion or 65 cents per share in the last three months of 2018, beating analyst estimates of $1.12 billion or 62 cents per share as noted by Thomson Reuters Eikon. A year ago, Enbridge reported adjusted earnings of $1.01 billion or 61 cents per share for the [Read more]
Oilpatch AI keeps a wary eye on remote wells after human officials go home
CALGARY - From a computer in his downtown office, Jeremy Bernard calls up live video of an oil well site in rural Alberta, clicking to bring up a cluster of small buildings, then a gravel road that leads across snowy pasture. The picture is sharp and the camera can detect motion. But its monitoring effectiveness drops off the instant Bernard, chief operating officer at Calgary-based Osprey Informatics, clicks a button to check another wellsite. Or heads home for the day. Or just [Read more]
TransCanada raises quarterly dividend, reports Q4 profit up from year ago
CALGARY - TransCanada Corp. raised its dividend as it reported its fourth-quarter profit rose compared with a year ago. The pipeline company says it will now pay a quarterly dividend of 75 cents per share, up from its previous payment of 69 cents per share. The increased payment to shareholders came as TransCanada reported a profit of $1.09 billion or $1.19 per diluted share for the quarter ended Dec. 31, compared to a profit of $861 million or 98 cents per diluted share for the [Read more]
Western Energy sends drilling rig to southern U.S. as Canadian activity dries up
CALGARY - Drilling companies continue to move rigs from Western Canada to the more active oilfields of the southern United States. Calgary-based Western Energy Services Corp. says it moved a drilling rig from Canada to the U.S. Permian Basin oil play in western Texas and southeastern New Mexico early this year and will likely move more rigs in the near future. It says the addition took its U.S. drilling fleet to eight rigs, including a drilling rig purchased and upgraded in the [Read more]
Lawyers to argue merits of carbon tax as Saskatchewan challenge heads to court
Lawyers packed a Regina courtroom today to argue the constitutionality of a federally imposed carbon tax. A panel of five judges is to listen to arguments from both the Saskatchewan and federal governments as well as from 16 interveners on both sides of the dispute. Saskatchewan opposes the federal government’s plan to force a carbon tax on the province and plans to argue it is unconstitutional because it’s not applied evenly in all jurisdictions. Ottawa says the constitution gives it [Read more]
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