CALGARY - Lower discounts on western Canadian oil prices have swollen producer coffers in the first three months of the year, but analysts say they don't expect to see increases in drilling budgets as oil and gas companies report results over the coming weeks. Cenovus Energy Inc. reports its first-quarter results on Wednesday, followed by fellow oilsands producers Husky Energy Inc. and Imperial Oil Ltd. at the end of next week. U.S. benchmark West Texas Intermediate spot prices [Read more]
Federal government extends deadline to make Trans Mountain decision to June 18
OTTAWA - The federal government is delaying its decision on the Trans Mountain pipeline expansion project until June 18. Natural Resources Minister Amarjeet Sohi says the extended deadline will give the government more time to complete its consultations with Indigenous groups. The National Energy Board endorsed an expansion of the Trans Mountain pipeline on Feb. 22, starting the clock on a 90-day period for Ottawa to make a final call. That established May 22 as the original [Read more]
Kenney talks pipelines with Trudeau after election win, calls it cordial
EDMONTON - Jason Kenney, Alberta's incoming premier, said he cordially talked pipelines Wednesday with Prime Minister Justin Trudeau — Kenney's political nemesis and his election campaign pinata — and said the plan is to meet soon for a one-on-one. "He called to offer his congratulations. We spoke for about 15 minutes," Kenney said outside Alberta's legislature building. "We had a respectful conversation about a number of issues, including the need to get Canadian energy to [Read more]
Kinder Morgan options for Canadian branch delayed due to ‘complexity’
CALGARY - Kinder Morgan Canada Ltd. says it is continuing to evaluate its strategic options and hopes to announce its next steps in coming weeks. The company was spun off from its American parent in mid-2017 to raise money to build the Trans Mountain pipeline expansion but that purpose no longer exists after it sold the existing pipeline and its expansion project to the federal government for $4.5 billion last summer. Chief financial officer Dax Sanders says in a news release the options [Read more]
Legault congratulates Kenney but says Quebec won’t accept a new oil pipeline
QUEBEC - Premier Francois Legault is congratulating Jason Kenney on his electoral victory in Alberta while reminding the incoming premier that Quebec's position on oil pipelines hasn't changed. Legault said all parties in Quebec's legislature oppose any new oil pipelines. "What I am saying is there is no social acceptability for a new oil pipeline in Quebec," he said Wednesday, a day after Kenney's United Conservatives won a decisive majority of seats in the Alberta legislature. [Read more]
Nova Scotia Mi’kmaq grandmothers to launch land title claim against gas project
HALIFAX - Three Indigenous women described as "grassroots grandmothers'' who were arrested last week at a rural construction site north of Halifax have filed a title claim over land where a company plans to build a natural gas storage facility. Their lawyer, Michael McDonald, told the Nova Scotia Supreme Court today that the claim is based on the 1752 treaty with the Crown and the notice of motion is for an aboriginal title claim for the lands currently being used by Alton Gas. [Read more]
Oil and gas sector applauds new Alberta premier’s many pro-business pledges
CALGARY - The Alberta oilpatch is applauding the provincial election win by Jason Kenney and his United Conservatives. The Canadian Association of Petroleum Producers offered congratulations and welcomed the UCP's commitment to making regulatory, economic and fiscal policy reforms. It says it endorsed UCP election promises to cut the corporate tax rate to eight per cent from 12 per cent, develop a natural gas strategy, reduce red tape and complete a review of the Alberta Energy [Read more]
Orange peeled: Jason Kenney’s UCP defeats NDP with majority in Alberta
The United Conservative Party under leader Jason Kenney has won a majority government in the Alberta election. Kenney jumped out front in early returns Tuesday in Alberta’s election, while Rachel Notley’s NDP was holding strong in Edmonton. The UCP were leading in rural ridings throughout the province and in some Calgary constituencies. It’s an election expected to define or, in the case of Kenney, redefine Alberta’s relationship with the federal government and specifically Prime [Read more]
Decision day in Alberta: Voters head to polls in provincial election
EDMONTON - Voters are heading to the polls in the Alberta election today and advance turnouts suggest it could be busy at the ballot boxes. Almost 700,000 people voted early in malls, airports, recreation centres, public buildings and even an Ikea store. That was well ahead of the 235,000 who came out early in the 2015 election that saw Rachel Notley's NDP deliver a surprise knockout blow to the 44-year run of the Progressive Conservatives. This time around, the Progressive Conservatives [Read more]
Alberta leaders renew attacks on final full day of election campaign
SHERWOOD PARK, Alta. - A day before Alberta voters go to the polls, United Conservative Leader Jason Kenney and the NDP's Rachel Notley traded attacks over the pipeline issue that has come to define the campaign. "Just one more sleep, one more day before Albertans have an opportunity to vote for change that gets our province back to work and that gets Alberta back on track," Kenney told cheering supporters outside a campaign office in Sherwood Park, east of Edmonton, on Monday. Kenney, [Read more]
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