CALGARY - While some European and U.S. companies cut their exposure to the Canadian oilsands, China's Big Three oil giants — CNOOC, PetroChina and Sinopec — seem content to let their bets ride even if the results haven't been spectacular. In 2018, PetroChina produced an average of just 7,300 barrels per day of bitumen from its MacKay River thermal oilsands project, although it was designed to produce 35,000 bpd. In June, its output was about 8,700 bpd. The Beijing-based company [Read more]
Supreme Court rejects Saskatchewan’s request to delay carbon tax appeal
REGINA - Saskatchewan says the Supreme Court of Canada has denied the province's request to delay its appeal hearing over the carbon tax. The province says the Supreme Court recently issued an order stating the hearing remain tentatively set for Jan.14. The government had asked for more time and expected a delay could mean a hearing next spring. It argued a delay would allow for better co-ordination of challenges coming from other provinces such as Ontario. Ottawa [Read more]
Ottawa, B.C. to push electrification of gas industry to cut carbon emissions
The federal and British Columbia governments want to power the production of the natural gas industry in the province using electricity. As part of an agreement announced Thursday, the two governments and BC Hydro are forming a committee to push projects that increase power transmission. Prime Minister Justin Trudeau said the agreement is aimed at reducing greenhouse gas emissions from the natural gas industry, which produces about 18 per cent of the carbon pollution in the [Read more]
‘Noise’ makes Trans Mountain pipeline bid unlikely: Pembina CEO
The CEO of Pembina Pipeline Corp. says the Trans Mountain pipeline system would fit neatly into his company’s business model but he wouldn’t want the “noise” associated with its controversial expansion project. On a conference call to discuss his company’s agreement announced Wednesday to purchase Kinder Morgan Canada Ltd., Mick Dilger was non-committal when asked if Pembina would consider buying the pipeline which Kinder Morgan sold to the federal government last year. “If you think about [Read more]
Oilsands firms considering diluent recovery units to boost crude-by-rail volumes
CALGARY - Ongoing pipeline project delays and growth in crude-by-rail capacity from Western Canada are leading some oilsands producers to consider spending billions of dollars to build diluent recovery units. Oilsands bitumen is a thick, sticky oil which must be diluted with about half as much light petroleum to flow in a pipeline, but diluent isn't needed for rail transport because the product can be heated for loading and unloading. Eight Capital analyst Phil Skolnick says in a [Read more]
Prairie provinces have no plans to put carbon tax stickers on pumps
Carbon-tax-fighting governments in Alberta, Saskatchewan and Manitoba say they have no plans to follow Ontario's lead and force gas stations to put anti-carbon tax stickers on their pumps. Ontario's Progressive Conservative government has set Aug. 30 as a deadline for stations to have the stickers posted or face fines of up to $10,000 a day. The stickers say the federal carbon tax has added 4.4 cents a litre to the price of gasoline, which will rise to 11 cents per litre by 2022. In [Read more]
Canada to fund Indigenous groups energy projects in B.C. and Alberta
OTTAWA - The federal government is providing up to $6 million in funding to help Indigenous communities in British Columbia and Alberta increase their participation in energy infrastructure projects. Natural Resources Minister Amarjeet Sohi made the announcement Wednesday. Funds will be provided through the Indigenous Natural Resource Partnerships program. A statement from Natural Resources Canada describes the program as a one-ear initiative aimed at supporting Indigenous business [Read more]
Low prices, LNG uncertainty add to frustration levels for natural gas producers
CALGARY - Greg Kist admits he was burned out when he resigned as president of Pacific NorthWest LNG at the end of 2014, as the Vancouver-based venture led by Malaysian energy giant Petronas advanced its ill-fated mission to build a liquefied natural gas project in B.C. "I needed to decompress," the 57-year-old gas industry veteran says of his decision to return to his home and family in Alberta. Once hailed as a voracious new consumer of western Canadian natural gas, the nascent [Read more]
Experts to advise Ottawa as it consults First Nations that want stake in TMX
A former Enbridge executive has been appointed to head a committee that will advise the federal government as it consults with Indigenous communities that want a financial stake in the Trans Mountain pipeline expansion. Finance Minister Bill Morneau says Linda Coady will lead a group of experts that will help the government during the engagement process. Coady was chief sustainability officer for Calgary-based Enbridge Inc. and was the former co-chair of the government's Generation Energy [Read more]
Inter Pipeline confirms takeover offer on regulator request after stock halted
CALGARY - Inter Pipeline Ltd. confirmed Friday afternoon it received a "proposal" to purchase the company, in a statement issued at the behest of regulators a few hours after executives refused to discuss the matter on a conference call with analysts. At 3 p.m. EDT, about an hour after its stock was halted from trading pending news, the Calgary-based midstream company issued a brief statement in response to a request from the Investment Industry Regulatory Organization of Canada, or [Read more]
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