CALGARY - Encana Corp. reported a fourth-quarter profit of US$1.03 billion compared with a loss a year ago as production increased 20 per cent. The Calgary-based energy company, which keeps its books in U.S. dollars, says the profit amounted to $1.08 per share for the quarter ended Dec. 31. That compared with a loss of $229 million or 24 cents per share in the last three months of 2017. Operating earnings for the quarter amounted to $305 million or 32 cents per share, up from an [Read more]
B.C. First Nation affected by pipeline explosion files lawsuit against Enbridge
PRINCE GEORGE, B.C. - A British Columbia First Nation near the explosion of a natural gas transmission pipeline owned by Enbridge has filed a lawsuit against the energy company. Chief Dominic Frederick of Lheidli T’enneh First Nation near Prince George says their B.C. Supreme Court civil lawsuit asks for a permanent injunction preventing Enbridge from operating the pipeline in their territory and reserves. The action also asks for a mandatory injunction requiring the company to [Read more]
Mikisew Cree say Frontier oilsands mine deal includes vote on future development
CALGARY - The industry relations director for the Mikisew Cree First Nation says the community's support of the massive Frontier oilsands open pit mining project includes an ongoing voice in how future development unfolds. Melody Lepine says the confidential agreement it signed last fall with developer Teck Resources Ltd. includes a provision requiring new negotiations before the company begins to mine its north pit, which would take it closer to Wood Buffalo National Park than any [Read more]
Allegations surface about weapons and scuffles at Alton Gas riverside site
HALIFAX - The company that wants to build natural gas storage caverns north of Halifax has levelled fresh allegations against protesters camped on its land for years, saying some are armed with knives, "which could be used a weapons." Alton Gas alleges in court documents that access to a site near the Shubenacadie River has been impeded by protesters since 2016, which is why Alton has asked the Nova Scotia Supreme Court for an order to remove them. The company submitted an [Read more]
With election looming, Alberta announces budget on track for $6.9B deficit
EDMONTON - Alberta is on track for a $6.9-billion budget deficit amid speculation voters will go to the polls this spring before a new budget is introduced. The budget had originally forecast a deficit of $8.8 billion, but Finance Minister Joe Ceci says a lower dollar and higher than expected bitumen royalties have helped reduce the red ink. Ceci released the numbers as part of a third-quarter update for the current fiscal year. Total revenue this year is forecast at $49.6 billion and [Read more]
Alberta Premier Rachel Notley to speak to Senate committee on energy projects
EDMONTON - Alberta Premier Rachel Notley is to make her case in person to a Senate committee studying proposed legislation that would change how major energy projects are approved. Notley is to appear before the energy, environment and natural resources committee on Thursday. She and her government have already spoken out against Bill C-69, which has passed in the House of Commons and is now before the Senate. The bill proposes a new way of handling environmental [Read more]
Husky Energy reports $216M fourth-quarter profit, down from $672M a year ago
CALGARY - Husky Energy Inc. reported its fourth-quarter profit fell compared with a year ago as it was hit by lower synthetic crude oil prices and other factors. The company says it earned $216 million or 21 cents per share for the quarter ended Dec. 31. That compared with a profit of $672 million or 66 cents per share in the same quarter a year earlier. Production averaged 304,000 barrels of oil equivalent per day, down from 320,000 boe per day a year earlier. [Read more]
Regulator OKs Fort Hills oilsands mine tailings plan but orders demonstration
CALGARY - The Alberta Energy Regulator has conditionally approved a tailings management plan for the Fort Hills oilsands mine despite its failure to meet milestones and reliance on an unproven reclamation method. Tailings ponds store water used in the oilsands mining process that is notoriously difficult to reclaim because it has been contaminated with fine clay particles, oil and other chemicals. The mine owned by Suncor Energy Inc. is proposing to chemically treat its tailings, [Read more]
Court rejects B.C.’s request to declare Alberta oil export law unconstitutional
CALGARY - A judge has dismissed the British Columbia government's request to declare an Alberta law that could restrict the flow of refined oil products to B.C. as unconstitutional. The attorney general of B.C. alleged in a statement of claim that the Preserving Canada's Economic Prosperity Act was meant to counteract steps taken by B.C. in its opposition to the Trans Mountain pipeline project. B.C. had asked Alberta's Court of Queen's Bench to declare the law unconstitutional, but Justice [Read more]
NEB suggests noise reduction for ferries and other vessels in B.C.’s Salish Sea
CALGARY - A reconsidered National Energy Board report endorsing the expansion of the Trans Mountain pipeline suggests potential limits on whale-watching boats and noise reduction efforts for ferries that ply British Columbia's Salish Sea. The shipping route that is a critical habitat for southern resident killer whales would see a seven-fold increase in tankers carrying diluted bitumen to offshore markets if the federal government approves the project. The board's latest report, [Read more]
- « Previous Page
- 1
- …
- 182
- 183
- 184
- 185
- 186
- …
- 553
- Next Page »