SURREY, B.C. - A British Columbia natural gas supplier is warning its one million customers to expect reduced supplies and "challenges in times of high demand" as winter looms. FortisBC says in a statement that the Oct. 9 rupture and explosion of the Enbridge natural gas pipeline northeast of Prince George will mean a reduced supply for months. Although Enbridge says it expects to have the ruptured pipeline in service by mid-November, it also advises that the pressure in that [Read more]
Alberta’s Notley proposes Ottawa get into the crude-by-rail business
CALGARY - Alberta Premier Rachel Notley is proposing Ottawa get into the crude-by-rail business — at least temporarily — so that producers in her province can get a better price for their oil. "We are in the midst of putting together a specific business case that we'll be taking to the federal government late this week, early next week, where we lay out the specific costs," Notley said Monday following a meeting with energy industry leaders in Calgary. Notley noted that Alberta heavy oil [Read more]
NEB agrees to consider LNG Canada pipeline jurisdictional challenge
The National Energy Board says it will consider a jurisdictional challenge of a pipeline approval that is a key component in a recently sanctioned $40-billion liquefied natural gas export facility in British Columbia. The federal regulator says it will accept submissions until next Monday from challenger Mike Sawyer, the provincial and federal governments, and other parties on whether the 670-kilometre pipeline should be considered a federal project. If it is, it will require National [Read more]
Imperial Oil restarts Norman Wells, N.W.T., crude output after pipeline repairs
CALGARY - The restart of crude oil production at Imperial Oil Ltd.'s Norman Wells oilfield after a two-year shutdown means both economic optimism and cleaner air for the 800 or so residents of the remote Northwest Territories town. "Obviously, a producing plant is going to require people and that creates employment, creates activity in our community," interim town manager Darren Flynn said. "So we're absolutely delighted that they're back on line." Imperial announced [Read more]
Enbridge targets mid-November to complete B.C. gas pipeline repair after blast
VICTORIA - The company that owns the natural gas pipeline that ruptured and burned earlier this month in central British Columbia says repairs should be complete by the middle of November. Enbridge says in a statement that work to fix the 91-centimetre pipeline is underway, and subject to regulatory approval, it should be back in service in November under reduced pressure. The pipeline ruptured on Oct. 9 at a rural location about 15 kilometres northeast of Prince George, causing an [Read more]
Shell’s name dropped from employee credit union as oilsands sale effects linger
CALGARY - Royal Dutch Shell's name is being removed from a tiny 65-year-old employee credit union as its visibility in the Alberta oil and gas industry continues to shrink in the wake of the sale of most of its oilsands assets last year. The rebranding of the Shell Employees' Credit Union as Spark the Energy Credit Union (a name chosen in part because the initials stay the same) was celebrated Thursday at its only branch on the main floor of Shell Canada's downtown Calgary headquarters. It [Read more]
Shell’s name dropped from employee credit union as oilsands sale effects linger
CALGARY - Royal Dutch Shell's name is being removed from a tiny 65-year-old employee credit union as its visibility in the Alberta oil and gas industry continues to shrink in the wake of the sale of most of its oilsands assets last year. The rebranding of the Shell Employees' Credit Union as Spark the Energy Credit Union (a name chosen in part because the initials stay the same) was celebrated Thursday at its only branch on the main floor of Shell Canada's downtown Calgary headquarters. [Read more]
Trading in MEG mixed after it rejects Husky Energy’s hostile takeover bid
CALGARY - MEG Energy Corp. shares rose, fell and rose again Thursday morning after it formally rejected a hostile takeover offer from oilsands rival Husky Energy Inc. The target company said after markets closed Wednesday that the Husky offer is opportunistic and undervalues its assets and prospects, adding it intends to conduct a formal process that could identify a white knight to make a better offer. MEG shares rose by as much as 21 cents to $11 in morning trading on the [Read more]
Economy and environment go hand-in-hand, says natural resources minister
KITIMAT, B.C. - Canada's natural resources minister says the environment and the economy go hand-in-hand after he toured the site of a new liquefied natural gas venture in British Columbia, days after the United Nations warned more needs to be done to cut greenhouse gas emissions. Amarjeet Sohi said Wednesday the government is showing leadership on climate change to meet the requirements of the 2015 Paris climate change agreement by putting a price on pollution, encouraging more investment in [Read more]
Kinder Morgan posts $1.35B Q3 income on Trans Mountain sale
CALGARY - Kinder Morgan Canada Ltd. is reporting third-quarter net income of $1.35 billion, although most of that is a one-time gain from the sale of its Trans Mountain pipeline and expansion project to the federal government. The energy infrastructure company, which trades on the Toronto Stock Exchange but is 70 per cent owned by Houston-based Kinder Morgan Inc., sold its Trans Mountain assets to Ottawa for $4.5 billion in a deal that closed Aug. 31. In a news release, it says [Read more]
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