VANCOUVER - The Federal Court of Appeal is scheduled to release its decision next week in a case that combined nearly two dozen lawsuits calling for the National Energy Board's review of the Trans Mountain pipeline to be overturned. The board, Trans Mountain and the federal government defended the project as viable during two weeks of hearings in Vancouver last fall. First Nations, including the Tsleil-Waututh, argued the federal government did not adequately consult them, although federal [Read more]
Goldboro LNG proponent strikes deal to merge with Alberta gas producer
CALGARY - The proponent of an LNG export terminal in Nova Scotia has struck a deal to merge with an Alberta natural gas producer. In a joint news release, Pieridae Energy Ltd. CEO Alfred Sorensen says the merger with Ikkuma Resources Corp. is a key step taking it to a final investment decision on its proposed $10-billion Goldboro LNG project. Pieridae shares on the TSX Venture Exchange fell more than 24 per cent to $3.40 by noon Friday while Ikkuma stock on the same market more than [Read more]
Enbridge announces $4.3-billion deal with Spectra Energy Partners
CALGARY - Enbridge Inc. has signed a deal to acquire the outstanding public units in Spectra Energy Partners LP it doesn't already hold in a transaction valued at $4.3 billion. Under the deal, Spectra unitholders will receive 1.111 Enbridge shares for each common unit. The proposal is up from an offer in May that Enbridge made of 1.0123 shares per unit. Spectra Energy Partners is a master limited partnership and owns interests in pipeline and storage facilities for natural gas [Read more]
Supreme Court dismisses Burnaby’s case against Trans Mountain pipeline
The Alberta government is "batting a thousand" when it comes to fighting for the Trans Mountain pipeline expansion, Premier Rachel Notley said Thursday, after the Supreme Court of Canada dismissed an appeal by the City of Burnaby on construction of the controversial line. "When the B.C. government tried to overstep its legal and constitutional authority, we took bold action – and they backed down," she said in a social media post. "When the City of Burnaby tried to block the Trans Mountain [Read more]
Crude-by-rail exports above 200,000 barrels per day for the first time in June
CALGARY - The National Energy Board says crude-by-rail exports from Canada set another record in June, rising to 204,558 barrels per day. That's up almost three per cent from 198,800 in May and 86 per cent from 109,500 in June 2017. In a report Wednesday, analysts at AltaCorp Capital linked growth in railway oil shipments to the wider-than-usual discount being paid for Western Canadian Select crude compared with New York-benchmark West Texas Intermediate oil. The discount [Read more]
Suncor restarting Edmonton refinery after power outage stalls production
CALGARY - Suncor Energy Inc. says it is in the process of restarting production at its Edmonton refinery after it was knocked offline by a power outage on Tuesday afternoon. The company, which owns Petro-Canada stations across Canada, is warning residents near the facility on the eastern outskirts of the provincial capital that they may see more visible flaring as restarting progresses. Spokeswoman Nicole Fisher says there were no injuries as a result of the power disruption. Suncor [Read more]
Pension fund for Ontario city employees invests $1.87 billion in Texas pipeline
TORONTO - The Ontario Municipal Employees Retirement System has an agreement to pay $1.87 billion for a 50 per cent stake in BridgeTex Pipeline Company, LLC, which owns a pipeline system that carries crude oil from West Texas to Houston. The two companies that currently own BridgeTex will remain minority shareholders, with Plains All American retaining a 20 per cent interest and Magellan Midstream retaining a 30 per cent interest. OMERS is one of Canada's largest defined benefit [Read more]
Irving Oil signs deal to acquire Irish-based group of energy companies
SAINT JOHN, N.B. - Irving Oil says it is expanding its reach with agreements to acquire an Irish-based energy marketing and distribution group of companies. The New Brunswick-based Irving announced today it has signed a deal with Tedcastle, which operates under the brand name Top Oil and is a leading supplier of home heating oil, petrol and diesel fuel in Ireland. A release from Irving says Top Oil recently expanded operations into aviation fuel, and sells more than one billion [Read more]
Anti-pipeline protesters released days before weeklong jail sentences end
MAPLE RIDGE, B.C. - Several pipeline protesters were released from a British Columbia jail on Sunday, a few days before their weeklong sentences were set to end. Seven protesters in all were sentenced to a week in jail on Aug. 15, after pleading guilty to contempt charges in B.C. Supreme Court. Five who were released on Sunday issued a joint statement, saying they were imprisoned because of their opposition to the Trans Mountain pipeline expansion. In the statement, the [Read more]
Community gathers on banks of Nooksack River to talk Trans Mountain pipeline
FERNDALE, United States - Dozens of community members gathered on the banks of the Nooksack River in Washington state on Saturday to voice their concerns about the Trans Mountain pipeline expansion. A Bellingham-based environmental organization released a statement Sunday, along with photos showing protesters in front of the pipeline that crosses below the river. Those in attendance were given the opportunity to voice their concerns to the state's Department of Ecology about the [Read more]
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