EDMONTON - An Alberta First Nation that's suing the province and federal government is asking a court to force them to pay all trial expenses up front to try to stop them from ragging the puck on the lawsuit. "If the Crown has to contribute to funding the litigation, they're going to want to find the most efficient and quickest way possible," said Karey Brooks, lawyer for the Beaver Lake Cree, who live about 100 kilometres north of Edmonton near La La Biche. "Right now, the [Read more]
B.C.’s dispute over bitumen control likely to end up in Supreme Court: lawyers
VANCOUVER - British Columbia's court case over the flow of heavy oil through the province could be damaged by the NDP government's previous positions against the expansion of the Trans Mountain pipeline, says a legal expert. The provincial government filed a reference case Thursday in the B.C. Court of Appeal asking whether amendments it is proposing to the Environmental Management Act are valid and if they give the province the authority to control the shipment of heavy oils based on the [Read more]
Selected oilsands projects may avoid new environmental assessment rules
OTTAWA - Oilsands projects that use steam to release bitumen from deep underground will likely get a pass from new federal environmental assessment rules — but Ottawa is still considering how to deal with those that use solvents instead of water. An official with Environment Minister Catherine McKenna's office says consultations are still ongoing over which of the so-called "in situ" projects will trigger a review under the new Impact Assessment Act. The official, speaking on condition of [Read more]
U.S., Japanese-based firms named as prime contractor for B.C. LNG plant
VANCOUVER - The international consortium behind plans for a liquefied natural gas terminal on British Columbia's north coast has awarded the contract to design and build the proposed $40-billion project. A news release from Texas-based Fluor Corp., says it and JGC Corp., based in Japan, have been approved as joint venture contractors for the engineering, procurement and construction of LNG Canada's planned export facility in Kitimat. The award of the estimated multibillion-dollar contract [Read more]
Imperial Oil reports first-quarter profit up from year ago, increases dividend
CALGARY - Imperial Oil Ltd. raised its dividend as it reported its first-quarter profit improved compared with a year ago. The company said it would pay a dividend of 19 cents in its second quarter, up from an earlier payment to shareholders of 16 cents. The increase came as Imperial reported it earned $516 million or 62 cents per share, up from $333 million or 39 cents per share a year ago. Revenue totalled $7.9 billion, up from nearly $7.2 billion. Imperial says its [Read more]
TransCanada Corp. reports $734-million Q1 profit, up from year ago
CALGARY - TransCanada Corp. reported a better-than-expected first quarter as it earned $734 million, up from $643 million a year ago. The pipeline company says the profit amounted to 83 cents per share for the quarter ended March 31 compared with 74 cents per share in the same quarter last year. Revenue totalled $3.42 billion, up from nearly $3.41 billion. Comparable earnings for the quarter, which exclude certain items, amounted to $870 million or 98 cents per share, up [Read more]
Notley says B.C. pipeline court challenge illogical, harmful if successful
EDMONTON - Alberta Premier Rachel Notley says the B.C. government's attempt to get court backing in a bid to thwart the Trans Mountain pipeline expansion would put Canada in "economic gridlock" if it succeeds. British Columbia is seeking control over increased levels of diluted bitumen coming into the province because of concerns of increased risk to the environment. Notley says if the B.C. Court of Appeal agrees the government has the right to do so, that would open the door to provinces [Read more]
Drilling forecast cut by 500 wells on lower spending by Canadian producers
CALGARY - The Petroleum Services Association of Canada is slashing its 2018 drilling forecast to 7,400 oil and gas wells, down from 7,900 it predicted in its last forecast in October, but still ahead of the 7,094 actually drilled in 2017. The group representing companies that provide services to oil and gas producers says the lower expectation comes as some of its members are cutting staff to deal with the shortage of work. PSAC CEO Tom Whalen says higher prices paid recently for New [Read more]
Federal government finalizes regulations to reduce methane emissions
CALGARY - The federal government said Thursday it has finalized regulations that should reduce methane emissions from the oil and gas sector by close to half. The regulations include flexibilities to reduce costs, while ensuring industry meets the target of reducing methane emissions by 40 to 45 per cent below 2012 levels by 2025, it said. Announced by Environment Minister Catherine McKenna, the regulations are expected to cut carbon pollution by about 20 million tonnes a year, the [Read more]
Explosion at Husky refinery in Wisconsin sends several people to hospital
CALGARY - A tank containing crude oil or asphalt exploded at a Wisconsin refinery owned by Calgary-based Husky Energy Inc. on Thursday, injuring several people and causing a blast that one worker described as sounding like a sonic boom. No fatalities have been reported, but at least five people have been taken to hospitals in Duluth, Minn., following the explosion at the oil refinery at about 10 a.m., Superior Fire Chief Steve Panger told The Associated Press. Panger didn't have [Read more]
- « Previous Page
- 1
- …
- 245
- 246
- 247
- 248
- 249
- …
- 554
- Next Page »