FORT MCMURRAY, Alta. - A man has been injured at an oilsands facility in northern Alberta. Syncrude spokesman Will Gibson said a contractor was performing routine maintenance early Thursday at the Mildred Lake upgrader complex near Fort McMurray when there was "an incident." Gibson said he didn't know what happened or the type of maintenance the contractor was doing. He said Syncrude has suspended certain maintenance activities while it investigates. Gibson said [Read more]
Enbridge sets out oil pipeline growth plan to cover Western Canada for a decade
CALGARY - Enbridge Inc (TSX:ENB) has outlined a pipeline expansion plan it says can cover the expected oil production increase from Western Canada for the next decade. The company's executive vice-president of liquids pipelines says the replacement and restoration of its Line 3 pipeline, combined with upgrades and adjustments to other pipelines on its mainline system, could add about 875,000 barrels a day of capacity. "These solutions can be staged to meet industry's needs [Read more]
Carr: Canada would consider Chinese investment proposals for oilsands
OTTAWA - As Natural Resources Minister Jim Carr explores avenues in China to expand foreign investment in the oilsands, his government is being accused of allowing Chinese takeovers of Canadian firms with little regard for national security. Carr is on a five-day trade mission to China, pursuing partnerships and new markets for the energy and forestry sectors. The trip comes as the two countries pursue exploratory free trade talks, and the federal Liberals adjust their foreign policy to [Read more]
Feds back motion in support of Trans Mountain, despite B.C. government turmoil
OTTAWA - The federal Liberal government has thrown its weight behind an Opposition motion backing Kinder Morgan's Trans Mountain pipeline expansion, even as political turmoil in British Columbia threatens the project's future. The motion, introduced in the House of Commons by Conservative MP Mark Strahl, affirms that the project has social licence to proceed, is critical to the economy, is environmentally sound and should proceed as planned. It passed Tuesday by a vote of 252-51, [Read more]
Shell Canada budget drops by half a billion dollars after oilsands sale
CALGARY - Royal Dutch Shell will forge ahead with its energy development plans in British Columbia regardless of the uncertainty swirling around the province's political future, says the company's Canadian country chair. Energy investments in B.C. have been cast into doubt after the May 9 provincial election that saw the Liberals win 43 seats and the NDP take 41— a situation that gives the Green party the balance of power with their three seats. Last week, the NDP and Greens [Read more]
Auditor calls for better pipeline regulations, monitoring in Saskatchewan
REGINA - Saskatchewan's provincial auditor says the government isn't doing enough to effectively regulate oil and gas pipelines. Judy Ferguson says in her annual report that as of the end of March, the Ministry of the Economy did not have written policies and procedures to evaluate existing pipeline operations. "Effective pipeline regulation helps to prevent leaks, explosions and other hazards," Ferguson said Tuesday. She also says the ministry hasn't developed a [Read more]
Junior oil and gas players go missing, not seen recovering any time soon
CALGARY - Canada's publicly traded junior oil and gas sector has shrunk to a shadow of its former self and isn't seen recovering any time soon, hit by the combination of soft energy prices, disinterested investors and higher-cost projects that favour large companies. The trend marks a significant shift for an industry in which these smaller players traditionally played an outsized role in discovering and developing new oil and gas pools, often becoming takeover targets that helped grow [Read more]
No further concessions on Trans Mountain, Kinder Morgan Canada president says
TORONTO - Kinder Morgan Canada won't make further concessions on its Trans Mountain pipeline expansion, the company's president said Friday, setting the stage for a showdown with British Columbia's potential government-in-waiting. Ian Anderson said he is willing to meet with the provincial NDP and Greens, who have vowed to immediately stop the $7.4-billion development should they oust the Liberals from power through an alliance. But moments after toasting Kinder Morgan Canada's [Read more]
Kinder Morgan Canada says Trans Mountain moving forward after extensive review
CALGARY - The president of Kinder Morgan Canada (TSX:KML) has defended the Trans Mountain project as having gone through rigorous assessments in his first comments since the B.C. NDP-Green party alliance resolved to stop the pipeline expansion. Ian Anderson said in a statement Wednesday that the expansion has been reviewed, analyzed, discussed and considered thoroughly over many years, and now has approvals from the National Energy Board, the Government of Canada and a B.C. environmental [Read more]
Business leaders express concern about promises in B.C. NDP-Green agreement
CALGARY - Some business leaders in Canada expressed concerns Wednesday that the fallout from British Columbia's election is discouraging the private sector from investing in the province. Promises by B.C.'s NDP and Greens to hike the minimum wage and carbon tax could further jangle investor nerves after both parties also committed to immediately stopping the Trans Mountain pipeline expansion project. "The election outcome, and the vow of the Green-NDP alliance to obstruct that [Read more]
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