CALGARY - A coalition of aboriginal groups from Canada and the U.S. has signed a declaration against the Keystone XL pipeline, vowing to use the courts and whatever other means necessary to block the controversial project. At a signing ceremony in Calgary Wednesday, leaders of the Blackfoot Confederacy and Great Sioux Nation representing tribes in both countries called for more dialogue and consultations on the project, which would run through their traditional lands. "It's our [Read more]
Weaver says Greens will fight pipeline; calls Clark’s Liberals ‘reckless’
VICTORIA - British Columbia's three Green members will use their increased political clout to fight Kinder Morgan's $7.4-billion Trans Mountain pipeline expansion project, party leader Andrew Weaver says. Weaver reaffirmed the Greens' election campaign promises Wednesday to oppose the pipeline and the B.C. government's $8.8-billion Site C hydroelectric dam as the party enters high-stakes political negotiations with the New Democrats and Liberals over Green support. The final [Read more]
Sales of Crown oil and gas drilling rights surge in B.C. and Alberta
CALGARY - Sales of Crown drilling rights in Alberta and B.C. have already delivered more money to provincial treasuries this year than last year, when they generated record low returns. Oil and gas producers in Alberta have paid out a total of $138 million in drilling rights auctions so far this year, more than the $137 million they spent in all of 2016. In British Columbia, they've spent $63 million, more than quadruple the $15 million last year. The figures illustrate [Read more]
Oilfield services M&A picks up as battered drillers seek lower costs, scale
CALGARY - Canadian drillers and other oilfield service providers have stepped up merger and acquisition activity, with more deals expected in coming months, as players battered by more than two years of weak oil prices look to lower costs and strengthen finances by scaling up. Crude prices have stabilized from the lows of early 2016 and the big energy companies that hire drillers are increasing spending from depressed levels. That has spurred some drillers and related service companies [Read more]
Alberta Premier says moving National Energy Board to Ottawa would be “dumb”
EDMONTON - Alberta Premier Rachel Notley says a proposal to move part of the National Energy Board's operations to Ottawa is "dumb" and she's opposed to the idea. A federal panel on the modernization of the NEB made the proposal to move to Ottawa the board of directors, a new energy statistical agency, the government co-ordination office, and to shift electricity transmission staff to Ottawa. The panel, however, said that moving all of the NEB, which is focused on pipeline [Read more]
Alberta NDP government granted intervener status in Trans Mountain lawsuits
CALGARY - Opponents of the Trans Mountain pipeline expansion have no power to stop it, Alberta Premier Rachel Notley said Tuesday in her strongest rebuke yet since the outcome of the British Columbia election cast doubt over the project. "We understand that some oppose the twinning of the pipeline and I respect their opinions," Notley told a news conference in Edmonton. "But I fundamentally disagree with the view that one province or even one region can hold hostage the economy [Read more]
National gas station count growing again thanks to stronger profit margins
CALGARY - The number of gasoline stations in Canada grew for the second consecutive year in 2016 after a 10-year decline that resulted in the loss of one in five outlets. The Kent Group's annual census showed a net increase of 15 outlets in 2016, taking the total to almost 12,000 or about three stations for every 10,000 people. Just over 100 stations were added in 2015. The survey by the retail fuel industry consulting firm comes as large refining companies sell their retailing [Read more]
East Coast LNG proponent teams up with Quebec explorer to tap public markets
CALGARY - The developer behind the Goldboro liquefied natural gas project on the East Coast is planning a reverse takeover of a Quebec oil and gas exploration firm to expand financing options ahead of a development deadline. Calgary-based Pieridae Energy Ltd. said Monday it's combining with Petrolia Inc. (TSX-V:PEA) to have both a more integrated supply of natural gas, and to allow it to tap into both private and public sources of financing, as it looks to make a final investment [Read more]
Dismantle National Energy Board, Liberal-Appointed Panel Urges Feds
OTTAWA — A panel advising the government on how to overhaul the National Energy Board says the regulator should be dismantled and replaced with two new agencies, all within a more coherent national energy policy. The five-member panel, appointed last fall, presented its report this morning to Natural Resources Minister Jim Carr. After months of public hearings and talking to stakeholders, the panel says the National Energy Board has been given an impossible task: regulating the growth of [Read more]
Panel examining role of National Energy Board delivers report today
OTTAWA - A panel advising the government on how to overhaul the National Energy Board says Canada's current system for reviewing and regulating energy projects is broken and facing a crisis of confidence in the eyes of the public. The five-member panel, appointed by Natural Resources Minister Jim Carr, delivered a 100-page report Monday that calls for a full-blown rethink of how the system works, including the dismantling of the National Energy Board into two separate agencies, along [Read more]
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