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Big deficit but no tax hikes expected in Newfoundland and Labrador as low oil hammers budget

April 6, 20175:11 AM The Canadian Press

ST. JOHN'S, N.L. - It's budget day in Newfoundland and Labrador, and many will be watching for spending cuts to reduce an expected deficit of almost $1.6 billion. Finance Minister Cathy Bennett has repeatedly said there won't be new tax or fee hikes. Approval ratings for the governing Liberals nose-dived after their first budget last April raised taxes on everything from gasoline to books. When asked if those measures will be lifted, Bennett has said the government will review its tax [Read more]

Company a no-show in B.C. provincial court on English Bay fuel spill charges

April 5, 20174:20 PM The Canadian Press0 Comments

VANCOUVER - A company accused of operating a ship that leaked bunker fuel in Vancouver's English Bay in April 2015 failed to appear in British Columbia Provincial Court to face charges linked to the spill. The MV Marathassa and Alassia NewShips Management Inc., a firm based in Greece, were due in court Wednesday on 10 charges, including discharge of a pollutant, but only a lawyer for the ship appeared. The spill of at least 2,700 litres of bunker fuel in English Bay and the [Read more]

Spanish energy giant joins list of companies subletting downtown Calgary offices

April 5, 20179:12 AM The Canadian Press0 Comments

CALGARY - Spanish oil and gas giant Repsol SA is looking to sublet some of its downtown Calgary office space, adding to a market already swollen by energy industry cutbacks and layoffs. Repsol's Canadian branch has vacated eight of its 22 floors in the 52-floor Bankers Hall West over the past year and is now seeking tenants to take over its leases, said spokeswoman Berta Gomez in an email. She said the space was originally leased by Calgary-based Talisman Energy, which was [Read more]

Repsol Talisman

Company charged in English Bay fuel spill must challenge summons in B.C. court

April 4, 201712:43 PM The Canadian Press0 Comments

VANCOUVER - A Federal Court judge has rejected an application for judicial review filed by a Greece-based company facing charges in a 2015 fuel spill in Vancouver's English Bay, saying it must make its case in British Columbia Supreme Court. The MV Marathassa and Alassia NewShips Management Inc. each face 10 charges, including discharge of a pollutant and failure to implement an oil pollution emergency plan and are scheduled to appear in B.C. Provincial Court on Wednesday. [Read more]

National Energy Board outsources whistleblower hotline to private company

April 4, 201711:54 AM The Canadian Press0 Comments

CALGARY - The National Energy Board is outsourcing its whistleblower hotline to a private company after a consultant criticized flaws in its system to field complaints from tipsters who want to remain anonymous. The federal agency says it has signed an agreement with Toronto-based ClearView Connects, a confidential reporting service, which is now accepting anonymous calls, letters and emails on the NEB's behalf. In a report commissioned by the NEB early last year, a consultant [Read more]

New labour deal at Regina refinery ratified by members of Unifor union

April 3, 20179:17 PM The Canadian Press0 Comments

REGINA - A tenative labour deal at the Co-op refinery in Regina has been ratified by union members. Both the refinery and Unifor Local 594 sent out tweets on Monday night saying the pact had been approved. The union's bargaining committee had said it wasn't "the deal we wanted" but they would recommend its acceptance. About 800 workers had been poised for a lockout starting on Sunday. Negotiations for a new contract have been ongoing for months after the last [Read more]

Trade tiff: Alberta premier checking if Saskatchewan’s Wall breaking rules

March 31, 20176:12 AM The Canadian Press0 Comments

RED DEER, Alta. - Cross-boundary political sniping between Alberta Premier Rachel Notley and Saskatchewan's Brad Wall has escalated over Wall's attempt to poach oil and gas firms. Wall's government sent letters earlier this week to several Calgary-based energy companies offering them incentives to relocate to Saskatchewan. The government is offering to subsidize relocation costs, trim taxes and royalties and help find space in unused government buildings. Notley on Thursday [Read more]

Veren

Iceberg has near-miss with massive floating oil platform off Newfoundland

March 30, 20171:43 PM The Canadian Press0 Comments

ST. JOHN'S, N.L. - A floating oil platform off Newfoundland has had a near-miss with an iceberg the size of a small office building. Husky Energy said a "medium size" iceberg came within 180 metres of the SeaRose FPSO at about 5:30 a.m. Wednesday. "We had an iceberg pass close by our production facility," Husky's Colleen McConnell said Thursday. "We've been monitoring this particular piece of ice for awhile. It changed direction at about two in the morning, and we [Read more]

Husky Energy

C$17.7B Cenovus deal seen as likely to be last oilsands blockbuster

March 30, 20171:37 PM The Canadian Press0 Comments

CALGARY - Cenovus Energy's blockbuster $17.7-billion deal to buy most of the Canadian assets of Houston-based ConocoPhillips will likely stand as the biggest acquisition in the oilsands sector for years to come, say some industry watchers. While other deals are expected to materialize, analysts note there are fewer significant assets available after more than a year of consolidation transactions in Alberta's oilpatch worth billions. "If you think about who's left in terms of [Read more]

Canadian Natural Resources Cenovus ConocoPhillips Equinor Marathon Oil Shell Suncor Syncrude

Oilsands showdown coming over cleanup of tailings ponds: report

March 30, 20171:32 PM The Canadian Press0 Comments

EDMONTON - Alberta's oilsands could be heading for another showdown over tailings ponds after an independent assessment found that the cleanup plans of six major operators don't meet new rules. Suncor's intentions have been rejected by the Alberta Energy Regulator and a clean-energy think tank says its analysis has concluded plans by other producers have similar shortcomings. "All companies have submitted plans that are not consistent with Alberta's tailings management [Read more]

Suncor Syncrude

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