HALIFAX - Shell's decision to seal two exploration wells off Nova Scotia has set back the province's dream of offshore riches, but analysts say it's early days in what may prove to be a complex geological hunt. Wade Locke, a resource economist at Memorial University says Shell's confirmation this week it's abandoning the Monterey Jack well, along with news its Cheshire deepwater well did not have commercial quantities of oil, are not confidence boosters. "It doesn't look good. [Read more]
B.C. First Nations take Crown to court over Trans Mountain pipeline approval
VANCOUVER - Opposition is mounting against the proposed expansion of the Trans Mountain pipeline as three First Nations launch fresh legal challenges aimed at stymying a project they say was approved without proper consultation. Representatives from the coastal Tsleil-Waututh and Squamish nations, as well as the Coldwater Indian Band near Merritt in B.C.'s Interior, told reporters Tuesday that the federal government failed to meaningfully include them in the planning and review process [Read more]
New technologies expected to boost profits and limit emissions from the oilsands
CALGARY - A CIBC research report predicts that new technologies will greatly reduce the cost and environmental impact of building new oilsands projects over the next five years. Oilsands analyst Arthur Grayfer says in the report that newly constructed projects producing bitumen through wells will likely be profitable at today's benchmark oil prices of about US$50 per barrel. That's $15 less than projects using current technology. He says construction costs are falling thanks to [Read more]
B.C.-Kinder Morgan revenue sharing deal tears Canada’s national fabric: expert
VICTORIA - A revenue-sharing agreement that helped convince British Columbia to support the $6.8 billion Trans Mountain oil pipeline expansion threatens to tear the fabric of country, says a resource policy expert. The agreement with Kinder Morgan gives the province as much as $1 billion over 20 years. The financial benefit for the province was the last of five conditions needed for Premier Christy Clark established to approve the expansion of the pipeline through B.C. During [Read more]
Financial impact of Fort McMurray wildfire reaches $9.5 billion: study
EDMONTON - An assessment of the total financial impact of last spring's Fort McMurray wildfire is pegging the direct and indirect costs of the blaze at almost $8.9 billion. The figure includes the expense of replacing buildings and infrastructure as well as lost income, profits and royalties in the oilsands and forestry industries, said MacEwan University economist Rafat Alam. It also includes early estimates on indirect costs such as environmental damage, lost timber and [Read more]
Shell Canada seals second deepwater well off Nova Scotia, silent on results
HALIFAX - Shell is moving to seal off the second of its two deepwater exploration wells off Nova Scotia. The company began work on the Monterey Jack well on the Scotian Shelf on Sept. 25, shortly after abandoning its Cheshire well in the Nova Scotia offshore, about 250 kilometres southeast of Halifax. Shell spokesman Cameron Yost said in an email Monday that sealing the well involves "the installation and testing of multiple barriers in the wellbore." He also said it is [Read more]
Researchers to look at ways of mitigating impact of Arctic oil spills
WINNIPEG - Ottawa and the Manitoba government have announced $4 million in funding for a large-scale research project aimed at helping Canadian companies and agencies be better prepared to mitigate the environmental impact of Arctic oil spills. The Genice project will use incorporate microbial genomics in dealing with the issue of increasing traffic in Canada's northern waterways and the risk that comes with shipping and oil exploration. Simon Potter of Genome Prairie says [Read more]
RCMP say someone did $500K damage to a pipeline in northwestern Alberta
HYTHE, Alta. - Mounties are investigating after a pipeline in northwestern Alberta was vandalized, causing more than $500,000 damage. Const. Michelle Mosher says an employee with a construction crew reported the vandalism from the site north of Hythe on Sunday morning. Mosher says it appears a piece of construction equipment was used to try to dig up the pipeline and the line will have to be replaced. Mounties are not releasing the name of the company that owns the [Read more]
Woman can’t sue Alberta regulator in fracking case: Supreme Court
OTTAWA - The Supreme Court of Canada says an Alberta woman cannot sue the province's energy regulator as part of her claim that hydraulic fracturing so badly contaminated her well that the water can be set on fire. In a 5-4 ruling Friday, the high court rejected Jessica Ernst's argument that a provincial provision shielding the regulator from legal action was unconstitutional. Ernst began legal action against the regulator, Calgary-based energy company Encana (TSX:ECA) and [Read more]
Manitoba chiefs hope to get Federal Court of Appeal review of Enbridge project
WINNIPEG - The Assembly of Manitoba Chiefs says it is taking further steps in its fight against the Enbridge 3 line replacement project. The group is trying to get leave to file a judicial review with the Federal Court of Appeal with the aim of challenging Prime Minister Justin Trudeau's approval last year of replacements to the aging Enbridge line from Alberta to Wisconsin. The chiefs say in a news release that the project will increase Canadian pipeline capacity and make it [Read more]
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