CALGARY - Murphy Oil has been fined $172,500 after the Alberta Energy Regulator concluded the Arkansas-based company did not maintain a pipeline that leaked oil for 45 days before it was discovered. From January to March of 2015, about 1.4 million litres of light oil was spilled about 65 kilometres east of Peace River in northwestern Alberta due to internal corrosion, the regulator said Tuesday. The leak of condensate, a light oil used to dilute heavy oil to help it flow in a [Read more]
TransCanada suspends $15-billion NAFTA suit on Keystone XL as project advances
CALGARY - TransCanada Corp. has suspended a $15-billion lawsuit against the United States regarding its Keystone XL project following signals by U.S. President Donald Trump that he will likely approve the pipeline. The company filed the North American Free Trade Agreement challenge last year alleging the U.S. government failed in its commitment to protect Canadian investors and ensure the company was treated in accordance with international law. The process before the [Read more]
B.C. approves expansion of TransCanada’s natural gas pipeline
VICTORIA - The provincial government has approved the proposed expansion of a natural gas pipeline in northeastern British Columbia. The province says it has issued an environmental assessment certificate for TransCanada's (TSX:TRP) Towerbirch expansion project, which carries natural gas from B.C. across North America. The line stretches 87 kilometres from near Dawson Creek and into northern Alberta. TransCanada says in a statement that pipelines in the area currently [Read more]
Pipeline giant TransCanada plans to sell more U.S. holdings to TC Pipelines
CALGARY - TransCanada Corp. (TSX:TRP) is negotiating the sale of a 49.3 per cent interest in the Iroquois natural gas transmission system that connects its main Canadian pipeline system to markets in the U.S. Northeast, including New York City. The Calgary-based company says it has offered to sell the Iroquois system to TC PipeLines, LP (NYSE:TCP), an affiliated limited partnership. TransCanada would also sell its remaining 11.8 per cent interest in the Portland Natural Gas [Read more]
Cleanup of oil spill in Saskatchewan cost $107 million, Husky Energy says
CALGARY - A major oil pipeline spill last year in Saskatchewan cost $107 million to clean up, a $17-million increase from a September estimate of $90 million, according to pipeline operator Husky Energy (TSX:HSE) of Calgary. The pipeline rupture last July allowed 225,000 litres of heavy oil mixed with diluent to spill onto the bank of the North Saskatchewan River, with about 40 per cent or 90,000 litres reaching the river. "We haven't put the pipeline back in service because we [Read more]
Alberta energy regulator releases rules on heavy oil odours
CALGARY - Alberta's energy regulator has set new rules to deal with long-standing complaints about powerful, gassy smells from heavy oil operations in the Peace River region. The rules, released late Thursday, grew out of a 2014 inquiry held by the regulator after years of complaints from people in tiny communities neighbouring the operations. Residents had complained for years that the odours gave them headaches, nausea and diarrhea. They said their livestock was similarly [Read more]
Well fracking companies say oilfield services prices still too low for profits
CALGARY - The two largest publicly traded Canadian oilfield fracking companies say prices for their services continue to be unsustainably low despite rising activity spurred by higher oil and gas prices. Calfrac Well Services (TSX:CFW) and Trican Well Service (TSX:TCW), both based in Calgary, say they don't expect a return to normal pricing levels until the second half of this year. The companies work for oil and gas producers to provide well completion services such as [Read more]
Vancouver seeking judicial review of Trans Mountain pipeline expansion
VANCOUVER - The City of Vancouver is launching another court case in a bid to derail Kinder Morgan's proposed pipeline expansion. Council members have voted to go ahead with a judicial review of the provincial government's environmental assessment of the Trans Mountain project. In June, the city filed another court challenge aimed at quashing the National Energy Board's recommended approval of the $6.8-billion project. The federal government has already approved the [Read more]
TransCanada asks shippers to support new natural gas pipeline tolls
CALGARY - TransCanada (TSX:TRP) is proposing a new pipeline tolling system it says will allow western Canadian natural gas to be shipped to Ontario at lower rates to better compete with growing American supplies. The Calgary-based energy transport company is inviting shippers to sign long-term binding commitments by March 9 to move gas on its underutilized Canadian Mainline system from a shipping centre in Alberta to a hub in southern Ontario. Financial analysts say they expect [Read more]
Companies raise concerns that new AER reporting could be misleading
CALGARY - Some oil and gas companies are raising concerns that information in a new reporting program launched by the Alberta Energy Regulator could be misleading. The regulator launched the pipeline performance report web page Tuesday in an effort to make it easier for the public to see which oil and gas companies are falling behind on pipeline safety, and to push companies to improve. But in laying out the data in simple charts and rankings, some companies fear the information [Read more]
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