CALGARY - Real estate firm Cushman & Wakefield is ranking Calgary with Moscow, Houston, and Aberdeen, Scotland, as the "oil-centric cities" whose downtown office real estate markets have been hardest hit by the global oil price shock. In a new report, it predicts the vacancy rate for downtown Calgary's Class-A buildings — the best quality offices in the tallest buildings — will hit 27.5 per cent by the end of next year, the highest since the company began tracking numbers in 1985. [Read more]
Liberals name five-person panel to overhaul mandate of National Energy Board
OTTAWA - The Liberal government has named a diverse, five-person panel to make recommendations on overhauling the national energy regulator. The group appointed Tuesday by Natural Resources Minister Jim Carr will examine the structure, role and mandate of the National Energy Board, which has become embroiled in controversy over its reviews of contested oil pipeline proposals. The panel is to report to Carr by March 31 — not by the Jan. 1 deadline initially announced by the [Read more]
Woodfibre LNG to become first LNG export project, but industry doubts persist
CALGARY - Woodfibre LNG is set to become the first liquefied natural gas export project in the country, but whether it marks the launch of a national LNG industry on a mass scale is clouded in doubt. Canada's export ambitions, based largely in B.C., have been hit with a series of setbacks this year. In July, Shell announced it was indefinitely postponing its LNG Canada project. Petronas, the Malaysian state-owned company behind Pacific Northwest LNG, has also delayed a final investment [Read more]
B.C. lays out West Coast spill response needs ahead of expected federal plan
VICTORIA - British Columbia's demands for a world-leading marine oil spill response has a long list of requirements, including a coast guard base at Prince Rupert and a multimillion-dollar price tag for the federal government. The B.C. and federal governments have been in talks for months to develop a West Coast spill response system, and Prime Minister Justin Trudeau's Liberal government is expected to announce its plans on Monday. Trudeau is in Vancouver Monday where he has scheduled a [Read more]
Energy producers get 129 wells approved under new Alberta royalty framework
CALGARY - Alberta Energy says it has already approved applications for 129 new wells under its new royalty regime for oil and gas producers. The NDP government's framework officially kicks in Jan. 1, but it announced in July that companies would be allowed to make early applications under the regime for new wells. Energy Minister Marg McCuaig-Boyd says each new wells supports about 135 direct and indirect jobs and represents about $4.5 million in spending, adding more [Read more]
Panel poses six questions for federal approval of Trans Mountain pipeline
CALGARY - A panel struck last May to identify gaps in reviews of the proposed Trans Mountain pipeline expansion says the government must answer six key questions before deciding the fate of the $6.8-billion project. In its report released Thursday, the three-member panel, which heard from thousands of people from Alberta and B.C. at meetings and via an online questionnaire, says its mandate doesn't include making conclusions or recommendations. Instead, it said the government [Read more]
Alberta government fleshes out plan to meet its renewable power targets
CALGARY - The Alberta government plans to use revenues from its carbon levy on large emitters to help spur investment in green power. Environment Minister Shannon Phillips outlined details of the Renewable Electricity Program on Thursday as she announced proposed legislation aimed at getting the province to its 30 per cent renewable target by 2030. Currently, 10 per cent of the province's power comes from renewables such as wind, solar and hydroelectric. "Albertans are [Read more]
Nova Scotia gets no bids for offshore exploration for third time in four years
HALIFAX - Oil companies have passed on exploration parcels put out for bid by Nova Scotia's offshore regulator for the third time in four years, a trend the province's energy minister says is symptomatic of a market downturn affecting the industry. The Canada Nova Scotia Offshore Petroleum Board said Thursday that the 2016 parcels are located in shallow water on the Scotian Shelf adjacent to the Sable offshore natural gas project. The call for bids was issued on May 2 and the [Read more]
Kinder Morgan Canada president doesn’t know if humans causing climate change
VANCOUVER - The president of the company that hopes to build the $6.8-billion Trans Mountain pipeline expansion says he doesn't know whether humans are contributing to climate change. Kinder Morgan Canada president Ian Anderson told the Vancouver Board of Trade on Thursday that there is disagreement about the degree to which people influence global warming. "I've read the science on both sides and I don't pretend to be smart enough to know which is right," he said. "What [Read more]
Enbridge Inc. loss narrows as oil pipeline projects come online
CALGARY - Enbridge Inc. (TSX:ENB) reported a smaller third-quarter loss Thursday as it saw increased revenue from completed projects in its liquids pipeline division. Canada's largest pipeline operator said it lost $103 million or 11 cents a share in the quarter ending Sept. 30, compared with a loss of $609 million or 72 cents per share in the same quarter last year. Revenue in the quarter totalled nearly $8.49 billion, up from $8.32 billion a year ago. The Calgary-based [Read more]
- « Previous Page
- 1
- …
- 323
- 324
- 325
- 326
- 327
- …
- 546
- Next Page »