CALGARY - Oilsands producers are expected to report back-to-business third-quarter results over the next few days as they shrug off lingering impacts of last May's devastating wildfires in Fort McMurray, Alta. While provincial estimates report that Alberta oilsands production dropped by about one million barrels per day in May and by about 700,000 bpd in June, financial analysts say the industry's main players were producing normal volumes in the three-month period that followed. [Read more]
NEB revises down oil production outlook on lower prices, changing regulations
CALGARY - The National Energy Board has revised down its long-term outlook for oil prices and Canadian production in the face of lower global industry costs and stricter environmental regulations. In an update released Wednesday, the regulator projects inflation-adjusted oil prices rising to US$68 a barrel by 2020 and US$90 by 2040, $12 and $17 a barrel lower, respectively, than in its January report. "A lot of it is the ability of oil production to be sustained at lower prices," [Read more]
Trilogy estimates pipeline spill at 250,000 litres of oil and water
CALGARY - Trilogy Energy Corp. estimates a leak from its pipeline in west-central Alberta released 250,000 litres of oil and water before it was discovered in early October. The company announced the preliminary estimate Tuesday, the same day the Alberta Energy Regulator formally launched an investigation of the spill 16 kilometres northeast of Fox Creek, Alta. The regulator said it would determine its own estimate of the size of the spill, which was made up of equal parts oil [Read more]
Carr tells climate forum fossil fuel wealth can’t be left in the ground
OTTAWA - Two federal cabinet ministers danced around the issue of approving new oil pipelines at this week's climate conference in Ottawa, but both concede that Liberal policy decisions will upset some Canadians. "We're not going to make everybody happy," Natural Resources Minister Jim Carr said Friday to the Canadian Climate Forum, packed with green technology advocates, environmental economists, NGOs and climate scientists. As if on cue, Prime Minister Justin Trudeau later [Read more]
Husky Energy wants more time for report after pipeline leak in Saskatchewan
REGINA - Husky Energy has asked for more time to submit technical reports on an oil pipeline spill into the North Saskatchewan River in July. The Saskatchewan government says Husky (TSX:HSE) has been granted a 30-day extension on the metallurgic review of the failed pipe and a geotechnical report on the land where the failure occurred. Doug MacKnight is with the Ministry of Economy's petroleum and natural gas division, which is responsible for licensing pipelines and overseeing [Read more]
More climate measures coming this fall before Trudeau meets premiers: McKenna
OTTAWA - The Liberal government's carbon levy won't be the only climate policy move announced this fall, says the federal environment minister. Catherine McKenna says more federal measures will be rolled out before Prime Minister Justin Trudeau sits down with the premiers in Ottawa on Dec. 8 to hammer out a full pan-Canadian climate blueprint. "The intention is to put some of our plans out through the fall in the lead-up to the first ministers' meeting," McKenna said Thursday [Read more]
NDP pushes for pipeline inspection reports to be made public in Saskatchewan
REGINA - The Opposition is pushing the Saskatchewan government to release information about oil pipeline inspections. NDP environment critic Cathy Sproule says she asked to see all inspections done on Husky pipelines since 2011, but the request was denied because the government is still investigating an oil spill from a Husky pipeline in July. About 250,000 litres of oil mixed with a lighter hydrocarbon spilled into the North Saskatchewan River near Maidstone in July and cities [Read more]
Energy East pipeline ‘will happen,’ but taking too long: Arthur Irving
HALIFAX - The chairman of Irving Oil confidently predicted Thursday the proposed Energy East Pipeline still being examined by federal regulators "will happen," though he thinks the process is taking too long. Arthur Irving said Thursday that Alberta's struggling economy urgently needs the pipeline to transport its crude oil, and his firm is eager to partner with TransCanada (TSC:TRP) to build a deepwater terminal in the Bay of Fundy. "That will happen, but it's taking a little [Read more]
AltaGas gives green light to North Pine propane plant in northeastern B.C.
CALGARY - AltaGas Ltd. (TSX:ALA) has decided to go ahead with construction of a propane extraction plant in northeastern British Columbia that will supply the proposed Ridley Island export terminal near Prince Rupert, B.C. . The Calgary-based company says the North Pine processing facility, 40 kilometres northwest of Fort St. John, B.C., is designed to have two phases with an ultimate capacity for processing up to 20,000 barrels per day. Site preparation for the first phase is [Read more]
Alberta’s Notley promises details of coal phase-out plan coming this fall
EDMONTON - Premier Rachel Notley says Alberta will roll out specifics this fall of its plan to phase out coal-fired electricity and promote renewable energy. Notley, in a state-of-the-province speech Wednesday, said the plan will include financial help to coal emitters closing their plants and transitioning to cleaner forms of power. There will also be details on how proponents will be able to bid to replace coal generation in the Alberta market. "And we will set out more [Read more]
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