PRINCE ALBERT, Sask. - Premier Brad Wall says more tests are needed before drinking water intakes can be reopened after an oil spill on the North Saskatchewan River, despite good preliminary results. A report released Wednesday by Husky Energy said more than 900 water samples taken at about 60 locations from the spill site near Maidstone to Prince Albert, about 385 kilometres downstream, have met Canadian drinking water standards since July 24. "That still means there's more work [Read more]
Trinidad just increased its quarterly revenue by NOT drilling
CALGARY - In an odd twist linked to the energy industry downturn, one of Canada's largest drilling companies says it earned more revenue in the second quarter from clients who didn't want it to go to work than from those who paid to have wells drilled. Trinidad Drilling (TSX:TDG) said customers who didn't want to produce oil and gas in a depressed price market paid almost $50 million in the three months ended June 30 to either terminate take-or-pay drilling contracts or in standby fees [Read more]
Irving Oil to buy Ireland’s only refinery from Phillips 66; price undisclosed
SAINT JOHN, N.B. - Irving Oil has struck a deal to buy Ireland's only refinery in a move that could help the New Brunswick-based company fulfil its ambitions of shipping crude overseas. The privately owned firm announced Wednesday it is buying the Whitegate refinery near Cork for an undisclosed price. The purchase of the 57-year-old refinery from Houston-based Phillips 66 will extend Irving Oil's reach across the Atlantic, the company said. "It's a good day for our [Read more]
Enbridge to spend US$1.5 billion for minority stake in Bakken pipeline system
CALGARY - Enbridge Inc. and partner companies have struck a US$2-billion deal to buy about one-third ownership in a pipeline system that will carry crude oil from North Dakota to the U.S. Midwest and the U.S. Gulf Coast. Calgary-based Enbridge (TSX:ENB) will provide US$1.5 billion to its affiliate Enbridge Energy Partners (NYSE:EEP), which will acquire a 27.6 per cent indirect interest in the Bakken pipeline system Ohio-based Marathon Petroleum will pay a further US$500 million [Read more]
Emergencies and advisories in place from the oil spill in Saskatchewan
PRINCE ALBERT, Sask. - A Husky Energy (TSX:HSE) pipeline spilled up to 250,000 litres of oil mixed with a lighter hydrocarbon called a diluent into the North Saskatchewan River near Maidstone almost two weeks ago. Here are some details updated Tuesday. Emergencies The Rural Municipality of Prince Albert, the City of Prince Albert, the Rural Municipality of Buckland and the Muskoday First Nation remained under states of emergency Tuesday. The declaration gives communities special [Read more]
Interim water sample results coming Wednesday after Saskatchewan oil spill
PRINCE ALBERT, Sask. - Washing machines that normally churn with clothes and linens at Marlin Labossiere's laundromat have been sitting idle for nearly two weeks because of an oil spill on the North Saskatchewan River. "Well I'm shut down completely, so it's affected myself and my daughter who are both involved with the laundromat and also staff too," Labossiere said Tuesday. "I can't give them any time of work or anything like that, so they're suffering too." [Read more]
TransCanada to develop US$800M energy storage and transportation project in Mexico
CALGARY - TransCanada Corp. says it's investing more in Mexico with plans to develop an US$800-million refined fuel storage and transportation project. The Calgary-based company (TSX:TRP) is partnering with Sierra Oil and Gas and Grupo TMM on the project that will have TransCanada holding a 50 per cent interest. The deal includes a marine terminal near Tuxpan, Veracruz, 265 kilometres of pipeline, and an inland storage and distribution hub in central Mexico. TransCanada [Read more]
Crews dig up breached Husky pipeline, but cause of oil leak still unknown
PRINCE ALBERT, Sask. - The Saskatchewan government says the breach that leaked up to 250,000 litres of oil and other material into a river earlier this month has finally been found, but word on what caused it will have to wait. Laurie Pushor, the deputy minister of the economy, says the section of the Husky Energy (TSX:HSE) pipeline where the spill occurred into the North Saskatchewan River near Maidstone, Sask. on July 20 was dug up Friday. Pushor says the excavation has now [Read more]
New water supply to Saskatchewan city to deal with Husky oil spill by weekend
PRINCE ALBERT, Sask. - Saskatchewan's third-largest city was expecting to have alternate sources of water on the weekend to help deal with an oil spill that has tainted the river it usually draws from. Prince Albert shut down its intake from the North Saskatchewan River on Monday to protect its treatment plant and the public after oil from a Husky Energy (TSX:HSE) pipeline breach upstream reached the city. City crews have set up pumps and run a giant 30-kilometre-long hose from [Read more]
Enbridge scorched by Alberta wildfires; Q2 profit falls 47%, revenue by 8%
CALGARY - The head of Canada's largest pipeline company is touting the increased safety of the industry as he awaits word on the fate of two major expansion projects from the Trudeau government. Enbridge (TSX:ENB) chief executive Al Monaco said on an investor call Friday that the heightened critical focus on the industry has led to significant improvements. "The fact of the matter is that the additional scrutiny, and the tension — although perhaps uncomfortable — is leading the [Read more]
- « Previous Page
- 1
- …
- 341
- 342
- 343
- 344
- 345
- …
- 545
- Next Page »