CALGARY - A proposal by oilsands giant Suncor Energy to leave some of its more difficult-to-produce reserves in the ground, to reduce emissions and costs, is being endorsed by environmentalists — but not by rival producer Cenovus Energy. CEO Steve Williams said Suncor has asked the Alberta government to allow it to "strand" some of its oilsands reserves if they're too expensive to produce, or if they'd add too greatly to the intensity levels of its overall greenhouse gas emissions. [Read more]
TransCanada Q2 profit falls 14% to $365 million as it absorbs Columbia Pipeline
CALGARY - The oil spill in Saskatchewan could increase public skepticism of pipeline projects, says the CEO of TransCanada, the company behind the proposed Energy East Pipeline. "All of these incidents shake public confidence," Russ Girling said in an interview. "There's no question that things like that cause people concern, and rightfully so." Last week, a Husky Energy pipeline spilled between 200,000 and 250,000 litres of oil into the North Saskatchewan River, leaving cities [Read more]
Crude-by-rail shipments on steady decline month-over-month in 2016: StatsCan
CALGARY - Shipments of crude-by-rail have shown a steady decline this year and railway executives see little hope of a quick turnaround. The latest data from Statistics Canada, released Wednesday, reveal shipments of railcars filled with fuel and crude oil have dropped every month since January, both compared with the previous month and the same month the year before. May saw the highest drop, plunging by a third to 6,566 rail cars, as the wildfire hazard in Fort McMurray, [Read more]
Giant hose awaits pumps to move vital water into Saskatchewan city
PRINCE ALBERT, Sask. - Saskatchewan Premier Brad Wall says his top concern right now is making sure communities affected by an oil spill have enough drinking water and the wider debate over pipelines can wait. "We need to make sure that drinking water is available, that potable water is available to communities affected by this. That's the first challenge," he said Wednesday in Regina. "We'll get into the debate on pipelines versus rail or how we move oil across this country at a [Read more]
More Saskatchewan towns take precautions in advance of oil slick’s arrival
MELFORT, Sask. - Husky Energy knew something might be wrong with one of its oil pipelines about 14 hours before it told the Saskatchewan government of a leak which has since forced communities along the North Saskatchewan River to seek alternative drinking water. In an update posted to its website Tuesday, the company said its monitoring detected "pressure anomalies" last Wednesday at 8 p.m. as several segments of the pipeline were being returned to service. Such a thing is common when [Read more]
Oil spill triggers Saskatchewan city to shut down water intake
PRINCE ALBERT, Sask. - Communities affected by an oil spill in the North Saskatchewan River can expect precautionary drinking water measures to be in place for weeks or even months, says a Saskatchewan government official. "It's not going to be a short-term event," Sam Ferris with Saskatchewan's Water Security Agency said Monday. "It could go on for some time." Two cities downstream from the Husky Energy pipeline leak near Maidstone, Sask., have stopped drawing water from [Read more]
Saskatchewan city builds long water pipeline while oil flows down river
PRINCE ALBERT, Sask. - Provincial officials in Saskatchewan say a riverside city whose water supply is threatened by an oil pipeline spill is building a hose, dozens of kilometres long, to draw water from another river. Sam Ferris with Saskatchewan's water security agency said Prince Albert is constructing a line with irrigation pipe along the ground to a spot on the South Saskatchewan River near the Muskoday First Nation, between 20 and 30 kilometres away. The city of more than [Read more]
Saskatchewan city gets backup water supply ready as oil spill approaches
PRINCE ALBERT, Sask. - Officials in Saskatchewan are preparing a city of more than 35,000 people to treat storm pond water as a backup as oil from a pipeline leak makes it way along a major river in the province. Sam Ferris with Saskatchewan's water security agency said Prince Albert gets most of its water from the North Saskatchewan River, and staff there are getting ready to shut down the intakes when oil from the leak flows past the city. Ferris said the city is planning to [Read more]
ConocoPhillips Canada plans to cut upwards of 300 staff, mostly in Calgary
CALGARY - ConocoPhillips Canada says it plans to lay off 250 to 300 employees this September, with the vast majority of cuts coming from its Calgary head office. Company spokesman Rob Evans said Friday the cuts are part of a global staff realignment to match future activity levels, with Canada looking less attractive than some of its other operations. "Low commodity prices, combined with our inability to get product to new markets, has resulted in lower prices in Canada relative [Read more]
Husky oilsands project back on track after being shut down during wildfire
CALGARY - Husky Energy says its thermal oilsands project that was shut down while wildfires swept through the Fort McMurray, Alta., region in May is already back to producing bitumen at its previous level. The Sunrise oilsands project is producing about 30,000 barrels per day of bitumen, the Calgary-based company said Friday. The $3.2-billion project began construction in 2014, produced first oil in March 2015 and was gradually ramping up to full capacity of 60,000 bpd when the wildfire [Read more]
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