VICTORIA - Potential delays by the federal government on deciding the fate of a liquefied natural gas project in British Columbia appeared to be causing a concern overseas even before the latest setback on Monday, with the Japanese ambassador warning that putting off a decision could mean Canada missing out on a rare opportunity.But Environment Minister Catherine McKenna said Monday she expects the federal cabinet to be ready to make a decision after another 90 days on the proposed $36-billion [Read more]
KBR to do engineering, design work for proposed Woodfibre LNG project in B.C.
VANCOUVER - A Houston-based company has been selected to do engineering and design work for the proposed Woodfibre liquefied natural gas project north of Vancouver.KBR Inc. (NYSE:KBR) said Monday it will book the first phase of its work for the project as an order backlog for its engineering and construction segment.It didn't disclose the value of that work, which will be managed from KBR's Houston office.Federal Environment Minister Catherine McKenna announced Friday that an assessment done by [Read more]
Penn West Petroleum to withdraw from one of its core areas, selling Slave Point
CALGARY - Penn West Petroleum Ltd. (TSX:PWT) says it has negotiated the sale of an additional $230 million of assets, including a formerly core property in the Slave Point area of northern Alberta.The Slave Point transaction is worth $148 million. The sale of non-core assets will add a further $80 million in cash.Penn West says the sale of Slave Point will reduce its overall operating costs.It also expects to have room to develop and grow through its Cardium play south of Slave Point and its [Read more]
China-based Geo-Jade offers $575 million cash to take over Bankers Petroleum
CALGARY - Bankers Petroleum Ltd. (TSX:BNK) has received a friendly takeover offer that values the Calgary-based company at $575 million, excluding debt obligations.The directors and management of Bankers are fully supporting the offer from Charter Power and a numbered Alberta company, which are affiliates of China-based Geo-Jade Petroleum Corp.Under the proposal, Bankers would maintain a corporate and technical headquarters in Calgary and operational offices in Albania, Hungary and Romania.David [Read more]
Alberta Energy Regulator to release report into 2013 Primrose oilsands leak
CALGARY - Excessive steaming was one of the factors that caused more than one million litres of oily water to ooze to the surface at an eastern Alberta oilsands site nearly three years ago, an investigation by the Alberta Energy Regulator has concluded.The AER's report released Monday also said the bitumen-water emulsion was able to travel from deep underground through old unused wellbores, natural fractures and faults as well as man-made cracks in the rock."This is one of the most complex [Read more]
Tensions high during Quebec’s environmental hearings into Energy East pipeline
LEVIS, Que. - As Luc Villeneuve begins talking to a reporter about his renewable energy foundation, he is abruptly interrupted outside the conference room where public hearings on Energy East are taking place."You didn't come here in an electric car, did you?" truck driver Michel Morin asks in a taunting voice.Villeneuve, 46, a little shaken, replies he would love to buy such a car."But there is oil in the car you drove here, isn't there?" Morin aggressively counters, before storming off into [Read more]
Ottawa fleshes out how it proposes to measure upstream greenhouse gases
CALGARY - The federal government has fleshed out how it proposes to measure upstream greenhouse gas emissions resulting from new resource projects.Ottawa announced in January that federal project reviews will take into account the broader climate impacts of projects like pipelines and liquefied natural gas facilities.A notice in the Canada Gazette sets out the Environment Department's proposed methodology for coming up with estimates and interested parties have 30 days to comment.The approach is [Read more]
$36 billion dollar B.C. LNG approval deadline next week ‘premature’ as feds review documents
VICTORIA - A deadline in the approval process for a proposed $36 billion liquefied natural gas project planned for British Columbia's northern coast is now being called premature as federal officials review a glut of new documents.Statements from the Canadian Environmental Assessment Agency and federal Environment Minister Catherine McKenna say it's likely too early to expect an answer for the proposed Pacific NorthWest LNG plant at Lelu Island near Prince Rupert by the March 22 deadline.But the [Read more]
Oil industry downturn makes for low bidding for Stampede chuckwagon ads
CALGARY - Mark Sutherland knows first-hand just how bad the downturn in Canada's oil and gas sector really is.The 45-year-old chuckwagon driver was one of the first to lose his job in 2015 in community relations at a major oil and gas company after 15 years on the job.He saw the impact again Thursday night at the annual chuckwagon canvas auction for the Calgary Stampede.That's the event that gives businesses a chance to bid on one of 36 chuckwagon drivers. The winners pay to have their company [Read more]
Pembina Pipeline to pay $556M for Paramount sour natural gas processing assets
CALGARY - Pembina Pipeline Corp. (TSX:PPL) says it will pay more than $550 million to buy natural gas processing assets from Paramount Resources.The Musreau complex assets, some 15 kilometres from Pembina's Cutbank complex near Grand Prairie, Alta., include Paramount's recently constructed Kakwa sour natural gas processing complex and associated infrastructure, a sales gas pipeline and future disposal wells.Pembina would also get Paramount's preliminary engineering studies, licences and surface [Read more]
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