SASKATOON - The head of the Canadian Chamber of Commerce says politicians on both sides of the Energy East pipeline debate need to stop shouting and start talking. Perrin Beatty told the Saskatoon Chamber of Commerce that Canada is the only oil producer that doesn't ship by pipeline to major seaports. Beatty says the United States is becoming less dependent on Canadian oil, and as a consequence Canada needs to be able to ship its oil to other parts of the world that need it. Beatty says [Read more]
Repsol cuts Calgary headcount by 10 to 15 per cent as oil downturn takes toll
CALGARY - Spanish energy giant Repsol is reducing its Calgary headcount by between 10 and 15 per cent as the downturn in oil prices continues to take its toll.Spokesman Brent Anderson declined to say how many workers the company employed in the city before the latest round of cuts.Anderson concedes it has been a tough week for employees, adding that the layoff decision was not made lightly.Repsol finalized its $13-billion acquisition of Calgary-based Talisman Energy last May.The Canadian [Read more]
Calfrac Well Services cuts another 500 jobs from North American workforce
CALGARY - Calfrac Well Services Ltd. has cut another 500 jobs as gloom continues to linger over the oil and gas sector.The Calgary-based oilfield services firm says it now has 2,300 fewer workers in North America than it did at the start of 2015.U.S. benchmark crude oil prices are at around US$35 a barrel — a dramatic drop from mid-2014 highs of US$108 a barrel.Calfrac CEO Fernando Aguilar says the price weakness has led to unprecedented cuts in capital spending from the exploration and [Read more]
Canadian Natural Resources barrels ahead with Horizon oilsands expansion
CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ) is pushing ahead with $2 billion in spending on its Horizon oilsands project this year even as the company cuts a billion dollars from its 2016 capital budget.Calgary-based CNRL says completing the last two phases of the Horizon project by the end of next year is a priority. It will add 125,000 barrels a day of production and allow the company to further shift from conventional sources of oil and gas to long-life oilsands projects.CNRL says it [Read more]
Wall promises ‘constructive role’ as premiers sit down with Trudeau on climate
VANCOUVER - Prime Minister Justin Trudeau and the provincial premiers managed to bridge deep divides over carbon pricing Thursday en route to Canada's first national consensus on pursuing climate policy.But the deal hammered out in Vancouver by Trudeau and 13 provincial and territorial leaders appears destined to be relitigated in the months ahead as the hard details of the agreement take shape."The transition to a low-carbon economy will happen by a broad suite of measures, which will include [Read more]
Poll suggests two-thirds support for Energy East, but big regional divides
CALGARY - A new online poll by the Angus Reid Institute suggests 64 per cent of Canadians support the Energy East pipeline, but there are stark differences when the numbers are broken out by region.The proposal to ship Alberta crude to Atlantic Canada had the strongest backing in Alberta and Saskatchewan — 87 per cent and 78 per cent, respectively.Both are oil-producing provinces keen to get their crude to international markets — something Energy East would enable with a proposed export terminal [Read more]
TransCanada taken aback by Quebec injunction over Energy East pipeline
CALGARY - A TransCanada spokesman says the company was taken aback when the Quebec government announced it's planning legal action over the Energy East pipeline.Tim Duboyce says the Calgary-based firm believed issues surrounding the province's review of the cross-Canada oil pipeline had long been resolved.Quebec Environment Minister David Heurtel says the government sent two letters to TransCanada in late 2014 advising that Energy East must submit to a provincial environmental assessment.Heurtel [Read more]
Trudeau will spur clean tech before trying to corral premiers on climate plan
VANCOUVER - Prime Minister Justin Trudeau used a speech to a clean tech conference Wednesday to make a direct pitch for the expansion of Canada's oil and gas sector — a direction he later appeared to dial back in response to media questions.Trudeau began a day-and-a-half of meetings on climate policy with the provincial and territorial premiers by heralding the promise of jobs and opportunity in a low-carbon economy.He announced two new funds, totalling more than $125 million, to help [Read more]
Premier Notley says Alberta won’t blaze away just yet at Quebec over Energy East
EDMONTON - Premier Rachel Notley says Alberta won't blaze away yet at Quebec about its decision to seek an injunction over the Energy East pipeline.Notley says she has conferred with Quebec and the Prime Minister's Office and it appears the Quebec government wants to conduct a review of the proposed project similar to one done by Ontario last fall.She says if that is the case, Quebec would use its review to get information for a presentation it would make to the National Energy Board.But Notley [Read more]
Saskatchewan Premier Wall disappointed Quebec seeking Energy East injunction
EDAM, Sask. - Saskatchewan Premier Brad Wall says he is disappointed with Quebec's decision to seek an injunction over the Energy East pipeline.Wall says Quebec's decision is going to be politically divisive.He says the move is about environmental politics at a time when the entire country should be supporting a project that will create jobs, reduce the need to import foreign oil and get crude off the railways. Wall says it's the National Energy Board's job to deal with the proposed pipeline [Read more]
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