CALGARY - The National Energy Board has ordered a subsidiary of TransCanada Corp. (TSX:TRP) to immediately stop drilling under the Athabasca River in Alberta's oilsands area after a potentially toxic substance got into the water.The order against Nova Gas Transmission Ltd. follows four separate incidents — one in October and three this month, said NEB spokesman Darin Barter.In addition to the spill, the regulator said there was riverbank erosion.The NEB is investigating how much drilling fluid [Read more]
Trans Mountain price tag rising on currency swings, project changes, delays
CALGARY - The Trans Mountain pipeline expansion is getting more expensive, but the company planning to build it says the economic case for the project is still strong.Kinder Morgan, the U.S. company behind the pipeline project, doesn't yet have a formal estimate of how the price tag has changed since its regulatory application was filed in December 2013.Back then, the company was expecting a cost of $5.4 billion and its estimates for the economic impacts of the project were based on that [Read more]
Wildrose says ailing Alberta economy shouldn’t be punished further by carbon tax
EDMONTON - Alberta's Opposition leader is accusing Premier Rachel Notley's New Democrats of letting Ottawa push the province around on its climate- change strategy.Wildrose Leader Brian Jean noted in question period that federal Environment Minister Catherine McKenna is promising that a new national target for greenhouse-gas reductions will soon be set in consultation with the provinces."Why should Ottawa be allowed to interfere with how we run our industries?" Jean asked Notley."A Trudeau [Read more]
Back to the Future: Is this oil downturn a repeat of the 1985 crash?
CALGARY - Thirty years ago, shoulder pads were all the rage, Molly Ringwald was a rising teen movie star and low oil prices were wreaking economic havoc.At least one of those will feel familiar to those working in the oil and gas industry these days.There's been talk of the current oil rout being a repeat of the price crash that began in 1985 and lasted about a decade, but a report released Thursday suggests there's reason to hope the doldrums won't last as long this time around."This is not the [Read more]
Layoff notices going out at TransCanada as customers feel pinch from low oil
CALGARY - It's been a tough week for workers at Canada's two biggest pipeline companies, with TransCanada the latest to hand out layoff notices.A TransCanada spokesman confirmed the cuts but declined to say how many jobs are being lost or what parts of the business are bearing the brunt.Mark Cooper says the company aims to be fair and respectful and won't be making those details public until those affected have heard the news first from their leaders.He says the cuts aren't related to any [Read more]
Pipeline application reviews continue despite National Energy Board changes
OTTAWA - The ongoing reviews of two major pipeline proposals will move forward even as Ottawa works to bolster the National Energy Board's environmental scrutiny of such applications, says Canada's natural resources minister.The federal regulator will proceed with its examination of applications for TransCanada's Energy East and Kinder Morgan's Trans Mountain pipeline projects, Jim Carr said during a conference call Wednesday."They have not stopped. The process continues," Carr said from Paris, [Read more]
Drilling association forecasts 2016 to be worst year in a generation
CALGARY - Canada's oil well drilling industry will continue to shrink next year and may never bounce back to recent levels, the industry's main representative body said Wednesday."The drilling and service rig industry is facing one of the most difficult economic times in a generation," Mark Scholz, president of the Canadian Association of Oilwell Drilling Contractors, said in presenting the association's 2016 forecast."The active rig count in Western Canada today is at the same level as we [Read more]
TransCanada touts projects beyond headline-grabbing Keystone XL, Energy East
CALGARY - Major pipeline proposals like Keystone XL and Energy East may have been getting an awful lot of ink recently, but TransCanada Corp. wants its shareholders to also pay attention to the smaller, less splashy aspects of its business.In addition to the $35 billion in large-scale projects it has on the go, TransCanada is working on $13 billion in small- to medium-sized developments that are expected to come into service over the next three years.None of those have been as headline-grabbing [Read more]
Enbridge cutting 500 jobs across company, leaving 100 positions unfilled
CALGARY - Pipeline operator Enbridge (TSX:ENB) is cutting five per cent of its workforce as low oil prices continue to take their toll on the energy sector.The move affects 500 people at all levels of the company in the United States and Canada.The company says it is also leaving 100 positions unfilled.Enbridge's peer, TransCanada, has also been cutting staff, starting with its higher leadership ranks.Enbridge spokesman Graham White says those receiving layoff notices will receive support and [Read more]
U.S. senator who supports carbon capture now critical of Saskatchewan project
REGINA - An American senator who has promoted the importance of carbon- capture technology is suggesting that he's been misled about its success in Saskatchewan.Sen. Joe Manchin says the carbon-capture facility at the Boundary Dam power plant has "failed to operate successfully for any meaningful period of time."Manchin is also critical of the U.S. Environmental Protection Agency for including the Saskatchewan project in its greenhouse gas emissions standards."Many of the glowing performance [Read more]
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