VANCOUVER - Kinder Morgan took its fight with the City of Burnaby, B.C., directly to residents on Friday, the latest salvo in an ongoing feud over the proposed expansion of its Trans Mountain pipeline.A letter distributed to residents near the company's Westridge marine terminal in Burnaby blamed city council for blocking its survey crews from Burnaby Mountain, home to Simon Fraser University and a expansive conservation area.Kinder Morgan's preferred route through the mountain would avoid [Read more]
Statoil puts Corner project on hold for at least three years, cuts 70 jobs
CALGARY - Statoil has put its Corner oilsands project on hold for at least three years as it grapples with rising costs.The decision means about 70 jobs will be cut, the Norwegian energy firm said Thursday.In a statement on its website, Statoil said improvements have been made to the project, but it has decided not to go any further at this stage."Costs for labour and materials have continued to rise in recent years and are working against the economics of new projects," said Statoil Canada [Read more]
US oil industry offers crude-train testing standards after accidents highlight risks
BILLINGS, Mont. - The oil industry's lead trade group released new standards on Thursday for testing and classifying crude shipped by rail after prior shipments were misclassified, including a train that derailed in Canada and killed 47 people.But as with earlier orders from the federal government, the industry's standards generally leave it to individual companies to decide how often to test crude in order to gauge its danger.The American Petroleum Institute said the standards were crafted in [Read more]
Petronas threatens to pull out of LNG project, Financial Times reports
CALGARY - B.C. Premier Christy Clark says a threat by Petronas to quit a proposed liquefied natural gas project is just part of negotiations over the province's tax take, but experts say the Malaysian firm's message should be cause for worry. The Financial Times quotes Petronas chief executive Shamsul Abbas as saying he's ready to call off the $10-billion project to be built near Prince Rupert, B.C., amid a delayed regulatory approval process, plans by the provincial government to impose an LNG [Read more]
Quebec backs environmentalists to stop TransCanada exploratory drilling
MONTREAL - A judge has suspended exploratory drilling for the TransCanada oil terminal in eastern Quebec after objections by environmentalists.The decision by Quebec Superior Court Justice Claudine Roy to grant a temporary injunction on Tuesday stops the Alberta-based company from conducting seismic surveys in Cacouna until Oct. 15.That work involved studying the composition of the sea bed in that part of the Lower St. Lawrence to determine where the port could be built.The marine terminal would [Read more]
Fracking opponents say Liberal win in New Brunswick will pause shale gas sector
FREDERICTON - The Liberal victory in New Brunswick will provide a needed break in the development of the shale gas industry, say opponents of hydraulic fracturing who vowed to hold the party to its promise to impose a moratorium on the disputed practice.Lois Corbett of the Conservation Council of New Brunswick said Liberal Leader Brian Gallant's win in Monday's provincial election will give politicians and experts time to study fracking while slowing growth of the shale gas sector."This pause [Read more]
TransCanada says Keystone XL surges to $10 billion during six years in limbo
CALGARY - Costs for the long-delayed Keystone XL pipeline will likely balloon from US$5.4 billion to as much as US$10 billion, TransCanada Corp. confirmed Friday, as the project marked its sixth year in regulatory limbo.CEO Russ Girling told the Wall Street Journal that the price tag could rise to a "number that gets you into the high single digits to a 10 number." Company spokesman Shawn Howard confirmed the remarks."It is worth noting that increased project costs mean higher costs for refiners [Read more]
Talisman eyeing Scottish vote, but says North Sea faces bigger challenges
BANFF, Alta. - Of all the issues Talisman Energy Inc. has been grappling with in the North Sea, the prospect of Scottish independence wasn't at the top the list, CEO Hal Kvisle said Thursday before Scots voted to stay in the United Kingdom.Polls had suggested a razor-thin margin between the pro- and anti-independence camps, but a majority of Scots voted against a split. Scottish independence leader Alex Salmond conceded defeat early Friday.Talisman's (TSX:TLM) United Kingdom operations — based [Read more]
B.C. court denies Burnaby’s bid to block Trans Mountain survey crews
VANCOUVER - A British Columbia court has rejected the City of Burnaby's latest bid to block Kinder Morgan crews from its land.A B.C. Supreme Court judge dismissed an application on Wednesday for an injunction against survey crews on Burnaby Mountain, the company's preferred new route for its Trans Mountain pipeline.Judge Brenda Brown did not immediately give reasons for her decision and Burnaby Mayor Derek Corrigan did not return a call seeking comment.The legal action was the latest tussle in [Read more]
Federal study of Pennsylvania well site finds fracking didn’t ruin nearby water supplies
PITTSBURGH - The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found [Read more]
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