CALGARY - For the mayor of North Bay, Ont., it's all about protecting the city's sole source of drinking water from a pipeline spill.When TransCanada Corp. files a regulatory application later this month for its $12-billion Energy East pipeline, Al McDonald says he'll be looking for assurances that Trout Lake, and the creeks that feed into it, won't be harmed by an oil spill."I have to look my community in the eye and say that I've done everything I can to protect our only source of drinking [Read more]
Nova Scotia could miss economic opportunity with fracking ban: finance minister
TORONTO - Nova Scotia could be missing out on an economic opportunity by banning high-volume hydraulic fracturing, federal Finance Minister Joe Oliver warned Thursday after the province decided to indefinitely prohibit fracking for onshore shale gas.Oliver argued that fracking has been going on in several provinces for decades without any contamination of drinking water.However, he didn't point out that the Nova Scotia ban specifically applies to high-volume fracking, which requires far more [Read more]
Northern Gateway pipeline unlikely to start up by 2018, project president says
CALGARY - The president of the Northern Gateway pipeline says it's unlikely the project will start up in 2018 as the company seeks to win over B.C. First Nations groups, many of which remain adamantly opposed to the $7.9-billion project."We have stated that the earliest in-service date was 2018. That's quickly evaporating because we need to have this time to meet with people," John Carruthers told a Calgary business audience on Thursday."I'm not as fussed on what that date is. I'm more fussed on [Read more]
Nova Scotia to introduce legislation to ban fracking for onshore shale gas
HALIFAX - The Nova Scotia government will prohibit high-volume hydraulic fracturing for onshore shale gas, saying Wednesday the ban will remain in place until the province's population is ready to embrace the industry.Energy Minister Andrew Younger said Nova Scotians have made it clear they are "not comfortable" with fracking."There is not a community in this province ... where there's a large number of people pushing to allow hydraulic fracturing," Younger told a news conference in Halifax."The [Read more]
Halliburton reaches $1B settlement of plaintiff suits from Gulf of Mexico oil spill
NEW YORK - Halliburton agreed to pay $1.1 billion to settle what it calls "a substantial portion" of plaintiff claims arising from the 2010 BP oil spill in the Gulf of Mexico.The settlement, if approved by a federal court, would allow businesses and property owners who were hurt by the oil spill to collect punitive damages from Halliburton through a fund to be administered by a court-appointed representative. These plaintiffs will receive or have already received compensation for their economic [Read more]
Premiers close to agreeing on outline of energy deal: Northwest Territories
CHARLOTTETOWN - Quebec's rookie premier, Philippe Couillard, made his presence felt at his first meeting with Canada's other premiers, agreeing Friday to have his province join in the development of a national energy strategy that had been stalled by a previous separatist government.Couillard, among 13 provincial and territorial leaders attending an annual meeting in Charlottetown, said at the conclusion of the conference that he had concerns about joining the Canadian Energy Strategy, which has [Read more]
Trudeau 50 years late on shale gas, New Brunswick Premier David Alward says
CHARLOTTETOWN - Federal Liberal Leader Justin Trudeau is a half century behind when he says there should be greater scientific study before the shale gas industry expands, Premier David Alward said Thursday.Alward leader took an unprompted shot at Trudeau's position at the end of a news conference about a labour mobility agreement with British Columbia."Justin Trudeau is 50 years late," the Progressive Conservative leader said in Charlottetown."The reality is the scientific work has been taking [Read more]
AER says Plains making progress on safety, but will continue to monitor
CALGARY - The pipeline company behind two high-profile oil spills has improved its safety practices, but there's still more work to be done, an audit by the Alberta Energy Regulator has found.The watchdog said in a report this week that Plains Midstream Canada has not met, or just partially met, many of the requirements of a safety audit.However, it said: "As a result of improvements and initiatives undertaken by PMC over the last year, the AER's overall conclusion is that PMC has and maintains [Read more]
Shell Canada using ‘warehouse’ approach to drive down oilsands costs
CALGARY - Shell Canada Ltd., in an effort to cut costs and boost efficiency at its oilsands operations, has found inspiration in an unlikely place: online retailer Amazon.The company recently adopted a "warehousing" approach to how it manages its tools and equipment, president Lorraine Mitchelmore told reporters Wednesday. That way, workers don't waste their time hunting down a piece of pipe and trucks don't sit idle while mechanics wait on a certain part.Right now, Shell has the ability to [Read more]
Scotiabank’s commodity price index heads down in July, affected by oil prices
TORONTO - Scotiabank's commodity price index edged down by 0.3 per cent on a month-over-month basis in July due to lower oil prices as supply concerns about Libya and Iraq eased.The oil and gas sub-index was down 3.9 per cent month-over-month in July.However, Scotiabank commodity market specialist Patricia Mohr says while traders have bid down near-term oil prices, current geopolitical developments will reduce supply over the long term.Mohr noted that the December 2019 oil futures contract is up [Read more]
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