FORT SASKATCHEWAN, Alta. - The CEO of Royal Dutch Shell Plc says a decision to back away from its Carmon Creek oilsands project last month does not mean it's backing away from the oilsands in general.Ben van Beurden told reporters last week that his company ranks investment opportunities in its global portfolio project-by-project, not region-by-region — so the whole industry cannot be painted with the same brush as the halted 80,000-barrel-a-day Carmon Creek project in northwestern Alberta.More [Read more]
Company wants expanded Alberta rail facility to load more oil; Ottawa may review
EDMONTON - A company wants to expand its rail facility southeast of Edmonton so it can load more trains with Alberta crude for shipment across North America.USD Terminals Canada says its rail terminal near Hardisty, Alta., can already load up to two trains each with 120 railcars a day.The Canadian Environmental Assessment Agency says USD is proposing to double that capacity by building and operating new rail tracks and loading infrastructure."As proposed, the Hardisty Rail Terminal Project would [Read more]
Shell’s embrace of carbon capture reflects need to remain competitive: CEO
FORT SASKATCHEWAN, Alta. - Ben van Beurden would be the first to admit carbon capture and storage is not the most alluring technology to look at.But the CEO of European energy giant Royal Dutch Shell Plc wants CCS — unsexy though may be in the public's eye —to come as readily to mind when thinking about combating climate change as windmills would.Van Beurden was among the dignitaries to crank a big yellow valve at Shell's oil processing complex in Fort Saskatchewan northeast of Edmonton last [Read more]
PrairieSky buying chunk of Canadian Natural royalty holdings for $1.8-billion
CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ) is selling most of its royalty land holdings to PrairieSky Royalty Ltd. (TSX:PSK) for $1.8 billion in stock and cash as it looks to strengthen its balance sheet in the face of low oil prices.The friendly deal would see CNRL transfer 81 per cent of its royalty volume to PrairieSky, consisting of the equivalent of 6,700 barrels per day of oil and natural gas production, and about 21,850 square kilometres of royalty land — nearly four times the [Read more]
‘It sucks:’ Hardisty, town at start of Keystone XL, takes stock of rejection
HARDISTY, Alta. - Lee Hayes and his coworker Dave Stuart have a blunt assessment of U.S. President Barack Obama's rejection of the Keystone XL pipeline: "It sucks."The two 50-something men make their living maintaining equipment in the tiny, quiet town of Hardisty, Alta., where oilsands crude was to have begun its journey along Keystone XL."It creates a domino effect," Hayes says of the blow to the US$8 billion project. "Plus, the price of oil is down right now."Stuart agrees the nixing of [Read more]
How Stephen Harper’s old schoolmate helped kill the Keystone XL pipeline
WASHINGTON - One of the great ironies of the interminable saga of Keystone XL is that two of its principal antagonists were unaware that they went to grade school together.In the midst of one of the biggest environmental fights in American politics, the best-known activist on one side learned of his distant connection to the most powerful politician on the other: Stephen Harper.So these old grade-school alumni duked it out from a distance as the pipeline escalated from a regional land dispute to [Read more]
New Brunswick premier pitches Energy East pipeline as Keystone rejected by Obama
CHARLOTTETOWN - New Brunswick's premier says he's hopeful that U.S. President Barack Obama's rejection of the Keystone XL pipeline will give added impetus to an east-west pipeline that flows to his province.The lengthy saga of the Keystone pipeline ended Friday when Obama called Prime Minister Justin Trudeau to break the news.The U.S. president said the pipeline had become an important symbol — and rejecting it proved the U.S. intends to get serious at the upcoming climate summit in [Read more]
Some quotes on the US decision to reject the Keystone XL pipeline project
U.S. President Barack Obama rejected TransCanada Corp.'s proposed Keystone XL pipeline project on Friday. Here is some of the reaction to the decision:"The Canada-U.S. relationship is much bigger than any one project and I look forward to a fresh start with President Obama to strengthen our remarkable ties in a spirit of friendship and co-operation." Prime Minister Justin Trudeau in expressing his disappointment to the decision.———"We both agreed that our close friendship on a whole range of [Read more]
A look at the status of other pipeline projects in Canada
CALGARY - The U.S. government announced Friday it has rejected TransCanada's Keystone XL pipeline, which would have shipped crude from Alberta's oilsands to refineries in Texas.Here is an update on the status of other major pipeline proposals in Canada as well as a look at the amount of oil shipped by rail.Energy East:TransCanada, the same company behind Keystone XL, applied to the National Energy Board in October 2014 to build the Energy East Pipeline. The project aims to ship 1.1 million [Read more]
No to Keystone disappointing for Canada-U.S. relations: Saskatchewan premier
REGINA - Saskatchewan Premier Brad Wall says rejection of the Keystone XL pipeline is disappointing, not only for the energy sector, but also because of the signal it sends about Canada-U.S. relations.President Barack Obama this morning said no to TransCanada's application to build the pipeline, saying it would not serve U.S. national interests.Obama said the project had an overly inflated role in the political discourse between both countries.Wall says the U.S. administration is putting [Read more]
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