BOE Report

Nexen Energy apologizes for pipeline leak near Fort McMurray, Alta.

CALGARY - Nexen Energy apologized Friday for a major leak in an Alberta pipeline that was only installed last year and said a warning system didn't detect it.Ron Bailey, the company's senior vice-president of Canadian operations, said it is investigating what caused the pipeline to rupture and why the system failed."We are deeply concerned with this and we sincerely apologize for the impact that this has caused," Bailey told a news conference."We will take every step that we see as reasonable [Read more]

Energy to take centre stage at meeting of provincial and territorial leaders

ST. JOHN'S, N.L. - Several of Canada's premiers say they're hopeful a Canadian Energy Strategy can be reached Friday despite regional differences on vocal display at their yearly meeting.Paul Davis, premier of Newfoundland and Labrador, said the provincial and territorial leaders made strides Thursday but need more time."I'm very optimistic about the discussions we've had today," he told reporters after the first full day of the Council of the Federation gathering in St. John's, N.L.Agreement on [Read more]

Wall says he is concerned the energy industry is seen as a liability in Canada

REGINA - Saskatchewan Premier Brad Wall launched a vigorous defence of the energy industry Wednesday, saying he is growing concerned that oil and gas development is increasingly being viewed as a liability by the rest of the country.Wall said he would be raising his concern Thursday at a meeting of premiers in Newfoundland, where a national energy strategy is expected to be discussed."We need to be more sustainable in development, but increasingly the dialogue in the country seems to be heading [Read more]

Canada needs LNG export options to avoid decline in natural gas production: CAPP

CALGARY - Canada's natural gas production will decline by about 10 per cent from current levels unless new export routes to Asia are opened, says a report released Wednesday by the Canadian Association of Petroleum Producers.The oil and gas industry group says Canada needs options for exporting liquefied natural gas by ship if the country is to avoid a decline in production over the coming years.Greg Stringham, the association's vice-president of markets and oilsands, said Canada needs to find [Read more]

New Brunswick premier optimistic national energy strategy will be reached

FREDERICTON - The premier of New Brunswick says he's optimistic an agreement on a national energy strategy will be reached this week when the country's premiers and territorial leaders meet in Newfoundland and Labrador.Brian Gallant said such a strategy would be a catalyst for projects like the proposed Energy East pipeline because it would set the guidelines for projects impacting various parts of the country.The issue has long been under discussion, and while Gallant won't get into specifics [Read more]

Finance minister says B.C.’s law blueprint for largest private investment deal

VICTORIA - Premier Christy Clark heralded her government's blueprint for British Columbia's first liquefied natural gas plant Monday as a moment destined to be etched in history as she attacked the Opposition New Democrats for opposing her plans."It really will be a historic debate, one that people will look back on for decades," she said after the government introduced LNG legislation that NDP Leader John Horgan said he will not support."They are inventing numbers out of the blue," said Clark, [Read more]

Liberals, NDP to debate proposed B.C. LNG deal during summer legislative session

VICTORIA - British Columbia's politicians are returning to the legislature to debate the details of an agreement that could pave the way for the largest private investment in the province's history — a proposed $36-billion liquefied natural gas export plant.The Pacific NorthWest LNG project planned for Lelu Island near Prince Rupert still requires federal environmental approval, and Malaysian energy giant Petronas has yet to make its final investment decision.But ratifying the project [Read more]

Policy-makers need to strike balance in setting carbon emission goals: CEOs

CALGARY - Governments needs to set a clear vision on energy goals and then let private enterprise figure out how to get there, according to the chief executives of two major North American energy companies.Greg Abel, head of Berkshire Hathaway Energy, and Doug Suttles, CEO of Encana Corp., were speaking at a Chamber of Commerce event in Calgary.Both are looking to see what kind of targets will emerge in Alberta and elsewhere as governments become more proactive in tackling carbon emissions.But [Read more]

Enbridge executive says he hopes Line 9 pipeline begins shipping oil this year

CALGARY - An Enbridge executive says he hopes the company will be allowed to start shipping crude to Montreal through its Line 9 pipeline later this year.But senior vice-president Vern Yu says there should be more clarity on the timeline when Enbridge reports its second quarter-earnings within the coming weeks.Work to reverse the flow of Line 9 between southern Ontario and Montreal was completed last fall, but Enbridge was been waiting for the National Energy Board to allow it to start up.The [Read more]

Calgary-based Chevron Canada Resources confirms plans to cut 130 jobs

CALGARY - Chevron Canada Resources has confirmed it is laying off 130 people as it restructures operations.Chevron spokesman Leif Sollid says the cuts are part of the company's efforts to establish a competitive foundation in its key focus areas of Alberta, British Columbia and Newfoundland and Labrador, but declined to provide further details.The job cuts amount to about 20 per cent of the company's workforce of more than 600 full-time employees.Calgary-based Chevron Canada Resources has [Read more]