BOE Report

U.S. Senate debates Keystone XL before milestone vote on pipeline bill

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WASHINGTON - The woman who almost forced U.S. President Barack Obama to make a decision on the Keystone XL pipeline stood quietly on the Senate floor as her plans went down in flames Tuesday.Democratic Sen. Mary Landrieu had pushed the chamber to take its first-ever vote on the pipeline after a half-decade of debate. The result was what Senate-watchers called the biggest nail-biter vote in years.She fell one vote shy of putting a pipeline bill on the president's desk — which would have forced [Read more]

Activist investor Sandell pushes for changes at TransCanada Corp.

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CALGARY - An activist investor is urging pipeline and power giant TransCanada Corp. (TSX:TRP) to make big changes to its corporate structure in order to boost its share price.In a letter released Monday, Sandell Asset Management Corp. said the Calgary-based company hasn't made the most of its master limited partnership, TC Pipelines LP — a publicly traded vehicle with tax benefits into which TransCanada has been transferring some of its U.S. assets.It also wants TransCanada — the company behind [Read more]

Vermilion snags foothold in U.S. with deal in Wyoming’s Powder River Basin

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CALGARY - Vermilion Energy Inc. (TSX:VET) has made its first foray south of the border and though it may be small at $11 million, a company executive said there could be meaningful growth ahead.Last week, Vermilion revealed an acquisition in northeastern Wyoming's "prolific" Powder River Basin. The transaction, with an unidentified seller, covers about 27,500 hectares of land, 98 per cent of which is undeveloped.The land includes a 70 per cent operated working interest in a tight oil project in [Read more]

Alberta legislature resumes amid low oil, critics eye return of bitumen bogeyman

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EDMONTON - Alberta's provincial politicians begin their fall session this week with a reset legislative agenda and a new premier madly crunching numbers under the Damoclean sword of plunging oil prices.Opposition critics, meanwhile, say low oil means Albertans better brace for an encore of the bitumen bogeyman and opening night of the great Prentice promise pullback.The session begins Monday with a speech from the throne to outline the priorities and goals of Premier Jim Prentice's Progressive [Read more]

Alberta premier shrugging off negative comments from U.S. president on Keystone

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BANFF, Alta. - Alberta's premier isn't concerned about negative comments from U.S. President Barack Obama regarding the Keystone XL pipeline.Jim Prentice says the Republican-controlled House of Representatives' passing a bill to approve the US$8-billion pipeline that would carry bitumen from Alberta to refineries and ports in Texas is good forward momentum.He says there is a tougher road ahead when it goes to the Senate and hopefully to the U.S. president for approval.Obama questioned the [Read more]

Saskatchewan premier ‘hopeful’ after Keystone pipeline bill clears hurdle

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REGINA - Saskatchewan's premier says he's hopeful that the Keystone XL oil pipeline will be approved now that it has cleared a major hurdle in the U.S. legislative process.The Republican-controlled House of Representatives has passed a bill to approve the US$8-billion pipeline that would carry bitumen from Alberta to refineries and ports in Texas.And supporters have said they are confident they'll have the 60 votes needed when the bill goes before the Senate next week.Brad Wall says there is [Read more]

US House of Representatives overwhelmingly passes Keystone XL bill

WASHINGTON – The Republican-controlled House of Representatives has passed legislation to approve the Keystone XL oil pipeline from Canada to Texas, and the Senate may follow next week. The House voted 252-161 on a bill sponsored by Republican Rep. Bill Cassidy of Louisiana. The pipeline has been stalled by environmental reviews, objections to its route and politics for six years. But the latest bid by House Republicans has the best chance of reaching President Barack Obama’s [Read more]

Energy giant wins injunction to rid anti-pipeline activists from B.C. site

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VANCOUVER - Activists facing off against energy giant Kinder Morgan have been ordered off a Metro Vancouver conservation site by a B.C. Supreme Court judge who also noted the importance of considering citizens' opposition to activities they view as destructive.Associate Chief Justice Austin Cullen granted the company an injunction Friday, saying a group of anti-pipeline protesters must dismantle encampments on Burnaby Mountain by 4 p.m. Monday."It is, of course, important to consider the [Read more]

Saskatchewan premier says Obama will hurt Democrats if he vetoes Keystone XL

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REGINA - Saskatchewan Premier Brad Wall says lobbying in the U.S. to approve the Keystone XL pipeline appears to be paying off.The U.S. House of Representatives is preparing to vote on TransCanada Corp.'s (TSX-TRP) pipeline on Friday.If approved, the bill would then move to the Senate and then to U.S. President Barack Obama.The US$8-billion line would take bitumen from Alberta diagonally across the continent to refineries and ports in Texas.Wall, who supports the project, says Obama would hurt [Read more]

A list of pipeline projects in Canada that have been the subject of controversy

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OTTAWA - Mounting opposition from environmentalists and in his home province of Quebec has not quelled NDP Leader Tim Mulcair's enthusiasm for a west-east pipeline across Canada. Here are a few other controversial pipeline projects in the country:Keystone XLKeystone XL is a proposed 1,897-kilometre pipeline that would carry crude oil from Hardisty, Alta., to Steele City, Neb., where it would link up with other pipelines that run to the Gulf Coast and the U.S. Midwest.The pipeline would carry an [Read more]