BOE Report

TransCanada files application to NEB for Energy East crude pipeline

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CALGARY - After dozens of open houses and thousands of conversations across six provinces, TransCanada Corp. (TSX:TRP) has filed its regulatory application for its massive cross-Canada Energy East pipeline.But the hard part for TransCanada (TSX:TRP) was just beginning Thursday as copies of the document — each fills 68 binders in 11 boxes — arrived at the National Energy Board's headquarters in Calgary.TransCanada must convince a skeptical public that the pipeline won't cause environmental harm [Read more]

South Dakota poll: 60 percent support Keystone pipeline

SIOUX FALLS, S.D. — A scientific poll done by two media organizations found wide support among South Dakotans for the Keystone XL pipeline. The statewide survey commissioned by the Argus Leader and KELO-TV shows 60 percent backing for the project, with 30 percent opposed and 10 percent undecided. The TransCanada Corp. project would transport oil from Canadian tar sands through Montana and South Dakota to Nebraska, where it would connect with existing pipelines to carry more than 800,000 [Read more]

Questions swirl over New Brunswick position on shale gas fracking

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FREDERICTON - New Brunswick's Liberal government is facing accusations that it is wavering on its promise to implement a moratorium on shale gas fracking just as an energy company says it needs to frack more wells in order to supply the province's potash sector.Premier Brian Gallant was elected just over a month ago on a promise to implement a moratorium on fracking until more is known about ways to safeguard water, public health and the environment.But critics say the government may be straying [Read more]

B.C. pipeline opponents cemented on blocking Kinder Morgan survey work

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BURNABY, B.C. - Angry protesters stopped crews from conducting pipeline survey work on Burnaby Mountain Wednesday, forcing the company to reassess how it will finish work needed for a National Energy Board decision. RCMP officers watched as some protesters confronted a Trans Mountain survey crew, yelling "go back to Texas," while another protester crawled under a survey crew's SUV, wrapped himself around the front tire and refused to leave.Stephen Collis, a spokesman for the protesters who call [Read more]

BG Group pressing pause button on Prince Rupert LNG project, citing pricing

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CALGARY - British energy firm BG Group is hitting the pause button on its proposed liquefied natural gas project near Prince Rupert, B.C., as it takes stock of shifting market conditions."All we're doing at this point in time is pausing on Prince Rupert. We're not abandoning Prince Rupert," interim executive chairman Andrew Gould told analysts Tuesday on a conference call to discuss BG's third-quarter results."We will continue to work on the project, but not at the same rhythm that perhaps we [Read more]

Burnaby to appeal NEB decision granting Kinder Morgan access to city-owned land

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BURNABY, B.C. - The City of Burnaby, B.C., is refusing to back down from its fight with Kinder Morgan, saying it plans to appeal a National Energy Board decision granting the energy giant access to a municipal conservation area.The city has tried in recent months to block the company from conducting survey work in the area on Burnaby Mountain — Kinder Morgan's preferred route for the expansion of the Trans Mountain pipeline.But the energy board ruled last week that Burnaby can't stop the [Read more]

Ottawa carefully monitoring impact of low oil prices ahead of fall fiscal update

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OTTAWA - The federal government says it's carefully monitoring the impact of sliding oil prices on public finances as it prepares to release its fall economic update.Canada's junior finance minister said Tuesday that even as tumbling energy prices eat away at tax revenues, the government still believes it can deliver a balanced budget next year."Any time there's a dynamic like falling oil prices that we see happening right now globally, we monitor it very closely," Kevin Sorenson said Tuesday in [Read more]

Energy stocks fall as oil slips below $80

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NEW YORK (AP) — The price of oil dipped below $80 a barrel Monday, after a major investment bank lowered its forecast for crude prices this year and next. Goldman Sachs analysts now expect U.S. oil prices to be roughly $75 a barrel in 2015, down from their previous forecast of $90 a barrel. Goldman also sees Brent crude, a benchmark used to price international oils used by many U.S. refineries, to be around $85 a barrel. Rising oil production, particularly in the U.S., and the concerns [Read more]

Pacific Northwest LNG president resigns, Progress Energy chief to fill role

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VANCOUVER - The president of Pacific Northwest LNG, which is looking to build a multibillion-dollar project near Prince Rupert, B.C., has resigned, the consortium led by Malaysian energy giant Petronas said Friday.Pacific Northwest LNG said Greg Kist plans to return to his home and family in Alberta."Under Greg's leadership, the company was formed and continues to work towards a final investment decision this year," Pacific Northwest chairman Dato' Wee Yiaw Hin said in a statement."He leaves [Read more]

Enbridge stands ground, tells National Energy Board that Line 9 design is safe

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CALGARY - Enbridge Inc. (TSX:ENB) insists in a regulatory filing that its design for the Line 9 pipeline through southern Ontario has the right shut-off valve configuration to minimize the risk to waterways and reservoirs in the event of a rupture.The Calgary-based company was responding to the National Energy Board's decision to delay a restart of the pipeline because it's "not persuaded" that Enbridge has met one of the the conditions attached to the NEB's approval of the project.Line 9 had [Read more]