CALGARY - Executives with two big Canadian oil companies are taking recent oil price weakness in stride, signalling no immediate plans to throttle back spending, but ensuring they have the flexibility to do so if needed.Cenovus Energy Inc. (TSX:CVE) and Husky Energy Inc. (TSX:HSE) are both in the midst of finalizing their capital budgets in 2015, with details set to be unveiled in December.Cenovus CEO Brian Ferguson gave a glimpse Thursday of what next year's budget will look like — roughly the [Read more]
No need for Kinder Morgan to register as third party advertiser: Elections BC
VANCOUVER - Elections BC says energy giant Kinder Morgan does not need to register as a third-party advertiser in the province's civic election campaign.A Vancouver-area member of Parliament asked Elections BC look into the issue, saying Kinder Morgan is running advertisements about the Trans Mountain pipeline expansion during the municipal election period.Burnaby-Douglas New Democrat MP Kennedy Stewart said the pipeline proposal is a key campaign issue for several municipalities and he [Read more]
Petronas-led Pacific Northwest LNG consortium reviewing B.C. tax announcement
CALGARY - A consortium led by Malaysian energy giant Petronas says it's not yet clear what British Columbia's new tax on liquefied natural gas will mean for the economics of its proposed multibillion-dollar project near Prince Rupert, B.C."It's important to take time to gain a wholesome understanding of taxation matters before commenting in detail," Spencer Sproule, senior adviser of corporate affairs for Pacific Northwest LNG, said in an emailed statement.The new tax starts in 2017 at a rate of [Read more]
Bank of Canada report expected to measure cheap oil’s effect on Canadian economy
OTTAWA - It is essential for the bulk of Canadian economic activity to begin shifting from the backs of households to business investment and exports, the Bank of Canada said Wednesday as it kept its trend-setting interest rate fixed at one per cent.In its monetary policy report, the central bank pointed to rock-bottom borrowing rates as a contributor to "renewed vigour" in consumer spending and the real estate market since July."Household spending still represents more than its long-run [Read more]
Tory leader says New Brunswick premier missing chance to learn about fracking
FREDERICTON - New Brunswick's interim leader of the Progressive Conservatives says Premier Brian Gallant is missing an opportunity during his trip to Alberta to learn more about shale gas exploration.Bruce Fitch says if the intention of the Liberal plan for a moratorium on shale gas fracking is to gather information, then this trip was an ideal opportunity to learn more about the extraction method.He says members of his party visited fracking sites in Alberta when they were still in [Read more]
B.C.’s LNG emissions law greenest, cleanest in the world: environment minister
VICTORIA - New legislation introduced in British Columbia requires liquefied natural gas plants to meet emission standards or face penalties and makes the industry the cleanest in the world, says Environment Minister Mary Polak.Polak tabled the Greenhouse Gas Industrial Reporting and Control Act on Monday, saying it will set the province's emission benchmark at 0.16 tonnes of carbon dioxide for each tonne of LNG produced, which is lower than any other LNG facility in the world.She said it will [Read more]
B.C. government set to announce tax rate for proposed LNG industry
VICTORIA - British Columbia's government has introduced a new income tax for its liquefied natural gas industry that starts at 1.5 per cent and increases to five per cent, two per cent lower than the government had originally proposed.Finance Minister Mike de Jong says the new tax structure is competitive and provides the certainty companies need to make final investment decisions in developing LNG plants in B.C.He says the tax includes a reduced rate from what was announced last February in [Read more]
N.B.’s new premier to oilpatch: support for Energy East has not wavered
CALGARY - New Brunswick's new premier said Monday he's looking to assure Alberta's oilpatch that even though the government has changed, its support for the Energy East pipeline has not.Brian Gallant is visiting Calgary this week in his first official visit since being elected premier about a month ago.The $12-billion Energy East project topped the agenda in Gallant's meeting with his Alberta counterpart, Jim Prentice on Monday. On Tuesday, he's to meet with top executives at TransCanada [Read more]
B.C.’s LNG green law expected, followed by tax legislation
VICTORIA - New legislation introduced in British Columbia requires liquefied-natural-gas plants to meet emission standards or face penalties and makes the industry the cleanest in the world, says Environment Minister Mary Polak.Polak tabled the Greenhouse Gas Industrial Reporting and Control Act Monday, saying it will set the province's emission benchmark at 0.16 tonnes of carbon dioxide for each tonne of LNG produced, which is lower than any other LNG facility in the world.She said it will test [Read more]
As oilpatch reporting season begins, crude price drop top of mind
CALGARY - The recent rout in oil prices will likely be top of mind for investors as Canada's top oilpatch players release their third-quarter results over the next few weeks.The steep drop in the key U.S. benchmark crude — to about US$80 a barrel from around US$95 just a month ago — won't be evident in companies' financial reports for the quarter ended Sept. 30.But analysts and investors will be paying keen attention to the mood of top brass on quarterly conference calls and looking for signals [Read more]
- « Previous Page
- 1
- …
- 449
- 450
- 451
- 452
- 453
- …
- 544
- Next Page »