CALGARY - B.C. Premier Christy Clark says a threat by Petronas to quit a proposed liquefied natural gas project is just part of negotiations over the province's tax take, but experts say the Malaysian firm's message should be cause for worry. The Financial Times quotes Petronas chief executive Shamsul Abbas as saying he's ready to call off the $10-billion project to be built near Prince Rupert, B.C., amid a delayed regulatory approval process, plans by the provincial government to impose an LNG [Read more]
Quebec backs environmentalists to stop TransCanada exploratory drilling
MONTREAL - A judge has suspended exploratory drilling for the TransCanada oil terminal in eastern Quebec after objections by environmentalists.The decision by Quebec Superior Court Justice Claudine Roy to grant a temporary injunction on Tuesday stops the Alberta-based company from conducting seismic surveys in Cacouna until Oct. 15.That work involved studying the composition of the sea bed in that part of the Lower St. Lawrence to determine where the port could be built.The marine terminal would [Read more]
Fracking opponents say Liberal win in New Brunswick will pause shale gas sector
FREDERICTON - The Liberal victory in New Brunswick will provide a needed break in the development of the shale gas industry, say opponents of hydraulic fracturing who vowed to hold the party to its promise to impose a moratorium on the disputed practice.Lois Corbett of the Conservation Council of New Brunswick said Liberal Leader Brian Gallant's win in Monday's provincial election will give politicians and experts time to study fracking while slowing growth of the shale gas sector."This pause [Read more]
TransCanada says Keystone XL surges to $10 billion during six years in limbo
CALGARY - Costs for the long-delayed Keystone XL pipeline will likely balloon from US$5.4 billion to as much as US$10 billion, TransCanada Corp. confirmed Friday, as the project marked its sixth year in regulatory limbo.CEO Russ Girling told the Wall Street Journal that the price tag could rise to a "number that gets you into the high single digits to a 10 number." Company spokesman Shawn Howard confirmed the remarks."It is worth noting that increased project costs mean higher costs for refiners [Read more]
Talisman eyeing Scottish vote, but says North Sea faces bigger challenges
BANFF, Alta. - Of all the issues Talisman Energy Inc. has been grappling with in the North Sea, the prospect of Scottish independence wasn't at the top the list, CEO Hal Kvisle said Thursday before Scots voted to stay in the United Kingdom.Polls had suggested a razor-thin margin between the pro- and anti-independence camps, but a majority of Scots voted against a split. Scottish independence leader Alex Salmond conceded defeat early Friday.Talisman's (TSX:TLM) United Kingdom operations — based [Read more]
B.C. court denies Burnaby’s bid to block Trans Mountain survey crews
VANCOUVER - A British Columbia court has rejected the City of Burnaby's latest bid to block Kinder Morgan crews from its land.A B.C. Supreme Court judge dismissed an application on Wednesday for an injunction against survey crews on Burnaby Mountain, the company's preferred new route for its Trans Mountain pipeline.Judge Brenda Brown did not immediately give reasons for her decision and Burnaby Mayor Derek Corrigan did not return a call seeking comment.The legal action was the latest tussle in [Read more]
Federal study of Pennsylvania well site finds fracking didn’t ruin nearby water supplies
PITTSBURGH - The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found [Read more]
Alberta woman loses fracking case appeal, wants to take case to Supreme Court
EDMONTON - An Alberta woman has lost her appeal to sue the province's energy regulator over hydraulic fracturing on her property.Jessica Ernst launched a $33-million lawsuit against the Alberta government, the province's energy regulator and energy company Encana (TSX:ECA).She claims gas wells fracked around her land northeast of Calgary unleashed hazardous amounts of methane and ethane gas and other chemicals into her water well.Last fall an Alberta Court of Queen's Bench judge ruled that Ernst [Read more]
Tainted water in two states from leaky gas wells, not fracking itself, study says
WASHINGTON - The drilling procedure called fracking didn't cause much-publicized cases of tainted groundwater in areas of the states of Pennsylvania and Texas, a new study finds. Instead, it blames the contamination on problems in pipes and seals in natural gas wells.After looking at dozens of cases of suspected contamination, the scientists focused on eight hydraulically fractured wells in those states, where they chemically linked the tainted water to the gas wells. They then used chemical [Read more]
Liquefied natural gas projects in British Columbia want federal tax break:Globe
TORONTO - There's a report that the players behind major liquefied natural gas projects in British Columbia are lobbying Ottawa for tax relief.The Globe and Mail newspaper reports that the newly formed B.C. LNG Developers Alliance, representing four of the largest proponents of LNG exports from the West Coast, want their planned multibillion-dollar terminals treated as manufacturing operations to gain tax concessions.The Globe says the alliance is arguing that it is in the national interest to [Read more]
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