CALGARY - The pipeline company behind two high-profile oil spills has improved its safety practices, but there's still more work to be done, an audit by the Alberta Energy Regulator has found.The watchdog said in a report this week that Plains Midstream Canada has not met, or just partially met, many of the requirements of a safety audit.However, it said: "As a result of improvements and initiatives undertaken by PMC over the last year, the AER's overall conclusion is that PMC has and maintains [Read more]
Shell Canada using ‘warehouse’ approach to drive down oilsands costs
CALGARY - Shell Canada Ltd., in an effort to cut costs and boost efficiency at its oilsands operations, has found inspiration in an unlikely place: online retailer Amazon.The company recently adopted a "warehousing" approach to how it manages its tools and equipment, president Lorraine Mitchelmore told reporters Wednesday. That way, workers don't waste their time hunting down a piece of pipe and trucks don't sit idle while mechanics wait on a certain part.Right now, Shell has the ability to [Read more]
Scotiabank’s commodity price index heads down in July, affected by oil prices
TORONTO - Scotiabank's commodity price index edged down by 0.3 per cent on a month-over-month basis in July due to lower oil prices as supply concerns about Libya and Iraq eased.The oil and gas sub-index was down 3.9 per cent month-over-month in July.However, Scotiabank commodity market specialist Patricia Mohr says while traders have bid down near-term oil prices, current geopolitical developments will reduce supply over the long term.Mohr noted that the December 2019 oil futures contract is up [Read more]
Vancouver to take Trans Mountain pipeline challenge to Federal Court
VANCOUVER - The city of Vancouver is going to court to try and have global climate change considered in Kinder Morgan's Trans Mountain pipeline proposal.The city will ask the Federal Court of Appeal on Friday for a judicial review of the National Energy Board process for the project.Vancouver officials already asked the board to take climate change into account but the regulator decided in July it would not.Now the city wants the court to decide, said Sadhu Johnston, deputy city manager."What [Read more]
Kinder Morgan doesn’t need permission to study Burnaby Mountain route: NEB
VANCOUVER - The National Energy Board has sided with Kinder Morgan in a dispute with the City of Burnaby over access to Burnaby Mountain.The company can proceed with necessary studies of its preferred pipeline route through the mountain without the city's consent.In a decision released Tuesday, the National Energy Board confirmed that under federal legislation the company doesn't need permission to access the land that is home to Simon Fraser University and a vast nature preserve."It would not [Read more]
Trudeau blasts Harper for bungling pipelines needed by Alberta, PM’s home turf
EDMONTON - Justin Trudeau moseyed into Harper country Tuesday and accused the prime minister of being "all hat and no cattle" when it comes to pipelines.The Liberal leader and his three dozen MPs were in the capital of Alberta, Prime Minister Stephen Harper's home province, to plot strategy for the coming pre-election year.The Liberals have high hopes of making a breakthrough in Alberta, long a rock-solid Conservative fortress, in the 2015 election. The province has been a wasteland for Liberals [Read more]
CEO of bankrupt Kentucky oil company sentenced to nearly 3 years in prison, scammed investors
LOUISVILLE, Ky. - The CEO of a bankrupt southern Kentucky oil company has been sentenced to nearly three years in prison for scamming investors into giving him money for three oil partnerships in Kentucky and Tennessee.Young Oil Corp. executive Anthony L. Young of Knob Lick pleaded guilty in March to defrauding investors in both states.Young acknowledged that from November 2007 through December 2008, he fraudulently solicited investments through his company and took the majority of the money for [Read more]
Bellatrix target of activist investor Orange Partners
CALGARY - Oil and gas developer Bellatrix Exploration Ltd. (TSX:BXE) has become the target of a U.S. activist investor.In a regulatory filing Tuesday, New York-based Orange Capital LLC disclosed it has bought a 5.3 per cent stake in Bellatrix, which has land throughout Western Canada but is mainly focused on west-central Alberta.The hedge fund said it plans to talk to the management of Calgary-based Bellatrix about ways to "maximize shareholder value."That could include hiring an outside adviser [Read more]
Willie Nelson, Neil Young to headline anti-Keystone XL oil pipeline concert in US field
NELIGH, Neb. - Willie Nelson and Neil Young will headline a concert next month in a Nebraska cornfield organized by opponents of a proposed pipeline that would carry oil from Canada south to the Gulf Coast.Bold Nebraska said Monday the concert will be held Sept. 27 on a farm near Neligh in northeast Nebraska. Tickets go on sale Wednesday.Earlier this year, protesters carved an anti-pipeline message into the cornfield, which is in the path of TransCanada's proposed Keystone XL pipeline.Pipeline [Read more]
For highest salary increases in Canada, look to the oilpatch: Mercer survey
CALGARY - For the biggest pay hikes in Canada, look no further than the oilpatch.The energy sector continues to lead the country in both actual and projected salary increases, according to survey released Monday by global consulting firm Mercer.The average base salary increase across the country is expected to be three per cent next year, the same as in 2014.But in the energy sector, the pay bump is forecast at 3.7 per cent in 2015 after an actual 3.9 per cent increase this year.Mercer has [Read more]
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