MONTREAL - Police have moved in to block a few dozen protesters from marching in Montreal near the site of hearings for a pipeline project.The protesters oppose the proposal by Enbridge Inc. (TSX:ENB) to reverse the flow of a pipeline to send oilsands crude eastward. The plan is being examined at hearings this week in Montreal by the National Energy Board.Enbridge: manifestation d’opposants à #Montréal. http://t.co/1EUoAtw7Qm pic.twitter.com/0hCu7eufZr— Métro Montréal (@metromontreal) [Read more]
Saskatchewan oil and natural gas sales down in October
REGINA - There has been a drop in the sale of oil and natural gas rights in Saskatchewan. The province says the October sale of Crown rights has brought in $9.1 million. That compares to $15.2 million for the same time last year. Energy Minister Tim McMillan says the change reflects a shift in focus by the energy industry as companies drill what they already have rather than buying new rights. The ministry expects energy land sales to increase next year as more leases become [Read more]
Husky, Newfoundland premier to sign deal for West White Rose platform: sources
PLACENTIA, N.L. - Newfoundland and Labrador Premier Kathy Dunderdale has announced plans with Husky Energy to build a new offshore oil platform for the West White Rose Extension.Dunderdale says a new wellhead platform supported by a concrete gravity structure will be built in Argentia.The structure is to be constructed at a new dedicated graving or dry dock site with gates that could allow for future industrial opportunities.The platform will be used to draw oil from the West White Rose [Read more]
Data show China passing US as biggest oil importer as economic growth, car sales drive demand
BEIJING - China has achieved another world-beating status its leaders don't want: Biggest oil importer. China passed the United States in September as the world's biggest net oil importer, driven by faster economic growth and strong auto sales, according to U.S. government data released this week. Chinese oil consumption outstripped production by 6.3 million barrels per day, which indicates the country had to import that much to fill the gap, the Energy Information Administration said this [Read more]
Washington state pulls permits for two oil train terminals
SEATTLE (AP) — Officials are rejecting permits for two major oil-train terminals in Southwest Washington after deciding the projects should face more environmental scrutiny. The state Shorelines Hearings Board issued a letter Wednesday saying it plans to invalidate the permits for Westway Terminal Co. and Imperium Terminal Services, which want to build oil shipping terminals at the Port of Grays Harbor that could store up to 1.5 million barrels of crude from North Dakota and Alberta. The city [Read more]
Alberta woman loses round in anti fracking lawsuit, can’t sue regulator
ROSEBUD, Alta. - An Alberta woman has lost a round in her legal battle against the contentious process of hydraulic fracturing. Jessica Ernst launched a $33-million lawsuit against the Alberta government, the province's energy regulator and energy company Encana. She claims gas wells fracked around her property in southern Alberta unleashed hazardous amounts of methane and ethane gas and other chemicals into her water well. An Alberta Court of Queen's Bench judge has ruled Ernst can't [Read more]
LNG BOOM! Site set for Alaska LNG mega project
JUNEAU, Alaska (AP) -- On Monday, Exxon Mobil, BP, ConocoPhillips and TransCanada Corp. announced the Kenai Peninsula town of Nikiski is the leading contender for the terminal site where gas would be liquefied and shipped to Asia. The decision, applauded by state leaders as a sign of continued progress, signaled that a decades-old dream could become a reality even though major hurdles remain. Larry Persily, federal coordinator for Alaska natural gas pipeline projects, said the state is closer [Read more]
Oil dips below $104 after IMF cuts global economic forecast
AMSTERDAM - The head of Greenpeace International has written to Russian President Vladimir Putin requesting a meeting in Moscow — and offering himself as human bail for 30 environmental activists, including two Canadians, being detained in Murmansk, Russia. Kumi Naidoo of the Amsterdam-based organization delivered the letter to the Russian Embassy in The Hague, Netherlands on Wednesday. He said he would guarantee the activists' good conduct but said that piracy charges against them don't [Read more]
Billionaire investor Carl Icahn takes on 6 per cent stake in Talisman
CALGARY - Billionaire investor Carl Icahn reveals he has bought more than 61.5 million shares of Talisman Energy Inc. for a 5.97 per cent stake in the Calgary-based oil and gas producer. In a U.S. regulatory filing, his firm says it believes Talisman's assets are "undervalued" and that it intends to have conversations with management about "asset sales or potential corporate restructuring," as well as "the possibility of shareholder board representation." [Read more]
Environmental group says some Albertans want tougher cold heavy oil regulations
PEACE RIVER, Alta. - An environmental group says some Albertans want tougher rules for oilsands producers that operate close to where people live. Ecojustice says some people in northwest Alberta have moved away from their homes because of health concerns about an extraction process called cold heavy oil production. The group made the comments Monday as the Alberta Energy Regulator held a public meeting in Peace River to set the scope for an inquiry that will look into their [Read more]
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