PAGE, Neb. - Cash offers have been skyrocketing, as much as seven-fold, for holdout Nebraska landowners who are willing to sign quickly to allow the Keystone XL pipeline onto their property. The landowners say they've received written offers from pipeline builder TransCanada Corp. in the last few weeks offering exponentially more money than initially promised, on the condition that they sign soon. Those offers are pouring in at a pivotal moment for the Canada-U.S. pipeline, whose [Read more]
Risks in oilsands transport: U.S. report
VANCOUVER - U.S. scientists are warning that there are environmental risks, regulatory holes and serious unknowns regarding the shipment of Alberta oilsands products by pipeline, rail and tanker.The findings are in a 153-page report from last September by the emergency response division of the U.S. National Oceanic and Atmospheric Administration. The unit has expertise in preparing for, evaluating and responding to oil and chemical spills in coastal environments.Enbridge (TSX:ENB), the company [Read more]
Explosion and fire rock Manitoba pipeline
OTTERBURNE, Man. - Five homes have been evacuated after a natural gas pipeline explosion early today near the southern Manitoba community of Otterburne. RCMP have confirmed the fire is coming from a natural gas pipeline in the area about 50 kilometres south of Winnipeg. TransCanada Pipeline says the pipe has been isolated and the burning gas is non-toxic. RCMP, the Office of the Fire Commissioner and TransCanada are investigating the cause of the explosion, and the Transportation Safety [Read more]
First Nation pulls out of oilsands program
FORT MCMURRAY, Alta. - The First Nation that was the main focus of Neil Young's recent concert tour about Alberta's oilsands has withdrawn from a government environmental panel.The Athabasca Chipewyan First Nation announced Friday that it is pulling out of the Joint Oil Sands Monitoring program.The program is the showpiece of federal-provincial efforts to monitor environmental change in the oilsands region.A spokesman for the First Nation says it made the move because the program lacks [Read more]
Natural gas soars as cold grips homes, drillers
NEW YORK - The frigid winter of 2014 is setting the price of natural gas on fire. Record amounts of natural gas are being burned for heat and electricity — and it's so cold that drillers are struggling to produce enough to keep up with the high demand. Friday, the price rose within a whisper of $5 per 1,000 cubic feet, the highest level since June 2010. It's gained 25 per cent in the past two weeks. Natural gas is used by half the nation's households for heating, making it the most [Read more]
Backers: Report on rail risks boosts Keystone XL
WASHINGTON - A government warning about the dangers of increased use of trains to transport crude oil is giving a boost to supporters of the long-delayed Keystone XL pipeline.U.S. and Canadian accident investigators urged their governments Thursday to impose new safety rules on so-called oil trains, warning that a "major loss of life" could result from an accident involving the increasing use of trains to transport large amounts of crude oil.Pipeline supporters said the unusual joint warning by [Read more]
To a family of pipeline workers, Keystone XL presents struggle of the century
OMAHA, United States - There's a clan of semi-nomadic tradesmen quietly watching for a sign that, somewhere on the horizon, there might be a resolution to the Keystone XL dispute. The Berringer brothers have travelled far, and often, to build pipelines like their dad did. Between the now-retired father and his two burly boys, their total combined experience adds up to about a century. And in all that prodigious pipeline-laying history, they say, not once have they ever witnessed a struggle [Read more]
Federal New Democrat from B.C. slams energy board over website maintenance
VANCOUVER - An oil pipeline critic and New Democratic MP from British Columbia says plans by the National Energy Board to perform maintenance on its website this weekend are "ridiculous." Burnaby-Douglas MP Kennedy Stewart recently said his community office would hold Saturday computer labs to show people how they could apply online to participate in upcoming hearings on the proposed Kinder Morgan pipeline expansion. The $5.4-billion Trans Mountain pipeline from Edmonton to B.C.'s coast [Read more]
Oil above $97 after rising for 5th straight day
The price of oil edged up Friday for a fifth day in a row on expectations for increased demand.Benchmark U.S. crude for March delivery was up 22 cents to $97.54 a barrel at 0620 GMT in electronic trading on the U.S. Mercantile Exchange. Oil rose 59 cents to $97.32 on Thursday.On Thursday, preliminary results of HSBC's January survey of Chinese factory purchasing managers indicated a contraction in manufacturing for the first time since July. Despite the disappointing China data, the severe cold [Read more]
CEO: new Penn West less ‘hung up on barrels’
CALGARY - The CEO of Penn West Petroleum Ltd. says the company is in the midst of a big cultural shift, focused less on churning out as much oil as possible and more on profitability. "I lot of people get hung up on barrels," said David Roberts, the former Marathon Oil executive who took the reins of Penn West in June. "Barrels don't matter unless you're making money." Roberts defended his company's new strategy following a nearly 13 per cent slide in its share price over the past two [Read more]
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