PRINCE RUPERT, B.C. - The federal government will set up a major projects management office in British Columbia to try to woo West Coast First Nations on the myriad of energy projects proposed in the province. Natural Resources Minister Greg Rickford says Ottawa will also establish a forum with the B.C. government and First Nations to work toward aboriginal participation in energy developments. The two measures were recommended in a report last fall by Douglas Eyford (EYE'-ford), appointed [Read more]
New safety conditions not seen swaying economics of Keystone XL
CALGARY - Additional safety conditions imposed on the Keystone XL pipeline are not expected to hurt the economics of the project, whose price tag is already expected to soar by at least several hundred millions of dollars over earlier estimates."It appears to mean a couple of extra steps on the welding and is it going to make an economic difference? We don't think so," said Steven Paget, an analyst with FirstEnergy Capital in Calgary.According to a report by The Associated Press, the U.S. [Read more]
Federal government urged to hurry up on energy industry regulations
EDMONTON - The Harper government needs to get moving on long-awaited regulations for the oil and gas industry, says the head of the Alberta agency that manages the province's effort to reduce industrial CO2 emissions.Eric Newell of the Climate Change and Emissions Management Corp. says he has a way for Ottawa to put a price on greenhouse gases without mentioning the two words that give federal Conservatives the heebie-jeebies."I'd like to distinguish between a carbon tax — which is universal at [Read more]
Oil stays above US$104 as investors scrutinize crises in Ukraine and Libya
The price of oil remained above US$104 a barrel Tuesday as investors weighed how the conflicts in Ukraine and Libya were likely to affect crude supplies.By early afternoon in Europe, benchmark crude for July delivery was down 10 cents to $104.25 a barrel in electronic trading on the New York Mercantile Exchange. Due to a U.S. public holiday, the contract last settled on Friday, when it closed at $104.35.Brent crude, a benchmark for international oils, was down 18 cents to $110.36 on the ICE [Read more]
U.S. imposes new conditions on Keystone XL pipeline construction
WASHINGTON - Safety regulators have quietly placed two extra conditions on construction of TransCanada Corp.'s (TSX:TRP) Keystone XL oil pipeline after learning of potentially dangerous defects involving the southern leg of the Canada-to-Texas project. The defects — high rates of bad welds, dented pipe and damaged pipeline coating — have been fixed. But the federal Pipeline and Hazardous Materials Safety Administration wants to make sure similar problems don't occur during construction of the [Read more]
EU official: Proposed solution found in Ukraine-Russia natural gas dispute, more talks planned
BERLIN - A proposed solution to a dispute over Ukrainian natural gas debts to Moscow would see Ukraine's gas company pay $2 billion to Russia's Gazprom this week and trigger talks on the price Kyiv should pay for future deliveries as it tries to avert a supply cutoff, a top European Union official said Monday.EU Energy Commissioner Guenther Oettinger said after meeting the Russian and Ukrainian energy ministers in Berlin that both sides must still consult with their political leaders and the gas [Read more]
Crude oil slips to near US$104 a barrel as Ukraine vote seen easing crisis
The price of oil slipped to near US$104 a barrel Monday after preliminary results showed a billionaire businessman winning a clear majority in Ukraine's presidential elections.Benchmark West Texas Intermediate crude for July delivery settled 15 cents lower at US$104.20 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract rose 61 cents to settle at US$104.35, bringing its weekly gain to $2.33.Brent crude, a benchmark for international oils, was down 22 [Read more]
Dramatic increase in oil rail shipments to West Coast; fears of a potential disaster abound
VANCOUVER, Wash. - Residents along the scenic Columbia River are hoping to persuade regulators to reject plans for what would be the Pacific Northwest's largest crude oil train terminal — the proposed destination for at least four trains a day, each more than a mile long. The increasing numbers of trains, each carrying tens of thousands of barrels of potentially volatile crude from the Bakken oil fields in North Dakota, have raised concerns around the country after nine accidents in the past [Read more]
Oil falls on businessman’s election victory in Ukraine
The price of oil eased Monday after early results from Ukraine's presidential election indicated a billionaire businessman had won a clear majority.Benchmark crude for July delivery was down 35 cents to US$104 a barrel at 3:30 a.m. ET in electronic trading on the New York Mercantile Exchange. The contract rose 61 cents to settle at $104.35 on Friday, bringing its weekly gain to $2.33 a barrel, or 2.3 per cent.Brent crude, a benchmark for international oils, shed 66 cents to $109.88 on the ICE [Read more]
Oil rises above US$104 a barrel ahead of Ukraine vote, U.S. holiday weekend
The price of oil rose above US$104 a barrel Friday ahead of a holiday weekend in the United States and national elections in Ukraine on Sunday.Benchmark West Texas Intermediate crude for July delivery gained 61 cents to close at US$104.35 a barrel on the New York Mercantile Exchange. Oil ended the week with a gain of $2.33 a barrel, or 2.3 per cent.Brent crude, a benchmark for international oils, added 18 cents to US$110.54 on the ICE Futures exchange in London.Ukrainians vote Sunday in an early [Read more]
- « Previous Page
- 1
- …
- 472
- 473
- 474
- 475
- 476
- …
- 544
- Next Page »