BOE Report

Texas-based Stabilis Energy buying Encana’s U.S. liquefied natural gas unit

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CALGARY - Encana Corp. (TSX:ECA) will sell substantially all the assets of a Denver-based liquefied natural gas unit to Texas-based Stabilis Energy under an agreement announced Monday.Financial terms of the deal weren't disclosed.Calgary-headquartered Encana has been reducing its portfolio and recently agreed to sell natural gas properties in Wyoming to a private equity firm.Denver-based Encana Natural Gas Inc. distributes liquefied natural gas (LNG) fuel to operators of high horsepower engines [Read more]

Oil rises above $104 on Ukraine tensions, Libyan resignation

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The price of crude oil rose Monday as escalating Russia-Ukraine tensions and the resignation of Libya's interim prime minister added to uncertainties about oil supplies.Benchmark U.S. crude for May delivery was up 69 cents at US$104.43 a barrel at 4:13 a.m. ET in electronic trading on the New York Mercantile Exchange. The contract rose 34 cents Friday to close at close at $103.74.Ukraine's government announced Sunday it was sending in troops to try to quash a pro-Russian insurgency in eastern [Read more]

Opponents of Keystone XL pipeline carve message into Nebraska field

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NELIGH, Neb. - Opponents of a proposed pipeline to carry Canadian oil south to the U.S. Gulf Coast have carved a message of resistance into a Nebraska field in the project's path. The 32-hectare artwork, which was done last week and reads "Heartland#NoKXL," is the latest protest environmentalists and landowners have employed against TransCanada's proposed Keystone XL pipeline. Critics of the pipeline want President Barack Obama to reject the project because they fear it could contaminate [Read more]

Kitimat, B.C., residents vote no in Northern Gateway oil pipeline plebiscite

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KITIMAT, B.C. - The residents of Kitimat, B.C. have voted against the proposed Northern Gateway pipeline project in a non-binding plebiscite.The ballot count from Saturday's vote was 1,793 opposed versus 1,278 who supported the multi-billion dollar project — a margin of 58.4 per cent to 41.6 per cent.The $6.5-billion project would see two pipelines, one carrying oilsands' bitumen from Alberta to Kitimat's port, and a second carrying condensate — a form of natural gas used to dilute the bitumen — [Read more]

Kitimat, B.C., residents vote in Northern Gateway oil pipeline plebiscite

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KITIMAT, B.C. - A record turnout is expected today as residents of the north-coast British Columbia town of Kitimat cast ballots in a plebiscite over the Northern Gateway pipeline project.Other than to gauge the public temperature around the heated issue of the proposed oil pipeline, it's unclear — even to Kitimat council — what approval or rejection of the non-binding vote will mean.Warren Waycheshen, Kitimat's deputy administrative officer, said more than 900 people voted in advanced polls, [Read more]

Alberta families affected by oilpatch odours may testify in U.S. Senate hearings

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EDMONTON - Families affected by odours from oilsands operations in northern Alberta have been invited to testify at United States Senate hearings on the Keystone XL pipeline.Lawyer Keith Wilson, who represents the families in the Peace River area, says they are still deciding whether they want to testify.The smells are coming from facilities owned by Baytex Energy.Alberta's energy regulator concluded after public hearings that the odours could be causing health problems and ordered the smells to [Read more]

B.C. First Nation along pipeline route officially rejects Northern Gateway plan

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FORT ST. JAMES, B.C. - A group of First Nations with territory covering a quarter of the route for the proposed Northern Gateway oil pipeline has gathered in central British Columbia today to official reject the project. Representatives of the Canadian Environmental Assessment Agency, the National Energy Board and the Department of Fisheries and Oceans are at the meeting in Fort St. James with the Yinka Dene. The First Nation says the decision by its four clans marks the end of [Read more]

Oil falls to near $103 on signs China’s economic growth is slowing

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The price of oil fell further on Friday as recent signs of sputtering economic growth in China suggested demand for crude could weaken. Other factors influencing crude supplies included a report that U.S. crude reserves rose to a 38-year high and the delayed reopening of export terminals in Libya. Benchmark crude for May delivery was down 20 cents to US$103.20 a barrel at 0740 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 20 cents to settle at $103.40 a [Read more]

Kitimat residents to cast ballots on Northern Gateway pipeline project

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KITIMAT, B.C. - Residents of Kitimat will cast votes in a local plebiscite Saturday for or against the multibillion-dollar Northern Gateway pipeline. The District of Kitimat has remained neutral on the $6-billion project, but the vote will decide council's position. "We'll see what the people of Kitimat want," said Mayor Joanne Monaghan. The city on the North Coast would be the end of the pipeline and home of the marine terminal for loading oil onto tankers. Kitimat council's neutral [Read more]

Jim Flaherty, Former Finance Minister, Dead At 64

It has been an honour to serve Canada. Thank you for the opportunity. pic.twitter.com/vIbBNgT0wY— Jim Flaherty (@JimFlaherty) March 18, 2014 OTTAWA - Jim Flaherty, the former finance minister who took the country from surplus to huge, recession-spawned deficits and back to within an eyelash of a surplus, died suddenly Thursday. His death left MPs on all sides of the political spectrum shocked and tearful. The jocular, wise-cracking Flaherty, who until mid-March had been the Harper [Read more]