JUNEAU, Alaska - The Alaska Legislature has passed a bill setting the state's participation in a major liquefied natural gas project. The House voted 36-4 on the measure Sunday. The Senate later voted 16-4 to agree to the House changes. SB138, from Gov. Sean Parnell, would set state participation at about 25 per cent in a project also being pursued TransCanada, the Alaska Gasline Development Corp., and the North Slope's major players. It would allow the project to move to a stage of [Read more]
No Keystone XL pipeline this year, following new delay
WASHINGTON - The Canadian government demanded an answer immediately on the long-delayed Keystone XL pipeline. It has now received a reply from the United States government that amounts to: Maybe next year. The project is now paralyzed for an indefinite period, with the U.S. administration Friday announcing another delay in a process already beset by political and legal challenges. The announcement made it clear that Canadian pipeline backers will not get the answer they wanted in time for [Read more]
Oil rises past $104 a barrel as Ukraine jiggers offset large rise in US crude supplies
NEW YORK - The price of oil rose past US$104 per barrel Thursday on worries over the upheaval in Ukraine.Benchmark West Texas Intermediate crude for May delivery rose 54 cents to close at US$104.30 a barrel in New York.Supplies in the U.S. are ample — the Energy Department reported the biggest gain in stocks in 13 years on Wednesday. But that wasn't enough to calm the fears of traders this week, who worry that Russia's actions in response to the turmoil in Ukraine could be met with sanctions [Read more]
Nova Scotia government ends tax break agreement with Imperial Oil
HALIFAX - The Nova Scotia government plans to end a tax break agreement with Imperial Oil (TSX:IMO) because it no longer operates a refinery in Halifax. Municipal Affairs Minister Mark Furey says since the company is converting its site in Dartmouth to a storage facility, the taxes it pays to the Halifax Regional Municipality should revert to standard property assessment tax rates. Furey says changes to the province's Oil Refineries and L.N.G. Plants Municipal Taxation Act would ensure [Read more]
B.C. government reverses its course on environment rules for natural gas, resorts
FORT NELSON, B.C. - British Columbia Environment Minister Mary Polak has done a complete turn around on a decision that would have exempted most of the natural gas produced in the province from mandatory environmental assessment. After quietly passing an order in council Monday without public debate that would have removed about 99 per cent of the natural gas produced in the province from automatic environmental reviews, the government reversed the decision late Wednesday. The announcement [Read more]
Triton partnership gets NEB approval for 25-year LNG export licence
CALGARY - The National Energy Board has approved an application by Triton LNG Limited Partnership for a 25-year licence to export liquefied natural gas from a port in British Columbia. Triton, a partnership announced last year between AltaGas LTd. (TSX:ALA) and Idemitsu, will ship the gas from either Kitimat or Prince Rupert. The NEB says a proposed liquefaction terminal will require further regulatory approval before construction can begin. In their application, the Triton partners [Read more]
Crude oil remains near US$104 a barrel despite huge rise in US stocks
NEW YORK - Oil rose just a penny Wednesday as worries about upheaval in Ukraine offset the dampening effect of a huge increase in U.S. oil supplies.Benchmark West Texas Intermediate crude for May delivery closed at US$103.76 a barrel on the New York Mercantile Exchange. Brent crude for June delivery, a benchmark for international varieties, closed at US$109.36 in London. The May contract expired Tuesday at US$108.74 a barrel.U.S. oil rose to nearly $105 per barrel in morning trading, but fell [Read more]
First Nations bar B.C. from LNG summit over sweet gas assessment exemption
FORT NELSON, B.C. - British Columbia government officials have been kicked out of a First Nations forum on liquefied natural gas over the government's decision to exempt most of the gas produced in the province from mandatory environmental assessment.The chief of the Fort Nelson First Nation, organizer of today's summit, asked the bureaucrats to leave this morning.On Monday, the Liberal government made changes that mean plants that produce so-called sweet gas will no longer face an automatic [Read more]
Government-commissioned studies suggest public unsure of energy industry benefit
OTTAWA - Public opinion research contracted by Ottawa suggests the pro-resource-development Conservative government has not yet convinced Canadians of the national benefits of the energy industry. Two different polling companies conducted cross-country focus groups last fall — in addition to one large national poll — and reported a common theme: Most Canadians just don't see what's in it for them. Natural Resources Canada, which commissioned the two studies at a combined cost of almost [Read more]
Cdn government scolds Jimmy Carter over pipeline position
WASHINGTON - The Keystone XL pipeline issue has created a tiff between a former U.S. president and the Canadian government. The Prime Minister's Office reacted swiftly Wednesday to a letter signed by Nobel laureates, including Jimmy Carter, urging President Barack Obama to reject the pipeline. Carter is the first former president to come out against Keystone. Prime Minister Stephen Harper's office warned: Remember 1979. It was a reference to the dip in oil supply which followed the [Read more]
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