CALGARY - Former U.S. secretary of state Hillary Clinton says whatever the decision on the proposed Keystone XL pipeline, it's important that Canada and the United States retain a good working relationship."I think it's important not to let whatever that decision is on one pipeline colour the potential for co-operation ... between the United States and Canada on energy production and climate change," Clinton told about 2,500 business leaders at a private event in Calgary on Thursday.She offered [Read more]
Keystone XL ad visible on White House website
WASHINGTON - The oil and gas industry got some prime online real estate for their ad pressing President Barack Obama on the Keystone XL pipeline: The White House’s official website. Obama held a virtual town hall Thursday about Latino health care enrollment, organized by Spanish-language TV networks. To give visitors a way to watch, the White House embedded a live stream from the Fusion network on its own website. Fusion’s live stream first shows users an advertisement, known as a [Read more]
National Energy Board approves Line 9 plan
TORONTO - The National Energy Board has approved energy giant Enbridge's plan to reverse the flow and increase the capacity of a pipeline that has been running between southern Ontario and Montreal for years.The green light is subject to certain conditions and requirements.The decision on the controversial Line 9 comes some four months after the federal regulator held public hearings on the Calgary-based company's (TSX:ENB) proposal.The board says its decision enables Enbridge to "react to [Read more]
Saskatchewan spending $2 million on four enhanced oil recovery projects
REGINA - Saskatchewan is ponying up nearly $2 million to help find ways to push more oil out of the ground.Innovation Saskatchewan, a government agency that gives the province advice on research and development, has approved $1.9 million to develop enhanced oil recovery technologies in heavy oil fields.The money is for four projects, including two for the Regina-based Petroleum Technology Research Centre.One project involves developing technology to map the flow of oil in reservoirs, while the [Read more]
CNRL: ‘Good business sense” to curb heavy oil output while prices are low
CALGARY - Canadian Natural Resources Ltd. says it will slow down its heavy oil output whenever the price gap between that type of crude and its lighter counterpart widens substantially. President Steve Laut said Thursday it's a new strategy to work around the volatile light-heavy differential, which has caused headaches for industry and the provincial government alike. In December — when the differential was at 40 per cent — Canadian Natural (TSX:CNQ) cut heavy oil production by just over [Read more]
U.S. Department of Transport further tightens testing rules for oil trains
BILLINGS, Mont. - The U.S. government is further tightening testing requirements for companies that transport oil by rail after a spate of explosions caused by crude train derailments in the U.S. and Canada.Thursday's action from the U.S. Department of Transportation builds on a Feb. 25 order that targeted oil shipments for more stringent testing.Testing has long been required to gauge the volatility of oil and other hazardous liquids. But there were no standards on how frequently that had to be [Read more]
Canadian Natural Resources hiking dividend for second time in a year, profit up
CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ) will be raising its dividend for the second time in three months, following a year in which net income grew 20 per cent and adjusted profit jumped by 50 per cent. CNRL president Steve Laut said "2013 was a solid year for Canadian Natural as we achieved significant progress in our transition to longer life, low decline assets." The Calgary-based company's quarterly dividend will rise to 22.5 cents per common share payable April [Read more]
National Energy Board to rule today on Line 9 reversal
TORONTO - The National Energy Board is set to release a decision today on whether it will allow energy delivery giant Enbridge to reverse the flow and increase the capacity of a pipeline that's been pumping oil between southern Ontario and Montreal for years. The decision on the controversial Line 9 is being delivered some four months after the federal regulator held public hearings on the Calgary-based company's (TSX:ENB) proposal. During those sessions, a three-member panel heard from a [Read more]
Industry Minister approves $1.5B sale of Talisman’s Montney gas holdings
OTTAWA - Federal Industry Minister James Moore has given the green light to a deal under which a subsidiary of Malaysia's Petronas will acquire the Montney gas holdings of Talisman Energy Inc. (TSX:TLM) for $1.5 billion. The properties in the Farrell Creek and Cypress areas of British Columbia are being sold to Progress Energy Canada Ltd., which Petronas acquired in 2012. "I can confirm that I have approved Progress Energy Canada Ltd.'s application to acquire control of natural gas assets [Read more]
Industry Minister Moore approved $1.5B sale of Talisman’s Montney gas holdings
OTTAWA - Federal Industry Minister James Moore has given the green light to a deal under which a subsidiary of Malaysia's Petronas will acquire the Montney gas holdings of Talisman Energy Inc. (TSX:TLM) for $1.5 billion.The properties in the Farrell Creek and Cypress areas of British Columbia are being sold to Progress Energy Canada Ltd., which Petronas acquired in 2012."I can confirm that I have approved Progress Energy Canada Ltd.'s application to acquire control of natural gas assets from [Read more]
- « Previous Page
- 1
- …
- 491
- 492
- 493
- 494
- 495
- …
- 541
- Next Page »