FORT MCMURRAY, Alta. - Canadian Natural Resources Ltd. is facing 11 environmental charges over the release of a potentially deadly gas near an aboriginal community in northern Alberta.The Alberta government said the charges stem from the release of hydrogen sulphide gas on August 2012 from the CNRL Horizon oilsands upgrader facility north of Fort McMurray.The province said it learned of the leaks after getting complaints from the Fort McKay First Nation and reports from air monitoring [Read more]
Oil rises to near $102 a barrel on better than expected US hiring figures
The price of oil crept up to near US$102 a barrel Friday after a solid increase in U.S. employment and a decline in the American dollar. Benchmark West Texas Intermediate crude for April delivery rose $1.02 to close at US$102.58 a barrel on the New York Mercantile Exchange. After a swing in prices earlier in the week due to the situation in Ukraine, oil ended the week with a loss of one cent. Brent crude, used to set prices for international varieties of crude, gained 90 cents to US$109 a [Read more]
Panel report gives proposed Nova Scotia LNG plant conditional approval
HALIFAX - An environmental panel has given conditional approval to a proposed liquefied natural gas plant on Nova Scotia's east coast. The panel says the plant planned for Goldboro by Calgary-based Pieridae Energy Canada can proceed. The panel assessed a number of environmental and socio-economic factors including the effects on groundwater and air quality, local marine and terrestrial habitat, the fishery, property values and employment. The report says the project would increase the [Read more]
Chevron pizza offer fails to register as scandal in Pennsylvania town where gas well exploded
BOBTOWN, Pa. - Critics are raging after an energy giant offered pizza coupons to a community near a natural gas well that exploded last month, killing a worker. News stories, TV shows and blogs — many sarcastic or outright scornful — spread the word far and wide. "Shame on you," one person wrote about the offer by Chevron Corp. "How insulting!" said another. Comedy Central's satirical "The Colbert Report" skewered it. But the 750 or so residents of the hamlet of Bobtown? Not one has signed [Read more]
Oil rises on Ukraine crisis and hopes of better U.S. hiring
Oil prices rose Friday as the Ukraine crisis took a new twist and expectations rose for a solid increase in U.S. employment. Benchmark U.S. crude for April delivery was up 31 cents to US$101.87 per barrel at 2:20 a.m. ET in electronic trading on the New York Mercantile Exchange. On Thursday, the contract rose 11 cents to close at $101.56. Brent crude, used to set prices for international varieties of crude, was up 21 cents to $108.31 per barrel on the ICE exchange in London. The U.S. [Read more]
Hillary Clinton says little to reassure Calgary crowd on Keystone
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]
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