CALGARY - Alberta's energy regulator is toughening rules to reduce the potential negative effects of energy industry gas emissions.The new rules will apply to industry practices such as flaring, venting and burning off gas and are to go into effect June 16.Jim Ellis, president of the Alberta Energy Regulator, said the changes will help ensure the safe and environmentally responsible development of energy resources."Revisions to Directive 060 give the AER tools to require gas conservation, [Read more]
Germany’s RWE starts reverse-flow natural gas deliveries to Ukraine
BERLIN - German utility company RWE said Tuesday it has started sending natural gas to Ukraine, a move that could support the country if Russia acts on its threat to cut off supplies because of a massive debt for past deliveries.The reverse-flow deliveries from Germany via Poland are largely symbolic for the moment, but could be ramped up to provide about a fifth of the country's gas needs.Last week, Russian President Vladimir Putin said Ukraine owes Russia $35.4 billion for gas — about 20 times [Read more]
Northern Gateway makes nice with Canadian unions as it works to build support
PRINCE GEORGE, B.C. - Enbridge (TSX:ENB) is aiming to build support for its proposed Alberta-to-B.C. oil pipeline by pledging to bring good jobs, meaty paycheques and ample training opportunities to Canadian workers.A memorandum of understanding has been signed between Northern Gateway Pipelines and trade unions representing pipeline construction employees.Northern Gateway says the MOU promises a minimum of about 2,100 person years of union employment to the Pipe Line Contractors Association of [Read more]
Encana advances plans for publicly traded spinoff PrairieSky Royalty
CALGARY - Encana Corp. (TSX:ECA) has advanced its plans for spinning off a portion of its assets into a separate publicly traded business, to be called PrairieSky Royalty Ltd. The Calgary-based natural gas producer expects to own a majority interest in PrairieSky, but precise details of Encana's stake aren't disclosed in documents prepared for the new company's initial public offering. Encana originally announced plans for a spinoff in November, when it slashed its dividend and announced plans [Read more]
Oil falls below $104 ahead of talks on Ukraine crisis
The price of oil fell Tuesday ahead of talks in Switzerland that might help defuse tension between the West and Russia over Ukraine. Benchmark U.S. crude for May delivery was down 68 cents to US$103.39 at 0650 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 31 cents to close Monday at $104.05. Officials from the U.S., Russia, Ukraine and the European Union are set to meet in Geneva on Thursday for negotiations aimed at persuading Russia to back off in [Read more]
Texas-based Stabilis Energy buying Encana’s U.S. liquefied natural gas unit
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
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
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
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
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]
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