OTTAWA - A former top Conservative cabinet minister says it's time for Canada to look beyond the Obama era if it wants to push economic integration with the United States to a new level. Jim Prentice says that includes pushing for approval of the Keystone XL pipeline, which has been stalled by the logjam of U.S. domestic politics — something he says probably won't change in the next three years. Prentice says new gas discoveries in both countries have transformed North America's economic [Read more]
US Oil in first close above US$100 this year
NEW YORK - Oil prices rose slightly Monday, enough to close above US$100 a barrel for the first time this year.Investors are awaiting the first public comments from the new chairman of the U.S. Federal Reserve. Janet Yellen, who last week was confirmed in her role. She is scheduled to appear before the U.S. Congress on Tuesday and traders will be particularly interested to hear anything she says about the withdrawal of the Fed's monetary stimulus.The central bank has reined in its stimulus [Read more]
Parade of energy firms to report this week
CALGARY - This week will see a parade of quarterly earnings from some big energy names, including two Calgary-based companies that are in the thick of strategic overhauls. Encana Corp. (TSX:ECA) and Talisman Energy Inc. (TSX:TLM) are both in the process of shrinking. Instead of throwing money at an array of different projects, the two are concentrating on the most lucrative regions and prioritizing profitability over production growth. Talisman will post its results for the full year and [Read more]
Longview gets takeover offer
CALGARY - Longview Oil Corp. is reviewing an unsolicited, non-binding takeover offer from an unidentified public company. Longview provided few details except that the prospective bidder would pay for the deal with its own shares. The company says it has set up a special committee to review the proposal and also adopted a shareholder rights plan. The rights plan is a defensive move to provide Longview's board with time to evaluate the offer and alternatives. The overture comes at a [Read more]
By rail or pipeline, oil will go to U.S.: Doer
EDMONTON - Canada's ambassador to the United States says stopping the Keystone XL pipeline won't stop an increasing amount of Alberta oil from getting to the Gulf Coast. Gary Doer says shipping oil by rail south of the border has skyrocketed in the last two years with a resulting increase in greenhouse gas emissions. He says that's why he will continue to work to persuade the U.S. government to approve the Keystone pipeline from Alberta to Texas. He says it helps that decision-makers in [Read more]
B.C. applies for intervener status at Trans Mountain pipeline hearings
VANCOUVER - The province of British Columbia has filed an application to take part in the public hearings into Kinder Morgan's proposed expansion of its Trans Mountain oil pipeline. Under an agreement signed with the federal government, the province will not conduct its own review of the project but let the federal decision stand for B.C.'s assessment as well. As an intervener, the province is on the same footing as First Nations, environmental and business groups that, under new federal [Read more]
Statoil to drill off Newfoundland in summer
ST. JOHN'S, N.L. - Norwegian energy firm Statoil says it will begin exploration drilling off Newfoundland later this year. The company says the drilling will take place some time likely between July and September. Statoil announced last fall that it had discovered a reservoir of light crude believed to hold between 300 million and 600 million barrels of recoverable oil while drilling in an area known as the Bay du Nord prospect, about 500 kilometres northeast of St. John's. It was the [Read more]
NDP wants urban drilling banned in Alberta
LETHBRIDGE, Alta. - The Alberta New Democrats are calling on the provincial government to ban all drilling in urban areas. NDP Leader Brian Mason spoke with Lethbridge media Thursday just two kilometres from where GoldenKey Oil wants to drill three exploratory wells. Mason said the Tory government is dragging its feet when it comes to addressing the issue. He also wants the Conservatives to undertake an independent, scientific review of fracking, its impact on water quality, air quality [Read more]
Keystone XL as price for a U.S. debt extension? Republicans appear to back away
WASHINGTON - U.S. Republicans have apparently considered — and rejected — the idea of using a high-stakes fiscal showdown to force the construction of the Keystone XL pipeline. There had been reports that Republicans in Congress contemplated demanding approval for the pipeline in exchange for their votes to raise the U.S. debt ceiling in the coming weeks — but that they couldn't agree on it, or any other, debt strategy. The top Republican in the House of Representatives didn't deny those [Read more]
Six MEG oil trains loaded in January as company skirts jammed pipelines
CALGARY - Unit trains full of MEG Energy Corp's crude have begun departing from a new rail loading facility northeast of Edmonton, as the oilsands producer looks for ways around jammed pipelines to the best-paying markets. Late last year, MEG hooked up crude from its oilsands operations in northeastern Alberta to an oil-by-rail terminal operated by Canexus Corp. (TSX:CUS), making it the first direct connection of its kind in Canada. The first unit train — 60,000 barrels of crude across [Read more]
- « Previous Page
- 1
- …
- 500
- 501
- 502
- 503
- 504
- …
- 544
- Next Page »