EDMONTON - Alberta Premier Alison Redford says she stated her case to high-profile American oilsands critic Al Gore, but doesn't have any illusions about the result.Redford says she and Gore agreed to disagree on points about climate change and what Alberta is doing to eradicate it.Redford and Gore, the former U.S. vice-president, met last week at the World Economic Forum in Davos, Switzerland.The two met as part of a closed-door discussion about climate change.Redford says she can't, under [Read more]
Oil above US$97 as market eyes Fed, supplies
The price of oil rose nearly two per cent Tuesday, reversing losses from the previous two sessions. Benchmark West Texas Intermediate crude for March delivery gained $1.69, or 1.8 per cent, to close at US$97.41 a barrel on the New York Mercantile Exchange. Two events could drive trading Wednesday: The latest report on U.S. oil supplies and the conclusion of a two-day meeting of the Federal Reserve's monetary policy committee. Fed officials are widely expected to reduce the central [Read more]
Natural gas service restored in Manitoba communities after pipeline explosion
WINNIPEG - Natural gas was back again Tuesday in all Manitoba communities that had been left without heat following a pipeline explosion. TransCanada said service was restored to most communities overnight Monday and gas began flowing to the rest by Tuesday afternoon. "TransCanada expects no further interruptions to regular natural gas service for these communities as we continue to make repairs to the pipelines and valve station to bring them back into service," the company said in a [Read more]
B.C.-Alberta panel urges harmonizing rail, roads, pipelines for economic growth
EDMONTON - A joint study group says it will work to identify the best way to harmonize roads, rail, pipelines and permits in Alberta and British Columbia to get the most value for energy exports. The cross-provincial working group, in a report released Monday, says getting more oilfield equipment moved from the ports through B.C.'s mountainous interior to the oilfields is an emerging issue. Alberta Energy Minister Diana McQueen said it's further evidence that the energy sector has multiple [Read more]
Oil falls below US$96 as US set to thaw out
NEW YORK - The price of oil fell below US$96 a barrel Monday amid forecasts for moderating temperatures in the U.S. Northeast and anticipation about the outcome of the next meeting of the U.S. Federal Reserve. Benchmark West Texas Intermediate crude for March delivery fell 92 cents to close at US$95.72 a barrel on the New York Mercantile Exchange. Along with oil, the prospects of a break in the deep chill that has enveloped the U.S. upper Midwest, the Northeast and parts of the South sank [Read more]
Gas to be back on in Manitoba by midday Tuesday
WINNIPEG - TransCanada Pipelines says it hopes to have natural gas service restored to everyone in frigid southern Manitoba by midday Tuesday.Vice-president Karl Johannson says some communities may even see their service restored today after a huge explosion near St. Pierre-Jolys over the weekend.Johannson says it is simply too early to say what caused the blast.He says the company will compensate people for any direct losses suffered because of the outage. Many of the 4,000 people affected by [Read more]
Oil production hits new Saskatchewan record
REGINA - The Saskatchewan government says the province's oil patch is pumping out production like never before. It says oil production last year set a new record of 177.9 million barrels, or 487,400 barrels per day. That's up from the previous record of 172.9 million barrels or 472,500 barrels per day set in 2012. Drilling activity also set a new record. The province says 2,433 horizontal oil wells were drilled last year, surpassing the 2,036 horizontal oil wells drilled in [Read more]
People try to keep warm after pipeline blast
WINNIPEG - People who live in parts of southeastern Manitoba are getting creative as they endure another day without natural gas following Saturday's pipeline explosion. Steve Cope has been placing an electric space heater next to his furnace's cold-air intake to blow warmth throughout his two-storey home in Niverville. Cope says he, his wife and their five-year-old daughter have been sleeping in the same room to keep warm, and the house has stayed above 10 C. The Rural Municipality of [Read more]
Cold wait for natural gas after pipeline fire
ST. PIERRE-JOLYS, Man. - Tanker trucks carried emergency supplies of compressed natural gas on Sunday to heat critical locations in southern Manitoba as thousands of residents have to contend with no heat.The residents have been told that a pipeline explosion on Saturday means they could have to spend several days in frigid temperatures without fuel to heat their homes.Natural gas service for an estimated 4,000 people in municipalities south of Winnipeg was interrupted following a huge explosion [Read more]
Cash offers skyrocket as much as 700 per cent for landowners resisting Keystone
PAGE, Neb. - Cash offers have been skyrocketing, as much as seven-fold, for holdout Nebraska landowners who are willing to sign quickly to allow the Keystone XL pipeline onto their property. The landowners say they've received written offers from pipeline builder TransCanada Corp. in the last few weeks offering exponentially more money than initially promised, on the condition that they sign soon. Those offers are pouring in at a pivotal moment for the Canada-U.S. pipeline, whose [Read more]
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