BOE Report

Report coming on Northern Gateway pipeline

TORONTO - A panel reviewing a proposed pipeline to the Pacific Coast that would allow Canada's oil to be shipped to Asia will on Thursday deliver its recommendation on whether Canadian government should approve the project. Canada's National Energy Board said Tuesday the environmental report by the three-person review panel will be released Thursday in Calgary, Alberta. The final decision on whether Enbridge's controversial pipeline can go ahead, however, rests with Canada's Conservative [Read more]

Oil shipments on southern Keystone XL leg to begin Jan. 22

CALGARY - TransCanada Corp. (TSX:TRP) says it expects to begin shipping oil on the southern leg of its Keystone XL pipeline on Jan. 22. The pipeline company gave its customers the news late Monday. TransCanada began filling the US$2.3-billion Oklahoma-to-Texas line just over a week ago. In the coming weeks, some three million barrels of crude are expected to make their way to Houston-area refineries. TransCanada is still awaiting approval from the Obama administration to construct [Read more]

Blockade removed after injunction: PennWest

LITTLE BUFFALO, Alta. - The blockade of a Calgary energy company's access road is down after a court injunction ordered a northern Alberta aboriginal band to remove it.PennWest Exploration (TSX:PWT) spokesman Greg Moffatt says the Lubicon First Nation's obstruction of an access road into a prospective drilling site has been removed.Lubicon First Nations leadership says it is meeting to decide what to do next.The protesters had been blocking the road since late November in an effort to stop the [Read more]

Judge grants injunction against Lubicon

CALGARY - A Calgary judge has granted an injunction against an anti-fracking blockade of an energy company's drilling site in northern Alberta.A news release from the Lubicon Lake Nation says the judge sided with PennWest Exploration (TSX:PWT).The release says PennWest wanted a week-long injunction but the judge went beyond that request and granted a six-month injunction.Lubicon Lake Nation spokeswoman Cynthia Tomlinson says it is not the end of the fight "on the land or in the courts."The [Read more]

MARKETING MACHINE! Redford heads to India to promote Alberta service companies at world’s biggest oil and gas show

EDMONTON - Alberta Premier Alison Redford is heading to India in the new year.The premier says she will lead a trade mission from Jan. 8 to 19, to go to Petrotech, the largest oil and gas trade show in the Asian nation.Redford says she is going with representatives from Alberta service companies.She will also use the tour to open Alberta's new trade office in New Delhi.The tour will also include stops in Bangalore and possibly Mumbai.Redford says they will also explore opportunities in new [Read more]

Crude-by-rail in the spotlight in 2013

CALGARY - Crude oil moved along Canadian railway lines in unprecedented volumes in 2013 as delays in building new pipelines caused oil companies, clamouring to reach the most lucrative markets, to seek out alternative paths. The crude-by-rail trend had been gathering steam quietly in recent years. But after the disaster in Lac Megantic, Que., it could no longer fly under the radar.On July 6, an unattended train laden with 7.6 million litres of volatile crude barrelled into the town, setting off [Read more]

US: Oil output to near record; prices stay tame

NEW YORK - The Energy Department says the nation's energy picture is getting ever rosier. Production is rising, consumption is slowing, and prices are expected to remain in check.According to the Energy Department's annual outlook, domestic oil output may regain the peak it reached in 1970 over the next two years and gasoline prices will fall over the same period to just over $3 per gallon.Natural gas production and use will continue to soar, demand for gasoline will fall, and energy-related [Read more]

Industry, governments talk oilsands water release

EDMONTON - Oilsands producers are talking with the federal and Alberta governments about conditions under which water from the industry's tailings ponds could be released into the environment.Officials say releases would only involve treated water and wouldn't happen until the end of a mine's life.Environmentalists are watching the discussions closely and warn that quality standards for released tailings water should be high."If they'd be willing to take the water and dump it in the Bow River [Read more]

Judge’s delay for hearing application means Lubicon fracking protest can continue

LITTLE BUFFALO, Alta. - A anti-fracking blockade of an energy company's drilling site in northern Alberta will continue over the weekend after the protesters say a judge delayed hearing an application to get them to move. A news release from the Lubicon Lake Nation says a Calgary judge who was to hear the request by PennWest Exploration (TSX:PWT) has postponed the hearing until Monday. The protesters have been blocking an access road to PennWest's drilling site by Haig Lake since late [Read more]

U.S. billionaire, WHO MADE A FORTUNE ON OIL INVESTMENTS, explains anti-Keystone bid

WASHINGTON - Yes, the influential activist spearheading the fight against the Keystone XL pipeline has made a fortune in oil investments. Yes, he's invested in a rival pipeline that would compete with Keystone. But no, Tom Steyer says, there's nothing untoward about his motives. Steyer, the well-connected donor to successful U.S. political campaigns, says he left behind his previous life as an investment banker to dedicate himself to the fight against climate change. In a recent [Read more]