CALGARY - TC Energy Corp. says it has proactively halted construction on a 20-km stretch of its Coastal GasLink project over concerns about erosion and sediment control. The Calgary-based pipeline company says the affected section of pipeline is located near the Little Anzac River north of Prince George, B.C. TC Energy says the region has been affected by challenging spring melt conditions caused by an abundance of snow this winter, a quick spike in temperatures, and heavy rainfall. The [Read more]
New Suncor CEO Kruger focused on cost-cutting, will ‘play to win’
CALGARY - The new top boss at Suncor Energy Inc. says he has a sharp focus on cost-cutting as he embarks on the task of improving performance at the oilsands giant. Rich Kruger, who took over as Suncor's new CEO on April 3, pledged Tuesday that the company will become a "simpler and more focused organization" under his leadership. On a conference call with analysts to discuss the company's first-quarter financial results, he promised to be candid, transparent, and operate with a "sense of [Read more]
Parkland rejects activist investor’s call to sell or spin off Burnaby refinery
CALGARY - Parkland Fuel Corp. said Thursday its Burnaby, B.C. refinery is not for sale, even in the face of pressure from an activist investor. The Calgary-based fuel retailer and convenience store operator has been the subject of a campaign by U.S.-based Engine Capital LP, which owns about a two per cent stake in Parkland. The activist investor has been calling on Parkland to consider selling or spinning off its Burnaby refinery in order to become a pure-play fuel marketer and [Read more]
Alberta regulator reconsiders Fort Hills oilsands approval after critical report
EDMONTON - Alberta's energy regulator is reconsidering a project it approved months ago after receiving a critical report on Fort Hills Energy's plan to mine oilsands from a unique carbon-storing wetland. In September, the Alberta Energy Regulator approved plans to mine a portion of the McClelland Lake Wetland Complex — a large and intact wetland once considered for environmental protection that lies partly within the company's lease. The approval came after a two-decade regulatory history [Read more]
‘A reflection’: Stampede tarp auction an indicator of Alberta’s booming economy
CALGARY - The amount of money that was flowing freely at the annual Calgary Stampede canvas auction Thursday night was just the sort of gusher that Alberta's oil and gas industry likes to see. The event is typically considered a bellwether for Alberta's energy industry, as many sponsors that pay to have their company names on chuckwagons competing in the festival's rodeo are players in the energy sector. The province has traditionally had a boom-and-bust economy tied to the price of oil. [Read more]
Oil and gas sector routinely targeted by cyberattackers, experts say
CALGARY - Cybersecurity experts say they aren't surprised by the revelation contained within a package of leaked U.S. intelligence documents suggesting Russian-backed hackers successfully gained access to Canada's natural gas distribution network. They say oil and gas infrastructure in Canada and around the world is routinely targeted by cyber-criminals for financial gain as well as by state-sponsored hackers looking to create mayhem. Lesley Carhart of industrial cybersecurity company [Read more]
For want of a pipeline: Canadian LNG should power revolution, report says
WASHINGTON - As the world struggles to find the right balance that still runs on fossil fuels, Canada should be leveraging its natural-gas riches, a new report suggests. The report, to be released today by the Canadian Chamber of Commerce, urges the federal government to finally get serious about building the infrastructure necessary to fast-track the extraction and export of liquid natural gas. The carbon credits clause of the 2015 Paris climate accord could be a "key driver of growth" [Read more]
RCMP arrest five people near natural gas pipeline construction site in northern B.C.
The RCMP say five people have been arrested at two camps in the area where a disputed natural gas pipeline is under construction in northwestern British Columbia. Police say Mounties responded to a complaint Sunday night from Coastal GasLink security, who reported that a worker had been "swarmed" by a group of people wearing masks. Police say the group allegedly fired flares and gained access to one of the pipeline company's vehicles when the worker left the area because of the [Read more]
Indigenous-led prospective buyer ‘not going away’ even as Trans Mountain costs spiral
CALGARY - An Indigenous-led initiative says it is still pursuing ownership of the Trans Mountain pipeline, in spite of the project's ballooning price tag. Project Reconciliation managing director Stephen Mason says his group isn't going away just because Trans Mountain Corp. announced last week that construction costs for the project have risen to $30.9 billion. The Trans Mountain pipeline was bought by the federal government for $4.5 billion in 2018 after previous owner Kinder Morgan [Read more]
$3.28-billion Indigenous-led LNG project gets B.C. environmental certificate
VICTORIA - The Haisla First Nation on British Columbia's northern coast has been granted a provincial environmental assessment certificate for a floating liquefied natural gas facility. The B.C. government says the nation, in partnership with Pembina Pipeline Corp., proposes to use electricity to operate the LNG facility and export terminal. The $3.28-billion terminal will be supplied with natural gas from the Coastal GasLink pipeline, which is still under construction. A statement from the [Read more]
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