TORONTO - Drivers hoping for cheaper gas can fill up after the price at the pump across Canada dropped today to 143 cents. A senior director of public affairs at CAA National says the national gas price average has dropped by about 30 cents since last month but the price has not fallen as low as the 136.5 cents average that was recorded on Dec. 9, 2021. Kristine D’Arbelles says gas prices are expected to remain relatively low in the next couple weeks before they might go up again due to [Read more]
TC Energy shuts down Keystone pipeline system after leak in Nebraska
CALGARY - TC Energy Corp. says it has shut down its Keystone pipeline after a leak in Nebraska. The company says it has mobilized people and equipment in response to a confirmed release of oil into a creek, about 32 kilometres south of Steele City, Neb. TC Energy says an emergency shutdown and response was initiated Wednesday night after a pressure drop in the system was detected. It says the affected segment of the pipeline has been isolated and booms have been deployed to prevent the [Read more]
US to boost natural gas exports to UK in energy partnership
WASHINGTON (AP) — The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine. President Joe Biden and British Prime Minister Rishi Sunak announced the agreement Wednesday as part of a larger effort to reduce global dependence on Russian energy exports, stabilize Western energy markets and step up collaboration on energy [Read more]
Outgoing CEO Al Monaco says Enbridge ‘poster child’ for an orderly energy transition
CALGARY - Al Monaco may be the outgoing CEO of Canada's largest energy company, but don't ask him to predict the price of oil a decade from now — or even next year. “Anyone that says they can forecast energy markets is blowing smoke," the 63-year-old chief executive of Enbridge Inc. said in an interview last week. "This industry is not for the faint of heart.” But Monaco, who is set to retire Jan. 1 after 10 years at the helm of the company, isn't reticent about when he thinks we'll [Read more]
List of areas the Alberta government accuses Ottawa of overreaching
EDMONTON - When the Alberta legislature resumed sitting Tuesday, the first bill introduced by the United Conservative Party government was one aimed at shielding the province from federal laws it deems harmful to its interests. The Alberta Sovereignty Within a United Canada Act was a key promise from Premier Danielle Smith when she was running for the leadership of the party, replacing Jason Kenney. Smith said Tuesday that past efforts to work with the federal government have not worked [Read more]
Enbridge finalizes Woodfibre LNG deal to assume 30 per cent ownership stake
CALGARY - Enbridge Inc. says it has completed a previously announced transaction giving it a 30 per cent ownership stake in the Woodfibre liquefied natural gas (LNG) project. Enbridge announced in July a partnership with Pacific Energy Corp., part of the Singapore-based RGE Group, to jointly invest in the construction and operation of the Woodfibre LNG project, located near Squamish, B.C. Under the terms of the deal, Enbridge now owns a 30 per cent stake in the $5.1-billion project, with [Read more]
TC Energy expects cost of Coastal GasLink pipeline project to rise
CALGARY - TC Energy Corp. says it expects what it is calling a material increase in the cost of its Coastal GasLink pipeline project. The company says it continues to face significant cost pressures in Western Canada relating to labour costs and shortages of skilled labour, along with contractor underperformance and disputes. TC Energy says the project has also been hurt by other unexpected events including drought conditions, and erosion and sediment control challenges. It says it [Read more]
Line 5 shutdown ‘draconian,’ both sides must consider ‘imperfect’ alternatives: judge
WASHINGTON - A judge in Wisconsin is ordering Enbridge Inc. and an Indigenous band to confer about "imperfect" alternatives to shutting down the cross-border Line 5 pipeline. District Court Judge William Conley calls the prospect of shutting off the line "draconian" and wants Enbridge and the Bad River Band of the Lake Superior Chippewa to explore other options. Conley also rejects outright Enbridge's request that the band be ordered to allow the company access to its tribal lands in order [Read more]
Canada’s oil and gas drilling sector expects activity to pick up in 2023
CALGARY - The organization representing Canada's oil and gas drilling sector says it expects more activity in 2023. The Canadian Association of Energy Contractors (CAOEC) says it expects 6,409 wells to be drilled in Canada in 2023, an approximately 15 per cent increase from 2022. The CAOEC predicts 42,350 people will be employed directly and indirectly by the drilling sector in 2023, an increase of more than 5,400 jobs year-over-year. The industry group says it expects a boost next year [Read more]
All large emitters in Saskatchewan to be exempt from federal carbon tax in 2023
REGINA - All large emitters in Saskatchewan will soon be exempt from the federal carbon tax after Ottawa approved its proposed carbon-pricing system. Saskatchewan and Ottawa jointly announced that the federal output-based pricing system will no longer apply in the province starting in 2023. This comes after Saskatchewan applied to have natural gas pipelines and power plants regulated through its own carbon-pricing system. The federal system for industry will continue to apply in [Read more]
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