CALGARY - Canadian oil and gas companies are expected to increase spending in 2023, but analysts say it will be another year of modest growth and not a return to boom times. For Canada's energy industry, 2022 was the year that finally snapped a decade of weak commodity prices and brought prosperity back to the sector. With the lifting of global pandemic restrictions, the war in Ukraine, and the cumulative impact of years of under-investment in oil and gas, energy prices hit record highs in [Read more]
Trans Mountain pipeline fine for bird disturbances upheld while penalty slashed
A review panel is upholding a fine against the Trans Mountain pipeline for violations that resulted in disturbing bird nests. But the Canada Energy Regulator is dramatically slashing the amount of the penalty from $88,000 in the original ruling to $4,000. In February, the regulator found the pipeline company hadn't given its contractors enough environmental training. That resulted in the destruction or disturbance of the nests of three robins and one Anna's hummingbird. Trans [Read more]
Keystone pipeline reopening plan approved; in-service date not yet announced
CALGARY - TC Energy Corp. says it has received regulatory approval to restart the remaining segment of the Keystone pipeline that has been shut down since a Dec. 7 oil spill. The Calgary-based pipeline company says the U.S. Pipeline and Hazardous Materials Safety Administration has approved a restart plan for the 154-km stretch of pipeline that runs from just south of Steele City, Nebraska to Cushing, Oklahoma. TC Energy Corp. shut down the 4,234-km Keystone pipeline system immediately [Read more]
TC Energy says cold weather could slow recovery of oil from Keystone pipeline leak
CALGARY - TC Energy Inc. says upcoming cold weather has the potential to slow the recovery of the oil spilled from its Keystone pipeline leak in Kansas. The company says it has recovered an estimated 7,233 barrels of oil from a creek as of 5 p.m. CT on Sunday. The Keystone pipeline suffered the worst leak in its history when about 14,000 barrels of oil spilled into a creek in Washington County, Kan., on Dec. 7. The company says the affected segment of the pipeline remains isolated as [Read more]
Suncor faces charges related to injury of offshore Nfld. worker: regulator
ST. JOHN'S, N.L. - Newfoundland and Labrador's offshore oil and gas regulator says it has laid charges against Suncor Energy Inc. for alleged offenses related to the injury of a worker on the company's Terra Nova offshore platform. The Canada-Newfoundland and Labrador Offshore Petroleum Board says the charges are related to the injury of a worker on Dec. 29, 2019, who fell from a ladder while conducting gas testing. The board alleges that Suncor failed to ensure all workers had a properly [Read more]
TC Energy opens segment of Keystone pipeline; oil spill cleanup continues
CALGARY - TC Energy Corp. says it has restarted the section of the Keystone pipeline that was unaffected by last week's oil leak in Kansas. The Calgary-based company says the restarted segment of pipeline extends from Hardisty, Alta., to Patoka, Ill. The portion of the pipeline affected by the spill remains shut down. The Keystone pipeline suffered the worst leak in its history last week when about 14,000 barrels of oil spilled into a creek in Washington County, Kan. The affected [Read more]
Gas prices down across Canada, likely to last a few weeks leading up to holidays
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]
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