Brookfield Infrastructure Partners LP is raising its hostile takeover offer for Inter Pipeline Ltd. to top a friendly deal the company struck to be acquired by Pembina Pipeline Corp. Brookfield Infrastructure says its offer is valued at $19.75 per Inter Pipeline share including 74 per cent in cash and 26 per cent in shares. Inter Pipline's deal with Pembina would see shareholders receive half a Pembina share for each Inter Pipline share they hold, an offer worth about $18.91 per share [Read more]
Canadian drilling contractor association changes name to reflect energy transition
CALGARY - A 72-year-old bastion of the Canadian oilpatch has changed its name and mandate in a sign of the times as the world reduces its use of fossil fuels in favour of cleaner, greener forms of energy. The Canadian Association of Oilwell Drilling Contractors says it will become the Canadian Association of Energy Contractors after extensive member and industry consultations. It says it is also adopting an expanded mandate to reflect its members' roles in developing hydrogen, helium, [Read more]
Trans Mountain pipeline begins construction of tunnel in Burnaby, B.C.
BURNABY, B.C. - Construction has begun on the 2.6-kilometre tunnel in Burnaby, B.C., for the Trans Mountain pipeline expansion project. The company says in a news release the work on the tunnel connecting the Westridge Marine and Burnaby terminals began Wednesday. It says the start of construction of the tunnel represents one of the major components of the expansion project in the Lower Mainland and is expected to take a little over half a year to complete. The tunnel construction began [Read more]
Abandoned oil and gas wells will be cleaned up despite backlog: Alberta regulator
EDMONTON - The head of Alberta's energy regulator says his agency has all the tools it needs to be able to clean up the province's massive backlog of abandoned and inactive oil and gas wells. And Laurie Pushor, now a year into his tenure at the helm of the Calgary-based Alberta Energy Regulator, says the office is gradually regaining the trust of Albertans. More than half the province's wells are no longer producing and the regulator has predicted the number of those wells would double [Read more]
Fracking likely to create stronger, more common earthquakes in B. C: study
More damaging earthquakes can be expected more often in northern British Columbia as fracking oil and gas wells increases pressure underground, says newly published research. "It makes earthquakes more common and it makes larger ones more common," said Allan Chapman, an independent researcher and formerly senior scientist with the B.C. Oil and Gas Commission. "There appears to be a fairly strong relationship between this cumulative water loading underground and the magnitude of an [Read more]
Alberta revives ‘turn-off-taps’ resources bill that sparked legal row with B.C.
EDMONTON - Alberta is reviving its so-called turn-off-the taps legislation, but with a few changes. Environment Minister Jason Nixon says a proposed bill with revisions would be retroactive to May 1, when the previous act expired following a two-year sunset clause. The original legislation was crafted by Alberta’s former NDP government and proclaimed as the first act of Premier Jason Kenney’s United Conservative government in April 2019. It was to be used as a last resort against [Read more]
Canadian crude-by-rail exports bounce back in March as pipeline capacity limited
CALGARY - The Canada Energy Regulator says Canadian crude-by-rail exports bounced back in March due to better oil production amid limited export pipeline capacity for heavy oil. It says exports rose 57 per cent to reach 175,580 barrels per day after 111,900 barrels per day were exported by rail in February. Exports in both months are down from 195,500 bpd in January and 350,570 in March 2020. Crude-by-rail numbers have been volatile in the past few years. Shipments reached a record [Read more]
‘No evidence’: Researcher behind ‘anti-Alberta’ inquiry backs off assertion
EDMONTON - A researcher whose work helped prompt Alberta's inquiry into anti-oilsands campaigns seems to have backed away from one of her major allegations. Vivian Krause says she has never accused U.S. charitable foundations of trying to landlock Canadian oil to specifically benefit American competitors. That suggestion has been repeated numerous times by Alberta Premier Jason Kenney and other members of the United Conservative government as a justification for the $3.5-million [Read more]
First Nations group criticizes Woodside Petroleum’s move to sell Kitimat LNG stake
VANCOUVER - A British Columbia First Nations coalition says it's disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development. Woodside Petroleum Ltd., an Australian company, says it plans sell its 50 per cent stake in the 480-kilometre Pacific Trail Pipeline and the proposed LNG facility at Bish Cove. The First Nations Limited Partnership, which represents 16 First Nations in northern B.C., says the decision to sell [Read more]
Talks between Enbridge, Michigan to continue over Line 5 standoff, mediator says
WASHINGTON - The mediator in the dispute between Enbridge Inc. and the state of Michigan over the controversial Line 5 pipeline says the two sides plan to keep talking. Retired U.S. district court judge Gerald Rosen, who was appointed in March to oversee the talks, says the parties discussed a "range of issues" when they met Tuesday. Rosen's three-sentence report filed with the federal court in Michigan says the talks will continue and both sides anticipate further sessions [Read more]
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