OTTAWA - An anti-Keystone XL pipeline crusader has written to Prime Minister Stephen Harper, suggesting Canada's aggressive lobbying for the project played a part in the ongoing government shutdown south of the border.Tom Steyer, a San Francisco billionaire and a major Democratic party fundraiser, chastises Harper for saying he would not "take 'no' for an answer" from U.S. President Barack Obama on TransCanada's Keystone XL.In a question-and-answer session with the Canadian American Business [Read more]
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U.S. expected to be largest producer of petroleum and natural gas hydrocarbons in 2013
Source: U.S. Energy Information Administration Note: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu). The U.S. Energy Information Administration estimates that the United States will be the world's top producer of petroleum and natural gas hydrocarbons in [Read more]
Crude rises toward $104 a barrel as offshore oil rigs brace for Tropical Storm Karen
The price of crude rose to near $104 a barrel Friday as offshore oil rigs in the Gulf of Mexico braced for Tropical Storm Karen.By early afternoon in Europe, benchmark oil for November delivery was up 54 cents to $103.85 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 79 cents to close at $103.31 on Thursday.Several oil companies operating in the Gulf of Mexico, including Exxon, said they were taking precautionary measures, including the evacuation of [Read more]
NuVista Energy Ltd. Announces Flow-Through Share Financings
CALGARY, Oct. 4, 2013 /CNW/ - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Peters & Co. Limited and RBC Capital Markets Corp., and including CIBC World Markets Inc., FirstEnergy Capital Corp., Scotia Capital Inc., BMO Capital Markets and TD Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal [Read more]
Pipeline crew digs up earth near Spirit River, uncover MASSIVE DINOSAUR FOSSIL
While using a backhoe to dig up earth near Spirit River Alberta, crews working on a new pipeline for Tourmaline uncovered a gigantic dinosaur fossil. The fossil is estimated to be around 30 meters in length. The backhoe operator dug into what he thought was a rock, but after grabbing a piece from the ground and examining a pattern in the earth the worker noticed he dug up a series of fossils. After the discovery the workers stopped digging and waited for paleontologists to come to [Read more]
B.C. government announces study on impact of LNG emissions
KITIMAT, B.C. - The B.C. government says it will fund a $650,000-study to look at the environmental and health impacts of liquefied natural gas emissions in the northwestern city of Kitimat, where three LNG terminals have been proposed.A government news release says the study will assess sulphur dioxide and nitrogen dioxide emissions from an existing aluminium smelter, the proposed LNG terminals, a proposed oil refinery, a crude-oil export facility, and gas-turbine-powered electrical generation [Read more]
Williams project to turn oilsands off gas into plastic feedstock near completion
CALGARY - A project to turn oilsands off-gas into a feedstock for plastic producers is almost ready for startup.The president of Williams Energy Canada says mechanical work on the project — which involves expansions to its facilities in Fort McMurray and Redwater, Alta., — is virtually done.David Chappell says in the next week and a half or so, Williams should be able to remove ethane from the mixture of gases that are a byproduct of the oilsands upgrading process.Ordinarily that gas would be [Read more]
NDP’s Mulcair slams Alberta government for seeking to silence oilsands critics
EDMONTON - Federal NDP Leader Thomas Mulcair says a judge's finding that Alberta's Environment Department is trying to silence some environmental advocates speaks volumes about Premier Alison Redford's government.Mulcair says Court of Queen's Bench Justice Richard Marceau's ruling reinforces the public's perception that the dice have been loaded in favour of developers.Marceau quashed a decision by an Environment Department official who refused to allow the Oil Sands Environmental Coalition [Read more]
Lone Pine sues Quebec to lift fracking ban
OTTAWA - Free trade critics say a damage suit being pursued as a result of Quebec's moratorium on fracking is proof Canada needs to be careful in negotiating trade pacts around the world. The Council of Canadians, the Sierra Club and Quebec-based Eau secours say the suit by Lone Pine Resources Inc. proves that trade deals that include investor protection clauses are a bad idea because they can prevent governments from passing laws to protect the environment. Lone Pine president Tim Granger [Read more]
Application for Energy East Pipeline delayed until sometime in 2014
SAINT JOHN, N.B. - TransCanada has delayed its goal of filing an application for its proposed Energy East Pipeline with the National Energy Board until next year, the company's vice-president of eastern business development said Thursday.Steve Pohlod told an energy conference in Saint John, N.B., that there is too much work to do to be able to meet its initial goal of filing the application for the $12-billion project before the end of this year."There is still work we have to do out in the [Read more]