OTTAWA - A push for parliamentarians to meet this summer to assess railway safety has more to do with partisan politics than with Quebec's horrific train crash, the chairman of the House of Commons transport committee said Friday.Conservative MP Larry Miller was responding to calls from the NDP and the Bloc Quebecois to convene committee hearings as early as next month in the wake of the Lac-Megantic disaster."Right now is not the time to play politics and I just don't think the [Read more]
News
Leaking propane tank fixed near children’s camp
COCHRANE, Alta. - Children from an Easter Seals camp had to evacuate during a gas scare in the Alberta foothills Friday, but returned hours later after the smell was traced to a flood-damaged propane tank.Crews originally responded to reports of a gas smell along Highway 66, just south of the Trans-Canada Highway near Cochrane.Area administrator Shawn Polley said about 50 people were told to leave Camp Horizon, an outdoor get-away for children with disabilities."We requested they were [Read more]
Gasoline prices to spike, watchers warn
OTTAWA - Filling up the tank on the way to the cottage or that vacation destination has become more expensive in recent weeks — and prices at the gas pump are about to get worse, market watchers are warning.Investor thirst for black gold — as opposed to the precious metal — is largely to blame, said Dan McTeague, the former federal MP and gas-price crusader who runs the website tomorrowsgaspricetoday.com.The price of oil has been spiking as gold prices decline, helping to push gasoline [Read more]
Oil rises near US$106 on supply concerns
NEW YORK - The price of oil rose to near US$106 a barrel Friday, supported by continuing tensions in Egypt and a sharp drop of U.S. crude stockpiles.Benchmark crude oil for August delivery gained $1.04 to $105.95 a barrel on the New York Mercantile Exchange.Even with a drop of $1.60 a barrel Thursday, the price of oil rose $2.73 this week and is up nearly 10 per cent in July.Oil has risen from around $97 on July 1, mainly for two reasons. Traders are concerned that unrest in Egypt [Read more]
Possible natural gas leak closes Alberta highway near Easter Seal camp
COCHRANE, Alta. - A possible gas leak closed a highway Friday and threatened the evacuation of a children's camp in the Alberta foothills.Fire crews and officials from Alberta's energy regulator and Environment Department were on their way to the area following reports of a strong gas smell along Highway 66, just south of the Trans-Canada Highway near Cochrane.The smell was near Camp Horizon, a children's camp operated by the Easter Seal campaign."Right now, we're just investigating [Read more]
Provocative pro nuclear movie comes to Canada as country debates oil, climate
OTTAWA - To the chagrin of environmentalists, Robert Stone would like to see a day when nuclear power plants are manufactured like jumbo jets — and are just as common. Stone is the director and producer of "Pandora's Promise," a provocatively pro-nuclear-power film that premiered in January at the Sundance Film Festival and opens Friday night for a one-week run in Toronto. The film — a portrayal of former environmental opponents of nuclear power who have seen the glowing green [Read more]
Questerre Spuds Fifth Montney Well
CALGARY, ALBERTA--(Marketwired - July 12, 2013) - NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Questerre Energy Corporation">Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today that drilling operations have commenced on the fifth well (the "05-23 well") targeting the liquids rich-Montney shale in the Kakwa-Resthaven area of Alberta. Questerre holds a 25% working interest in this well. [Read more]
NEB denies request to dub Chevron refinery ‘priority destination’ for crude
CALGARY - The National Energy Board has denied Chevron's request to deem its refinery in Burnaby, B.C., a "priority destination" for crude shipped on Kinder Morgan's Trans Mountain pipeline.The Canadian unit of U.S. energy giant Chevron Corp. (NYSE:CVX) brought the case before the regulator more than a year ago because it said it hasn't been able to economically access enough crude for the 55,000-barrel-per-day refinery.The Trans Mountain line wasn't able to accommodate all of the [Read more]
Enbridge Restarts Line 37 Pipeline, Returns Athabasca Pipeline to Full Service
CALGARY, ALBERTA--(Marketwired - July 11, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today confirmed the return to service of its Line 37 pipeline between Long Lake and Cheecham, Alberta at reduced operating pressure, and the return to full service of the Athabasca Pipeline (Line 19) between Fort McMurray and Cheecham. Line 37 had been shut down June 22 as a result of a release of light synthetic crude oil caused by high rains which led to 1-in-100 year water levels that triggered ground [Read more]
Renegade Petroleum Ltd. Announces a Reduction in the Dividend, Closing of a $19 Million Non-Core Asset Disposition, Confirmation of 2013 Production Guidance and an Operational Update
CALGARY, ALBERTA--(Marketwired - July 11, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL), a light oil focused exploration and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota, is pleased to provide an update on the Company's on-going strategic review process and the work the special committee and the board has done to increase Renegade's financial flexibility and strengthen its balance sheet. The board has [Read more]