CALGARY, ALBERTA--(Marketwired - June 12, 2013) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) has received the National Energy Board (NEB)'s decision to reject TransCanada's request for review and variance of the NEB's previous decision released March 27, 2013 related to TransCanada's 2012-2013 restructuring proposal for tolls and service on the Canadian Mainline. On June 11, the NEB informed TransCanada that it is dismissing the company's review and variance application [Read more]
News
Pipeline in northern Alberta leaks 9.5 million litres of industrial waste water
ZAMA CITY, Alta. - A pipeline operated by a Texas-based oil company has leaked 9.5 million litres of industrial waste water in northern Alberta.The Energy Resources Conservation Board says the spill was first reported by Apache Canada Ltd. on June 1.The pipeline breach is about 20 kilometres northeast of Zama City, a remote community near the Northwest Territories boundary.Apache says it has stopped the leak and is working to contain and clean up the spill that covers a 42-hectare [Read more]
Prominent U.S. Keystone critic Robert F. Kennedy Jr. to visit oilsands
EDMONTON - One of the most prominent and recognizable critics in the United States of the proposed Keystone XL pipeline is coming to Alberta to have a look at the oilsands for himself.Environmental lawyer Robert F. Kennedy Jr. says he doesn't expect the visit to change his opinion."We've looked at the impacts of the tar sands internationally and in the United States and I want to learn as much as I can about benefits tar sands might bring to Canada," Kennedy told The Canadian Press [Read more]
Threats by unknown man forced evacuation of Calgary’s tallest building
CALGARY - Threats by an unknown man forced the evacuation of Calgary's tallest building. Occupants of the Bow, a 58-storey office tower, were cleared floor by floor on Tuesday afternoon after a suspicious man was spotted in several different locations. Calgary police say the man made unspecified threats inside the building and when security tried to deal with him he slipped away. The threats are being described as bizarre comments and included references to terrorists. The [Read more]
BP: US oil production surged in 2012 as growth in global energy demand slowed
LONDON - BP says the United States saw its biggest-ever annual increase in oil production in 2012, while the world's demand for energy grew at a slower pace than the year before. In its annual Statistical Review of World Energy released Wednesday, BP PLC says the U.S. produced 8.9 million barrels a day, up 13.9 per cent from 2011. Global oil production rose by 1.9 million barrels a day. Chief Executive Bob Dudley said the industry was seeing "a shift in supply towards a greater [Read more]
Mining, oil and gas companies to face tougher rules around disclosing payments
LONDON, United Kingdom England - Canada is adopting a G8 initiative that would require companies to disclose any payments they make to governments, Prime Minister Stephen Harper announced Wednesday in London at a meeting with oil, gas and mining executives."In advance of the G8 summit, I'm pleased to announce that Canada will establish new, mandatory reporting standards for payments made to foreign and domestic governments by Canadian extractive companies," Harper said."With 70 per [Read more]
Global energy companies ‘dead serious’ about B.C. natural gas, says minister
VICTORIA - Global energy corporations are "dead serious" about investing in British Columbia's potential as a world supplier of liquefied natural gas, said provincial Natural Gas Development Minister Rich Coleman after a $16 billion announcement on Tuesday.Malaysian national oil company Petronas said the investment would go towards a natural pipeline, LNG plants and an export terminal near Prince Rupert, on B.C.'s northern coast."Petronas has been very interested in LNG for B.C. for [Read more]
Global Petroleum Show announces annualization
One of the world's largest energy events to be held every year in Calgary, Canada CALGARY, June 12, 2013 /CNW/ - dmg :: events, organizers of one of the world's largest energy events, announced today that Global Petroleum Show (GPS), held in Calgary every two years since 1968, will now be held on an annual basis. The event broke records in 2012, welcoming 63,000 registered attendees from 100 countries, and 2,000 exhibiting companies in the oil and gas industry showcasing the latest [Read more]
Relentless Resources Agrees to Acquire Alberta Assets in Exchange for Loverna Property
CALGARY, ALBERTA--(Marketwired - June 11, 2013) - Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or the "Company") announced today that the Company has entered into an asset exchange agreement (the "Agreement") with an arm's length Calgary-based private oil and gas company ("Privateco") to assign all of the Company's petroleum and natural gas interests in south-western Saskatchewan in exchange for Privateco's interests in producing and undeveloped petroleum and natural gas properties [Read more]
EIA Report: Shale oil and shale gas resources are globally abundant
An EIA Report: Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world's crude oil and 32% of the world's natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to a new EIA-sponsored study (see Table 1) released today (June 10, 2013). More than half of the identified shale oil resources outside [Read more]