CALGARY - The National Energy Board says its inspection of Enbridge's control room operations has found no serious issues, but that it's ordering a third-party audit to take a closer look."The board did not identify any non-compliances with its regulations that would pose an immediate hazard to public safety or the environment," the national energy watchdog said in a report released Monday.The inspections last August and September were meant to assess improvements Enbridge had made [Read more]
News
Encana to Announce New President & CEO June 11, 2013
CALGARY, ALBERTA--(Marketwired - June 10, 2013) - Encana Corporation (TSX:ECA)(NYSE:ECA) A news release will be distributed prior to the opening of the New York Stock Exchange and Toronto Stock Exchange to announce Encana's new President & CEO in Calgary, Alberta on the morning of June 11, 2013 at approximately 6:00 a.m. MT (8:00 a.m. ET). Following the announcement, Encana will host a conference call for the investment community at 9 a.m. MT (11 a.m. ET) and a media roundtable at [Read more]
Saskatchewan will need $20 to $30 billion in capital investments a year until 2032: report
REGINA - A new report says Saskatchewan will need to attract $20 billion to $30 billion in capital investment a year until 2032 to finance economic and infrastructure growth.And in order to do that, the Conference Board of Canada says Saskatchewan has to be open to foreign investors — including state-owned enterprises."Realistically, the investment isn't going to come from within Canada to do a lot of those projects," report author Michael Grant said Monday in a phone interview from [Read more]
NEB Releases Enbridge Control Room Inspection Report
CALGARY, June 10, 2013 /CNW/ - The National Energy Board (NEB or the Board) has released the inspection report documenting its assessment of Enbridge Pipeline Inc.'s (Enbridge) initiatives in pipeline integrity, emergency response management, and control centre operations. In August and September of 2012, the Board inspected Enbridge's control room operations to assess Enbridge's stated improvements following the 2011 pipeline rupture in Marshall, Michigan. "The Board requires its regulated [Read more]
Whitecap Resources Inc. announces appointment of Director
CALGARY, June 10, 2013 /CNW/ - Whitecap Resources Inc. (TSX: WCP) is pleased to announce that Ken Stickland has been appointed to the Whitecap Board of Directors effective June 10, 2013 and will also serve as a member of the Audit Committee. Mr. Stickland is currently the Chief Business Development Officer of TransAlta Corporation. Prior to joining TransAlta inJanuary 2001, Mr. Stickland was a partner with the Calgary law firm of Burnet, Duckworth & Palmer LLP where he practiced in the [Read more]
Alberta’s Lubicon band launches new lawsuit
LITTLE BUFFALO, Alta. - The Lubicon Lake First Nation is heading for another showdown with the federal and Alberta governments over treaty rights and resource revenue.The Cree band has filed a lawsuit against the governments in which it seeks a reserve and hundreds of million of dollars in compensation for oil and natural gas extracted from land it claims.The lawsuit filed by aboriginal rights lawyer James O'Reilly on behalf of the Lubicon asks Alberta's Court of Queen's bench to call [Read more]
Saudi prince sues Forbes for saying he’s only worth $20B
From Reuters: Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20.5 billion was short of the mark by $9.8 billion, Britain’s Guardian newspaper reported on Friday. The prince, a grandson of Saudi Arabia’s founder and nephew of King Abdullah, had attacked the U.S. magazine’s ranking of world billionaires as flawed and biased against Middle Eastern businesses after he was ranked number 26 in [Read more]
IEA: Energy emissions rose to record high in 2012
STOCKHOLM — The International Energy Agency says the world’s energy-related carbon dioxide emissions rose 1.4 percent in 2012 to a record high of 31.6 gigatons, even as the U.S. posted its lowest emissions since the mid-1990s. In a report released Monday, the IEA says China saw the largest emissions growth last year, but the increase was among the lowest seen in a decade amid investments in renewable energy and energy efficiency. The IEA says the energy sector accounts for about [Read more]
“Big oil” exiting gas station business, study shows
Annual study also reveals a continued drop in outlets operated by integrated refiner-marketers and a continued decrease in the number of retail fuel sites in Canada. LONDON, ON, June 10, 2013 /CNW/ - According to a recent survey of Canada's retail gasoline facilities by petroleum consultancy MJ Ervin & Associates, Canada's gas stations are increasingly becoming divorced from the crude oil producing and refining sectors that have traditionally maintained a "well-head to gas tank" vertical [Read more]
Palliser Oil & Gas Corporation Provides Operations Update
/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, June 10, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) is pleased to provide an operations update. Production has continued to progress favorably through the second quarter, with May average production of approximately 2,950 boe/d based on field estimates. Second quarter to date production is estimated at approximately 2,800 boe/d, [Read more]