CALGARY - Enbridge Inc. has been fined for breaching Minnesota environmental laws during the construction of its Line 3 pipeline replacement. The Minnesota Department of Natural Resources has ordered Enbridge to pay $3.32 million for breaching an aquifer containing groundwater during construction of a trench near the company's Clearbrook Terminal. The department says Enbridge did not follow the construction plans it had originally provided, and instead dug the trench deeper than proposed. [Read more]
Headlines
U.S. drillers add rigs for second week, Gulf unchanged
U.S. energy firms this week added oil and natural gas rigs for a second week in a row although the number of offshore units in the Gulf of Mexico remained unchanged after Hurricane Ida slammed into the coast over two weeks ago. Fourteen offshore Gulf of Mexico rig shut two weeks ago due to Ida remained shut, energy services firm Baker Hughes Co said in its closely followed report on Friday. Last week, four of those offshore rigs returned to service. The oil and gas rig count, an early [Read more]
Oil dips as U.S. storm-hit supply makes slow return
Oil prices fell on Friday as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, but both benchmark contracts are on track to post weekly gains of around 4% as the recovery in output is seen lagging demand. U.S. West Texas Intermediate (WTI) crude futures were 67 cents, or 0.92%, lower at $71.85 a barrel, after settling unchanged on Thursday. Brent crude futures fell 44 cents, or 0.58%, to $75.16 a barrel, giving up most of the previous session's 21 cent [Read more]
Enbridge fined $3.32 million for failings in Line 3 replacement project
The Minnesota Department of Natural Resources (DNR) said on Thursday it fined Enbridge Inc $3.32 million, citing the Canadian company's failure to follow environmental laws during the construction of its Line 3 oil pipeline replacement. "Enbridge breached the confining layer of an artesian aquifer, resulting in an unauthorized groundwater appropriation during the construction of the Line 3 replacement project near Enbridge's Clearbrook Terminal," DNR said in a statement DNR's order also [Read more]
Column: Canada’s national conversation is changing – and it’s far from what you’d think
While common opinions about the energy sector are contentious, support for the energy sector is growing – and it can be attributed to the industry’s approach to responsibility. Canadians are increasingly aware of Canada’s investments in Indigenous participation and environmental sustainability in the energy industry. And it’s becoming a salient issue for the election. In an unprecedented show of support for Canada’s energy sector, Federal parties of all stripes joined together to prevent the [Read more]
Unpacking oil subsidies in Canada
Recently, Jagmeet Singh, NDP leader vowed he would end subsidies given to oil and gas companies if the NDP wins the upcoming federal election, directing that money to renewable energy. Via Investopedia, a subsidy is a benefit given to an individual, business, or institution, normally from government. It brings to question, do Canadian oil and gas companies receive subsidies from their government, and how much? In April, a report released by Environmental Defence stated the government provided [Read more]
Cuda Oil and Gas Inc. Announces Agreement to Sell Alberta Assets for $2.67 Million
Calgary, Alberta--(Newsfile Corp. - September 16, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that it has entered into a Share Purchase Agreement ("Agreement") to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm's length private company (the "Purchaser"). The Purchaser has agreed to pay total cash consideration of $2.67 million, subject to certain adjustments, and has provided a [Read more]
Hillcrest Energy Technologies announces AGM results
VANCOUVER, B.C. – Hillcrest Energy Technologies (CSE:HEAT) (CNSX:HEAT.CN) (OTCQB:HLRTF) (FRA:7HIA.F) (“Hillcrest'' or the “Company”), a clean tech innovation and e-mobility development company, is pleased to announce the results of voting at its Annual General Meeting held Thursday, September 16, 2021. Shareholders overwhelmingly voted in favour of all items put forward by the Board of Directors (“the Board”) and Management. At the meeting, Mr. David Stone did not stand for re-election and [Read more]
TC Energy sells remaining 15 per cent stake in Northern Courier Pipeline
CALGARY - TC Energy Corp. says it has signed a deal to sell its remaining 15 per cent stake in the Northern Courier Pipeline to a partnership including Suncor Energy Inc. and eight Indigenous communities. Financial terms of the agreement were not immediately available. The Astisiy Limited Partnership includes the Athabasca Chipewyan First Nation, Chipewyan Prairie First Nation, Conklin Métis Local #193, Fort Chipewyan Métis Local #125, Fort McKay Métis Nation, McMurray Métis, Fort McMurray [Read more]
Nisga’a Nation and natural gas firms unite for the Ksi Lisims LNG project
First Announced in July, the Ksi Lisims LNG Project in BC is a 12 million tonne per year project planned for the northern tip of Pearse Island by the Nass River, north of Prince Rupert BC. The project is a collaboration between the Nisga’a Nation, Rockies LNG, and Western LNG LLC. In the latest development, the Impact Assessment Agency of Canada is inviting the public to review the summary of the initial project description and provide feedback related to the proposed project until September [Read more]
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