CALGARY, ALBERTA--(Marketwired - July 20, 2015) - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced it has safely delivered the one billionth barrel of Canadian and U.S. crude oil on the Keystone Pipeline System, contributing to U.S. energy security and generating, to date, close to US$200 million in property taxes for schools, roads, hospitals and more than 14,000 construction jobs for the 11 states and provinces it crosses. The Keystone Pipeline System is one of the [Read more]
News
Liquefied natural gas project in Cape Breton gets export approval from U.S.
HALIFAX - A proposed liquefied natural gas facility in Cape Breton has received export approval from the U.S. Department of Energy.Bear Head LNG Corp. says the approval would authorize it to bring up to 440 billion cubic feet per year of U.S. natural gas to Canada and to export up to eight million tonnes of liquefied natural gas per year to free trade countries.The company says it is now waiting for the same authorization from Canada's National Energy Board.Environmental approval was granted by [Read more]
Zargon Oil & Gas Ltd. Announces Appointment of Director
CALGARY, ALBERTA--(Marketwired - July 20, 2015) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") is pleased to announce that Ron Wigham has been appointed to the Zargon Board of Directors effective July 20, 2015 and will also serve as a member of the Company's Governance and Compensation Committee. Mr. Wigham is currently President of Wigham Resources Limited and a director of Spur Resources Ltd., both private oil and gas companies. He retired in 2014 as Vice-Chairman of Peters [Read more]
Area aboriginals want long term clean-up of Nexen spill
FORT MCMURRAY, Alta. - The clean up of a massive pipeline spill in northern Alberta must be conducted with the long-term future of the land in mind, say area First Nations."Our biggest concern is the land," said Byron Bates, a band councillor of the Fort McMurray First Nation, which sits about 10 kilometres from the five-million-litre bitumen spill.Bates said the area around the spill isn't used as much for hunting, trapping and other traditional purposes as it was before industry built up on [Read more]
B.C. to pass 25-year LNG law, industry asks for better tax treatment
VICTORIA - A liquefied natural gas industry: the British Columbia government fought an election on it, launched an extraordinary summer legislative session and made financial concessions, but it still isn't enough for the companies that want even lower taxes and have expressed concerns over the availability of workers.The Liberal government's LNG dream is expected to move towards reality this week when a bill is adopted for a 25-year agreement on what could be B.C.'s first LNG plant.B.C.'s [Read more]
Nexen pipeline spill in northern Alberta under clean-up order from regulator
EDMONTON - The clean-up of a pipeline spill south of Fort McMurray is underway, but the cause of the contamination has yet to be confirmed.Vacuum trucks were on site Saturday and fencing went up to keep wildlife away near Nexen Energy's Long Lake oilsands facility, said Kim Blanchette, a spokesperson for the Alberta Energy Regulator.However Blanchette could not say what caused the breach in the double-walled pipe that spilled five million litres of oil emulsion into the area around the [Read more]
Against the Wall: Notley spat with Saskatchewan premier exposes friction on oil
EDMONTON - Brad Wall says the time for soft-selling the oil and gas industry in the rest of the country is over.The Saskatchewan premier took rookie Premier Rachel Notley to task this week for suggesting Quebec would approve of the Energy East oil pipeline if Alberta could show it has its environmental house in order.Wall suggested that was akin to giving Quebec a veto over an important national energy project. He then took shots at Central and Eastern Canada for soaking up transfer payments [Read more]
Tale of the tape: A look at the energy industries of Saskatchewan and Alberta
Alberta and Saskatchewan have often stood side by side on the topic of energy. But lately the two petro-powered provinces have found themselves increasingly drifting apart on a number of issues including royalties and pipelines. Here is a look at the oil and gas industries of both provinces:Alberta:— 77.4 per cent of Canada's oil production.— 5,478 oil and gas wells completed last year. Completed wells are those ready for production.— Alberta had conventional production of 590,000 barrels of [Read more]
New Star Energy Ltd. Announces Completion of Acquisition By Sinoenergy Pacific Corp.
CALGARY, ALBERTA--(Marketwired - July 17, 2015) - New Star Energy Ltd. ("New Star" or the "Company") and Sinoenergy Pacific Corp. ("Sinoenergy") are pleased to announce the completion of the previously announced arrangement (the "Arrangement") involving New Star, Sinoenergy and the shareholders of New Star, pursuant to which Sinoenergy acquired, through a wholly-owned subsidiary, all of the issued and outstanding common shares of New Star at a price of $1.25 per share in cash. Pursuant to the [Read more]
Nexen Energy apologizes for pipeline leak near Fort McMurray, Alta.
CALGARY - Nexen Energy apologized Friday for a major leak in an Alberta pipeline that was only installed last year and said a warning system didn't detect it.Ron Bailey, the company's senior vice-president of Canadian operations, said it is investigating what caused the pipeline to rupture and why the system failed."We are deeply concerned with this and we sincerely apologize for the impact that this has caused," Bailey told a news conference."We will take every step that we see as reasonable [Read more]