SAINT JOHN, N.B. - A manager at the Canaport liquefied natural gas facility in Saint John says there's little it can do in the next few weeks to prevent more migrating birds from flying into a flare that's burning at the plant. Fraser Forsythe said Thursday the latest estimate is that about 7,500 migrating birds died while the company was burning off excess gas at the facility on Friday and Saturday. The plant is in the middle of making changes to equipment at the facility to reduce the [Read more]
News
Funding available to participate in the NEB’s regulatory process regarding the Nova Gas Transmission Ltd. North Montney project
CALGARY, Sept. 18, 2013 /CNW/ - The National Energy Board (NEB, or the Board) is making available $250,000under its Participant Funding Program to assist directly affected persons to participate in the regulatory process of the Nova Gas Transmission Ltd. (NGTL) North Montney project. A higher amount may be considered once applications for funding are received. The proposed project includes the construction and operation of 305 km of pipeline in northeast British Columbia, along with associated [Read more]
Oil spikes as Fed maintains stimulus program, US oil supplies drop
NEW YORK - The price of oil spiked Wednesday as the Federal Reserve unexpectedly maintained its stimulus for the American economy and the U.S. Energy Department reported a bigger than expected drop in supplies of crude oil and gasoline.Benchmark West Texas Intermediate crude for October delivery gained $2.65, or 2.5 per cent, to close at US$108.07 a barrel on the New York Mercantile Exchange. It was oil's biggest gain in three weeks and erased the losses from Monday and Tuesday.The Fed was [Read more]
Alaskans to get $900 in oil wealth checks this year
ANCHORAGE, Alaska (AP) -- While the economy continues to recover, the worst of the recession was very much felt by Alaskans on Wednesday who learned their annual check from the state's oil-wealth fund would be a small one. Nearly every Alaska resident will receive a check for $900, acting Revenue Commissioner Angela Rodell announced at a ceremony in downtown Anchorage. The amount of each person's dividend is based on a five-year rolling average of worldwide investment markets that were [Read more]
Keystone worth the costs of ongoing lobbying efforts: Oliver
CALGARY - Federal Natural Resources Minister Joe Oliver says the potential benefits of the Keystone XL pipeline far outweigh the costs of all the lobbying being done in favour of the mega-project.Conservative politicians have made several trips to Washington, D.C., over the past five years in an effort to calm fears, shore up support and offer rebuttal to critics of the project."We have in play here a very large project that will make a difference economically to Canada and will generate [Read more]
Inquiry seeks to answer oil smells in NW Alberta
PEACE RIVER, Alta. - Landowners in Alberta's Peace River region will get a chance to tell the province's energy industry regulator what they want to see in an inquiry into a tar-like smell they say is making them sick.The Alberta Energy Regulator is to hold a meeting Oct. 7 in Peace River to set the scope for the inquiry into concerns expressed by people in the Three Creeks and Reno areas.Several companies in the region have cold heavy oil production sites which heat oil in tanks to separate it [Read more]
Climate issues, from Keystone XL to coal, at centre stage in U.S. capital
WASHINGTON - U.S. President Barack Obama's sweeping climate agenda was in the spotlight on Capitol Hill on Wednesday as his two newly appointed environmental czars chided those who doubt the existence of climate change as congressional wrangling over TransCanada's Keystone XL pipeline raged on."The evidence is overwhelming, the science is clear," Energy Secretary Ernest Moniz told a hearing of the energy and commerce committee at the House of Representatives, where a slate of Republican [Read more]
CNOOC begins trading on the TSX
TORONTO - The Chinese state-controlled company that acquired Calgary-based Nexen in a landmark $15.1-billion takeover, CNOOC Ltd., began trading on Canada's largest stock market Wednesday.CNOOC's share-substitutes, known as American depository receipts, have the symbol CNU on the Toronto Stock Exchange. Each ADR is the equivalent of 100 common shares of CNOOC Ltd., which has its primary listing in Hong Kong."Canada became an important investment destination for CNOOC Limited following our [Read more]
Greenpeace says 2 activists held in Russian Arctic
MOSCOW — The environmentalist group Greenpeace says two of its activists have been arrested after climbing onto an oil platform in Russia’s Arctic waters. It claims warning shots were fired across the organization’s ship. A Greenpeace statement says the arrests were made Wednesday in the Pechora Sea, a section of the Barents Sea. The activists, who climbed a platform belonging to state gas company Gazprom, are being held on a Russian Coast Guard ship, according to Greenpeace. The statement [Read more]
Athabasca Enters into Option Agreement to Sell a Portion of its Light Oil Infrastructure
CALGARY, Sept. 18, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "AOC") has entered into an option agreement with a third party giving the right to Athabasca, at its discretion, to sell up to a 50% interest in its Kaybob area light oil infrastructure for cash consideration of up to $145 million. Under the terms of the agreement, AOC has the right on or before December 31, 2013 to sell to the counterparty a 25% to 50% working interest in AOC's light oil pipeline and other [Read more]