EDMONTON - Alberta is changing how it calculates the payments oilsands mines make to ensure there's enough money to clean up the mess they leave behind. The province says the decision is in reaction to low oil prices last year, which briefly reached negative values. Lisa Fairweather of Alberta Environment says keeping the old program would have cost the industry billions of extra dollars, even though the environmental risk of the mines hasn't changed. She says today's move is temporary [Read more]
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Woodfibre LNG signs second BP deal for British Columbia LNG plant
Canadian liquefied natural gas developer Woodfibre LNG said Thursday it signed a second agreement to sell LNG from its proposed export plant in British Columbia to a unit of oil major BP PLC. That puts the plant a step closer to getting built in a market that has seen some cancellations in recent months but not many new projects. Woodfibre said it will sell 0.75 million tonnes per annum (MTPA) of LNG to BP's BP Gas Marketing Ltd over 15 years on a free on board (FOB) basis. This latest [Read more]
Canada Energy Regulator issues monetary penalty to Trans-Northern Pipelines Inc.
CALGARY, Alberta - Today the Canada Energy Regulator (CER) released full details of its $40,000 Administrative Monetary Penalty to Trans-Northern Pipelines Inc. (TNPI), the maximum amount based on the facts of this case. The company had received multiple notices of non-compliances and enforcement actions related to contaminated sites, and issuing this fine was the next step in our effort to bring the company into compliance. This is the second financial penalty issued to TNPI in less than 10 [Read more]
Dan McTeague discusses net zero implications in House of Commons Committee
Net Zero-who will profit and who's going to end up with net zero in their pockets Dan McTeague knows Canadian industry, the need for affordable energy, and the role of taxation in building sound economic policy. He is the president of Canadians for affordable energy, a businessman, and former liberal federal MP with an 18-year career in parliament where among many roles he served as the vice-chair of the Standing Committee on Industry for 12 years. He spoke with the BOE report about his [Read more]
Line 3 and Line 5 pipelines in U.S. ‘absolutely critical,’ says Enbridge CEO
CALGARY - The CEO of Enbridge Inc. says the company's Line 3 and Line 5 pipelines in the United States are "absolutely critical" as each faces ongoing hurdles thrown up by environmental, political, and other opponents. During the Calgary-based energy infrastructure company's annual general meeting on Wednesday, Al Monaco said Enbridge must continue to fight for those pipelines for its benefit as well as the benefit of the shippers who move products on them and the consumers who need those [Read more]
Greg Vogelsang joins Edge as Senior VP – Environmental Services and will run newly formed Edge Engineering and Geoscience Ltd
Edge Liability Risk Management is happy to announce the appointment of Greg Vogelsang, P.Eng., P.Geo., FEC, FGC, as Senior Vice President - Environmental Services effective May 1, 2021. Mr. Vogelsang is a registered Professional Geoscientist and Professional Engineer with 30 years of professional experience related to environmental management and geoscience. He has extensive experience with the government of Saskatchewan – Ministry of Environment as a Senior Manager and has practised for over [Read more]
Kelt reports financial and operating results for the three months ended March 31, 2021
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2021. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2021 2020 % Petroleum and natural gas sales 59,835 70,918 -16 Cash provided by [Read more]
InPlay Oil Corp. announces first quarter 2021 financial and operating results
CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2021. InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2021 will be available at “www.sedar.com” and our website at “www.inplayoil.com”. First Quarter 2021 Financial & Operating [Read more]
Hemisphere Energy provides an operations update on its Atlee Buffalo polymer project
Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its Upper Mannville G pool polymer project in the Atlee Buffalo area of southeast Alberta. Hemisphere has made significant progress on the construction work at its G pool facility that will allow the Company to convert its currently active waterflood into a polymer flood. Hemisphere is awaiting the delivery of its specialized polymer skid, [Read more]
Canadian Natural Resources Limited announces 2021 first quarter results
Calgary, Alberta - Commenting on the Company's first quarter 2021 results, Tim McKay, President of Canadian Natural stated "The COVID-19 pandemic continues to challenge our everyday living and the way we operate our businesses. With our strong measures in place we have minimized impacts on our operations, but it remains a daily challenge for our field staff to do it safe and do it right. As the global vaccine distribution increases and crude oil demand recovers, especially in the United States, [Read more]