I know, I know. Conversations are supposed to be positive and constructive. Bad Terry. The goal is, and should be, to expand the energy dialogue to be more inclusive, to bring together the disparate viewpoints so that we can start pulling together towards a greener future, at an appropriate pace. But that isn’t always possible when myths or outrageous accusations are held out as truths, and become part of the mainstream narrative through unopposed force. Constructive dialogue does not mean [Read more]
Headlines
Court rejects B.C.’s request to declare Alberta oil export law unconstitutional
CALGARY - A judge has dismissed the British Columbia government's request to declare an Alberta law that could restrict the flow of refined oil products to B.C. as unconstitutional. The attorney general of B.C. alleged in a statement of claim that the Preserving Canada's Economic Prosperity Act was meant to counteract steps taken by B.C. in its opposition to the Trans Mountain pipeline project. B.C. had asked Alberta's Court of Queen's Bench to declare the law unconstitutional, but Justice [Read more]
With politics at play, CAODC remains hopeful but not optimistic Trans Mountain Expansion Project (TMX) will proceed.
Today, the National Energy Board announced that the Trans Mountain Expansion Project is in the national interest and should be approved for construction. While the announcement is positive, CAODC is not optimistic it is meaningful, due to the project’s history of delays and the politicized nature of the federal approval process. “What we heard today—that the TMX should be built and is in Canada’s national interest—is exactly what we heard when the federal government purchased the project in [Read more]
Canada Weekly Rig Count Down 12 to 212
Western Canada’s fleet of drilling rigs decreased by 12 rigs to a total of 224 according to data collected by Baker Hughes for the week of February 22nd. From last Friday, Alberta rig counts went from 153 to 144. Saskatchewan's rig count remained at 53. Oil drilling went from 152 to 144; natural gas rigs went from 72 to 68. View a full breakdown of western Canada’s rig activity. [Read more]
A look at 16 new recommendations for Ottawa on the Trans Mountain pipeline
The National Energy Board has endorsed an expansion of the Trans Mountain pipeline. If approved by Ottawa, the regulator says it will impose 156 conditions on the project. It has also made 16 new recommendations for the federal government. 1. Develop a plan to assess the effects on the Salish Sea and a long-term strategy to manage those effects. 2. Release a public, annual report on the Salish Sea and any gaps in measures to address effects. 3. Develop a marine bird monitoring and [Read more]
U.S. oil drillers cut rigs for first week in three
U.S. energy firms this week cut the number of oil rigs operating for the first time in three weeks week after U.S. crude production hit an all-time high, boosting exports to a record high and stockpiles to their highest in over a year. Drillers cut four oil rigs in the week to Feb. 22, bringing the total count down to 853, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. For the month, the rig count fell by nine. That was the first time [Read more]
NEB recommends expanding Trans Mountain Pipeline
Canada's National Energy Board (NEB) regulator recommended on Friday that Ottawa approve expansion of the government-owned Trans Mountain oil pipeline, but made new, nonbinding recommendations to mitigate harm to Pacific Ocean killer whales and the environment.The pipeline is in the national interest as it will create jobs and give Canadian oil access to more markets, the NEB said in a report. But expanding it is likely to significantly harm the killer whale population off the coast of [Read more]
NEB releases Reconsideration report for Trans Mountain Expansion Project
CALGARY, Feb. 22, 2019 /CNW/ - The National Energy Board (NEB) today delivered its Reconsideration report to the Government of Canada, with an overall recommendation that the Trans Mountain Expansion Project (Project) is in the Canadian public interest and should be approved. The NEB will impose 156 conditions on the Project if it is approved, and has made 16 new recommendations to the Government of Canada. The recommendations relate to matters that fall outside of the NEB's regulatory [Read more]
Senator refuses to apologize for remark urging convoy ‘roll over’ Liberals
OTTAWA - Conservative Sen. David Tkachuk says he won't apologize for comments he made at a pro-pipeline rally in Ottawa, calling criticism that he was inciting violence "manufactured outrage." Tkachuk spoke Tuesday to the United We Roll convoy, which left Red Deer, Alta. on Feb. 14 and expressed a wide variety of demands, some related to the oil and gas sector. The convoy participants opposed bills that will overhaul environmental assessments of energy projects and ban oil tankers from [Read more]
Razor Energy Corp. Announces 2018 Year-End Reserves and Net Asset Value
CALGARY, Alberta, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to provide a summary of its 2018 year-end reserves evaluation. The highlights and reserves summary below set forth Razor’s gross reserves as at December 31, 2018, as evaluated by Sproule Associates Limited (“Sproule”) in an independent report dated February 19, 2019 (the “Sproule Report”). The figures in the following tables have been prepared in accordance with the standards [Read more]