The Transportation Safety Board says its investigators have not found any mechanical defects on a train that derailed and spilled oil in rural Saskatchewan. The Canadian Pacific Railway freight train jumped the tracks on Feb. 6 near Guernsey, about 115 kilometres southeast of Saskatoon. The accident sent flames and thick black smoke into the air and spilled 7500 barrels of crude oil. There were no reported injuries, but 85 residents were evacuated from the area for more than 24 [Read more]
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U.S. drillers add oil rigs for second week in a row
U.S. energy firms added oil rigs for a second week in a row as crude prices, which have dropped about 15% this year, were set to rise this week as investor concerns began to ease over the long-term economic impact of the coronavirus. Companies added two oil rigs in the week to Feb. 14, bringing the total count to 678, energy services firm Baker Hughes Co said in its closely followed report on Friday. In the same week a year ago, there were 857 active rigs. "Rig activity is biased to the [Read more]
Shutdown of Canadian National Railway lines leads to propane shortages
HALIFAX - Businesses and homes across the Maritimes are days away from running out of propane as a result of anti-pipeline protests that have severed rail links across Canada. Ian Wilson, president of Halifax-based Wilson Fuel, says his company is already rationing propane by partially filling customers' tanks. Wilson says his company is trying to ship some product into the region by truck, but that won't meet the demand. He says the shortage is not just an inconvenience, it's a health [Read more]
Oil prices rise and set for weekly gain on supply cut optimism
Oil prices were steady on Friday and are set for their first weekly gain in six weeks on the assumption major producers will implement deeper output cuts to offset slowing demand in China, the world's second-largest crude user. U.S. West Texas Intermediate (WTI) futures were up 69 cents to $52.17 a barrel. Brent crude futures gained 86 cents to $57.26 a barrel by 0234 GMT, after gaining 1% the previous session. Crude prices have plunged about 20% from their 2020-peaks on Jan. 8 as [Read more]
Pipeline protests expected today, governments to meet with First Nations
VICTORIA - Anti-pipeline protests that have severed vital freight and passenger rail links across Canada could heat up today, with the added threat of activists planning to shut down government offices in British Columbia's capital. Protests continue as political leaders look to negotiate solutions, while business leaders, opposition politicians and ordinary people call for immediate action to end the disruptions, which have already seen more than 80 arrests. Prime Minister Justin Trudeau [Read more]
Enbridge Appoints New Director to its Board
CALGARY, Feb. 14, 2020 /CNW/ - Enbridge Inc. (TSX:ENB) (NYSE:ENB) is pleased to announce that its Board of Directors has appointed Gregory J. Goff as a director of Enbridge. Mr. Goff has more than 30 years of energy industry experience, most recently as Executive Vice Chairman of Marathon Petroleum Corporation. Prior thereto, he was President and Chief Executive Officer of Andeavor until October 2018. Mr. Goff is currently a director of PolyOne Corporation. "On behalf of the Board of [Read more]
Enbridge Inc. Reports Strong Fourth Quarter & Full Year 2019 Results
CALGARY - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported fourth quarter and full year 2019 financial results and provided a quarterly business update. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Full year GAAP earnings of $5,322 million or $2.64 per common share compared with $2,515 million or $1.46 per common share for 2018 Adjusted earnings of $5,341 million or $2.65 per common share in 2019 compared [Read more]
Made in Alberta: A Low-Cost Solution to the Methane Emissions Problem
Upcoming methane emissions regulations are driving major changes in wellsite designs. As of 2021 in BC and 2022 in Alberta, you may no longer vent fuel gas for pneumatics and alternatives can be expensive. New emission regulations are coming to legacy wellsites as well. By 2022 in BC, all gas pneumatic devices will be required to vent less than 6 scf/hr. In most cases where valves throttle, like chokes or pressure control valves, dynamic venting of the actuator can be an order of magnitude [Read more]
A timeline on rail disruptions by anti-pipeline protesters across Canada
RCMP began enforcing an injunction last week that prevents interference with construction of a $6.6-billion natural gas pipeline in northern British Columbia. Here is a timeline of rail disruptions by people showing solidarity with hereditary Wet'suwet'en chiefs opposing the Coastal GasLink project: Feb. 6 — Protesters in Belleville, Ont., east of Toronto, start stopping railway traffic. Feb. 7 — Via Rail halts service along one of its busiest routes because of the Belleville blockade. [Read more]
CN Rail to shut down Eastern Canadian operations due to protests
Canadian National Railway Co will shut operations in Eastern Canada as its rail lines continue to be blocked by anti-pipeline protesters, the country's biggest railroad operator said on Thursday. The protests by an indigenous community opposing the construction of a gas pipeline project in British Columbia and its supporters have disrupted passenger trains and goods transportation for the seventh straight day. The shutdown will continue until the blockades end and may lead to temporary [Read more]