CALGARY - Finance Minister Bill Morneau says the federal government is launching a new set of consultations with Indigenous groups that will determine if and how they might take part in ownership of the Trans Mountain pipeline and its expansion project. Speaking in Calgary, the minister says up to 129 communities will be consulted over the next weeks and months to ensure they have a chance for "meaningful economic participation" in the pipeline. He says the groups will be asked their level [Read more]
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Oil prices edge down as traders assess China's oil demand, await OPEC+ cuts
Oil prices edged down on Monday but held recent ranges as traders assessed China's oil demand following the coronavirus outbreak and awaited a decision by major producers to cut output further to balance markets. Oil is off more than 20% from peaks struck in January after a spreading virus hit demand in the world's largest oil importer and fuelled concerns of excess supplies. U.S. West Texas Intermediate fell 58 cents to $49.82 a barrel after striking a low of $49.56. Brent crude [Read more]
Vortex Production Services Is Altronic’s New Canadian Distributor
Vortex Production Services Ltd. is excited to announce that it has signed a Canadian Distributorship Agreement with Altronic LLC effective February 3, 2020. Altronic has long been regarded as a world leading manufacturer of ignition and control systems for industrial engines. These products represent the industry standard for quality and are designed to improve engine performance and enhance reliability. Many components also improve operating efficiency, helping to reduce emissions, which [Read more]
OSY Rentals Seeking Surplus Flare Stacks
Western Canada based OSY Rentals is seeking surplus production equipment to purchase. The company is currently seeking new or used: Flare stacks Vapour tight tanks Knockouts Separators Please contact dallas@osyrentals.com or greg@osyrentals.com OSY Rentals is an oilfield rental and sales company specializing in Vapour Tight Tank Packages, flares, knockouts and separators. Currently expanding our operations, we’re focused on providing the western Canadian oil and gas [Read more]
Crew Energy Announces Year End 2019 Reserves Highlighted by Strong Capital Efficiencies and Provides Operational Update
CALGARY - Crew Energy Inc. (TSX: CR) of Calgary, Alberta ("Crew" or the "Company") is pleased to provide highlights from our independent corporate reserves evaluation prepared by Sproule Associates Ltd. ("Sproule") with an effective date of December 31, 2019 (the "Sproule Report"). 2019 RESERVES HIGHLIGHTS Highlights of our proved developed producing ("PDP"), total proved ("1P") and total proved plus probable ("2P") reserves from the Sproule Report are provided below. All finding, [Read more]
Anti-pipeline protesters blocking Vancouver ports vow to ignore injunction
The stage has been set for a possible confrontation between police and anti-pipeline protesters blocking access to four ports in the Vancouver area. On Sunday the protesters were served with a court injunction ordering them to stop blocking access to four ports in the Vancouver area, but the protesters say they intend to stand their ground. The court injunction, sought by the Vancouver Fraser Port Authority, orders protesters to leave the authority's lands and stop blockading access points [Read more]
Alberta justice minister expects union to obey injunction against blockade
CARSELAND, Alta. - Alberta's justice minister said Saturday that he expects protesters who have barricaded a fuel distribution terminal southeast of Calgary as part of a labour dispute in Saskatchewan to obey new enforcement provisions that were added to a court injunction against the demonstration. Doug Schweitzer had already said he expected RCMP to enforce a ruling from the Court of Queen's Bench, which granted Federated Co-operatives Ltd.'s request for an injunction Thursday against a [Read more]
Kenney criticizes Democratic hopefuls aiming to block Keystone XL pipeline
Alberta's Jason Kenney is the latest Canadian premier to take aim at U.S. Democrats, calling out presidential hopefuls who want to block the Keystone XL pipeline expansion. Kenney, speaking at a news conference at the Canadian Embassy in Washington alongside four of his provincial counterparts, wondered aloud — without being asked — why a party that claims to be best friends with Canada would want to undermine one of its most important industries. Massachusetts Sen. Elizabeth Warren and [Read more]
Liberals face heat as cost of Trans Mountain expansion hits $12.6 billion
OTTAWA — Expanding the Trans Mountain pipeline will now cost at least $12.6 billion — up from a three-year-old estimate of $7.4 billion on a project Finance Minister Bill Morneau insisted the Liberal government intends to sell back to the private sector and recoup taxpayers’ investment. Speaking to reporters in Ottawa, Morneau said the cost was “in the range of the considerations” the government looked at when it purchased the project two summers ago to ensure it would be built. “The [Read more]
RCMP say several vehicles damaged at pipeline protest site in B.C.
SMITHERS, B.C. - RCMP say several of their vehicles have been damaged by metal spikes at a protest site where people are opposing a natural gas pipeline in the territory of the Wet'suwet'en nation. Mounties say the vehicles were damaged when they entered a court-ordered exclusion zone for protesters on Friday night. Police have been trying to clear protesters from the exclusion zone after an injunction was ordered by the B.C. Supreme Court. Four people were arrested by [Read more]