CALGARY, Alberta (Reuters) - Kinder Morgan Canada Ltd shares fell as much as 4.7 percent on Tuesday after the company said there could be more delays in the expansion of its C$7.4 billion (US$5.8 billion) Trans Mountain pipeline expansion, raising concerns about cost blowout. Kinder Morgan’s Trans Mountain expansion to Canada’s west coast has already been delayed by nine months. The company said late on Monday that the lack of clarity around municipal permit processes and related judicial [Read more]
Headlines
With low commodity prices and billions worth of outstanding environmental obligations, Alberta is between a soft rock and a hard wellsite
Between July 2014 and January 2015, the price of West Texas Intermediate, North American’s crude oil benchmark, declined from roughly $105 to $46. At the time, of course everyone in the energy industry recognized the fallout as simply bad news. Seemingly overnight, entire business plans for the global upstream oil and gas sector and the service industry supporting it turned upside down. And while the immediate effects of such a drastic fall in the price of oil were easy to see coming: layoffs, [Read more]
Noralta Technologies acquires Wellsite Automation and Control
Noralta Technologies (Calgary), announced today that it has acquired all of the assets and monitored accounts of Wellsite Automation and Control (WAC), based in Edmonton, Alberta. Noralta will move quickly to integrate WAC’s clients onto its nTerface host platform. “We see this as real positive addition to the Noralta family. WAC’s customers will be seamlessly added to our platform and immediately enjoy an increased service offering” said Cam Zarowny, President and Founder of Noralta. [Read more]
Column: Rachel Notley has no business trying to alienate the Donald
Its hardly a newsflash that Premier Rachel Notley does not think highly of President Donald Trump. Trump is a wealthy, bombastic capitalist who represents everything that the soft-socialist New Democratic Party of Alberta opposes. It would be shocking to hear that Notley admired Trump in any way as a matter of fact. All that said, it was outright reckless for Premier Notley to use President Trump negatively as a prop in order to attack Jason Kenney in a CTV interview with Evan Solomon last [Read more]
Bow River Energy Ltd. Announces Director, Land Appointment
Bow River Energy Ltd. (“Bow River” or the “Company”) is pleased to announce that Kellie D’Hondt has been appointed to its management team as Director, Land. Ms. D’Hondt is a professional landman with more than 15 year of industry experience in land negotiations, business development, mergers, acquisitions, and divestitures and leadership roles. Most recently, Ms. D’Hondt was a Co-Founder and Vice President, Land & Business Development of Toro Oil & Gas Ltd. a TSX-V listed company, [Read more]
Suncor Energy begins regulatory process to add significant low-carbon power with cogeneration at its Oil Sands operations
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2017) - Suncor today took its first steps in the regulatory process to replace coke-fired boilers with two cogeneration units at its Oil Sands Base Plant as a part of its plan to remain globally cost and carbon competitive. In addition to providing the facility with steam needed for its operations, the cogeneration units are expected to export approximately 700 megawatts (MW) of electricity to the provincial grid, equivalent to roughly seven per cent of [Read more]
Kinder Morgan Canada Limited Announces 2018 Financial Expectations
Trans Mountain Expansion Project Pursuing a "Primarily Permitting" Spend Strategy CALGARY, Dec. 4, 2017 /CNW/ - Kinder Morgan Canada Limited (TSX: KML) today announced its preliminary 2018 financial projections. "We expect 2018 to be a good year for Kinder Morgan Canada Limited businesses," said KML Chairman and CEO Steve Kean. "KML's extensive network of strategic assets includes the existing Trans Mountain Pipeline system, the only Canadian crude oil and refined products export pipeline [Read more]
Saturn Oil & Gas Inc. Closes Over-Subscribed Equity Financing and Convertible Loan Agreement Totaling C$2,020,800
SASKATOON, SASKATCHEWAN--(Marketwired - Dec. 4, 2017) - Saturn Oil & Gas Inc. ("Saturn" or the "Company") (TSX VENTURE:SMI) (FRANKFURT:SMK) is pleased to announce that it has closed its over-subscribed equity financing receiving subscriptions totaling C$520,800, subject to TSX Venture Exchange ("TSXV") approval. The Company has also entered into a convertible loan agreement (the "Loan Agreement") with Digistore24 GmbH ("Digistore"), pursuant to which Digistore will lend Saturn C$1,500,000 [Read more]
Saskatchewan’s climate-change strategy includes buying carbon offsets
REGINA - The Saskatchewan government has introduced a climate-change strategy that inches toward a price on carbon emissions, but leaves large parts of its economy untouched. And it doesn't include a carbon tax, which Environment Minister Dustin Duncan was happy to point out Monday. "I believe it will achieve as much, if not more than, a carbon tax ever would," Duncan said after introducing the plan. It calls for performance standards on facilities that emit more than [Read more]
NEB hears constitutional question on Burnaby delays to Trans Mountain project
CALGARY - Kinder Morgan Canada and Burnaby, B.C., clashed in a National Energy Board's hearing room Monday over the fate of local permitting for the controversial Trans Mountain expansion project. The company (TSX:KML) argued at the NEB's Calgary headquarters that local political opposition to the $7.4-billion pipeline project has tainted permitting in the city and the process is now delayed, requiring the NEB to step in and override local bylaws to maintain the federal government's [Read more]