CALGARY - The National Energy Board is making more information about the safety of pipelines it regulates available to the public.Starting immediately, inspection reports are going to be posted on the regulator's website.Chris Loewen, vice-president of operations at the board, says the watchdog does about 150 of those inspections a year.At one time, the NEB was a low-profile agency but it's been registering much higher on the public's radar in recent years amid controversy over new energy [Read more]
Headlines
Oil Jobs Lost: 250.000 And Counting, Texas Likely To See Massive Layoffs Soon
Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. That spells more pain for the energy sector. Many companies have already slashed spending and culled their payrolls, but the total number of job losses continues to climb. According to Graves & Co., an industry consultant, oil and gas companies have laid off more than 250,000 workers around [Read more]
Minister Carr Meets With Alberta Energy Minister, Energy and Environmental Stakeholders in Calgary
CALGARY, Nov. 25, 2015 /CNW/ - The Honourable Jim Carr, Minister of Natural Resources, today met with Alberta Energy Minister Margaret McCuaig-Boyd and energy and environmental stakeholders in Calgary to discuss economic and environmental issues affecting the oil and gas sector, including lower oil prices, infrastructure development and access to markets. He outlined the Government's commitments to grow the economy and protect the environment while investing in clean technologies to develop [Read more]
Toscana Energy Announces Acquisition of Oil Assets
CALGARY, Alberta, Nov. 25, 2015 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Corporation") (TSX:TEI) is pleased to announce that it has entered into a Purchase and Sale Agreement to acquire assets (the "Assets") that produce, on average, 300 barrels a day of long life operated light oil production in southern Alberta, for $15,000,000 in cash. This acquisition represents the fourth purchase of large resource in place oil reserves this year adding to Toscana [Read more]
Canadian Oil Sands Posts Documents Filed With the ASC
CALGARY, AB--(Marketwired - November 25, 2015) - Canadian Oil Sands Limited (TSX: COS) (OTCQX: COSWF) ("COS") today posted on its website www.rejectsuncor.ca the documents COS has filed with the Alberta Securities Commission. Ticker Symbols Toronto Stock Exchange: COS OTCQX: COSWF Canadian Oil Sands Limited COS holds a 36.74 percent interest in the Syncrude project, the largest producer of light, sweet synthetic oil from Canada's oil sands. As a pure play in Syncrude, COS provides [Read more]
LGX Oil + Gas Inc. Announces Third Quarter 2015 Results
CALGARY, Nov. 25, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2015. Selected financial and operational information is outlined below and should be read in conjunction with LGX's unaudited financial statements and the related MD&A which are available for review at www.lgxoil.com [Read more]
TransCanada’s exit from Alaska official; state’s project buyout complete
CALGARY - TransCanada Corp. has exited an Alaska liquefied natural gas project, with the state buying out the company's interest for US$64.6 million.In a special session earlier this month, the state legislature approved funding to take on a bigger stake in the project and, on Wednesday, Gov. Bill Walker announced the acquisition was now complete.A deal with the Alaska government in 2014 gave the state the right to buy out TransCanada's stake.Initial estimates for the project, which would pipe [Read more]
Alberta’s climate policy development ‘just a matter of talking’
EDMONTON - Alberta's new climate change policy is partly rooted in a series of low-profile dinner meetings that took place well before the election of Premier Rachel Notley and her fellow New Democrats.In 2014, the province's environmental reputation was creating increasing resistance to its energy products and the Progressive Conservative government of the day, led by Jim Prentice, had made it clear that something had to happen, said Chris Severson-Baker of the Pembina Institute."He actually [Read more]
Wall says Suzuki’s comments equating oil industry to slavery are ridiculous
REGINA - Saskatchewan Premier Brad Wall says remarks by environmentalist David Suzuki equating the oil industry to slavery are "ridiculous."Suzuki was responding to Wall's position that Canada needs to consider the economy when talking about reducing greenhouse gas emissions.Suzuki said in an interview Monday on SiriusXM’s "Everything is Political" with Evan Solomon that people in the southern Unites States argued in the 19th century that to eliminate slavery would destroy their economy.The [Read more]
Big corporate Christmas parties on the outs in Calgary as oil downturn continues
CALGARY - The era of the big-ticket corporate holiday bash appears to be on life support in Calgary."We produce events across North America and everywhere else we're fine, but in Calgary we're down 80 per cent," said David Howard, president of The Event Group, a party planning company in the city.In the past, Howard said, he's organized extravagant events in the city that cost upwards of a million dollars. But energy companies have since returned to reality and are spending far less — both [Read more]