WINNIPEG - Manitoba Premier Brian Pallister says he is open to discussing a possible oil pipeline to the Port of Churchill as a way of getting western energy to ocean tankers. The idea has been revived recently by Saskatchewan Premier Scott Moe, among others, and comes seven years after Manitoba's former NDP government rejected shipping oil by rail to the subarctic town on Hudson Bay. "The previous NDP government dismissed the very idea of shipping oil products out of Churchill out of [Read more]
Headlines
Heavy discount stays flat as trading cycle ends
Canadian heavy crude's discount versus U.S. benchmark West Texas Intermediate (WTI) crude was trading unchanged on Thursday, the final day of the month's trading cycle. Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta, was trading at $16.80 per barrel below WTI, according to NE2 Canada Inc, matching Wednesday's settle. Protests have continued across Canada related to opposition to the Coastal GasLink pipeline, blocking rail lines. It is surprising [Read more]
Pipeline protesters stop blockade of rail line west of Winnipeg
WINNIPEG - An anti-pipeline blockade of a major rail line west of Winnipeg has come down. Protesters have dismantled barriers they set up one day earlier on an east-west Canadian National rail line, but the Manitoba Energy Justice Coalition says more action is coming. The blockade was one of many protests across the country against construction of a Coastal GasLink natural gas pipeline in northern British Columbia that would cross the traditional territory of the o: First [Read more]
Rail services continue to feel brunt of anti-pipeline protests across country
Via Rail has extended train cancellations on major routes in Ontario and Quebec as protests against a pipeline in northern B.C. stretched into a sixth-day on Wednesday. Passenger and freight rail services have been hit particularly hard by the protests as demonstrators erect barricades on lines in different parts of the country. Via Rail is cancelling service on its Montreal-Toronto and Ottawa-Toronto routes until at least the end of the day on Friday because of a blockade near Belleville, [Read more]
FOR SALE: Five Turnkey Injection/Disposal Pump Packages
Below are five COMPETETIVELY PRICES and RAPIDLY DEPLOYABLE pump package options curated by Crusader Joint Ventures. All are READY TO SHIP in as little as one week! Ranging from 30HP to 200HP (see performance charts) and stored in Central Alberta for easy inspection (explore the 360º virtual tours). Purchase and rent-to-own options available. #1 – 200HP Sour Water Injection Pump Package A first-class pump package, that ran for [Read more]
XI Technologies: February webinars to offer insights into environment liability management.
XI Technologies is hosting two free webinars in January to address common questions when it comes to asset retirement obligations. These webinars will be 45 minutes each and will demonstrate how ARO Manager helps users with a built-in, industry-recognized cost model and the differences between using ARO vs using LLR numbers in your environmental liability management. Webinar : Creating a Standardized ARO Cost Model Time: 10:00am – 10:45am MST Date: Thursday, February 20, 2020 Click [Read more]
Column: Business tax cut is the right way to get Albertans back to work
Good things happen when politicians let entrepreneurs keep more of their money to reinvest in growing their business and increasing job opportunities. Albertans are starting to see positive signs from Premier Jason Kenney’s smart decision to lower business taxes. The Canadian Association of Petroleum Producers recently announced that it expects investment in the oil and natural gas industry to increase by about $2 billion this year. This is expected to create or sustain more than 8,000 jobs [Read more]
TC Energy reports record 2019 financial results
Increases common share dividend by 8 per cent CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for fourth quarter 2019 of $1.1 billion or $1.18 per share compared to net income of $1.1 billion or $1.19 per share for the same period in 2018. For the year ended December 31, 2019, net income attributable to common shares was $4.0 billion or $4.28 per share compared to net income of $3.5 billion or $3.92 [Read more]
TC Energy announces $1.3 billion of system expansions to connect Western Canadian Sedimentary Basin supply to incremental market demand
CALGARY, Alberta, Feb. 13, 2020 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it has approved two new expansion projects totaling $1.3 billion on its wholly-owned natural gas pipeline systems. The $0.9 billion 2023 NGTL Intra-Basin System Expansion will deliver natural gas from the Western Canadian Sedimentary Basin (WCSB) to markets within Alberta on the NOVA Gas Transmission Ltd. (NGTL) System, while the US$0.3 billion Alberta XPress [Read more]
Pine Cliff Energy Ltd. Announces 2019 Year-End Reserves and 2020 Guidance
Calgary, Alberta--(Newsfile Corp. - February 12, 2020) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff", or the "Company") is pleased to announce 2019 year-end reserves and 2020 guidance. Reserve Report Highlights Pine Cliff's independent reserve report was prepared by McDaniel & Associates Limited ("McDaniel") in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") with the effective date of December 31, 2019. Pine Cliff [Read more]