Staff and contractors in Victoria have been crunching the numbers on climate change costs for the coastal city and it's not looking good, the mayor says. Lisa Helps says based on a report commissioned by the regional government in 2015, storm surges combined with a one-metre rise in sea level — which is projected by the year 2100 — could result in business disruption losses of $415,557 per day. Victoria was one of the first municipalities in British Columbia to pen a letter to [Read more]
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Pieridae and Ikkuma complete business combination
CALGARY, Dec. 20, 2018 /CNW/ - Pieridae Energy Limited (PEA-TSXV) ("Pieridae") and Ikkuma Resources Corp. (IKM-TSXV) ("Ikkuma") announce that they have completed the previously announced arrangement pursuant to which Pieridae acquired all of the issued and outstanding shares of Ikkuma by way of a plan of arrangement (the "Arrangement") under section 193 of the Business Corporations Act (Alberta). The Arrangement was approved by shareholders of Ikkuma ("Ikkuma Shareholder") at a special meeting [Read more]
ExxonMobil shelves Canada LNG export project
U.S. oil major ExxonMobil has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, effectively signalling that the project has been shelved.The so-called WCC LNG export project in Canada's British Columbia was expected to produce around 15 million tonnes per year of LNG, with plans for further expansion up to 30 million tonnes per year.Legislation in British Columbia requires large projects to obtain an [Read more]
Husky Energy Announces 2019 Budget and Production Update
Capital spending $300 million less than previously forecast Record thermal production in Q4 2018; Full rates achieved at Sunrise, Tucker and Rush Lake 2 CALGARY, Alberta, Dec. 20, 2018 (GLOBE NEWSWIRE) -- Husky Energy plans to spend approximately $3.4 billion on its capital expenditure program in 2019 as it continues to invest in a deep portfolio of higher-margin, longer-life projects. This is about $300 million less than forecast at the Company’s Investor Day in May 2018, and includes capital [Read more]
Natural Gas Innovation Fund Signs on Seven Leading Natural Gas Producers, Launches a Cleantech Funding Call, and Leads a Historic Federal, Provincial and Industry Co-Funding Collaboration
CALGARY, Dec. 20, 2018 /CNW/ - Today the Natural Gas Innovation Fund™ (NGIF) makes three major announcements: seven Canadian natural gas producers have joined the fund to advance cleantech innovation and improve environmental performance and greenhouse gas (GHG) emission reduction in Canada's natural gas energy system; a $3 million funding call is opening for cleantech solutions for the development and production of natural gas; and a Federal/Provincial Government and Industry collaboration on [Read more]
Enbridge Inc. Completes Mergers with Enbridge Energy Partners, L.P. and Enbridge Energy Management, L.L.C.
CALGARY and HOUSTON, Dec. 20, 2018 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge), on behalf of itself and certain of its wholly owned U.S. subsidiaries, Enbridge Energy Partners, L.P. (NYSE: EEP) (EEP) and Enbridge Energy Management, L.L.C. (NYSE: EEQ) (EEQ), today announced that they have completed the previously announced respective merger (the EEP Merger) of EEP with a wholly owned subsidiary of Enbridge, and the merger (the EEQ Merger) of EEQ with a wholly owned subsidiary of [Read more]
Registration now open for Global Petroleum Show 2019
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More than 1,000 trucks rally for oil and gas industry south of Edmonton
NISKU, Alta. - More than a thousand trucks drove in a convoy south of Edmonton to protest the ailing state of the oil and natural gas industry. The convoy was part of a pro-pipeline rally featuring Opposition Conservative leader Andrew Scheer in Nisku, Alta. Laurie Ryan, of Laurlee Energy Services, says more pipeline capacity is needed to get Alberta energy products to world markets. Ryan says it is important to get fair market value for the benefit of families across Canada. Scheer [Read more]
New natural gas producer members back $3-million gas clean tech program
CALGARY - An industry-sponsored fund designed to help develop clean technology using Canadian natural gas is launching a $3-million call for project proposals. The Natural Gas Innovation Fund says the call for applications, with a February deadline, is being made possible by the addition of seven western Canadian natural gas producers to a membership previously made up of six natural gas utilities. The new members include the Canadian branches of two partners in the proposed $40-billion [Read more]
Blackbird Energy Inc. Receives Strong Shareholder Support for Strategic Combination With Pipestone Oil Corp.
CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that its shareholders (the “Blackbird Shareholders”) have approved the previously announced strategic combination of Blackbird and Pipestone Oil Corp. (the “Transaction”) at a special meeting held today, by a majority of over 99% of votes cast. The Blackbird Shareholders also approved the continuance of Blackbird from British Columbia into Alberta (the [Read more]