Canada has the power to delay a decision on whether to approve a new Teck Resources Ltd oil sands project, a key cabinet minister said on Tuesday, a sign Ottawa could push back what will be a contentious decision. Ottawa must decide by end-February if Teck can build the C$20.6 billion ($15.7 billion) Frontier mine in northern Alberta, capable of eventually producing 260,000 barrels of crude oil per day. If the minority Liberal government of Prime Minister Justin Trudeau says yes, it would [Read more]
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Hearings begin to determine detailed route of the Trans Mountain Expansion Project
First hearings to be held since regulatory processes resumed in July 2019 CALGARY, Jan. 28, 2020 /CNW/ - Beginning today, the Commission of the Canada Energy Regulator (Commission) will hold detailed route hearings for landowners along the path of the Trans Mountain Expansion Project. These hearings are the first since regulatory processes on the project resumed in July of 2019. Detailed route hearings are required where an objection to the detailed route exists, and allow the Commission [Read more]
Receivership Sale: Houston Oil & Gas Ltd
On October 29, 2019, Hardie & Kelly Inc. was appointed receiver and manager (the “Receiver”) of Houston Oil & Gas Ltd. (“Houston” or the “Company”). The Receiver has engaged Sayer Energy Advisors to assist with the sale of all of the Company’s remaining oil and natural gas properties which are located in southern and central Alberta (the “Properties”). The Receiver was appointed by the Court pursuant to the application made by the Orphan Well Association and intends to divest the [Read more]
Oil ends 6 day fall as China virus raises global growth, demand concerns
Oil futures recovered after a 6 day fall on Tuesday as the spread of a new virus in China and several countries raised concerns about a hit to economic growth and oil demand. U.S. West Texas Intermediate was up 27 cents, or 0.5%, at $53.09, after slipping to its lowest since early October in the previous session at $52.13. Brent crude was up 4 cents, or 0.07%, to $58.98 at around 0348 GMT, after touching a three-month low on Monday at $58.50, as the virus outbreak triggered a global [Read more]
Alberta premier wants Ottawa to approve Teck mine for benefit of First Nations
CALGARY - Alberta's premier says Prime Minister Justin Trudeau needs to move swiftly to approve the Teck Frontier oilsands mine north of Fort McMurray. Jason Kenney says there is no reason to delay the go-ahead of the $20.6-billion project near Wood Buffalo National Park in northeastern Alberta. A federal-provincial review last summer determined Frontier would be in the public interest, even though it would be likely to harm the environment and Indigenous people. Kenney says the [Read more]
Former MP Nathan Cullen appointed B.C. liaison in pipeline dispute
VICTORIA - The British Columbia government has appointed former New Democrat MP Nathan Cullen as a provincial liaison with Wet'suwet'en hereditary chiefs in an LNG pipeline dispute. Cullen represented Skeena-Bulkley Valley, a sprawling part of northern British Columbia that includes the Wet'suwet'en traditional territory, until last year when he decided not to seek re-election. The premier's office says Cullen will work with Wet'suwet'en leaders, the RCMP, Coastal GasLink, the provincial [Read more]
Oil drops below $54 as China virus drives demand concern
Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China's coronavirus rose and more businesses were forced to shut down, stoking expectations of slowing oil demand. U.S. crude was down by 94 cents, or 1.75%, at $53.28. Brent crude fell by $1.14 a barrel, or 1.88%, to $59.50. Global stock exchanges also fell as investors grew increasingly anxious about the widening crisis. Demand spiked for safe-haven assets, [Read more]
Politics & PR: January 29th panel discussion to examine the PR moves, issues and implications of the 2019 federal election campaign and beyond
Calgary, AB, January 27, 2019 – CPRS Calgary, the local chapter of the Canadian Public Relations Society, will host a thought-provoking event that will be of interest to PR and communications professionals as well as Calgary business leaders who would like to understand more about the internal workings of politics, PR, and the democratic process. The event takes place from 5:00 to 8:00 p.m. MST, on Wednesday, January 29, 2020, and is open to all CPRS members and non-members. Appetizers and free [Read more]
TBar1 Transport Ltd. expands pipeyard and equipment hauling to Elk Point, AB
Some good news for the Patch Earlier this month, TBar1 Transport Ltd. expanded it’s pipeyard and equipment hauling to Elk Point, AB. In TBar1’s continued commitment to our customers and industry we chose to step into growth in efforts to keep producer costs down and better serve its clients. The expansion includes an 8 Ton picker, 25 Ton picker, trailers, pipe yard, and provides an improved regional presence that better serves producers north of the river including Bonnyville, Elk Point, [Read more]
Canada weekly rig count remains at 244 from last week
Canada’s fleet of active drilling rigs remained at 244 since last week according to data from Baker Hughes. Total drilling count was 244 at January 24. 154 rigs were drilling for oil; 90 for natural gas. The drilling activity in Alberta rose from 170 to 171 since last week. Saskatchewan’s drilling shrank from 52 to 51 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]