Premier John Horgan says the B.C. government will consider "some relief" for those who can't afford record high gas prices. Horgan said his government will monitor prices at the pumps over the summer after they reached a record of almost $1.64 a litre Thursday in Metro Vancouver. But he also suggested provincial taxes aren't the only factor affecting prices. "We'll see how it goes through the summer and if there's an opportunity to have the province step in and help, we'll do that. But [Read more]
Headlines
B.C. premier says final pieces of massive LNG Canada project now in place
VICTORIA - The British Columbia government has secured the last steps of the fiscal framework for liquefied natural gas projects in the province. The legislative assembly passed the Income Tax Amendment Act Thursday, and Premier John Horgan says that will secure the largest private-sector investment in Canadian history. The joint venture, which includes Petronas, Shell Canada Energy and PetroChina Canada Ltd., announced last year that LNG Canada's $40-billion project on B.C.'s northern [Read more]
Chevron seeks NEB licence that could nearly double production at Kitimat LNG
CALGARY - Chevron Canada has applied to the National Energy Board to nearly double the potential size of the Kitimat LNG facility it hopes to build with Australian partner Woodside Energy. In a filing dated Monday and posted on the NEB website, the Canadian branch of California-based giant Chevron Corp. says it is applying for a 40-year licence to export up to 28.23 billion cubic metres of natural gas per year, with commissioning of the facility taking place by 2029. That's the equivalent [Read more]
Tanager Energy Changes Name to Paleo Resources
CALGARY, Alberta, April 04, 2019 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announces that the Corporation will change its name to “Paleo Resources, Inc.” effective April 10, 2019. The common shares of the Corporation will commence trading under the new name on the TSX Venture Exchange with the new trading symbol “PRE” at market open on Wednesday, April 10, 2019. There is no consolidation or change in the share capital. Common share [Read more]
Tamarack Valley Energy Ltd. Provides Update on Current NCIB and Receives TSX Approval for New NCIB
TSX: TVE - CALGARY, April 4, 2019 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to provide an update on the current normal course issuer bid (the "Current NCIB") and announces that the Toronto Stock Exchange (the "TSX") has accepted the notice of Tamarack's intention to commence a new normal course issuer bid (the "New NCIB") on April 8, 2019. The Current NCIB commenced on April 6, 2018 and will conclude on April 5, 2019. Under the Current NCIB, 3,309,900 shares [Read more]
Cenozon’s Latest Innovation: In-Line Inspections Module
Cenozon is leading the industry in asset integrity management software for oil and gas producers in Canada, striving to enhance industry performance by making work easier, faster, and less costly with PRIM: Cenozon’s pipeline integrity risk management software. Following an April 2018 roundtable with industry professionals, Cenozon discovered a reoccurring problem that has become a source of pain for operators - which is how ILI reports are processed. Data inconsistency across multiple ILI [Read more]
Alberta’s UCP would create Indigenous crown corporation, help investments
EDMONTON - United Conservative Leader Jason Kenney says an Alberta government led by him would set up a Crown corporation to help Indigenous communities invest in resource projects. "We need to do something dramatically different to end the stalemate that has left Alberta energy landlocked and has led to a jobs crisis in our province," Kenney said at the Enoch Cree Nation near Edmonton on Wednesday. In the leadup to the April 16 provincial election, Kenney has been hammering on the records [Read more]
Western Canadian oil inventories rise in March despite curtailments
Western Canadian crude oil storage inventories rose in March, data from energy information provider Genscape showed on Wednesday, as reduced crude by rail volumes offset mandatory oil production cuts imposed by the Alberta government. It was the first monthly increase since the government of Canada's largest crude-producing province introduced curtailments on Jan. 1 2019 and highlights the difficult balancing act Alberta faces as it intervenes in the market. Crude stocks rose 221,000 [Read more]
Shell urges CAPP to adjust emission policies to support carbon pricing
CALGARY - Global energy giant Royal Dutch Shell is urging Canada's largest oil and gas organization to get off the fence and support both the Paris climate accord and the pricing of carbon to encourage greenhouse gas emission reductions. In a new report, Shell says it has reviewed its relationships with 19 industry associations around the world and decided to leave one of them, the American Fuel & Petrochemical Manufacturers, because of "material misalignment." It found some [Read more]
What is the west so upset about? Well, there’s this…
Instead of raining blows upon people’s heads with yet another diatribe about how Canada’s petroleum sector is being disadvantaged, it’s time for something a little different, to explain to mystified Canadians just why feeling are running a little high out west. Yes, we see the news, we hear that Canada is warming faster than ever. Yes, we know the world is gravely concerned about climate change. We hear that, and the calls to do better. But the world continues to consume more and more petroleum [Read more]