The amount of oil in storage in Alberta rose in February, monthly data shows, despite moves by the government of Canada's largest crude-producing province to reduce inventories by imposing curtailments on production.The reason is a sharp decline in crude by rail shipments, analysts say. A significantly narrower discount on Canadian crude compared with U.S. barrels as a result of the curtailments has made rail shipments uneconomic.Alberta had 72 million barrels of oil in storage at the end [Read more]
Headlines
Kenney sets date to launch carbon tax court fight if he wins election
EDMONTON - United Conservative Leader Jason Kenney says if he wins the Alberta election, a formal court challenge of the federal carbon tax will be launched by the end of the month. Kenney, who has already pledged to axe Alberta's carbon tax, says he would instruct his attorney general to file the challenge in Alberta's Appeal court no later than April 30. Kenney says there are constitutional questions surrounding whether Ottawa can even impose the tax, which formally began today [Read more]
Full steam ahead for more Alberta crude by rail despite looming election
The Alberta government and oil transportation companies are pressing ahead with plans to move 120,000 barrels per day of crude by rail, ignoring threats to quash the deals from the man tipped to become the province's next premier. Latest polls show United Conservative Party leader Jason Kenney is on track to oust the New Democratic Party government in the April 16 election. If successful, Kenney has vowed to rip up contracts signed as part of the NDP government's C$3.7 billion plan to ship [Read more]
Notley says Kenney rail cancellation plan forgoes jobs, leaves oil in ground
CALGRY, Alta. - Alberta NDP Leader Rachel Notley says the United Conservative Party's budget plan will leave oil in the ground, limit job creation and cost the province $2.2 billion in royalties. Notley says UCP Leader Jason Kenney needs to account for lost revenue in his budget platform, since he would cancel the government's plan to get more oil to market by leasing rail cars. Kenney has said the $3.7-billion lease deal doesn't make financial sense. Notley will get a [Read more]
Provinces vow to resist Trudeau’s landmark carbon tax
Justin Trudeau's federal government on Monday imposed a landmark carbon tax on four provinces which had defied Ottawa's push to combat climate change, prompting unhappy premiers to say they would challenge the measure. Trudeau, citing international commitments to fight global warming, had made clear for two years he would slap the tax on any of the 10 provinces that did not come up with their own plans by April 1. The measure is opposed by Ontario, the most populous province, where [Read more]
Newfoundland and Labrador to get word this evening on Atlantic Accord
ST. JOHN'S, N.L. - Newfoundland and Labrador's premier will update his province tonight on negotiations to revise the Atlantic Accord, a crucial federal-provincial agreement on offshore resource revenues. Premier Dwight Ball and federal cabinet minister Seamus O'Regan are holding a joint media event in St. John's, N.L., at 6 p.m. local time. The review was to assess the extent to which Newfoundland and Labrador has reaped majority benefit from its offshore resources. Ball [Read more]
Who will be Alberta’s next Premier? Don’t miss out on this exclusive event!
Join us for an announcement of exclusive poll results uncovering Albertans’ voting intentions, followed by a lively panel featuring some of Calgary's most prominent media personalities who will discuss the upcoming General Election and hot button energy issues. Wednesday, April 3rd. 2019 7:00 am - 9:00 am Calgary Petroleum Club Click here to get your tickets [Read more]
Pieridae Achieves Major Step Forward – Engages EPC Contractor KBR
CALGARY, Alberta, April 01, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (Pieridae) (TSXV: PEA) is pleased to announce that the respected global engineering firm of Kellogg Brown & Root Limited (KBR) has been engaged to perform a review of an amended version of the previously prepared front-end engineering and design (FEED) study for the proposed Goldboro LNG facility. KBR will also conduct an open-book estimate necessary for entering into a lump sum turnkey engineering, procurement and [Read more]
CAPP and CEPA join Canadian Gas Dialogues – April 23, Calgary, Alberta
Book your seat today! Benefit from a 10% reduction on your ticket courtesy of BOE Report, the Official Media Partner of Canadian Gas Dialogues. Please use the following promotional code on check-out: BOEReport2019 The Canadian Association of Petroleum Producers and the Canadian Energy Pipeline Association joined as Supporting Organizations ofCanadian Gas Dialogues. In an increasingly natural gas focused world, will Canada be able to take advantage of its resources in the global [Read more]
Register for the SPE/CHOA Slugging it Out Conference today!
There's still time to join the SPE/CHOA Slugging It Out Conference taking place 16 April 2019. If you're part of the heavy oil community, then this valuable, one-day conference is the place to be to learn, share, connect, and network. Highlights of the day’s events include: An Opening Keynote presentation discussing Rail's Role in Accessing the Market, featuring Keith Chiasson, Executive Vice President Downstream, Cenovus Energy Inc. Technical presentations from Acceleware, Aucerna, [Read more]