CALGARY, May 23, 2018 /CNW/ - The National Energy Board (NEB or Board) announced today that it has approved NOVA Gas Transmission Ltd. (NGTL)'s request to modify its Certificate for the North Montney Mainline Project, and for certain associated Project modifications. However, given the changes, the Board found that NGTL's proposal to maintain the current tolling methodology was not appropriate for the long term. The Board directed provisional measures until a new methodology is developed and [Read more]
Headlines
Oilsands tailings pond approval terms shortened for former Shell facilities
CALGARY - The Alberta Energy Regulator says it has approved tailings pond management plans for two former Shell Canada oilsands mines in northern Alberta but has identified "deficiencies" in the plans that must be addressed over the next three or four years. The regulator says the plans associated with the mines are inadequate in dealing with existing fluid tailings ponds, their proposed reclamation plans are uncertain over the medium and long term and there are concerns about the proposed [Read more]
Alberta refuses to endorse official statement from western premiers meeting
Alberta has refused to endorse the official statement stemming from the western premiers meeting in Yellowknife because it didn’t include support for the Trans Mountain pipeline. The final communique deals with issues such as pharmacare and legalization of marijuana. Alberta deputy premier Sarah Hoffman said without the wealth that would flow from the expansion of the pipeline, all discussions on such issues are moot. “All of this costs money and we have one way to ensure we have that money [Read more]
Singh says No to Trans Mountain, maybe to running in B.C. byelection
OTTAWA - NDP Leader Jagmeet Singh says he now opposes expanding the Trans Mountain pipeline — but he insists it has nothing to do with the fact a House of Commons seat is opening up in a riding where supporting the pipeline could hurt his chances. With two NDP premiers at odds over the project, Singh has tried to remain neutral, assailing Ottawa's review process and the federal government's reasoning in approving the expansion. Today, however, Singh says Finance Minister Bill Morneau's [Read more]
U.S. crude, gasoline inventories rise unexpectedly: EIA
NEW YORK (Reuters) - U.S. crude oil stockpiles climbed unexpectedly last week as net imports jumped, while gasoline stocks also posted a surprise build, the Energy Information Administration said on Wednesday. Crude inventories rose 5.8 million barrels in the week to May 18, compared with analysts’ expectations for a decrease of 1.6 million barrels. Inventories rose in part due to a sharp 1.4 million-barrels-per-day hike in net crude imports. Exports fell 818,000 bpd last week to 1.7 [Read more]
Duvernay Land Divestiture: Gear Energy Ltd. – Chigwell, Alberta
Sayer Energy Advisors has been engaged to assist Gear Energy Ltd. (“Gear” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Chigwell area of Alberta (the “Property”). The Property consists of Gear’s 100% working interest in 10.375 contiguous sections of Duvernay rights only. The Property is situated within the oil window of the East Shale Basin. Gear’s lands in the Chigwell area are offset to the southwest by recent Duvernay drilling activity in the Joffre [Read more]
PetroShale Announces Financial and Operating Results for First Quarter 2018
CALGARY, Alberta, May 23, 2018 (GLOBE NEWSWIRE) -- PetroShale Inc. ("PetroShale" or the "Company") (TSXV:PSH) (OTCQX:PSHIF) is pleased to announce its financial and operating results for the three month period ended March 31, 2018. The Company’s unaudited consolidated financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period will be available on SEDAR at www.sedar.com, on the OTCQX website at www.otcqx.com, and on PetroShale’s website at [Read more]
Notley to skip western premiers meeting today, but slams leader who’s there
EDMONTON - Alberta Premier Rachel Notley won't be at today's meeting of the western premiers in Yellowknife, but she made some choice remarks about one of the leaders who will be there. Notley told reporters yesterday that B.C. Premier John Horgan is trying to shut down the Trans Mountain pipeline and take $15 billion out of the Canadian economy. Notley says she is not attending the conference because her time is better spent making sure the pipeline project goes ahead, and that the [Read more]
No suitors emerge for pipeline project stake as Kinder Morgan deadline looms
CALGARY - With just over a week remaining until the May 31 deadline set for abandoning its Trans Mountain pipeline expansion, no suitors have publicly emerged to step into builder Kinder Morgan Canada Ltd.'s shoes. Analysts and observers say they remain perplexed by Finance Minister Bill Morneau's comment last week that "plenty of investors would be interested in taking on this project," after the federal government said it would offer an "indemnity" or insurance to guarantee it is [Read more]
Morneau pressed to reveal true cost for families from federal carbon tax
OTTAWA - Conservative MP Pierre Poilievre repeatedly tried to squeeze answers out of Finance Minister Bill Morneau during a marathon Commons session Tuesday night that featured a barrage of questions on the potential costs of the federal carbon tax for Canadian families. Poilievre was the first political rival to get a crack at Morneau during what was expected to last as long as four hours. Opponents have been keen to crack the minister's message-track veneer, which includes exposing what [Read more]