VANCOUVER - Premier John Horgan says he plans to intensify efforts to find new markets for B.C. wine, which was already being done before Alberta's ban over the Trans Mountain pipeline. Horgan said he promoted the industry during a recent trip to China, South Korea and Japan, and he plans to discuss increasing the province's market share south of the border on a trip to Washington state next month. "We are defending industries right now," Horgan said Thursday. "We've made it [Read more]
Headlines
Kinder Morgan Canada set to fight back in pipeline battle
Kinder Morgan Canada Ltd is gearing up for a legal fight over British Columbia's plans to block increased oil shipments through the western Canadian province, as it questions the intent of the proposed rules which could further delay its Trans Mountain pipeline expansion project. In a five-page letter from Kinder Morgan Canada's President Ian Anderson to British Columbia Premier John Horgan, sent on Tuesday and seen by Reuters on Thursday, Anderson questioned the province's [Read more]
Federal government will intervene if needed on Trans Mountain: Carr
CALGARY - The federal government insisted Thursday that it will step in when necessary to ensure the Trans Mountain expansion project gets built as it announced a restructuring of the process that saw the project approved. Speaking in Calgary, Natural Resources Minister Jim Carr said the update to how major projects are assessed in Canada will restore public trust in the process, but that the government stands by its approval of Trans Mountain and won't let any provinces obstruct its [Read more]
New energy projects get two-year approval window under new assessment regime
OTTAWA - Major new energy projects will have to be assessed and either approved or denied within two years under a massive new national assessment bill being introduced in the House of Commons. Environment Minister Catherine McKenna, who introduced the 341-page Impact Assessment Act Thursday morning, said it will provide clarity and certainty about how the process works, what companies need to do, and why and how decisions are made. "Canada just upped its game today," McKenna said. She [Read more]
Suncor calls on Canada to ‘up its game’ in drive for investment
Suncor Energy Inc , one of Canada's biggest oil producers, said on Thursday that the country is losing ground to others in creating conditions to attract investment. The warning from Suncor Chief Executive Steve Williams came hours before Prime Minister Justin Trudeau's Canadian government was scheduled to unveil changes to the regulatory regime for resource projects. "We are having to look at Canada quite hard. The cumulative impact of regulation (and) higher taxation than other [Read more]
Nova Scotia premier adds voice to concerns over pipeline trade dispute
HALIFAX - Nova Scotia Premier Stephen McNeil says he shares the concerns expressed by Manitoba's Brian Pallister over increasing inter-provincial tensions around the future of the Trans Mountain pipeline project. McNeil says he believes there should be access to Canada's west and east coasts when it comes to moving energy resources. He says any product — whether it be oil out of Alberta or hydro power from Newfoundland and Labrador, Manitoba and Quebec — should be shared with as many [Read more]
Suncor Energy sells Montney acreage to Canbriam Energy for stake in company
CALGARY - Suncor Energy Inc. is well-positioned to buy competitors that are hurting from substantial price discounts on their oilsands crude, CEO Steve Williams said Thursday. Canada's largest energy company is insulated from low prices being paid for Western Canadian Select heavy oil because it has plenty of contracted pipeline capacity and is able to use its crude in its refineries, Williams said told a conference call following the company's latest financial results. "It [Read more]
Kelt Reports Significant Increases in Oil & Gas Reserves and Net Asset Value as at December 31, 2017
CALGARY, Alberta, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (“Kelt” or the “Company”) is pleased to report on its oil & gas reserves and production for the year ended December 31, 2017. Kelt's audit of its 2017 annual consolidated financial statements has not been completed and accordingly all financial amounts relating to 2017 referred to in this news release are unaudited and represent management's estimates. Readers are advised that these financial estimates are subject [Read more]
Canbriam Energy Outlines 2018 Capital Budget, Announces Strategic Land Transaction and Provides Operational Update
CALGARY, Feb. 8, 2018 /CNW/ - Canbriam Energy (Canbriam) is pleased to announce a number of corporate updates including plans to invest between $50 million to $60 million in the first half of 2018, which is expected to support full year production between 37,000 and 39,000 boe per day, including approximately 15 percent liquids component. Production expectations represent effective capacity of Canbriam's 100 percent owned and operated processing facilities. The full year 2018 capital budget is [Read more]
Wolf Midstream Inc. to Acquire Remaining 50% Interest in Access Pipeline
Wolf to hold 100% ownership interest in Access Pipeline CALGARY, Feb. 8, 2018 /CNW/ - Wolf Midstream Inc. (Wolf) announced today that it has signed an agreement with MEG Energy Corp. (MEG) to acquire MEG's 50% ownership interest in Access Pipeline (Access) and 100% ownership interest in the Stonefell Terminal for $1.52 billion plus capital commitments of approximately $90 million. With this acquisition, Wolf will become the 100% owner and operator of Access. Wolf completed the acquisition of [Read more]