VICTORIA - British Columbia Environment Minister George Heyman says he doesn't expect the province to back down on its battle against the Trans Mountain pipeline expansion during a meeting Sunday with the prime minister and Alberta's premier. Heyman says the government is trying to defend the B.C. coast, its environment and jobs from the potentially disastrous impacts of an oil products spill. He says the federal government has rejected B.C.'s invitations to join its attempt to ask the [Read more]
Headlines
Oil industry to return to profitability this year after three years of losses
CALGARY - Canada's oil industry is expected to be back in the black this year thanks to higher oil prices and more production after registering three years of losses. But the Conference Board of Canada says the recovery will be modest and ongoing pipeline capacity problems will likely continue to result in Western Canada's oil production selling for discount prices. Michael Burt, director of industrial economic trends, says the oil industry will register pre-tax profits of about $1.4 [Read more]
Trudeau meeting Sunday with B.C., Alberta premiers over Trans Mountain impasse
OTTAWA - Prime Minister Justin Trudeau will sit down Sunday with B.C. Premier John Horgan and Alberta Premier Rachel Notley in an effort to hash out a solution to the ongoing dispute over the Trans Mountain pipeline project. Trudeau, who is on his way to Peru for the Summit of the Americas, will return to Ottawa for the meeting before resuming his travels to Paris and London, spokesperson Chantal Gagnon said Thursday, just moments before the prime minister's flight took off. Tensions over [Read more]
OPEC sees oil markets tighten further even as U.S. shale booms
LONDON (Reuters) - The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from rivals who have benefited from higher oil prices. U.S. shale oil output has been booming over the past year since OPEC reduced its own production in tandem with Russia to prop up global oil prices. But as oil production collapsed in OPEC member Venezuela and is still facing hiccups in [Read more]
geoLOGIC Spring 2018 Data & Analytics Showcase is nearing capacity! Waitlist in effect
In today’s technology driven, analytics-focused environment, the importance of data quality and integrity has never been greater. Join us on April 26th as we host technical talks and showcase our fully-integrated and diverse oil & gas datasets to help you save time, improve results and realize the full value of your data investment. This educational event is free! Topics include: Keynote Address: The Data Driven Organization | Mike Morley, B.A.Sc., President, Menome Technologies [Read more]
Toscana Energy Provides Update to Normal Course Issuer Bid
CALGARY, Alberta, April 11, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX:TEI) today provides an update to its Normal Course Issuer Bid (the "Bid") previously announced on May 18, 2017. Effective April 11, 2018, Canaccord Genuity Corp. will be replacing National Bank Financial Inc. as the broker firm responsible for making purchases of common shares in the capital of Toscana ("Common Shares") under the Bid on behalf of Toscana. Pursuant to the [Read more]
Alberta premier says ‘something’ coming from Ottawa on Trans Mountain impasse
TORONTO - Alberta Premier Rachel Notley says the federal government has convinced her that "something specific" will be announced in the near future to try to break the impasse over the Trans Mountain pipeline. Notley made the comments after a meeting in Toronto with federal Finance Minister Bill Morneau. She says she will let Morneau discuss and outline what those specific actions will be. The future of the Trans Mountain project was jeopardized this week after the operator, Kinder [Read more]
Trans Mountain pipeline talks to be held behind closed doors, Morneau insists
OTTAWA - Regardless of what's going on behind the scenes, Finance Minister Bill Morneau says the federal government isn't about to divulge how it plans to salvage the Trans Mountain pipeline expansion. Speaking in Toronto, Morneau says Ottawa is looking at several options to ensure the Alberta-B.C. pipeline gets built, including a potential financial stake in the project. Project architect Kinder Morgan upped the ante this week by declaring it would suspend all non-essential spending on [Read more]
Calgary Trans Mountain rally – neophytes lack the polish and venom of the protest industry, and are much the better for it
Yesterday afternoon, I attended what I thought would be the first protest of my life, outside of a few brutally quick, fruitless and humbling ones against food that was put in front of me some time ago by a tired parent. Yesterday’s was my first organized one. I suspect it was for many others, as the growing crowd began to mill about with the same mild awkwardness one does when standing in front of a crowd and not knowing what to do with their hands. What a bunch of freaking amateurs. And [Read more]
If Canada has a plan to save Trans Mountain, cabinet isn’t saying
OTTAWA - The Trudeau government held an emergency cabinet meeting Tuesday aimed at salvaging the Trans Mountain pipeline expansion but did not come up with plan — at least not one ministers are prepared to talk about yet. Hours earlier, Alberta Premier Rachel Notley upped the ante, saying Alberta is not only prepared to invest in the pipeline, it is prepared to take it over entirely if need be. But federal ministers had nothing to say about how their government might convince — or force — [Read more]