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Sunday, October 20, 2019
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Home Energy News Companies stepping back to watch oil, LNG futures a smart move: Energy...

Companies stepping back to watch oil, LNG futures a smart move: Energy BC Executive Director

FORT ST. JOHN, B.C — According to a notice sent to employees of Continental Pipeline and Facility Limited earlier this month, shareholders and management have decided to shut down the Fort St. John pipeline and facility construction company, and send all its equipment to the upcoming Ritchie Brothers Auction in March.

The notice said, while not accepting any new work going forward, Continental would complete all current projects.

It did not provide a reason for the decision, but Art Jarvis, the Executive Director of Energy Services BC, says:

As for what’s happening with LNG, we should get an indication by the end of this week what Pacific Northern Gas has in mind for the proposed Douglas Channel LNG project near Kitimat — the smallest of the many unconfirmed Northwest coast LNG projects.

PNG would supply the natural gas, and must file with the BC Utilities Commission whether it wants to build a ten or thirty inch line for the project which will indicate whether it has the one small LNG project in mind or service to that facility and two other proposed projects in the same area.

Certainly, confirmation of final investment decision for any of the Northwest Coast LNG projects would be welcome news in this area — where Jarvis says there are several companies in serious trouble and in danger of not making it through the winter.

Also coming from this area is a new industry stakeholder expanded level playing field government lobby for more aggressive enforcement of regulations, targeting out-of-province delinquent contractors.

One of the many unresolved local area oil and gas industry issues as we head into the New Year, is the long standing regulatory concern regarding delinquent out-of-province contractors.

Jarvis insists local BC contractors have no problem with out-of-province competitors as long as they compete on a level playing field.

He says there has been no government response yet, but that could come later this week during his scheduled tele-conference meeting, with the Premier.

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