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Fort St. John
Monday, December 10, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
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Protesters wanting more for killer whales confront Environment Minister in B.C.

VICTORIA, B.C. - Federal Environment Minister Catherine McKenna was confronted with the passions many people in British Columbia have for the plight of the West Coast's endangered killer whales while she cycled on a Victoria-area bike path Wednesday. The minister said she was cycling to a news conference along Victoria's Galloping Goose Trail when she met a group of protesters...

Economic cost of Canadian oil price discounts counted in billions of dollars

CALGARY, A.B. - TransCanada Corp. says it doesn't know when it will be able to build its Keystone XL pipeline after a Montana judge stopped it last week but it is confident the project will make money once it is built and in service. It's too soon to say what the decision by U.S. District Judge Brian Morris last Thursday...

WTI drops for a 10th straight day, dipping below US$60 to a near nine month low

TORONTO, O.N. - Crude oil prices dipped to near a nine-month low as they fell for a tenth consecutive day, potentially having an impact on the Bank of Canada interest rate decision next month. West Texas Intermediate dipped to a low of US$59.26 before closing off 83 cents or 1.4 per cent to US$59.84. Since its peak last month, WTI is...

New gas plants should pay carbon levy on all emissions by 2030, advocates say

OTTAWA, O.N. - Climate-change advocates and renewable-fuel producers want Ottawa to make sure natural-gas power plants have to pay a price for every ounce of their greenhouse-gas emissions within 12 years. The federal government is still finalizing emissions standards for various sources of electricity that will determine how much they will pay in a carbon levy. Ottawa has set a cap...

TransCanada says it is committed to Keystone XL pipeline after judge orders halt

CALGARY, A.B. - The Canadian proponent of the $10-billion Keystone XL crude pipeline says it remains committed to the oft-delayed project despite a Montana judge's ruling that it must pass a further environmental review. TransCanada Corp. spokesman Terry Cunha says the company has received the judge's ruling and is reviewing it. U.S. District Judge Brian Morris put the project on hold,...

U.S. judge blocks construction of $8 billion Keystone XL pipeline

GREAT FALLS, Mont. - A federal judge in Montana has blocked construction of the $8-billion Keystone XL pipeline to allow more time to study the project's potential environmental impact. The Great Falls Tribune reports U.S. District Judge Brian Morris' order on Thursday came as Calgary-based TransCanada was preparing to build the first stages of the oil pipeline in northern Montana....

Energy companies roll out production cuts along with third quarter results

CALGARY, A.B. - Production cutbacks and deferred drilling programs are emerging as a common theme as Calgary-based oil and gas companies elect to leave barrels in the ground rather than sell at current low prices. In third-quarter results released this week, energy companies large and small say they are avoiding wider-than-usual price discounts blamed on difficulty in getting barrels to...

Energy board to hear traditional Indigenous evidence in Trans Mountain review

VANCOUVER, B.C. - The National Energy Board will hear oral traditional evidence from Indigenous groups in the coming weeks as part of its new review of the Trans Mountain pipeline expansion. The Federal Court of Appeal struck down the federal government's approval of the project in August, citing inadequate Indigenous consultation and the energy board's failure to review the project's...

Pipeline blast forces FortisBC to the open market for natural gas supply

VANCOUVER, B.C. - FortisBC is looking at several options to boost its stock of natural gas in an effort to get its customers through the winter after a pipeline blast squeezed off the supply. Sean Beardow, manager of corporate communications with Fortis, says the flow through the Enbridge pipeline that exploded in flames near Prince George last month has reached about...

Energy board to hear traditional Indigenous evidence in Trans Mountain review

VANCOUVER, B.C. - The National Energy Board will hear oral traditional evidence from Indigenous groups in the coming weeks as part of its new review of the Trans Mountain pipeline expansion. The Federal Court of Appeal struck down the federal government's approval of the project in August, citing inadequate Indigenous consultation and the energy board's failure to review the project's...

Imperial Oil going ahead with construction of $2.6B Aspen oilsands project

CALGARY, A.B. - Imperial Oil Ltd. says it will go ahead with its $2.6-billion Aspen oilsands project. Construction will begin this year, with the project expected to start up in 2022. The Aspen project, located about 45 kilometres northeast of Fort McMurray, Alta., is expected to produce about 75,000 barrels of bitumen per day. It will use new oilsands recovery technology designed...

Painted Pony warns natural gas output will fall due to B.C. pipeline explosion

CALGARY, A.B. - Oil and gas producer Painted Pony Energy Ltd. says its fourth-quarter production will drop by up to 20 percent because of reduced shipping capacity after the explosion of a natural gas pipeline in B.C. A line in Enbridge Inc.'s T-South pipeline system ruptured on Oct. 9, about 15 kilometres northeast of Prince George, B.C., causing a huge...

Spy service says federal pipeline purchase seen as ‘betrayal’ by many opponents

OTTAWA, O.N. - Canada's spy agency says many members of the environmental and Indigenous communities see the federal purchase of the Trans Mountain pipeline as a betrayal and suggests that could intensify opposition to expanding the project. A Canadian Security Intelligence Service assessment highlights a renewed sense of indignation among protesters and clearly indicates the spy service's ongoing interest in...

Ensign shares jump as driller notes lower loss, higher revenue in third quarter

CALGARY, A.B. - Shares in Ensign Energy Services Inc. rose about eight percent on Monday morning after it reported a smaller loss in its third quarter compared with a year ago, while revenue grew 17 percent. The drilling company says it lost $32.8 million or 21 cents per share on revenue of $289 million, compared with a loss of $36.5...

British Columbia faces lawsuit: Fracking dams exempted from environmental review

VANCOUVER, B.C. - A conservation group is suing the British Columbia government for deciding two oilpatch dams are exempt from environmental rules. The B.C. Sierra Club says foreign-owned Progress Energy built the dams in the province's north without environmental assessments. The club alleges the government then retroactively exempted them from needing the reviews. It alleges the government's own staff have said the...

New Trans Mountain pipeline review doomed to fail: Vancouver mayor elect

VANCOUVER, B.C. - Vancouver's incoming mayor says a revamped National Energy Board review of the Trans Mountain pipeline expansion is likely doomed to fail and will land the federal government back in a courtroom. The energy board is reviewing the project's impacts on the marine environment and Kennedy Stewart says it's too rushed, including a week-long window for Indigenous groups...

Enbridge reports third quarter loss on one time charges, adjusted profit up

CALGARY, A.B. - Enbridge Inc. says it lost $90 million in its latest quarter as it was hit by a number of one-time charges. The pipeline and utility company says the loss amounted to five cents per share for the quarter compared with a profit of $765 million or 47 cents per share a year ago. The loss for the most...

Service sector predicts Canadian drilling activity will fall even more in 2019

CALGARY, A.B. - The Petroleum Services Association of Canada is predicting more pain for the oil and gas sector next year. It predicts a total of 6,600 wells will be drilled in Canada in 2019, down about five percent from an expected 6,980 wells this year, adding that translates to a year-over-year decrease of up to $1.8 billion in capital...
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