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Saturday, August 24, 2019
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TC Energy applauds Nebraska court victory over opponents of Keystone XL pipeline

CALGARY, A.B. - One of the last major hurdles for the Keystone XL crude oil pipeline was removed on Friday by the Nebraska Supreme Court which rejected an attempt to force the developer to reapply for state approval. The court upheld the decision of regulators who voted in November 2017 to greenlight a route through the state. The court's decision...

Pembina Pipeline buys Kinder Morgan Canada

CALGARY, A.B. - Pembina Pipeline Corporation will buy Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion. Upon closing of the deal with Kinder Morgan Inc., Pembina says it will increase is monthly dividend by a penny per share to 21 cents. The Cochin pipeline runs 2,900 kilometres between Fort Saskatchewan, Alta., and Chicago and has a design capacity of...

Alberta to limit oil production to end of 2020 as pipeline delays persist

CALGARY, A.B. - The Alberta government says some oil companies will have to limit their production until the end of 2020 as pipeline delays persist. Energy Minister Sonya Savage says the current limit is being extended because there are no new pipeline expansions on the horizon in the near term that could open markets. Production limits were supposed to last until...

Bonterra has 70 workers cleaning up oil spill site in Alberta creek

DRAYTON VALLEY, Alta. — Bonterra Energy Corp. says it has 70 workers cleaning up the site of an oil emulsion leak from a pipeline into a creek that feeds the North Saskatchewan River in west central Alberta. In an update posted on its website Monday, the Calgary-based oil and gas producer says clean up and recovery of the saltwater-and-oil leak...

Kenney says Legault has shaky grasp of history when it comes to equalization

QUEBEC — Alberta Premier Jason Kenney shot back at his Quebec counterpart Monday, saying Francois Legault does not understand the history of equalization. On Sunday, Legault defended equalization against criticism from Alberta, saying the program was part of the "original deal" when Quebec entered Confederation in 1867. Kenney pointed out that the first equalization system was introduced in 1957, and the principle of equalization...

Pipeline rupture sends 40,000 litres of oil into Alberta creek

DRAYTON VALLEY, Alta. — The Alberta Energy Regulator says a pipeline has spilled 40,000 litres of crude oil into a creek. The regulator says on its website that the incident happened Thursday on a Bonterra Energy Corp. line 14 kilometres south of Drayton Valley, Alta. It says the line was shut in and depressurized, and that containment booms were installed. The AER...

BC OGC says recent report ‘unfairly characterizes’ the Commission’s reputation

FORT ST. JOHN, B.C. - The B.C. Oil & Gas Commission has issued a statement in response to the report released earlier this week by the Canadian Centre for Policy Alternatives. In the report, the group is asking the Provincial Government to find a new agency to oversee the oil and gas industry in British Columbia. The report's author, Ben Parfitt,...

Oilsands firms considering diluent recovery units to boost crude by rail volumes

CALGARY, A.B. - Ongoing pipeline project delays and growth in crude-by-rail capacity from Western Canada are leading some oilsands producers to consider spending billions of dollars to build diluent recovery units. Oilsands bitumen is a thick, sticky oil which must be diluted with about half as much light petroleum to flow in a pipeline, but diluent isn't needed for rail...

Zimmer pleased to see relief on tariffs for Woodfibre LNG and LNG Canada projects

FORT ST. JOHN, B.C. - Recently, the Federal Government announced that it will be providing relief from tariffs for the Woodfibre LNG and LNG Canada projects. In a statement, MP Bob Zimmer says he is pleased that the efforts on behalf of these projects have been rewarded and says many communities will benefit from these projects. He also says he is...

Group wants new agency to oversee oil and gas industry in British Columbia

VANCOUVER — British Columbia's Oil and Gas Commission isn't taking action that would protect the environment in the public interest, favouring instead the companies it is intended to police, says a new report. Author Ben Parfitt accused the Crown corporation of serving the interests of the industry and a provincial government that promotes fossil fuel development ahead of the public interest. "What we have...

Alberta, Saskatchewan say they have no plans to put carbon tax stickers on pumps

EDMONTON — Carbon-tax-fighting governments in Alberta and Saskatchewan say they have no plans to follow Ontario's lead and force gas stations to put anti-carbon tax stickers on their pumps. Ontario's Progressive Conservative government has set Aug. 30 as a deadline for stations to have the stickers posted or face fines of up to $10,000 a day. The stickers say the federal carbon tax has added 4.4...

Canada to fund Indigenous groups energy projects in B.C. and Alberta

OTTAWA — The federal government is providing up to $6 million in funding to help Indigenous communities in British Columbia and Alberta increase their participation in energy infrastructure projects. Natural Resources Minister Amarjeet Sohi made the announcement Wednesday. Funds will be provided through the Indigenous Natural Resource Partnerships program. A statement from Natural Resources Canada describes the program as a one-ear initiative aimed...

RCMP ‘sitting on’ watchdog report into alleged spying on anti-oil protesters

OTTAWA — The RCMP has been sitting for two years on a watchdog report into alleged Mountie surveillance of anti-oil protesters, a civil liberties group charges. In a letter this month to RCMP Commissioner Brenda Lucki, a lawyer for the British Columbia Civil Liberties Association laments the "inordinate delay" that has effectively obstructed the report's release. The association lodged a complaint in February 2014 with the Civilian Review...

Jim Pattison makes offer to take Canfor Corp. private at $16 per share

VANCOUVER - Jim Pattison's Great Pacific Capital Corp. has made an offer to buy the rest of Canfor Corp. it does not already own for $16 per share. Shares in Canfor closed at $8.80 on the Toronto Stock Exchange on Friday. Great Pacific already owns about a 51 per cent stake in the lumber producer. The offer values Canfor at about $2...

Inter Pipeline shares lose some of last week’s takeover speculation gains

CALGARY — Shares in Inter Pipeline Ltd. fell by as much as 4.3 per cent Monday morning after soaring late last week on news that it had rejected an unsolicited takeover from an unnamed bidder. On the Toronto Stock Exchange, shares in the Calgary petroleum transportation and processing company fell by $1.06 to $23.75 before recovering to $24.10 by 11 a.m. EDT. During a...

Low prices, LNG uncertainty add to frustration levels for natural gas producers

CALGARY — Greg Kist admits he was burned out when he resigned as president of Pacific NorthWest LNG at the end of 2014, as the Vancouver-based venture led by Malaysian energy giant Petronas advanced its ill-fated mission to build a liquefied natural gas project in B.C. "I needed to decompress," the 57-year-old gas industry veteran says of his decision to return to his...

Experts to advise Ottawa as it consults First Nations that want stake in TMX

OTTAWA — A former Enbridge executive has been appointed to head a committee that will advise the federal government as it consults with Indigenous communities that want a financial stake in the Trans Mountain pipeline expansion. Finance Minister Bill Morneau says Linda Coady will lead a group of experts that will help the government during the engagement process. Coady was chief sustainability officer...

Inter Pipeline confirms takeover offer on regulator request after stock halted

CALGARY — Inter Pipeline Ltd. confirmed Friday afternoon it received a "proposal" to purchase the company, in a statement issued at the behest of regulators a few hours after executives refused to discuss the matter on a conference call with analysts. At 3 p.m. EDT, about an hour after its stock was halted from trading pending news, the Calgary-based midstream company issued a...

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