2.1 C
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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Deep freeze offers only cold comfort for natural gas producing firms

CALGARY — Analysts say the cold snap that continues to blanket many parts of North America is driving short-term natural gas prices higher but the trend is unlikely to significantly affect either Canadian consumer bills or producer profits. Cold weather typically increases demand for the home heating fuel, which draws down storage levels and pushes prices higher, but the affect...

A look forward to 2018 with Fort St. John Mayor Lori Ackerman 

FORT ST. JOHN, B.C. — Though it is already nearly two weeks into the new year, Fort St. John Mayor Lori Ackerman says she’s looking forward to 2018, and that she feels big things are in store for the Energetic City. Mayor Ackerman sat down for a phone interview with Energeticcity.ca late last week to get her thoughts on the...

Crude awakenings: stabilizing oil unlikely to improve the TSX’s performance in 2018

TORONTO — While stabilizing oil prices helped Canadian equities break out of their doldrums in the second half of 2017, investors expecting the Toronto Stock Exchange to catch up with its outperforming global peers in the new year should instead anticipate more modest returns with the add-on of greater market volatility. "Despite being flat in the early part of the...

Crude awakenings: stabilizing oil unlikely to improve the TSX’s performance in 2018

TORONTO — While stabilizing oil prices helped Canadian equities break out of their doldrums in the second half of 2017, investors expecting the Toronto Stock Exchange to catch up with its outperforming global peers in the new year should instead anticipate more modest returns with the add-on of greater market volatility. "Despite being flat in the early part of the...

Alberta carbon tax jumps, but NDP says it’s connected to improving economy

EDMONTON — Alberta's carbon tax jumped on New Year's Day, but the province's NDP government maintains the tax played a vital role in Alberta's improving economic outlook. Deputy premier Sarah Hoffman told reporters there was a clear link between the approval of several pipelines last year and the tax that Alberta first introduced on carbon on January 1, 2017. Hoffman noted...

Efforts continue to extinguish fire at Todd Energy well north of Fort St. John

FORT ST. JOHN, B.C. — Response crews are continuing to contain a fire at an oil and gas site owned by Todd Energy north of Fort St. John. According to BC Oil and Gas Commission spokesman Phil Rygg, crews are continuing to work on extinguishing the fire, which erupted on Sunday. Rygg said that the first steps in this process...

Surerus-Murphy employee braving the cold to raise $25,000 in Chetwynd

CHETWYND, B.C. — A Surerus-Murphy employee is going to be experiencing some incredibly cold nights in the next few days as he aims to raise money for charities in the Chetwynd area. Derek Pickford works in Surerus-Murphy’s Public Relations department, and was part of a team of company employees that helped raise nearly $39,000 during November and December for charities...

Canadian IPOs rebounded in 2017, generating $5.1 billion in proceeds, PwC says

MONTREAL — PricewaterhouseCoopers says a resurgence in the mining sector in the final months of 2017 pushed total proceeds from initial public offerings in Canada to $5.1 billion last year, up from $466.7 million in 2016. There were 38 issues from Canadian companies or companies listing on Canadian exchanges in 2017. That included 13 in the fourth quarter, which raised a total...

Deloitte finds buyer for Grande Cache coal mine

GRANDE CACHE, A.B. — A new buyer has been found for Grande Cache Coal after the coal mine in Western Alberta went into receivership nearly a year ago. The mine, which is located near the town of 3,500 in the Rocky Mountains, closed in December 2015 because of low coal prices. Grande Cache Coal went into receivership last January after...

BC OGC investigating fire at Todd Energy well site northwest of Fort St. John

FORT ST. JOHN, B.C. — Officials with the BC Oil & Gas Commission are investigating a fire at a well site owned by Todd Energy over the weekend. OGC spokesman Phil Rygg said that the Commission was notified about the fire, which occurred roughly 95 kilometres northwest of Fort St. John at around 11:00 a.m. Sunday. Rygg said that the...

Encana says core asset production grew more than expected in 2017

CALGARY, A.B. — Encana says it delivered strong performance in the fourth quarter of 2017, and that the company is on track to meet or exceed targets in its five-year plan unveiled at its Investor Day last October. In a press release, Encana said its core assets delivered production growth of approximately 31 percent from the fourth quarter of 2016...

Suncor operations cease at base plant after ‘process upset’ knocks out power

CALGARY — Suncor Energy Inc. says operations have ceased at its oilsands base plant near Fort McMurray, Alta., after a temporary power loss Wednesday afternoon. Company spokesperson Erin Rees would only describe the cause of the power loss as a "process upset" but says power was restored as of Wednesday night. Rees says she cannot provide more detail because it's a "day to day operational issue." She says the incident does not...

Encana says core asset production grew more than expected in 2017

CALGARY, A.B. — Encana says it delivered strong performance in the fourth quarter of 2017, and that the company is on track to meet or exceed targets in its five-year plan unveiled at its Investor Day last October. In a press release, Encana said its core assets delivered production growth of approximately 31 percent from the fourth quarter of 2016...

GasBuddy forecasting 2018 will see highest fuel prices across Canada in four years

FORT ST. JOHN, B.C. — Analysts with GasBuddy.com are forecasting that 2018 will see motorists paying the highest average prices at the pumps in nearly four years. Senior petroleum analyst Dan McTeague said in the website’s annual forecast of fuel prices that, “Circumstances beyond Canada’s control, including a surging U.S dollar versus a weaker Loonie, increasing U.S. fuel demand and...

OGC says Todd Energy natural gas well no longer leaking

FORT ST. JOHN, B.C. — A spokesman with the BC Oil and Gas Commission says that a blowout at a Todd Energy natural gas well north of Fort St. John is now under control. The OGC’s Public and Corporate Relations Director Phil Rygg said that the well, which caught fire after a blowout at the beginning of the month, is...

Federal Court judge finds Packers Plus fracking technology patent is invalid

CALGARY — A Canadian court is declaring invalid the patent for a fracking technology held by Calgary-based Packers Plus Energy Services Inc. The Federal Court of Canada says the company's patent granted in 2002 isn't valid because it was an "obvious" improvement on existing systems which had been publicly disclosed before the patent application was filed.  The decision has sweeping implications for the oil and gas industry because variations of the technology...

Draft policy: Alberta United Conservatives eye flat tax, private health delivery

EDMONTON — Alberta's governing NDP says draft policy ideas put forward by the Opposition United Conservatives are risky and would benefit the wealthy — but the new party calls that baseless fearmongering. Finance Minister Joe Ceci says a proposal to return to a flat personal income tax rate would take $700 million out of revenue for the benefit of the highest-income earners. "This is a...

PNW LNG Petronas decision expected by April: Rich Coleman

FORT ST. JOHN, B.C. - According to an article by Bloomberg, Rich Coleman, British Columbia’s minister of natural gas development says Petronas will have a decision on whether or not to move forward with the Pacific NorthWest LNG project by April. In an interview in Vancouver, Coleman says they (Petronas) need time to go out and re-price the project including the...
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