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Fort St. John
Monday, October 21, 2019
9924 101 ave Fort St. John, B.C.
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The Vancouver Sun: Potential ban on LNG pipelines converting to oil

The Vancouver Sun is reporting Natural Gas Minister Rich Coleman says he has prepared new cabinet regulations that would effectively ban any company from building a natural gas pipeline and then, in the future, trying to “reverse” it to carry oil to the coast. The Sun story says the move is primarily to address concerns raised by First Nations whose...

Michael Culbert appointed acting President of Pacific NorthWest LNG

In a release Dato' Wee Yiaw Hin, Chair of Pacific NorthWest LNG said, "Under Greg's leadership, the company was formed and continues to work towards a final investment decision this year. He leaves Pacific NorthWest LNG as a strong company with an excellent management team and a committed, dedicated group of employees. We wish him much success in Alberta...

Ministry of Finance introduces the long-awaited LNG Income Tax

The LNG Income Tax, which applies to the net income from LNG facilities in B.C., is set at 3.5 per cent and will become effective for taxation years beginning on or after January 2, 2017. During the period in which net operating losses and the capital investment are being deducted, a tax rate of 1.5 per cent will apply. "Developing a...

B.C. LNG Alliance stand on province’s GHG legislation

The following is a written statement by Keene:  Greater clarity is welcome by proponents, as they require fiscal and regulatory certainty to the overall cost of their projects. However, GHG legislation is just one component of the fiscal framework and overall cost structure in British Columbia.  B.C. is a high cost environment and is the only jurisdiction that is expected...

Province outlines goals in effort to have world’s cleanest LNG facilities

The province’s efforts include protecting the air and water in B.C., which according to Premier Christy Clark, is a priority for the ministry. This includes implementing a greenhouse gas emissions standard that is lower than any other LNG facility in the world; which will be achieved by flexible options for leading companies, including purchasing offsets and contributing to a...

The Globe and Mail: Petronas LNG stuck in limbo

The Globe notes the Canadian Environmental Assessment Agency is studying the proposed $11 billion project, and says there’s specific interest in the potential impact on Skeena River salmon stocks – the second largest in B.C. to those in the Fraser River. It also reports the agency put the one year federal review process on hold until on May 9th, citing...

Enterprise Group officially acquires Westar Oilfield Rentals in major deal

“Westar also provides Enterprise with a strong foothold in the Fort St. John region, the centre of Western Canada’s burgeoning LNG industry,” President and Chief Executive Officer of Enterprise Group, Leonard Jaroszuk said. “This acquisition provides us with the base of operations in Fort St. John, and we intend to further develop this base by opening local offices...

Federal and Provincial Goverments issue Environmental Certificate for Site C

The Provincial Government says they will make a final decision before the end of 2014. Both the Federal and Provincial Governments have given B.C. Hydro a list of conditions to meet for the project to move forward. The Province has given the project 77 conditions that include building 50 rental units in Fort St. John with some for low income...

BC Ministry of Environment gives Site C Environmental Certificate

If that happens, then the final decision rests with the B.C. Government and Cabinet members who are expected to make their decision before the end of 2014. The third dam on the Peace River currently has an estimated price tag of about 8 billion dollars, and has for decades been the subject of a sharply defined debate. First Nations in the...

B.C.’s LNG industry has a bright future ahead, according to President of the B.C. LNG Alliance

"The new LNG industry in British Columbia is not a forgone conclusion," Keane said. "If LNG is to be viable in this province, our industry, along with each level of government, will have to make some difficult decisions in order to cross the finish line." The projects proposed by the Alliance's members is said to constitute the largest investment ever...

Petronas “encouraged by the commitment of B.C. regarding LNG development”

This announcement was made after President and CEO, Shamsul Azhar Abbas met with Premier Christy Clark and Minister of Natural Gas Development, Rich Coleman earlier in the week. During this meeting, Petronas and the province agreed on clear milestones and action plans which would benefit both of them, as the company tries to support project competitiveness before undertaking a Final Investment...

B.C Throne Speech focuses on LNG

In a speech from the throne, Lt.-Gov. Judith Guichon says that LNG industry is an opportunity that represents a turning point for B.C., but success requires hard work. The LNG-dominated speech comes just hours after news broke that Malaysian energy giant Petronas threatened to pull out of its multibillion-dollar investment in B.C. unless the deal becomes more economically viable. The Petronas...

B.C. Northern Real Estate Board release quarterly numbers

The number of sales has jumped from 3,806 in September of last year to 4,650 this year, worth a total of $1.07 billion opposed to last year’s $934 million. “B.C. Northern’s third quarter real estate market has continued to be strong,” VP of the board, David Black said in a written statement. “Most markets are still showing increases in both...

Reuters: Another threat to pull out of B.C.’s LNG future by Petronas

"Petronas needs to secure consensus on key principles vital to the success of this project by the end of October," the company said in a statement. "Missing this date will have the impact of having to defer our investments until the next LNG marketing window, anticipated in 10-15 years." Within that written statement, Petronas points to marginal economic benefits projected for the...

Steelhead LNG announces new president

Victor Ojeda is the new man for the job, having ample experience as the former head of LNG Canada and being “the most respected and experienced executives in the LNG industry”, according to Steelhead LNG. Ojeda, whose LNG experience includes work on floating and land-based projects in Algeria, Equatorial Guinea, Gabon, Japan, New Zealand and Venezuela, says he welcomes the opportunity...

The Globe and Mail: Environmental concerns hold back decision on Petronas LNG

This after the chief executive officer of Petronas, Shamsul Azhar Abbas complained to the Financial Times about “uncertainty, delay, and short vision” while threatening to cancel the $36 billion LNG project. It now turns out that is was in fact Petronas requesting a time extension on the environmental review, citing a need to work out modifications and include “substantial” mitigation...

Premier Clark’s address to members of the UBCM

“They changed the future of our province forever in those pivotal days in 1858,” Premier Clark illustrated. “They probably never for a moment grasped the impact of what they were doing.” Premier Clark’s story, made during the conclusion of the UBCM convention, is about a pre-Confederation American militia group who came to the Frasier Valley in search of gold, were...

The Globe and Mail: Minister Coleman downplays threats from Petronas

Minister Coleman said he called Petronas today after reading the Financial Times article, and was reassured that “our negations are going fine”, although he did not reveal the identify of the person he talked to, citing the need to maintain confidentiality. Premier Christy Clark and Minister Coleman are both seen as already being extremely supportive of the development of LNG...

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