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Fort St. John
Monday, October 14, 2019
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Alberta government to review energy regulator, replaces board members

CALGARY, A.B. - The Alberta government has announced a review of the province's energy regulator. Energy Minister Sonya Savage says the review will look at overall changes to the Alberta Energy Regulatory's mandate, operations and governance. She says its current board of directors is also being replaced with interim members. The moves were a campaign promise Premier Jason Kenney made before his...

Canada still on top as world’s preferred supplier of oil and natural gas

CALGARY, A.B. - According to a recent international research survey, Canada still comes out on top when it comes to being the world's preferred supplier of oil and natural gas. The survey '2019 Global Energy Pulse' by Ipsos, conducted on behalf of the Canadian Association of Petroleum Producers, found that respondents from 31 countries chose Canada as their number one...

‘Outrageous:’ Alberta man told oil and gas shirt not allowed in Senate

CALGARY, A.B. - An Alberta man wants answers as to why he wasn't allowed to wear a T-shirt in support of Canadian oil and gas during a visit to the Senate on Parliament Hill. Conservative Sen. David Tkachuk from Saskatchewan says he has received a copy of a letter written by William Lacey and addressed to other senators, Alberta Premier...

No longer the ‘rich kids on the block:’ Alberta finance minister sells restraint 

CALGARY, A.B. - Alberta's finance minister says the United Conservative government still aims to balance the budget by 2023 but nothing is written in stone _ especially with a continued uncertainty over pipelines. ``Certainly within the realm of reasonable economic outcomes we commit to balancing the budget in our first term ... recognizing we do face revenue volatility in this...

Court allows six of 12 Trans Mountain appeals

VANCOUVER — The Federal Court of Appeal says six legal challenges to the Trans Mountain pipeline project focusing on Indigenous consultation can proceed. The federal government has twice approved a plan to triple the capacity of an existing pipeline from Alberta's oilpatch to a terminal in Burnaby, B.C. Last year the Federal Court of Appeal tore up the original approval, citing...

Federal Court of Appeal to rule Wednesday on letting pipeline appeals proceed

OTTAWA, O.N. - The Federal Court of Appeal says it will reveal Wednesday whether a new set of legal challenges to the Trans Mountain pipeline project can proceed. The federal government has twice approved a plan to twin an existing pipeline from Alberta's oilpatch to the B.C. coast. Last year the Federal Court of Appeal tore up the original approval citing...

North American stock markets fall on new tariffs and weak manufacturing data

TORONTO, O.N. - North American markets fell to start the trading week Tuesday following the imposition of new tariffs by the U.S. and China and weak manufacturing data. After a strong week to end a volatile August, investors were hoping that positive sentiment would continue after the Labour Day holiday, said Ryan Crowther, portfolio manager at Franklin Bissett Investment Management. ``But...

Crescent Point selling $912M in assets including Uinta Basin asset

CALGARY — Crescent Point Energy Corp. is selling its Uinta Basin asset in Utah and certain southeast Saskatchewan conventional assets for a total of approximately $912 million. The Calgary-based company says the agreements include 27,000 barrels of oil equivalent per day of upstream assets. Crescent Point says the transactions are expected to help strengthen its balance sheet. Net debt is expected to...

Chinese companies commit to oilsands despite setbacks and poor operating results

CALGARY — While some European and U.S. companies cut their exposure to the Canadian oilsands, China's Big Three oil giants — CNOOC, PetroChina and Sinopec — seem content to let their bets ride even if the results haven't been spectacular. In 2018, PetroChina produced an average of just 7,300 barrels per day of bitumen from its MacKay River thermal oilsands project, although it was designed...

Well blow-out north of Fort St. John

FORT ST. JOHN, B.C. - There has been a well blow-out near Laprise Creek north of Fort St. John. The B.C. Oil and Gas Commission says the incident has caused the area to be evacuated and a roadblock into the area has been put into place.  The well was operating on a lease owned by Saguaro Resources and Ensign drilling...

Supreme Court rejects Saskatchewan’s request to delay carbon tax appeal

REGINA — Saskatchewan says the Supreme Court of Canada has denied the province's request to delay its appeal hearing over the carbon tax. The province says the Supreme Court recently issued an order stating the hearing remain tentatively set for Jan.14. The government had asked for more time and expected a delay could mean a hearing next spring. It argued a delay would allow for better co-ordination of...

U.S. methane regulation reversal widens its competitive advantage, says CAPP CEO

CALGARY — A U.S. proposal to ease regulations aimed at cutting methane emissions will create another competitive advantage for American producers over Canadians, the CEO of the Canadian Association of Petroleum Producers says. On Thursday, the U.S. Environmental Protection Agency said it is following President Donald Trump's directive to remove regulatory burdens on the oil and gas sector by considering rescinding many of its requirements to...

Supreme Court rejects Saskatchewan’s request to delay carbon tax appeal

REGINA — Saskatchewan says the Supreme Court of Canada has denied the province's request to delay its appeal hearing over the carbon tax. The province says the Supreme Court recently issued an order stating the hearing remain tentatively set for Jan.14. The government had asked for more time and expected a delay could mean a hearing next spring. It argued a delay would allow for better co-ordination of...

Ottawa, B.C. to push electrification of gas industry to cut carbon emissions

SURREY, B.C. - The federal and British Columbia governments want to power the production of the natural gas industry in the province using electricity. As part of an agreement announced today, the two governments and BC Hydro are forming a committee to push projects that increase power transmission. Prime Minister Justin Trudeau says the agreement is aimed at reducing greenhouse gas...

Heavy oil project sale founders after buyer fails to win Chinese partner’s OK

CALGARY, A.B. - Highwood Oil Company Ltd. says its deal to buy a 55 percent stake in a heavy oil project in northern Alberta has been terminated after it failed to win approval from the Chinese partner to take over as operator. Calgary oil company Obsidian Energy Ltd. (formerly Penn West Energy Trust) had agreed to sell its position in...

Approval received for $500M, 400 MW southern Alberta solar power project

CALGARY, A.B. - Provincial regulators have approved a $500-million solar power project in southern Alberta that its developers say will be the largest in Canada. Privately held Greengate Power Corp. of Calgary says approval from the Alberta Utilities Commission means it can proceed with construction next year of its Travers Solar project, with full commercial operations targeted for 2021. The electricity...

Oil producer complaints won’t alter Mainline pipeline open season plan: Enbridge

CALGARY, A.B. - A senior executive with Enbridge Inc. says the company won't change course on its plan to convert most of its Mainline pipeline system to long-term contracts despite growing opposition from major Canadian oil producers. Canadian Natural Resources Ltd. is the latest producer to file a letter of complaint with the National Energy Board about Enbridge's open season...

Oil prices, tax income keep Alberta first quarter revenue in line with last year

EDMONTON, A.B. - A first-quarter fiscal update from the Alberta government is reporting consistent revenues compared with the same period last year. The province says it brought in $13.4 billion from April to June _ almost identical to the number in 2018. It says resource revenue was $164 million higher, mainly from a narrower oil price differential. Income tax revenue was also...

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