Trudeau, Notley said yes to pipelines, while really meaning no

Trudeau, Notley said yes to pipelines, while really meaning no
While telling people that they understand the importance of the pipelines, Notley and Trudeau piled up the regulatory bricks to ensure they were not viable By Ken Green Senior director Centre for Natural Resource Studies The Fraser Institute TransCanada’s withdrawal of its proposal to build the Energy East and Eastern Mainline oil pipelines is a huge loss to Canada and... Read More

Energy’s uphill battle even tougher in era of willful ignorance

Energy’s uphill battle even tougher in era of willful ignorance
Being energy-ignorant is almost fashionable in certain circles By Bill Whitelaw President and CEO JuneWarren-Nickle’s Energy Group Most of us have heard of Sisyphus and his struggles. He’s the mythical Greek king doomed for eternity to push a boulder uphill – only to see it roll back down again. To the top. And down again. Kind of like oil-and-gas communications... Read More

Metals and energy shares lead TSX higher, as oil and gold prices climb

Metals and energy shares lead TSX higher, as oil and gold prices climb
TORONTO — Rallying metals and energy shares led a broad-based advance on Canada’s main stock index Friday, as oil and gold prices rose sharply. The Toronto Stock Exchange’s S&P/TSX composite index was up 64.97 points to 15,807.17. “Nearly a third of the equity markets are benefiting from the resource trade,” said Shailesh Kshatriya, director of Canadian strategies at Russell Investments... Read More

Husky gets OK from Saskatchewan government to restart pipeline after major spill

Husky gets OK from Saskatchewan government to restart pipeline after major spill
REGINA — The Saskatchewan government has given Husky Energy the OK to restart a pipeline after a major oil spill along the North Saskatchewan River in July 2016. The government says in an email to media that testing, inspection and evaluation of the repairs to the line have been done. The pipeline leaked 225,000 litres of heavy oil mixed with... Read More

Change would see Nova Scotia regulator eyeball gas shipping costs for consumers

Change would see Nova Scotia regulator eyeball gas shipping costs for consumers
HALIFAX — Nova Scotia is preparing for the end of natural gas from the Sable Offshore Energy Project. Energy Minister Geoff MacLellan is proposing changes to the Gas Distribution Act that would allow Nova Scotia’s oil and gas regulator to assess and recover the costs of shipping natural gas into the province by pipeline. MacLellan says the move is necessary... Read More

Pipeline approval put Alberta’s needs ahead of B.C.’s oil-spill concerns

Pipeline approval put Alberta’s needs ahead of B.C.’s oil-spill concerns
VANCOUVER — A lawyer representing British Columbia in its fight against the Trans Mountain pipeline expansion says the federal cabinet’s approval of the project is “lopsided” because it put Alberta’s economic needs ahead of B.C.’s concerns about oil spills. Thomas Berger said outside the Federal Court of Appeal on Thursday that the $7.4-billion project would disproportionately impact the interests of... Read More

TransCanada says it’s cancelling Energy East, Eastern Mainline pipeline projects

TransCanada says it’s cancelling Energy East, Eastern Mainline pipeline projects
CALGARY — TransCanada says it’s cancelling plans for the Energy East pipeline and Eastern Mainline projects. The Calgary-based company said previously that it was suspending its efforts to get regulatory approvals for the mega projects. Energy East was conceived as a way to ship Alberta oilsands production as far east as Saint John, New Brunswick. TransCanada says it will inform... Read More

Private Osum Oil Sands sells production royalty for $92.5M to pay for expansion

Private Osum Oil Sands sells production royalty for $92.5M to pay for expansion
CALGARY — A private Calgary oilsands producer is selling a portion of future production to raise money to expand its northern Alberta project, a funding method gaining traction in a sector having difficulty attracting investors. Osum Oil Sands Corp. said Monday it has approved a 3,000-barrel-per-day expansion of its Orion project to take output to over 12,000 barrels per day... Read More

New Canadian gas plant helps Encana recover production lost due to hurricane

New Canadian gas plant helps Encana recover production lost due to hurricane
CALGARY — Encana Corp. (TSX:ECA) says it will meet corporate production guidance this year despite losing an average of 3,500 barrels of oil equivalent per day in the third quarter from U.S. operations it suspended while hurricane Harvey rampaged through Texas. The Calgary-based oil and gas producer says the earlier-than-expected startup of a natural gas processing plant in B.C. this... Read More

Toronto stock market rises modestly, Canadian dollar edges up

Toronto stock market rises modestly, Canadian dollar edges up
TORONTO — Canada’s main stock index and the loonie are showing modest gains this morning. The Toronto Stock Exchange’s S&P/TSX composite index was up 36.30 points to 15,510.42, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 7.60 points to 22,276.72. The S&P 500 index was up 1.20 points to 2,498.04 and the Nasdaq... Read More