Tag: Alberta Oil
TransCanada’s $15 billion US Keystone XL NAFTA suit suspended
Keystone XL approved by President Trump last month By Ethan Lou CALGARY, Alberta, Feb 28 (Reuters) – TransCanada Corp has suspended a $15 billion NAFTA suit filed against the United States over the Keystone XL pipeline, the company said on Tuesday, after U.S. President Donald Trump approved the project last month. The month-long suspension of […]
Ahead of Trans Mountain pipeline ruling, Canada says it wants Asia exports
Trans Mountain pipeline would transport Alberta oil to BC coast By David Ljunggren OTTAWA, Nov 15 (Reuters) – Canada’s natural resources minister said on Tuesday it was important that Canadian oil exports reach Asia, as the Liberal government prepares to decide whether to approve the Trans Mountain pipeline to the Pacific. Ottawa must decide by Dec. 19 on […]
Enbridge won’t appeal Northern Gateway pipeline court decision
“Meaningful consultation and collaboration…is the best path forward”: Northern Gateway president TORONTO, Sept 20 (Reuters) – Oil company Enbridge Inc’s Northern Gateway pipeline project will not appeal a recent Canadian Federal Court of Appeal decision that reversed its approval pending consultations with aboriginal groups, it said on Tuesday. “We believe that meaningful consultation and collaboration, […]
Penn West settles lawsuits over accounting errors, but admits no wrongdoing
Penn West settlement will be fully funded by company’s insurance CALGARY _ Penn West Petroleum Ltd. has reached agreements to settle a bevy of class-action lawsuits stemming from accounting errors it discovered in 2014. The settlement in the Canadian and U.S. cases will be fully funded by the company’s insurance, meaning its cash resources and […]
Husky Energy issues more layoff notices, says step difficult but necessary
Husky Energy cut 400 jobs in Calgary CALGARY _ Slumping world oil prices continue to hit Calgary’s energy industry hard as more layoffs have been announced. Husky Energy (TSX:HSE) issued pink slips to 400 people arriving for work at the downtown Calgary office on Tuesday but there could be many more when cuts from their […]
Alberta petrochemical sector gets boost from provincial program
Alberta petrochemical sector companies that produce value-added goods receive credits CALGARY _ The Alberta government aims to create thousands of jobs and reel in billions in investment by providing $500 million in royalty credits to the province’s petrochemical sector. The Petrochemicals Diversification Program announced Monday is one example of how the NDP government aims to […]
Energy East pipeline debate: Canadian PM says his job is to bring people together
Energy East rejected by Montreal-area mayors MONTREAL _ The federal government’s role is not to force cities such as Montreal to accept energy projects, Prime Minister Justin Trudeau said Tuesday, a day after his opponents demanded he tell the city’s mayor to “smarten up” and accept the controversial Energy East pipeline. Trudeau met with Denis […]
Apache Corp. faces more charges over Alberta pipeline safety
Apache Corp. to appear in Whitecourt court on Feb. 9 CALGARY _ More charges have been laid against Apache Corp. over the safety of its pipelines in Alberta. The Alberta Energy Regulator said Monday that the U.S. company could be slapped with a penalty of up to $2.5 million for a spill in northwestern Alberta […]
Trans Mountain pipeline project doesn’t meet B.C.’s 5 conditions, says minister
BC government continues to evaluate Trans Mountain pipeline project VANCOUVER _ Kinder Morgan is failing British Columbia’s test for proceeding with a proposed pipeline expansion, so far unable to prove it will meet key safety requirements or serve the province’s best interests, the environment minister says. Mary Polak said the company has not provided enough […]
Connacher maintenance accelerated, output cut by 20 per cent
Connacher reducing output during oil price slide CALGARY _ Connacher Oil and Gas Ltd. (TSX:CLC) says it will accelerate planned maintenance at its Great Divide oilsands operation near Fort McMurray, Alta., in light of currently low commodity prices. The Calgary-based company says its output will be reduced by about 3,000 barrels per day of bitumen, […]
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