Oil Price The Trans Mountain Expansion Project, now finally completed after years of delays, is expanding access to markets for Canadian oil producers and is set to boost the price of Canada’s heavy crude oil for years to come, top executives at the major energy firms say. The expanded pipeline is tripling the capacity of the original pipeline to 890,000 barrels per
From Reuters Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12. Enbridge said in a notice to customers Monday afternoon it is working with federal and state officials investigating the incident and has not estimated when the damaged section
By Tyler Losier, Energy Reporter, Oil & Gas 360 Woodfibre LNG to deliver 0.75 Mtpa over 15-year period Woodfibre LNG, a wholly owned subsidiary of Pacific Oil & Gas Limited, has signed a binding sales and purchase agreement with BP Gas Marketing Limited, a wholly owned subsidiary of BP (stock ticker: BP), for the delivery of 0.75 Mtpa of LNG
From BNN/Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s cabinet approved the expansion of Trans Mountain, a state-owned pipeline that runs from Alberta to Vancouver. The line will add 590,000 barrels
Trans Mountain Expansion gets boost from British Columbia top appeals court ruling; could go to Supreme Court of Canada next Trudeau government pledged to buy Trans Mountain Expansion project from Kinder Morgan for $4.2 billion – has to make decision to proceed with purchase, or not, by June 18 From BNN Bloomberg British Columbia’s top appeals court ruled that the
From Reuters The new Alberta government has enacted a law enabling it to restrict the flow of oil and gas to neighboring British Columbia, raising the stakes in a dispute between Canada’s westernmost provinces over the Trans Mountain pipeline. Alberta Premier Jason Kenney and his United Conservative Party Cabinet, which took office on Tuesday, proclaimed the “Preserving Canada’s Economic Prosperity
Calgary-Based Blackbird Energy Inc. (stock ticker: BBI) announced record financial and operational results for the quarter ended October 31, 2018. Highlights from the Q1 2019 Results: Petroleum and Natural Gas Sales $7.4 million ($46.31/boe) of petroleum and natural gas sales during the three months ended October 31, 2018. Represents a 186% increase from the comparative three months ended October
Painted Pony Announces Fully-Funded 2019 Capital Budget
From Alaska Highway News Petronas Canada plans to electrify its operations in Northeast B.C. as it reaccelerates its drilling program and brings spending to $1 billion a year by 2022. The company, formerly Progress Energy, has been in a holding pattern since 2016 after spending three years appraising what proved to be more than 200 trillion cubic feet of natural gas reserves
Vancouver-based Kwispaa LNG, a subsidiary of Steelhead LNG, announced on October 17 that it submitted a project description to the British Columbia Environmental Assessment Office and Canadian Environmental Assessment Agency. According to the project description, Kwispaa is proposing to “develop, construct, and operate a liquefied natural gas (LNG) export facility at Nuumaqimyiis Bay (also known as Sarita Bay) in the
From The Star Amid fierce opposition from all over the province, at least one group of British Columbians is counting the federal government’s purchase of the Trans Mountain Pipeline project as an opportunity. They are the skilled tradespeople who believe the federal government will have to be a more accountable employer for the controversial energy project than Texas-based Kinder Morgan. Kinder
From CBC News Global demand is growing for LNG, providing lifeline for projects still in development The once sky-high aspirations to develop a liquefied natural gas (LNG) industry on Canada’s West Coast have crashed to the ground, but experts say the window of opportunity has yet to close as demand for the resource continues to rise around the globe. After several project
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