First Nations – Oil & Gas 360

First Nations Sick of Being Left Empty-Handed as Environmentalists Kill B.C. Energy Projects

March 9, 2018

From the Financial Post While opponents steal the limelight, scores of pro-development First Nations groups worry they’ll lose once-in-a-lifetime opportunities that could lift people out of poverty. Ellis Ross is filled with gut-wrenching dread as several major proposed energy projects unravel in British Columbia. The former chief counsellor of the Haisla Nation near Kitimat has laboured for more than 13 years

Suncor Energy Switches on Production at Fort Hills

January 29, 2018

Adds 194,000 barrel capacity Suncor Energy Inc. (ticker: SU) will steadily ramp up its Fort Hills production following the safe startup of secondary extraction on January 27, 2018. Fort Hills, which is located 90 kilometers north of Fort McMurray, has a capacity of approximately 194,000 BOPD, of which 103,000 BOPD is net to Suncor. As planned, the first of three

Suncor Energy: 2017 Production Update

January 4, 2018

Suncor Energy Inc. (ticker: SU) released end-of-year production numbers and provided an update to the Fort Hills dispute. Highlights Upstream production of 736,000 BOEPD Oil sands produced 447,000 bbls/d, including 6,000 bbls/d from Fort Hills Syncrude produced 325,000 bbls/d for the quarter, 174,000 bbls/d net to Suncor International E&P production of 115,000 BOEPD Bitumen upgrader operations ran at utilization rates

Another Proposed Canadian LNG Project Pulls the Plug

December 4, 2017

Malahat Nation and Steelhead LNG announced they are no longer exploring the proposed Malahat LNG project on the Malahat Nation-owned Bamberton Industrial Lands. The project as proposed would have included floating liquefaction facilities (with up to 6 mtpa capacity) moored to the shoreline and supporting land-based facilities. Steelhead LNG made the decision “after careful consideration and based on several factors

First Nations Complete Purchase of 49% Interest in Suncor’s East Tank Farm Development

November 22, 2017

Suncor Energy Inc. (NYSE: SU), Fort McKay First Nation (FMFN), and Mikisew Cree First Nation (MCFN) announced today the completion of the acquisition by FMFN and MCFN of a 49% partnership in Suncor’s East Tank Farm Development for total proceeds of $503 million. Fort McKay First Nation is composed of over 800 band members with approximately 400 members residing in

After 10 Years of Research, Canada’s Nipissing First Nation Gives Thumbs Up to NatGas Project

May 31, 2017

First Nation group wants gas to replace burning wood, oil to heat homes After enduring higher costs while burning wood and oil for heat during 10 years of research and discussions, Canada’s Nipissing First Nation (NFN) held a ground breaking ceremony yesterday to mark start of construction of long-needed natural gas infrastructure in several of its communities. “It has been a long

Aboriginal and Environmental Groups Hope to Use Enbridge Precedent to Stop $36 Billion LNG Project

October 26, 2016

Groups plan to file lawsuits to stop BC LNG First Nations groups are planning to sue the federal government and the majority stake-owner of the Pacific NorthWest LNG project, Petronas, in order to halt the project on British Columbia’s northern coast. The $36 billion project includes a pipeline and terminal, and was conditionally approved by Canada’s federal government last month

Report: “Reality of First Nations Engagement” in the Western Canadian Energy Sector

June 21, 2016

First Nations Engagement to Create “New West” for Canada’s Energy Sector

TransCanada Signs Three More First Nations Agreements for $4.8 Billion, 2-3 Bcf Natural Gas Pipeline

December 10, 2015

TransCanada now has nine project agreements with First Nations groups as part of the Coastal GasLink project TransCanada (ticker: TRP) announced today that the company has signed three new agreements with First Nations groups in connection to the company’s Coastal GasLink pipeline project. Coastal GasLink is proposing to construct and operate a 670-kilometer natural gas pipeline from the Groundbirch area

B.C. First Nation Postpones Vote on $1.6 Billion LNG Plant

July 30, 2015

Squamish First Nation conditions can be met, just need time to work out the details The Squamish First Nation has postponed a vote over a proposed $1.6 billion liquefied natural gas (LNG) plant in its traditional territory while it negotiates with the project’s backers during an environmental review. The Squamish Nation is undertaking an independent environmental assessment, which will be

B.C. Releases Details on $36 Billion Tax Deal with Pacific NorthWest LNG

July 7, 2015

Pacific NorthWest LNG will be exempt from tax hikes for 25 years British Columbian Finance Minister Mike de Jong released the details of the province’s deal with Petronas-led Pacific NorthWest LNG (PNW LNG) in order to attract a Final Investment Decision (FID) on the company’s liquefied natural gas (LNG) project. B.C. will compensate PNW LNG for any raises on the

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