Alberta’s top court upholds injunction against drug testing Suncor workers

The Alberta Court of Appeal has upheld an injunction that stops random drug and alcohol testing at Suncor Energy sites. A Court of Queen’s Bench judge granted the injunction last December after the union representing thousands of oilsands workers requested one. Unifor Local 707-A had argued that random testing violates workers’ rights and privacy. Suncor (TSX:SU) […]

Energy industry group calls for tax cuts and less regulation to restore competitiveness

The head of the group that represents Canada’s oil and gas industry is calling on the federal government to cut taxes and ease regulatory burdens to restore the energy sector’s competitiveness with the United States and other global producers. Tim McMillan, CEO of the Canadian Association of Petroleum Producers, says Canada is “falling behind” and […]

Enerplus beats expectations thanks to prices for North Dakota oil output

Higher prices for production from Enerplus Corp.’s North Dakota Bakken oil wells and lower costs helped the Calgary-based company beat analyst expectations for cash flow from operations in the fourth quarter. Enerplus, whose Canadian operations account for less than 20 per cent of its production, says improvements in transportation of its Bakken crude to market […]

Trinidad Drilling launches strategic review including possible sale

 Trinidad Drilling Ltd. has launched a formal strategic review of the company’s options, including a possible sale. The Calgary-based company (TSX:TDG) says its current share price does not reflect the value of the company despite improving industry fundamentals. The board has appointed a special committee of independent directors and hired financial and legal advisers. It […]

B.C. to appeal NEB ruling on Trans Mountain pipeline expansion

British Columbia’s government is appealing a decision that allows Kinder Morgan Canada to bypass local regulations in constructing its Trans Mountain pipeline expansion. The National Energy Board ruled in December that the company is not required to comply with two sections of the City of Burnaby’s bylaws, which Kinder Morgan had said were hindering its […]

Encana Corp. reports fourth-quarter loss, revenue up from year ago

Encana Corp. reported a loss of US$229 million in its most recent quarter, hit by a one-time non-cash deferred charge related to the corporate tax cuts in the U.S. late last year. The Calgary-based energy company, (TSX:ECA),  which keeps its books in U.S. dollars, says the loss amounted to 24 cents per share, compared with a […]

Cenovus quarterly earnings beat predictions on strong oil prices, refinery profits

Cenovus Energy Inc. is reporting higher fourth-quarter profits boosted by stronger oil prices, better-than-expected refinery profits and production that almost doubled after it bought out its American oilsands partner. The company reported net income of $620 million or 50 cents per share, well ahead of $91 million, or 11 cents per share, in the year-earlier […]

Suncor Energy increases Syncrude stake with $920 million deal

Suncor Energy Inc. has increased its stake in the Syncrude joint venture and acquired a stake in the Fenja Development, an offshore project in the Norwegian Sea, in a pair of deals. Under the first agreement, Suncor (TSX:SU) will buy Mocal Energy’s five per cent interest in Syncrude for approximately $920 million. The transaction will […]

B.C. premier says he won’t be distracted by Alberta’s wine ban

VICTORIA — British Columbia Premier John Horgan doesn’t intend to respond to any provocation from Alberta in the escalating trade dispute over the Trans Mountain pipeline. Horgan says he hope to see the end of the back-and-forth debate, saying he doesn’t think it is in anyone’s interests to have duelling premiers. The B.C. government is […]

Trans Mountain CEO calls on federal government to act in pipeline dispute

The head of Kinder Morgan Canada Ltd. has joined growing calls for the federal government to step into the dispute between Alberta and British Columbia over oil exports. Ian Anderson said Wednesday that he’s pleased to hear strong and continuous words of support from Prime Minister Justin Trudeau on the company’s Trans Mountain pipeline expansion […]

Trudeau to focus on ‘national interest’ in wake of Alberta boycott of B.C. wine

A day after Alberta announced a boycott of B.C. wine, prime Justin Trudeau said the federal government would stand up for what’s best for Canada. “We’re continuing to discuss and engage with the B.C. government, with the Alberta government,” the prime minister said Wednesday before his weekly caucus meeting. “We’re making sure we come to […]

Rachel Notley says B.C. will face consequences over plan to ban increased oil shipments

EDMONTON — Alberta Premier Rachel Notley says there will be consequences for British Columbia over the province’s latest attempt to hinder expansion of the Kinder Morgan Trans Mountain oil pipeline. Notley held an emergency cabinet meeting Wednesday to discuss what legal and economic levers Alberta can pull in its spat with its neighbour to the […]

B.C. spill regulations look to curb Kinder Morgan project

CALGARY — The B.C. government is creating more uncertainty around Kinder Morgan Inc.’s Trans Mountain expansion project with a proposal to restrict any increase in diluted bitumen shipments until it conducts more spill response studies. “The people of B.C. need to know that there is effective spill management across the province and, in particular, for […]

SeaRose FPSO vessel allowed to return to work on offshore oilfield for Husky

ST. JOHN’S, N.L. – Husky Energy Inc.’s SeaRose FPSO vessel has been cleared by the regulator to return to duty gathering, storing and offloading crude oil from an oilfield off the Newfoundland and Labrador coast. The Canada-Newfoundland and Labrador Offshore Petroleum Board says it has withdrawn the suspension ordered nine days ago following actions by […]

CP Rail seeks ’skin in the game’ from shippers to increase bitumen transport

Crude-by-rail shippers are being asked to sign multi-year, take-or-pay contracts that guarantee minimum volumes before Canadian Pacific Railway will assign locomotives and crews to help move a backlog of oilsands crude out of Western Canada. The railway wants its customers to have significant “skin in the game” before it commits to the costs involved in […]

NEB sets out dispute resolution process for Trans Mountain permits

The National Energy Board is setting up a process to resolve future permitting issues between Kinder Morgan Canada Ltd. and provincial and municipal authorities on the Trans Mountain expansion project. The NEB said Thursday that under the process, it will take about three to five weeks to reach a decision on future permitting disputes. The […]

Study defines link between fracking, earthquakes in northern Alberta

EDMONTON — Scientists have figured out how hydraulic fracking causes earthquakes in northern Alberta, but they have a way to go before they can use that knowledge to predict if it will cause temblors in other areas. “Right now, there isn’t a good solution for how to do that with induced earthquakes,” said Ryan Schultz […]

Stalled permits may delay Trans Mountain project by a year, says Kinder Morgan

Kinder Morgan Canada Ltd. said Wednesday that the Trans Mountain pipeline expansion project could be a year behind schedule as it continues to encounter permitting delays. The estimate is three months further behind from the company’s last estimate in December, and now potentially puts the $7.4-billion project in service by Dec. 2020 depending on regulatory, […]

Nexen charged in deaths of two workers in 2016 oilsands explosion

Nexen Energy is facing workplace charges following the deaths of two oilsands workers in northern Alberta. The men had been doing maintenance work in a hydrogen compressor building at the company’s Long Lake upgrader near Anzac on Jan. 15, 2016, when there was an explosion. Drew Foster, 52, of Niagara Falls, Ont., was pronounced dead […]

Renewable energy growing in Canada but solar power lags behind

Although the cost to build solar power has plummeted over the last decade, a new report suggests Canadians aren’t rushing use the sun to make electricity. The National Energy Board today released its annual look at the state of renewable energy in Canada and it says solar energy accounts for just 0.5 per cent of […]

Luxury sells as workcamps scrap for shrinking pool of oilsands employees

Driving by empty workforce accommodation camps along northern Alberta highways near Fort McMurray, the oilsands boom that became a bust still hits home three years after the slide began. The empty parking lots surround plain, functional-looking buildings made up of modular units stacked, stretched end-to-end or lined up like dominos, some complexes containing thousands of […]

Alberta goes airborne to monitor oilsands greenhouse gas emissions

Alberta has begun monitoring oilsands emissions from the sky. The province’s environmental monitoring agency is using airborne sensing equipment to measure the release of greenhouse gases and other chemicals from oilsands mines north of Fort McMurray — a program being expanded to cover all of Alberta’s heavy oil and bitumen production. “We’re trying to get […]

Cenovus Energy plans to cut 15 per cent of its workforce

Cenovus Energy Inc. says it is planning to cut about 15 per cent of its workforce as it looks to reduce costs next year. The company (TSX:CVE) says it expects to find savings in areas such as drilling performance, development planning and optimized scheduling of oilsands well start-ups. The cuts come as Cenvous says it […]

Canadian Natural Resources appoints new president to succeed Steve Laut

Canadian Natural Resources Ltd. is promoting a 27-year veteran of the company to president as part of a management succession plan. Canada’s largest producer of natural gas and one of its biggest oilsands companies says president Steve Laut will become executive vice-chairman in February and his current role will be filled by Tim McKay, an […]

Lawyer says political opposition to Trans Mountain pipeline has ‘poisoned the well’ in Burnaby

CALGARY — A lawyer for Kinder Morgan Canada says political opposition to the Trans Mountain project in Burnaby, B.C. has “poisoned the well” and disrupted the regulatory review process in the city. In a hearing at the National Energy Board, Maureen Killoran laid out arguments about how lengthy delays in permit approvals from the city […]

Days before key ruling, TransCanada’s Keystone pipeline leaks 795,000 litres of crude oil in South Dakota

TransCanada Corp. said its original Keystone pipeline has leaked an estimated 795,000 litres of oil in Marshall County, S.D. just days before Nebraska is set to decide the fate of plans to expand the pipeline network. The company (TSX:TRP) said its crews shut down the Keystone pipeline system Thursday morning between Hardisty to Cushing, Okla, […]

Obsidian Energy settles with U.S. Securities Commission over fraud charges

Obsidian Energy Ltd. says it has reached a US$8.5-million settlement with the U.S. Securities and Exchange Commission over fraud-related charges filed earlier this year. The SEC had alleged the company and three executives participated in a “multi-year accounting fraud” where hundreds of millions of dollars were moved from operating expense accounts to capital expenditure accounts […]

Cenovus agrees to sell Saskatchewan assets to Whitecap for $940M

Cenovus Energy Inc. says it is selling its majority stake in a Saskatchewan enhanced-oil recovery project to Calgary-based Whitecap Resources Inc. for $940 million. The deal is the last on a list of four asset sales the major oilsands producer vowed to complete to help pay for its $17.7-billion acquisition of most of the Canadian […]

Lexin Resources bankruptcy leads to millions in rising costs for Orphan Well Association

The cost of looking after hundreds of wells, pipelines and other oilfield gear left behind by bankrupt Lexin Resources Ltd. has exceeded $2 million and the bills continue to roll in, says Alberta’s Orphan Well Association. The association was handed responsibility for nearly 1,100 wells plus associated equipment after the Alberta Energy Regulator took the […]

1 2 3 6