Keyword
natural gas
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Canada is falling behind in fierce global competition for oil and natural gas investment: report
Ottawa – Rising government costs, the burden of inefficient regulations, and the lack of infrastructure to move Canadian energy to growing markets are all undermining investor confidence in Canada and negatively affecting the country’s ability to attract the capital needed…
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TransCanada going ahead with $2.4 billion expansion of NGTL system
Calgary – TransCanada Corp. is going ahead with a $2.4-billion expansion of its NGTL natural gas system in Western Canada, the company said Thursday as it reported a swing to profitability in its fourth-quarter. The Calgary-based company reported net income…
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Jobs to blossom, production to grow under Manitoba potato plant expansion
Portage La Prairie, Man. – A major expansion project has been announced for a Manitoba potato-processing plant that’s expected to create about 90 new full-time jobs. J.R. Simplot Co. and the provincial government have outlined details of the $460-million expansion…
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Nova Scotia fracking ban to remain despite gas potential, premier says
Halifax – Despite an analysis that highlights the potential for billions of dollars worth of onshore gas in Nova Scotia, Premier Stephen McNeil says his government has no intention of lifting its ban on hydraulic fracturing. The Nova Scotia Onshore…
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Methane plan can cut emissions significantly by 2025, CAPP
The Government of Alberta has committed to reduce methane emissions by 45 per cent. Industry has a competitive plan to achieve this commitment in the most efficient way that will protect 7,000 jobs and balance environmental and economic priorities, according…
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Partners pull plug on Aurora LNG project near Prince Rupert for economic reasons
Calgary – In the latest setback to B.C.’s liquefied natural gas export industry prospects, the partners developing the Aurora LNG project say they are ending a feasibility study after four years. Nexen Energy, a Calgary-based subsidiary of Chinese oil giant…
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Toronto market edges higher while oil cracks US$50 per barrel mark
Toronto – Canada’s main stock index closed higher Monday on the strength of the base metals, financials and materials sectors as well as oil, which settled above the US$50 mark for the first time in more than two months. The…
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Petronas will not proceed with Pacific NorthWest LNG Project
Vancouver – Petronas and its partners have decided not to proceed with the Pacific NorthWest LNG project at Port Edward in British Columbia, Canada. The decision was made after a careful and total review of the project amid changes in…
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Canfor Pulp announces Northwood and Taylor Pulp Mill Energy projects
Vancouver – Canfor Pulp Products Inc. announced that it plans to undertake capital projects at its Northwood Northern Bleached Softwood Kraft Pulp mill located in Prince George, British Columbia, and its Bleached Chemi-Thermo Mechanical Pulp mill located in Taylor, BC.…
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Canada to reduce emissions from oil and gas industry
Calgary – The Government of Canada is committed to moving towards cleaner economic growth while reducing pollution and providing a healthy environment for our children and grandchildren. The Minister of Environment and Climate Change, Catherine McKenna, announced regulations to reduce…
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Constitution gives Ottawa right to impose carbon price on provinces: McKenna
Ottawa is completely within its rights to impose a carbon tax on any province because protecting the environment falls under federal jurisdiction, Environment Minister Catherine McKenna said Thursday. “Let me be very clear,” McKenna said in the foyer outside the…
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Nova Scotia companies vying for contracts as Sable gas field nears end of life
Halifax – The delicate task of dismantling the Sable Offshore Energy Project is set to begin next year, and local suppliers are lining up for a piece of the lucrative work. More than 100 companies attended a suppliers forum in…
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Canada’s natural gas extraction industry facing declining market share
Ottawa, March 20, 2017—Prospects for Canada’s natural gas producers continue to deteriorate as continued strength in U.S. production results in weaker demand for Canadian gas and low prices, according to The Conference Board of Canada’s latest Canadian Industrial Outlook: Gas…
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Machines replacing workers: fed budget to look at historic economic challenge
Washington – Canada’s federal budget will raise concern about workers being displaced en masse by new technologies. It’s arguably an under-told story of the last U.S. election – people often talked about Ohio and Pennsylvania’s coal miners and steel workers,…
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Government of Canada approves Towerbirch Pipeline Expansion Project
Ottawa – Canada’s Minister of Natural Resources, the Honourable Jim Carr, has announced the Government of Canada’s decision to approve NOVA Gas Transmission Ltd.’s (NGTL) Towerbirch Expansion Project subject to 24 binding conditions. The $439-million project will involve the construction…
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Oil prices expected to grow slightly in 2017
Calgary – Production cuts by members of the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC countries are expected to provide a short-term boost to world oil prices, but the effects will be offset to some extent by…
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Black & Veatch: Low prices, security concerns push natural gas industry to look inward
Overland Park, Kansas – Emerging global markets, liquefied natural gas (LNG) projects and increased coal plant retirements represent growing opportunities for the natural gas industry even as low-price conditions hinder capital investments. This outlook, found in Black & Veatch’s just-released…
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Highlights of British Columbia’s climate plan
Richmond, B.C. – Here are the highlights of B.C.’s Climate Leadership Plan released Friday. Under the plan, the provincial government will: _ Develop a strategy to reduce methane emissions. _ Introduce incentives to encourage companies to convert their vehicles to…
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Pipeline leak fouls creek near grizzly management area in northwestern Alberta
Calgary – A pipeline leak has spilled an estimated 380,000 litres of light petroleum within five kilometres of a provincially designated grizzly bear management zone in northwestern Alberta, and an undetermined amount of it has reached a nearby creek. Producer…
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Crude oil settles above US$50 a barrel for first time since July 2015
Toronto – Oil prices settled above US$50 a barrel for the first time in nearly a year on Tuesday, a sign that traders are confident that a balance can be struck between supply and demand in the global crude market.…