Category: Energy

Canadian Natural Resources leak fouls aquifer

| December 21, 2014 | 0 Comments
Canadian Natural Resources leak fouls aquifer

Canadian Natural Resources “huff and puff” operations have had other releases in area A Canadian Natural Resources Ltd. operation that has contaminated a groundwater aquifer is renewing questions about a technology that has already been linked to another serious leak in northern Alberta. The Alberta Energy Regulator says Canadian Natural Resources reported a break in a […]

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Obama on the Republican Keystone bill: ‘I’ll see what they do,’

| December 20, 2014 | 0 Comments
Obama on the Republican Keystone bill: ‘I’ll see what they do,’

President Obama key player in Keystone debate U.S. President Barack Obama spent five minutes disparaging the potential benefits of the Keystone XL pipeline Friday. He then kept it alive with five words. At a wide-ranging year-end news conference Friday, Obama maintained his recent pattern of expressed skepticism about the project: He played down its job […]

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Burnaby seeks to force Kinder Morgan to pay for cleanup, policing

| December 18, 2014 | 0 Comments
Burnaby seeks to force Kinder Morgan to pay for cleanup, policing

Burnaby mayor Derek Corrigan wants Kinder Morgan to pay $1 million to $2 million policing costs The city of Burnaby, B.C. is asking the National Energy Board to hand Kinder Morgan a bill that could be worth more than $2 million for policing and cleanup costs after pipeline work was targeted by protesters last month. Environmental […]

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Low oil prices: Industry has survived worse than latest downturn

| December 18, 2014 | 0 Comments
Low oil prices: Industry has survived worse than latest downturn

Russ Girling says low oil prices don’t eradicate need to build pipelines The CEO of TransCanada Corp. (TSX:TRP) says he doesn’t see the oil industry’s appetite for new pipelines faltering even though crude prices have skidded to the lowest point in more than five-years. In an interview in his downtown Calgary office, Russ Girling said […]

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Canadian pipeline projects face litany of challenges heading into 2015

| December 18, 2014 | 0 Comments
Canadian pipeline projects face litany of challenges heading into 2015

Canadian pipeline projects faced mounting opposition in 2014 At an energy conference last month, Enbridge Inc. CEO Al Monaco was bemused so many people turned out to hear what he and other pipeline bosses had to say. “We never used to get invited anywhere,” he quipped, drawing chuckles from the crammed hotel ballroom in downtown […]

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Low oil prices: Oilpatch firms cut 2015 budges

| December 17, 2014 | 0 Comments
Low oil prices:  Oilpatch firms cut 2015 budges

Low oil prices force budget cuts at Penn West, Husky, MEG – share prices rise following announcement Three Canadian oil and gas firms say they’ll be reining in spending next year in the face of free-falling oil prices. Shares in Penn West Petroleum Ltd. (TSX:PWT), Husky Energy Inc. (TSX:HSE) and MEG Energy Corp. (TSX:MEG) were […]

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European fuel quality directive almost fails vote

| December 17, 2014 | 0 Comments
European fuel quality directive almost fails vote

European fuel quality directive will be voted on in 2015 Canadian oilsands exporters narrowly survived a vote in the European Parliament on Wednesday that could have once again penalized Alberta bitumen as dirty oil. A proposed fuel quality directive for European Union refineries has been the subject of a well-funded Canadian lobbying campaign for more […]

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B.C. green lights Site C dam to power future energy needs

| December 16, 2014 | 0 Comments
B.C. green lights Site C dam to power future energy needs

Site C dam will be the third dam on the Peace River The British Columbia government has approved its most expensive mega project with the construction of an $8.8 billion dam on the Peace River that Premier Christy Clark says marks a historic milestone that will be felt for a century. The controversial Site C dam […]

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Oilsands tailings reclamation could be sped up by solar energy

| December 16, 2014 | 0 Comments
Oilsands tailings reclamation could be sped up by solar energy

New technique could make oilsands tailings recovery faster and greener. By Tarwinder Rai for the University of Alberta News Cleaning up oilsands tailings could become a lot faster—and greener—thanks to a new technique developed by University of Alberta engineering professors that uses solar energy. Instead of using ultraviolet lamps as a light source to treat oilsands process […]

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Talisman, Repsol agree to multibillion dollar takeover deal

| December 16, 2014 | 0 Comments
Talisman, Repsol agree to multibillion dollar takeover deal

Total purchase price of Talisman Energy is $13 billion The CEO of Talisman Energy Inc. (TSX:TLM) says a multibillion-dollar takeover by Spanish energy giant Repsol is the best case scenario for shareholders in a gloomy oil price environment. The total purchase price is US$13 billion, US$8.3 billion for Talisman stock plus the assumption of its […]

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