Industry
Energy
General Fusion commissions AL_A to design fusion demonstration plant
Will showcase the Vancouver energy innovator’s magnetized target fusion.
45,000 L of oil spilled at Churchill Falls hydroelectric station in Labrador
From a transformer on Oct. 29 after a mechanical failure and a fire, cleanup ongoing.
Shell customers can offset carbon emissions for two cents per litre
Will help energy company to produce or buy offset credits to reduce net CO2 emissions from production, refining and burning of fossil fuels.
Methane emissions from oilpatch twice as high as thought: survey
Could complicate regulatory attempts to nearly halve releases over the next five years.
Biden win bad news for Keystone XL, but new relationship with Canada
Better aligned with Canada’s federal stance on climate change, could make Canadian companies more competitive with their US peers.
Tourmaline Oil buys two privately held oil and gas firms for $526M
Expects its production at the end of 2020 to be about 400,000 boe/d with the successful completion of the two acquisitions.
Hundreds of coal mining jobs to end as Transalta switches to natural gas
Will result in hundreds of mine job losses as employment drops to 40 to 50 people involved in reclamation work.
Husky Energy reports $7B loss in Q3, hit by impairment charges
Related to lower long-term commodity price assumptions and reduced capital investment.
Inquiry into Alberta oil and gas critics extended to Jan. 31
Looking at foreign interests bankrolling campaigns against fossil fuel development.
Husky pipeline spills 900K litres of produced water in NW Alberta
Leak was discovered on Oct. 26 in the Rainbow Lake area and some of the water spilled into nearby muskeg.
Cenovus targets up to 25% workforce reductions with Husky takeover
8,600 employees and contractors currently working at the two companies.
Suncor relocating its PetroCanada HQ to Calgary from Ontario
Shift to remain competitive by integrating the downstream business with the rest of the company.
Maxim Power switches from coal to natural gas near Grande Cache
GE Gas Power helps with the conversion, power plant now generates half the NOx emissions of coal.
Cenovus to buy Husky Energy for $3.8B in shares, Pourbaix is CEO
He says combined company will be better able to weather energy market volatility, generate more cash flow, reduce debt and cut costs.
Inquiry into oil and gas foes to deliver report next year: Kenney
Government contends foreign interests have been working to undermine the industry for years.
