Industry
Energy
TransAlta acquires a stake in EMG and its wastewater technology
PurEffluent produces a biogas stream that can be used as fuel to generate electricity.
Environment groups fight KXL despite Biden’s promise to block pipeline
The cite international banks lined up to back the projects as evidence they are far from dead.
Federal officials hear arguments on Enbridge pipeline tunnel
Canadian pipeline company wants to drill a nearly 6.4-kilometre tunnel through bedrock under the Straits of Mackinac.
Cardinal Energy jumps on billionaire Edwards’ increased investment
Proceeds of the private placement are to be used to repay 5.5% subordinated convertible debentures maturing on Dec. 31.
Layoffs at Husky worksite after company gets $41.5M in public cash
Will leave just 10 skilled tradespeople at a site that once employed 2,700.
Funding for General Fusion from US Department of Energy
Potential to improve the quality of the plasma used to create fusion.
Hydrogen’s future murky despite home heating projects in Alberta, Ontario
Will take time and government support to overcome cost competitiveness, lack of infrastructure.
How to cut global emissions, boost the economy
Exporting LNG to displace coal is a powerful way to lead in helping to reduce global emissions.
Baytex Energy sets lower capital budget for 2021
Spending of between $225 million and $275 million next year.
Enbridge starts construction on Line 3 in Minnesota
Energy company is replacing the deteriorating pipeline, built in the 1960s, runs at only half its original capacity.
Imperial Oil to lay off 200 workers following cost cutting analysis
Also reduced the number of contractors it employs by about 450 since the start of the year.
May be no need for Trans Mountain expansion: Canada Energy Regulator
Under an evolving scenario, Line 3 alone is enough added capacity to handle an 15% increase before peaking in 2039.
Imperial Oil to end Syncrude services contract as Suncor takes over
Switching operatorship a sign the oil sands mining industry has evolved from a high-cost and risky, to more proven and predictable.
Fossil fuels declining, but still big in Canada’s energy use by 2050: report
Even with many more policies to curb emissions, oil and gas would still make up nearly two-thirds of energy sources.
US Army Corps of Engineers approves key Line 3 permit
It’s compliant with all federal laws and regulations, decision is based on balancing development with protecting the environment.
Suncor agrees to begin operating Syncrude by end of next year
Agreement required from Imperial Oil Resources, CNOOC Oil Sands Canada and Sinopec Oil Sands Partnership.
Public could be on the hook for costs of decommissioning NL offshore
…but how much of it will be borne by taxpayers is not public information.
Boralex signs $283M deal for control of seven US solar power plants
Operations were commissioned between 2014 and 2017 with long-term power purchase agreements.
Boralex consolidates ownership in three wind farms with CDPQ stake
They have long-term power purchase agreements with Hydro-Quebec Distribution, expiring between 2032 and 2033.
Drilling forecast calls for 14% rebound in 2021 from depths of 2020
The Canadian Association of Oilwell Drilling Contractors expects 3,771 wells to be drilled next year.
Small nuclear reactor plan laying out key actions coming in a few weeks
Proponents consider them ideal as part of the regular electricity grid and remote locations, but critics point to radioactive waste.
TC Energy says Keystone XL pipeline fits Biden agenda
Forging ahead with construction despite president-elect’s vow to rip up the presidential permit allowing it to cross the border.
Why oil and gas are fundamental to Canada
$493 billion in energy revenues paid to governments since 2000 is more than family allowance and children’s benefits since 1970.
Natural Law Energy inks deal with TC Energy to invest in Keystone XL
Indigenous group represents four First Nations in Alberta and one in Saskatchewan.
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.
