Industry
Oil & Gas
Enbridge Q2 earnings slip as revenues plunge 40% due to COVID aftermath
Enbridge was expected to report 55 cents per share in adjusted profits on $12.5 billion in revenues
Enbridge reports stronger than feared Q2 Mainline oil transport volumes
The Calgary-based company reported second quarter net income of $1.65 billion
Prolonged oil industry slump leads to third cut in Canadian drilling forecast
The Petroleum Services Association of Canada says it now expects just 2,800 wells will be drilled in Canada this year
Deutsche Bank says it won’t back an new oilsands or coal project
It says its ban on oilsands financing, effective immediately, will include exploration, production, transport or processing
Canada’s liquefied natural gas industry expected to create new job opportunities: experts
The report analyzes the economic impact the LNG industry would have across the country
Kelt to sell BC Montney assets to ConocoPhillips for $510M
Eliminates debt with sale of producing and development assets in the region.
Environment minister reconsidering staying out of Alberta coal mine review
Vista mine began shipping coal for export in May 2019 and the company is now looking to double, or even triple its output.
Shell’s Quest carbon capture project hits milestone of five million tonnes
Quest opened in 2015 and cost about $1.35 billion, backed with $745 million from the Alberta government and $120 million from Ottawa.
Irving Oil cutting 250 jobs, 6% of workforce, due to the economy
Reductions will affect operations in Canada, the United States, Ireland and Britain.
Supreme Court dismisses Indigenous appeal of Trans Mountain approval
The court dismissed the appeal July 2 from the Squamish Nation, Tsleil-Waututh Nation, the Ts’elxweyeqw Tribes and Coldwater Indian Band, effectively ending the years-long legal battle over the project
Michigan judge allows restart of disputed Enbridge oil pipeline
Safety test to be conducted, energy company can keep it running subject to the results and further order of the court.
BP sells petrochemicals arm to Ineos for US$5B
The move is part of the oil giant’s plan to shift activities to renewable sources of energy
Alberta reinstating environmental monitoring in industry, oilpatch on July 15
Testing and reporting had been suspended due to the COVID-19 pandemic
Michigan asks judge to shut Enbridge pipeline in Great Lakes
Energy company insists Line 5 pipeline was not damaged, flow of oil and natural gas liquids resumed June 20.
Co-op, Unifor ratify seven-year deal after six-month labour dispute
Collective agreement includes wage improvements that meet standards agreed to by energy sector unions.
Feds relaxing new fuel standards short term, tougher by 2030
Producers will have to do more to green up their gasoline and diesel fuels starting in 2026.
Coastal GasLink set to lay first pipe as it ramps up LNG pipeline
Construction also begins this summer on a compressor and metering stations.
800 Enbridge staff take voluntary buyouts offered to cut costs
The Calgary-based pipeline company announced in May it would defer $1 billion in capital spending this year
Scientists criticize Alberta’s monitoring suspension, lack of consultation
Most of it could have been done safely, says Jay White, president of the Alberta Society of Professional Biologists.
Trans Mountain says pipeline has restarted after spill in Abbotsford, BC
Cause of the spill related to a fitting on a one-inch, or 2.5-centimetre, piece of pipe.
Alberta ends agency created to handle green rebates and programs
Will be folded into other departments or the current Emissions Reduction Alberta.
Alberta First Nations appeal suspension of monitoring in oilpatch
Appeal argues suspensions were made without any rationale linking specific activities to COVID-19 risks.
Oil and gas spending estimates adjusted lower as uncertainties persist
$23.3 billion to be invested in Canada this year, down from about $37 billion in a January forecast.
First Nations, environmentalists ask for restart of oilpatch monitoring
Companies no longer have to monitor fumes released by burning, or look for and repair leaks of methane, a greenhouse gas.
Trans Mountain reaches ‘key milestone’ as construction begins in BC
Will deliver about 300,000 barrels of petroleum products daily, but expansion will boost to 890,000 barrels.
BC swamped with funding applications to restore oil and gas wells: minister
The federal government announced in April BC would receive $120 million to clean up inactive oil and gas sites.
Gathering limits make it a ‘great time to be building a pipeline:’ Alberta minister
Sonya Savage said, “Now is a great time to be building a pipeline because you can’t have protests of more than 15 people”
Observers warn lawsuits likely if Democrat Biden cancels Keystone XL
Candidate’s comment represents a significant risk for the US$8-billion project.
Chiefs, governments to sign rights understanding after BC pipeline protests
Memorandum doesn’t address Wet’suwet’en opposition to the pipeline, part of a $40-billion LNG export terminal project in Kitimat.
Norway’s wealth fund excludes oil sands investments over GHG emissions
Canadian Natural Resources, Cenovus Energy, Suncor Energy and Imperial Oil are out.
BC lays out $120 million plan to clean up inactive oil and gas wells
Premier John Horgan says restoring more than 2,000 inactive oil and gas wells would support upwards of 1,200 jobs.
Imperial Oil reports dead birds on Alberta tailings ponds
Birds landed despite active deterrent systems including radar, noise cannons, eye-safe lasers and scarecrows.
