Industry
Oil & Gas
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.
Oil producers sustaining billions of dollars in asset impairments
Husky CEO says supply and demand will collide “in a very messy way” this quarter.
No short term end to oil price slump hitting Alberta: premier
Kenney says reduced demand for oil and gas during the pandemic, coupled with a destructive price war between Saudi Arabia and Russia, has left the world awash in oil
Trans Mountain, LNG Canada on track despite pandemic
Energy economist says the long-term forecast for both natural gas and oil remains steady.
China buys crude as prices collapse, adding to stockpiles
Gives Beijing a chance to insulate the country against possible supply disruptions.
Alberta’s failed oil and gas bailout a warning to feds: report
Says $1.1 billion invested in small and midsize oil and gas companies – one went bankrupt, more likely to follow as share prices tank.
Energy sector shutting down oil production as low crude oil prices persist
More producers join a growing list of companies reducing spending and cutting production.
Plunging oil prices point to ‘deep collapse’ in sector: drilling firm CEO
Kevin Neveu of Precision Drilling says spending on oil and gas exploration will fall even further from already-depressed levels because of pricing signals.
Husky cuts production by 80,000 bpd, Canadian total 365,000 bpd
Also cutting $700 million in capital budget, second reduction following an earlier cut of $900 million and $100 million in other spending.
Negative oil price plunge a short term anomaly, limited impact: analysts
Drop in West Texas Intermediate near-month contract prices below negative US$37 per barrel is due to unique circumstances.
Oilpatch bailout focuses on abandoned wells cleanup, reduced emissions
Government plans to spend $1.7 billion in Alberta, Saskatchewan and British Columbia.
Tribes press judge to halt US Canada pipeline as work starts
Plans for construction camps housing up to 1,000 workers each cited as a risk to tribes struggling with basic health care services amid potential COVID-19 outbreaks.
Freeze carbon tax, delay new climate regs during virus crisis: CAPP
Cites need to maintain safe and essential operations as industry follows health guidelines, environment critics see an attempt to curb environmental regulations.
US judge cancels permit for Keystone XL pipeline from Canada
Said the US Army Corps of Engineers failed to adequately consider effects on endangered species such as pallid sturgeon.
