Trump’s sanctions on Iran are affecting the market.
Last week, a US judge blocked a permit for TransCanada’s Keystone XL project and ordered officials to conduct a new environmental review.
The project would increase tanker traffic seven-fold in Burrard Inlet off Metro Vancouver’s coast.
Enbridge has said it wants to get its pipeline capacity up to 80 per cent after the unexplained explosion near Prince George last month.
Encana will assume US$2.2 billion of Newfield debt.
Plans include approximately 197 kilometres of large diameter pipeline.
Total Canadian electricity generation will increase by about 12 per cent from 2017 to 2040.
Helping drive the growth was the mining, quarrying and oil and gas extraction sector which rose 0.9 per cent.
While the link between fracking and earthquakes is well-established, precisely how that link works remains mysterious.
Opposition United Conservative Leader Jason Kenney accused Premier Rachel Notley’s government of failing Alberta.
The bump was attributed to higher oil prices and streamlined operations.
The firm will obtain a listing on the TSX Venture Exchange through a reverse takeover of Phoenix Canada Oil Company Ltd.
Reports indicate a gas leak caused the explosion south of Grande Prairie near Musreau Lake on Tuesday night.
Oil firm sold its Trans Mountain assets to Ottawa for $4.5 billion in a deal that closed Aug. 31.
MEG says the offer “significantly undervalues” its shares and is not in the best interests of the company.