Alberta Energy Regulator has promised watch licence transfers to ensure purchasers are able to cover reclamation costs.
TC Energy will operate the pipeline at a reduced pressure with a gradual increase in the volume of crude oil.
Estimated abandonment and reclamation bill associated with wells, pipeline segments and other assets is $81.5 million.
To startup its $675-million, 50,000-barrel-per-day Christina Lake phase G oil sands expansion project.
Foreign companies have also taken billions of dollars with them as they left the Canadian oilpatch.
EY report says rapid adoption could also cause an 11% spike in Canadian electricity demand.
Company is laying off staff as it aligns its workforce with the capital plan and strategy.
Reaction suggests the widely predicted election outcome was baked into heavily discounted energy stock prices.
Will focus on improving the reputation of Alberta’s oil and gas sector.
Has reduced its tolerance threshold for companies with interests in the oil sands from 30% to 5%.
The pipeline system’s current operating model, which makes space open to all bidders on a monthly basis, expires in June 2021.
Global oil prices fell on the news as forecasts predict a coming economic slowdown and a renewed supply glut.
Economic growth reduced to 3% for 2019 and 3.1% for 2020, down 0.1% in each year.
Will provide steam generation required for Suncor’s extraction and upgrading operations.
Will examine the calibre of the federal government’s consultations.