02 August

Construction continues on the Trans Mountain pipeline expansion at the Westridge Terminal in Burnaby, BC Thursday, July 2, 2020. There was no oil tanker traffic out of Burrard Inlet in July, according to figures released by a group opposed to the federal government’s Trans Mountain pipeline expansion. The statistics show that during the first six […]

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02 August

A major insurance company dropped coverage for the Trans Mountain expansion project, an oil pipeline seen as vital to the growth of Canada’s oil sands. Under pressure from environmental groups and growing global concerns about climate change, insurance companies are beginning to drop coverage for large-scale energy infrastructure. Swiss insurance company Zurich announced on Wednesday […]

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02 August

Lacombe County council is opposed to a Province of Alberta proposal to change how oil and gas wells, pipelines and associated machinery and equipment are assessed for property tax purposes. If approved, the changes would significantly impact residents and businesses in Lacombe County, either by significantly higher municipal taxes, reductions in services, or a combination […]

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01 August

LANSING, Mich. (AP) — A webinar is scheduled to help keep the public informed about the application permitting process for Enbridge Energy’s Line 5 tunnel project. The webinar will start at 6 p.m. Thursday, according to the Michigan Department of Environment, Great Lakes, and Energy (EGLE). Enbridge has proposed building a utility tunnel under the […]

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01 August

Image source: The Motley Fool. Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Dave Hughes — Vice President-Investor Relations & Manager Good morning, everybody. Thank you for joining us on our second quarter earnings call. To start, I’m just going to introduce the senior management here in our virtual room. We have Brad […]

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31 July

A crude oil pump during a sunset. (Pixabay.com) A plan to give Alberta’s energy industry a break on municipal property taxes could cause a dramatic loss in revenue for rural municipalities. The Province of Alberta is proposing changes to way oil and gas operations are assessed. There are four different scenarios proposed with one of […]

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31 July

TransCanada Corp. president and CEO Russ Girling addresses the company’s annual meeting in Calgary, Friday, April 27, 2018. The CEO of TC Energy Corp. says it is developing a plan to guard against the spread of the COVID-19 virus as it moves ahead with site preparation and planning for the US$8-billion Keystone XL Pipeline project. […]

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31 July

CALGARY, Alberta – Imperial Oil Limited (TSX:IMO): Net loss of $526 million primarily driven by lower Upstream realizations and Downstream margins Managed operational and financial impacts of COVID-19 Optimized turnaround activities at key assets with significant cost efficiencies Reduced year-to-date production and manufacturing expenses by over $450 million versus 2019 Year-to-date capital expenditures on track […]

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31 July

Total announced they will be writing off $9.3B in Canadian oil sands assets and cutting ties with the Canadian Association of Petroleum Producers. Tim McMillan, president and CEO of that association joins BNN Bloomberg for reaction to this move and what it means for the oil and gas sector. Total writing off Canadian assets for […]

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31 July

CALGARY, Alberta (AP) _ Imperial Oil Ltd. (IMO) on Friday reported a second-quarter loss of $379.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Calgary, Alberta-based company said it had a loss of 52 cents. The results topped Wall Street expectations. The average estimate of four […]

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