Top Results For: Trans Mountain pipeline

The federal government faces a potential loss on the sale of the Trans Mountain pipeline, Canada's parliamentary budget officer said in a new report on Friday, Nov. 8, 2024.

Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada's energy sector as promised, but questions linger about massive cost overruns.

Precision Drilling says its revenue was $477 million, up from $447 million in the prior year's quarter.

Enbridge's Mainline system is the largest pipeline system in North America, moving crude from Western Canada to markets in Eastern Canada and the U.S. Midwest.

Canada's largest oil and gas producer indicated earlier this year it would reallocate investment from its natural gas development program in favour of heavy crude oil wells.

In a statement, the City of Burnaby said it had finalized a 'community contribution agreement' with Trans Mountain that will deliver $20.1 million to the municipality

Canada is poised to see significant growth in Indigenous-related project financing, international credit rating agency Morningstar DBRS said.

Mike Hurley said Thursday that the $20.1 “community contribution agreement” is not a gag order, and that he and city councillors remain free to criticize the company.

The transaction will bring Canadian Natural's total current working interest in the operations to 90 per cent.

Horgan had been in the hospital for much of the past five months after being diagnosed with thyroid cancer in June. He was serving as Canada’s ambassador to Germany.

Revenue for the quarter was $429.2 million, up from $425.6 million during the same quarter last year.

The city says the risk of a catastrophic event is low but it wants to strike a balance that acknowledges an incident could occur.

Trans Mountain Corp. says CEO Dawn Farrell will become chair of the company's board Sept. 1.

The $720-million project under way at Imperial's Strathcona refinery is expected to have a capacity of more than one billion litres of renewable diesel annually.

Statistics Canada says May's real gross domestic product was up 0.2 per cent in the month. Manufacturing led growth in the month, offsetting a slowdown in retail.

Canada's largest oil and gas producer is postponing the start of production from some of its planned new natural gas wells due to persistent low prices.

The CEO of Cenovus Energy Inc. said the company's recent debt repayment milestone will not mean changes to its near-term strategy.

Critical infrastructure such as telecommunications has been affected by the wildfires that have raged through Jasper National Park and into the picturesque townsite itself.

The Jasper Park Lodge and Maligne Lodge are amongst the properties affected by the wildfire consuming parts of the mountain town in western Alberta.

The deal is backed by the Alberta Indigenous Opportunities Corporation.