Alberta has passed landmark legislation giving it sweeping power to intervene in oil and gas exports that could result in punitive price spikes in British Columbia in the dispute over the Trans Mountain oil pipeline expansion. Continue reading
Finance Minister Bill Morneau will provide an update Wednesday on the status of his talks with Kinder Morgan to expedite the Trans Mountain pipeline expansion — but he is not expected to announce a deal. Continue reading
Canadian oil producers are pocketing higher profits as a rise in world oil prices meshes with an improving supply-demand balance that has reduced the price discounts they faced earlier this year. Continue reading
Natural Resources Minister Jim Carr says he is absolutely certain Canada and Kinder Morgan will come to a financial agreement that will convince the pipeline builder to proceed with the Trans Mountain expansion before a May 31 deadline. Continue reading
Canada’s oilsands production could grow to the point that its emissions exceed the Alberta government’s cap of 100 million tonnes per year by 2030, according to a forecast from the Canadian Energy Research Institute released Monday. Continue reading
Two Indigenous leaders from British Columbia say they will travel to pipeline builder Kinder Morgan’s annual general meeting in Texas this week. Continue reading
The CEO of Crescent Point Energy Corp. is vowing to work harder to address complaints after shareholders rejected four dissident directors at its annual meeting on Friday, but refused to support the company’s approach to executive pay. Continue reading
The U.S. government has fined Enbridge Inc. more than $1.8 million USD after accusing the Alberta-based oil transport company of missing deadlines for pipeline inspections following a gigantic oil spill in southwestern Michigan. Continue reading
The chief executive of Encana Corp. says the company will ramp up output from its U.S. and Canadian oil and gas fields this year after it reported first-quarter operating earnings and production that missed analyst expectations. Continue reading
Cenovus Energy Inc. says it will consider slowing development of a 50,000-barrel-per-day oilsands expansion project that it started building early last year if there isn’t meaningful progress on increasing pipeline capacity out of Alberta. Continue reading
