The Ontario Premier says the province is considering selling a stake in the provincial electricity transmission and distribution company Kathleen Wynne, Premier of Ontario, said today that the province is considering whether to sell a stake in Hydro One Inc., the province’s electricity transmission and distribution company. A provincial advisory panel is continuing to explore the option of offering a
2014 closed the largest capital program in the history of Bellatrix Exploration (ticker: BXE), and the results were evident on its latest reserves report issued on March 9, 2015. The totals, determined by an independent evaluation, showed proved reserves of 161 MMBOE and proved developed producing reserves of 74 MMBOE – respective increases of 30% and 37% compared to 2013.
Blackbird Energy of Alberta Canada announced two ‘significant’ discoveries at Elmworth Blackbird Energy (ticker: BBI) based in Calgary, Alberta, announced this week that its first two operated horizontal Montney wells on Blackbird’s 69 section land block at Elmworth, Alberta, Canada, have been successfully completed and tested. The wells separately targeted the Middle Montney and Upper Montney intervals. The company is
The Senate is unable to override the president’s veto of TransCanada’s (ticker: TRP) Keystone XL pipeline The Senate was unable today to override President Obama’s veto of a bill that would have allowed for the construction of the Keystone XL pipeline. President Obama vetoed the bill last month, saying the legislation “attempts to circumvent longstanding and proven processes for determining
Predicted investment growth of 30% set to come in 2015 for Canadian petrochemical industry The Chemistry Industry Association of Canada (CIAC) predicts a 30% growth of capital investments in 2015, up to $3.4 billion overall, according to a report from Petrochemical Update. The report cites Canada’s pro-business taxes, ample resources and energy infrastructure as reasons for the increased investment. David
Conference Board of Canada reports that B.C. will see the largest growth of any province in 2015 LNG projects would be “a game changer” The Conference Board of Canada released its Provincial Outlook: Winter 2015, and expects economic growth in British Columbia to outpace all other provinces in Canada. British Columbia’s economy grew by 2.8% in 2014, with growth in
The oil major withdrew an application for its Pierre River Mine, may reapply ‘when the time is right’ Royal Dutch Shell (ticker: RDSA) withdrew its regulatory application today for the proposed Pierre River Mine north of Fort McMurray, Alberta. The company said it made this decision in order to focus its attention on its existing oil sands operations. The project
Canadian Prime Minister Stephen Harper imposed new sanctions on Russia this week, including on Rosneft Stephen Harper’s government announced Tuesday the expansion of sanctions against Russia for its involvement in Ukraine. The expanded sanctions target Russia’s largest oil producer, Rosneft (ticker: RNFTF), as well as Rostec, which encompasses weapons, cars and metals. Canada had previously resisted sanctioning both companies because
The CEAA gives the go-ahead on construction of a LNG plant in Nova Scotia Liquid Natural Gas Limited’s (ticker: LNGLY; LNG Ltd.) Bear Head LNG facility has received a green light from the Canadian Environmental Assessment Agency (CEAA). The CEAA concluded the proposed design will be substantially the same as that which was previously submitted and approved under the Canadian
After Six Years, $8 Billion Keystone XL Awaits One Final Signature TransCanada Moving Ahead with $6 Billion in Other Capital Projects in 2015 Project start-ups may be lower than usual in the revamped commodity market, but TransCanada’s (ticker: TRP) operations are on the upswing. The Calgary-based pipeline company is moving forward with a CA$46 billion capital program through 2020, installing midstream
For Some Color on this Development, Oil & Gas 360® Interviewed Export Canada Economist Stuart Bergman Earlier this month, the European Parliament decided to reverse an earlier decision that labeled Canadian oilsands crude as “dirty oil,” removing barriers to refiners in the E.U. to import bitumen from Canada. For insight on what this decision means for Canada, Stuart Bergman, Assistant
Approval of the Keystone XL pipeline has passed the U.S. Congress, will head to the desk of President Obama The Republican-led Congress passed legislation regarding TransCanada’s (ticker: TRP) Keystone XL pipeline. In a 270-152 vote, Congress decided to approve the pipeline which has been on hold for more than six years. The bill will now make its way to the
