Post Tagged with: "British Columbia"

Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

From Reuters Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12. Enbridge said in a notice to customers Monday afternoon it is working with federal and state officials investigating the incident and has not estimated when the damaged section of pipe will return to service. The U.S. National Transportation Safety Board has assumed control of the incident site in Kentucky and Enbridge said it is supporting that investigation. The blast, near Danville, Kentucky, was the second so far this year on the Texas Eastern system following an explosion in Ohio in January that injured at least two people. It was also the third big blast for Enbridge in less than a year following an explosion in British Columbia on its Westcoast system in October. Traders noted the Kentucky blast[Read More…]

Source: Woodfibre LNG

Canadian LNG Company Signs SPA with BP

By Tyler Losier, Energy Reporter, Oil & Gas 360 Woodfibre LNG to deliver 0.75 Mtpa over 15-year period Woodfibre LNG, a wholly owned subsidiary of Pacific Oil & Gas Limited, has signed a binding sales and purchase agreement with BP Gas Marketing Limited, a wholly owned subsidiary of BP (stock ticker: BP), for the delivery of 0.75 Mtpa of LNG over a 15-year period. The first delivery from Woodfibre’s LNG export facility, to be located approximately 7 kilometers west of Squamish, British Columbia, is expected to occur in 2023. In addition to the SPA, Woodfibre is also working with BP Canada to develop an agreement for BP to provide gas transportation and balancing services to help ensure reliable delivery of LNG over the co… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Canadian Prime Minister Justin Trudeau

Trudeau Cabinet Greenlights Trans Mountain Pipeline Expansion

From BNN/Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s cabinet approved the expansion of Trans Mountain, a state-owned pipeline that runs from Alberta to Vancouver. The line will add 590,000 barrels of daily shipping capacity, a 15% boost to Western Canada’s current 4 million. Trudeau said the crown corporation responsible for building the pipeline hopes to have shovels in the ground in the current construction season. “Take a look at my record, and you’ll see that I’ve talked about the importance of developing our resources for a long time,” Trudeau said at a press conference in Ottawa. But “in order to get the job done, Canada needed to have its act together on the environment.” For years, Trans Mountain has been[Read More…]

B.C.’s Top Appeals Court Rules: Province Can’t Restrict Alberta Oilsands Crude Shipments Across B.C. to Vancouver for Export

B.C.’s Top Appeals Court Rules: Province Can’t Restrict Alberta Oilsands Crude Shipments Across B.C. to Vancouver for Export

Trans Mountain Expansion gets boost from British Columbia top appeals court ruling; could go to Supreme Court of Canada next Trudeau government pledged to buy Trans Mountain Expansion project from Kinder Morgan for $4.2 billion – has to make decision to proceed with purchase, or not, by June 18 From BNN Bloomberg British Columbia’s top appeals court ruled that the province doesn’t have the jurisdiction to restrict shipments of oil-sands crude, giving a boost to Prime Minister Justin Trudeau’s bid to complete the controversial Trans Mountain pipeline expansion. Premier John Horgan’s government is seeking to amend B.C.’s Environmental Management Act so that the Pacific Coast province has greater powers to regulate the transit of heavy oils like diluted bitumen from neighboring Alberta. The government had sought the opinion of the B.C. Court of Appeal on whether the proposed legislation falls within its powers under Canada’s constitution. Crosses the line between[Read More…]

May 24, 2019 - 3:17 pm Closing Bell Story, Energy News, Finance, Midstream, Oil Sands
Alberta Enacts Law That Could Cut Energy Flows to British Columbia

Alberta Enacts Law That Could Cut Energy Flows to British Columbia

From Reuters The new Alberta government has enacted a law enabling it to restrict the flow of oil and gas to neighboring British Columbia, raising the stakes in a dispute between Canada’s westernmost provinces over the Trans Mountain pipeline. Alberta Premier Jason Kenney and his United Conservative Party Cabinet, which took office on Tuesday, proclaimed the “Preserving Canada’s Economic Prosperity Act” as its first order of business, Kenney told reporters at a news conference on Wednesday. The legislation, dubbed the “turn off the taps” act, was passed but not enacted by the province’s previous, left-leaning New Democratic Party government last year in retaliation for British Columbia opposing the expansion of the Trans Mountain pipeline. Trans Mountain carries crude from Alberta’s oil sands to the British Columbia coast. The expansion would triple capacity to 890,000 barrels per day, but has been held up for years by regulatory delays. Kenney, who won[Read More…]

Blackbird Energy Announces Record Results

Blackbird Energy Announces Record Results

Calgary-Based Blackbird Energy Inc. (stock ticker: BBI) announced record financial and operational results for the quarter ended October 31, 2018.   Highlights from the Q1 2019 Results: Petroleum and Natural Gas Sales $7.4 million ($46.31/boe) of petroleum and natural gas sales during the three months ended October 31, 2018. Represents a 186% increase from the comparative three months ended October 31, 2017. Realized condensate and oil prices of $76.57/bbl for the quarter. Approximately 72% of total revenues were attributable to high-quality liquids production during the quarter.   Production During the three months ended October 31, 2018, the Company achieved a record average total production rate of 1,736 boe/d comprised of 47% liquids. During the quarter: Produced 5.5 mmcf/d of natural gas 723 bbls/d of condensate and oil 98 bbls/d of NGLs 2 boe/d of non-core production. Produced for approximately 84 days during the first quarter of 2019 compared to 92[Read More…]

December 27, 2018 - 4:22 pm Canada, Closing Bell Story, International
Painted Pony Releases Fully-Funded 2019 Capital Budget

Painted Pony Releases Fully-Funded 2019 Capital Budget

Painted Pony Announces Fully-Funded 2019 Capital Budget

Petronas Plans $1 Billion Annual Spending for North Montney Ramp Up, Electrification in Northeast B.C.

Petronas Plans $1 Billion Annual Spending for North Montney Ramp Up, Electrification in Northeast B.C.

From Alaska Highway News Petronas Canada plans to electrify its operations in Northeast B.C. as it reaccelerates its drilling program and brings spending to $1 billion a year by 2022. The company, formerly Progress Energy, has been in a holding pattern since 2016 after spending three years appraising what proved to be more than 200 trillion cubic feet of natural gas reserves in its North Montney holdings, and prompted it to re-evaluate its liquefied natural gas project planned for Prince Rupert. Though it cancelled Pacific NorthWest LNG, the company has spent the last two years retooling its strategy to develop its massive reserves for the long-term, executives told a Fort St. John Chamber of Commerce audience Tuesday night. “We also looked at what other people were doing across the industry and in the United States as well, and we want to thank you for your patience during this time. We know it’s[Read More…]

November 29, 2018 - 1:23 pm Canada, Closing Bell Story, Energy News, LNG
Another British Columbia LNG Export Facility Moves Forward

Another British Columbia LNG Export Facility Moves Forward

Vancouver-based Kwispaa LNG, a subsidiary of Steelhead LNG, announced on October 17 that it submitted a project description to the British Columbia Environmental Assessment Office and Canadian Environmental Assessment Agency. According to the project description, Kwispaa is proposing to “develop, construct, and operate a liquefied natural gas (LNG) export facility at Nuumaqimyiis Bay (also known as Sarita Bay) in the Alberni Inlet on Vancouver Island, British Columbia (BC).” Source: Steelhead LNG The filing of the project description will establish the scope of environmental assessment for the project, specifically whether an environmental assessment is required, whether the project is to be reviewed through a substituted process, … Login or click here to subscribe

October 19, 2018 - 5:41 pm Canada, Closing Bell Story, LNG
Skilled Tradespeople of B.C. Hopeful for Trans Mountain Future

Skilled Tradespeople of B.C. Hopeful for Trans Mountain Future

From The Star Amid fierce opposition from all over the province, at least one group of British Columbians is counting the federal government’s purchase of the Trans Mountain Pipeline project as an opportunity. They are the skilled tradespeople who believe the federal government will have to be a more accountable employer for the controversial energy project than Texas-based Kinder Morgan. Kinder Morgan’s plans indicated it would hire or contract thousands of construction workers across Alberta and B.C. to expand the pipeline. But B.C. skilled trades union leaders have criticized the company for not hiring their members, who they argue are the most highly trained and qualified, and instead choosing to contract with companies using both union and non-union construction workers. The International Union of Operating Engineers, which has provided labour for the majority of National Energy Board approved pipeline projects in the last 60 years, has argued Kinder Morgan’s approach would[Read More…]

June 1, 2018 - 3:18 pm Canada, Closing Bell Story, Energy News
Faint Breath of Life to Move Canadian Gas to Asia: Three LNG Export Projects Still on the Books

Faint Breath of Life to Move Canadian Gas to Asia: Three LNG Export Projects Still on the Books

From CBC News Global demand is growing for LNG, providing lifeline for projects still in development The once sky-high aspirations to develop a liquefied natural gas (LNG) industry on Canada’s West Coast have crashed to the ground, but experts say the window of opportunity has yet to close as demand for the resource continues to rise around the globe. After several project delays and cancellations, the LNG industry has struggled to take off in British Columbia. Meanwhile, the sector is blossoming in the United States as natural gas pipelines and LNG facilities are constructed. “Today, we export LNG to 27 nations on five continents,” said U.S. Secretary of Energy Rick Perry in a speech last week at CERAWeek, the global energy conference, in Texas. Some of the natural gas exported from the United States is produced in Canada and transported south by pipelines. U.S. LNG exports surging LNG exports from the U.S. were about 100 million[Read More…]

March 14, 2018 - 2:28 pm Closing Bell Story, Energy News, LNG
Canada’s Natural Gas Production Climbs: Alberta Leads

Canada’s Natural Gas Production Climbs: Alberta Leads

Marketable natural gas production in Canada totaled 13.4 billion cubic meters in September, up 3.6% from the same month a year earlier, Canada’s statistics bureau said. Alberta (73.4%) and British Columbia (24.2%) continued to account for most of Canadian production in September. In August, natural gas transmission pipelines received 533.6 million gigajoules of natural gas from fields, gathering systems and plants. This amount is unchanged compared with the same month in 2016. Alberta maintained 73.8% and British Columbia held 24% of production in August. Natural gas transmission and distribution systems delivered 200.8 million gigajoules to industrial, 16.2 million gigajoules to commercial and institutional, and 14.3 million gigajoules to residential consumers in August. Alberta delivered natural gas amounting to 136.9 million gigajoules in August. 95.3% was delivered to the industrial sector and these deliveries accounted for 56.4% of the natural gas consumed in Canada. In Ontario, 39.9 million gigajoules of natural[Read More…]

December 13, 2017 - 12:50 pm Canada, Closing Bell Story, Energy News, Oil and Gas 360 Articles
Pacific NorthWest LNG Project Delayed for Another 3 Months

Pacific NorthWest LNG Project Delayed for Another 3 Months

Ottawa asks for extra time for environmental assessment of Pacific NorthWest LNG Malaysia’s state-owned Petronas has hit yet another hurdle on the road to developing its Pacific NorthWest LNG project in British Columbia, Canada. The Canadian Environmental Assessment Agency (CEAA) requested three extra months to review the project, reports Reuters. The Canadian government in Ottawa said it remains committed to reaching a final decision on the project this year. The CEAA was original set to deliver its environmental assessment report by March 22, but the agency said it needed more data from the project’s backers after they handed over a series of documents and observations March 4. Pacific NorthWest LNG has faced a number of obstacles as the project waits for approval ranging from environmental concerns to worries that the plant’s placement could impact a critical salmon habitat. The Petronas project has been in the regulatory process for nearly three[Read More…]

March 21, 2016 - 3:57 pm Canada, Closing Bell Story, LNG, Oil and Gas 360 Articles
B.C. First Nation Postpones Vote on $1.6 Billion LNG Plant

B.C. First Nation Postpones Vote on $1.6 Billion LNG Plant

Squamish First Nation conditions can be met, just need time to work out the details The Squamish First Nation has postponed a vote over a proposed $1.6 billion liquefied natural gas (LNG) plant in its traditional territory while it negotiates with the project’s backers during an environmental review. The Squamish Nation is undertaking an independent environmental assessment, which will be legally binding, reports CTV News. The First Nation group says that the review is the first of its kind in British Columbia and that the project’s backers, Woodfibre LNG and FortisBC, have agreed to participate. Last month, the Squamish issued 25 conditions it wants met before it grants its own environmental certificate. Woodfibre is licensed to export about 2.1 million tons of LNG per year, for a period of 25 years, according to the company. The company expects the project will provide 100 full-time jobs at the facility during operation,[Read More…]

July 30, 2015 - 4:42 pm Canada, LNG, Oil and Gas 360 Articles
Source: Royal Dutch Shell

B.C. Releases Details on $36 Billion Tax Deal with Pacific NorthWest LNG

Pacific NorthWest LNG will be exempt from tax hikes for 25 years British Columbian Finance Minister Mike de Jong released the details of the province’s deal with Petronas-led Pacific NorthWest LNG (PNW LNG) in order to attract a Final Investment Decision (FID) on the company’s liquefied natural gas (LNG) project. B.C. will compensate PNW LNG for any raises on the LNG industry for a 25-year period after the plant begins shipments, reports CBC. While explaining the $36 billion deal, de Jong said that PNW LNG will be compensated if taxes on the industry are raised, natural gas tax credits are reduced or new carbon taxes targeting the LNG sector are imposed, but the agreement will not protect the company from increases in provincial sales and corporate taxes. “It provides a measure of stability that says to them, ‘here are the rules of the game that will govern this industrial activity[Read More…]

July 7, 2015 - 6:59 pm Canada, LNG, Oil and Gas 360 Articles
British Columbia Expected to Lead Provinces in Economic Growth

British Columbia Expected to Lead Provinces in Economic Growth

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 2015 expected to reach 2.9%. In addition to the nearly 3% economic growth, the report is also bullish on real domestic product growth, with the forecast calling for 2.7% increase from real GDP in 2014. While some provinces are expected to be negatively impacted by the sharp fall in oil prices since last June, only two of the ten provinces are expected to see negative growth. Ontario, Manitoba and B.C. are all expected to lead economic growth in Canada in 2015. The strong growth in B.C. is expected to come[Read More…]

February 23, 2015 - 6:09 pm Canada, Oil and Gas 360 Articles
Exxon to Invest $25 Billion in BC LNG

Exxon to Invest $25 Billion in BC LNG

Exxon and its Canadian partners have filed to move forward on a new LNG project in western Canada ExxonMobil (ticker: XOM) and its Canadian partner Imperial Oil Ltd. (ticker: IMO) have taken a step forward in the process of developing the WCC LNG project in British Columbia, Canada. WCC LNG filed an environmental assessment and project description for its proposed project on January 7, initiating the environmental pre-approval process for the liquid natural gas (LNG) project. While filing for an environmental assessment is still a relatively early phase in the process of constructing a LNG terminal, the move indicates XOM’s intention to continue moving forward with the project, which could represent a $25 billion investment for the company. Pius Rolheiser, a spokesperson for Imperial Oil, told CBC news that “potential investment would depend on a range of factors, including outlooks for long term markets, competitive fiscal arrangements [and] the general[Read More…]

January 14, 2015 - 6:15 pm Canada, Oil and Gas 360 Articles