“We’ve been waiting a long time,” Irving said in an interview with Postmedia Wednesday. “It will be a huge boost to our small businesses and restaurants.” Irving said he has had many conversations with the pipeline manufacturer, TC Energy,about necessary…
Tag: Energy
TC Energy says Keystone XL pipeline will lead to lower greenhouse gas emissions as opposed to other transportation
March 31 2020 5:19pm TC Energy CEO Russ Girling says the Keystone XL pipeline will be one of the safest and environmentally friendly ways to transport oil. ‘ }); } else { var rel_id = svp.releaseInfo.contentId+””; if( typeof gnca_social_share_collection[rel_id] !=…
‘We believe the timing is good’: Kenney cites current crisis for reasons to invest in Keystone pipeline now
March 31 2020 5:18pm Premier Jason Kenney says the ongoing COVID-19 pandemic and economic uncertainty in Alberta are the reasons why it’s the right time to invest in the Keystone XL pipeline. ‘ }); } else { var rel_id =…
Imperial Oil cutting spending plans for 2020 by $1 billion amid COVID-19 pandemic
By The Canadian Press Posted March 31, 2020 11:57 am Updated March 31, 2020 12:04 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Imperial Oil Ltd. is reducing its spending for this year…
TC Energy says it is going ahead with US$8 billion Keystone XL Pipeline
TC Energy Corp. gave the go-ahead for construction of its US$8-billion Keystone XL Pipeline project on Tuesday, with a helping hand from the Alberta government. The company said Alberta has agreed to invest approximately US$1.1 billion as equity in the…
Oilsands companies in the red as blended bitumen price dips below $4 per barrel
Oilsands producers are likely losing money or barely breaking even as prices for Western Canadian Select bitumen-blend crude dipped as low as US$3.82 per barrel on Monday, analysts said. Realized prices for bitumen likely crossed into negative territory as they…
Canadian environmental groups, unions, churches ask that potential oil bailout be for families, not companies
Some Canadian organizations are asking the federal government to focus any bailout of the oil industry on workers and families, not corporations. The request comes in an open letter to Prime Minister Justin Trudeau, released Tuesday morning and signed by…
Oil and gas companies taking steps to keep employees safe from COVID-19
On Monday, Alberta’s chief medical officer Dr. Deena Hinshaw addressed concerns being brought up regarding employees being in close quarters at work camps and construction sites amid the COVID-19 pandemic. She said each area is unique, however some basic steps…
Oilsands work camps prepare for possible COVID-19 influx
The census recorded more than 33,000 temporary workers living in camps for at least 30 days annually. More than 27,000 workers stay within a 70 km radius of Fort McMurray. In Fort McMurray, there are more than 3,500 commuters living…
CNRL cuts spending, salaries as more oil producers trim capital plan
Oilsands giant Canadian Natural Resources Ltd. is joining a lengthening list of oilpatch players who are cutting 2020 capital spending due to the COVID-19 pandemic and plunging oil prices. After markets closed Wednesday, it said it will cut its capital…