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Tag Archives: Oil

Manitoba continues to monitor ongoing Imperial Oil pipeline repairs – Winnipeg

The province says its inspectors continue to closely monitor a damaged pipeline south of St. Adolphe, Man., and the potential impact it could have on Manitobans at the pumps. Imperial Oil has notified the province that repairs, which are slated to take three months, are on schedule. The pipeline, which …

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S&P/TSX composite up more than 200 points as price of oil rises

By Staff The Canadian Press Posted March 1, 2024 12:13 pm 1 min read Descrease article font size Increase article font size Canada’s main stock index was up more than 200 points in late-morning trading, helped by strength in the energy stocks as the price of oil moved higher. The …

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‘He’s determined’: Edmonton Oil Kings coach impressed by play of WHL prospect Joe Iginla

He’s only 15, but Joe Iginla — a hockey player with a last name synonymous with excellence in the sport — appears to have already gained some valuable insights about what it will likely take for him to excel in the game he’s passionate about. “(My dad pushes) work ethic …

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Canada secures surrender of all oil and gas permits in Pacific offshore

Descrease article font size Increase article font size Canada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said on Wednesday, after Chevron Canada CVX.N voluntarily relinquished 23 permits this month. Energy and Natural Resources Minister …

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Ottawa set to unveil long-promised emissions cap for oil and gas sector

By Staff The Canadian Press Posted December 7, 2023 7:31 am Descrease article font size Increase article font size The federal Liberals will finally provide details on their long-promised oil and gas emissions cap Thursday. The policy is a critical piece of Canada’s long-term emissions reduction plan but Thursday’s framework …

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Ottawa, province veto $1.5 million Nova Scotia offshore oil exploration bid – Halifax

By Staff The Canadian Press Posted December 5, 2023 10:37 am Descrease article font size Increase article font size A $1.5-million bid for an oil and gas exploration licence off Nova Scotia has been denied by the provincial and federal governments. The bid by U.K.-based Inceptio Limited for a shallow …

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Crescent Point plans $1.05B to $1.15B in development capital expenditures for 2024

By Staff The Canadian Press Posted September 11, 2023 8:43 am Descrease article font size Increase article font size Crescent Point Energy Corp. says it plans to spend $1.05 billion to $1.15 billion on development capital expenditures next year. Based on the plan, the company says it expects annual average …

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‘Previously unidentified’ landfill woes boost Trans Mountain pipeline costs

A Trans Mountain company report reveals new details about what triggered massive cost overruns within its pipeline expansion project, including problems it says were caused by an abandoned landfill site. Submitted to the Canadian Energy Regulator, the 47-page report states that construction crews encountered an “extreme risk” in the form …

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S&P/TSX composite down nearly 200 points as price of oil falls

By Staff The Canadian Press Posted May 30, 2023 11:45 am Descrease article font size Increase article font size Canada’s main stock index was down nearly 200 points as the price of oil fell and losses in the energy and base metal stocks helped lead the way lower. The S&P/TSX …

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Enbridge responds to Indigenous band’s challenge to Line 5 pipeline

By Staff The Canadian Press Posted May 17, 2023 11:48 am Updated May 17, 2023 11:49 am Descrease article font size Increase article font size Alberta-based Enbridge Inc. is pushing back hard against an Indigenous band’s efforts to shut down the cross-border Line 5 pipeline. The Bad River Band of …

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