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Tag Archives: Alberta oil sands

Canada to tell world it’s serious about climate change, says PM

OTTAWA – Canada will tell a green summit next week that it is finally ready to tackle climate change, Prime Minister Justin Trudeau said on Monday after a meeting with the country’s provinces to work out a national strategy. Trudeau’s Liberals won an election last month promising radical change on the environment from the previous Conservative administration, which was widely ...

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Canada’s Alberta to introduce economy-wide carbon tax in 2017

CALGARY – The Canadian province of Alberta, home to the country’s controversial oil sands, said on Sunday it will implement an economy-wide tax on carbon emissions in 2017, addressing long-standing criticism it is not doing enough to combat climate change. The provincial government estimated the plan, including a pledge to phase out pollution from coal-fired electricity generation by 2030 and ...

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Without Keystone, industry must find new paths for oil

TORONTO — Following the Obama administration’s rejection of the Keystone XL pipeline, the oil industry faces the tricky task of making sure the crude oil targeted for the pipeline still gets where it needs to go. The pipeline, first proposed by TransCanada Corp. in 2008, was projected to carry 800,000 barrels a day of crude from Canada and North Dakota ...

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TransCanada’s 3rd-qtr profit top estimates; Keystone system helps

CALGARY – TransCanada Corp, the company behind the controversial Keystone XL pipeline, reported a better-than-expected quarterly profit on Tuesday, helped by rising revenue and higher income from its existing Keystone systems. Earnings before interest, taxes, depreciation and amortization from TransCanada’s Keystone pipeline system rose 32 percent to C$363 million (US$275.90 million) in the third quarter, helped by higher uncontracted volumes ...

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Hundreds more oil sands staff evacuated on Alberta fire threat

CALGARY, Alberta – Statoil ASA, MEG Energy Corp and Cenovus Energy Inc evacuated hundreds of workers from three oil sands projects in northeastern Alberta on Tuesday as wildfires raged through the key crude-producing region. The latest evacuations are in addition to project shutdowns by Cenovus and Canadian Natural Resources Ltd over the weekend, as companies rushed to remove staff from ...

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Left turn in Canada’s oil-rich Alberta stuns energy industry

CALGARY, Alberta – Canadian oil and gas shares tumbled and the country’s main stock index hit a one-month low on Wednesday after the left-wing New Democratic Party surged to power in the oil-rich province of Alberta on promises that included energy industry reforms. “Even now our inboxes are filling with messages expressing something between disbelief and dismay,” analyst Andrew Bradford ...

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TransCanada seeks U.S. permit on Upland line as Keystone XL waits

CALGARY, Alberta – TransCanada Corp , whose controversial Keystone XL pipeline project has waited more than six years for U.S. approvals, is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada. The company, Canada’s No. 2 pipeline operator, said it applied on Wednesday for a presidential permit for its planned Upland pipeline, ...

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Oil’s price plunge could raise Keystone carbon footprint – EPA

WASHINGTON, Feb 3 – Oil prices have dropped so low that the Keystone XL pipeline could play a bigger role in the development of Canada’s oil sands and raise greenhouse gas emissions, Obama administration environmental regulators said. The U.S. Environmental Protection Agency’s comments in a letter to the State Department give weight to President Barack Obama’s view that the controversial ...

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Oil industry swashbucklers hit by war, disease and shale boom

pumpjack

CALGARY, Alberta, Nov 24 (Reuters) – The world has become a more difficult place for the small, intrepid Canadian oil explorers that roam the globe hunting for the next big petroleum discovery. Like the big-game hunters that once ranged Africa, these small-cap explorers and producers (E&Ps) call their quest for billion barrel-plus oil deposits “elephant-hunting,” and for many the thrill ...

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Who is the typical oil worker? TL looks at the men behind the stereotype

roughneck

Lydia Gilbertson | Shale Plays Media Google+ Target Logistics recently released a white paper report that outlines the demographics and health issues of mobile workers in the energy industry, primarily in the Alberta tar sands in Canada and the Bakken oil fields in North Dakota. The paper discusses who these people are and why they are motivated to become mobile workers. Many people ...

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