Category Archives: Oil&Gas
TC Energy files legacy NAFTA claim; seeks $15B in damages after KXL cancellation
CALGARY — TC Energy says it will seek more than US$15 billion from the U.S. government in the wake of President Joe Biden's cancellation of the Keystone XL pipeline's damage permit. The Calgary-based company says it launched a claim under the
Report calls for public takeover of old oil and gas wells to fund their cleanup
Most of Alberta's energy wells no longer hold enough oil and gas to pay for their cleanup and the public should take them over to ensure their remaining revenue funds remediation, a new report concludes. "It is a radical idea," said
Alberta should focus on innovation to attract U.S. investment, says Washington envoy
CALGARY — Alberta must position itself as a clean energy leader to move forward in the aftermath of the Keystone XL pipeline cancellation, Alberta's trade envoy to Washington said Friday. “We can make a very strong argument for further investment in
N.L.’s troubled Terra Nova offshore oilfield saved by last-minute restructuring
CALGARY — The beleaguered Terra Nova oilfield off the coast of Newfoundland and Labrador could live to pump another day after its owners reached a restructuring agreement in the eleventh hour Wednesday. The oilfield's seven owners will shuffle their sh...
N.L. oil workers gather in last-ditch effort to save Terra Nova offshore oilfield
ST. JOHN'S, N.L. — About 100 oil workers gathered outside Newfoundland and Labrador’s legislature Monday, a day before Suncor Energy was expected to announce whether the Terra Nova offshore oilfield will be shut down for good. Though union leaders and ...
Auditor scolds Alberta over mine cleanup fund, how province handles polluted sites
EDMONTON — Alberta's auditor general is criticizing the government for failing to fix problems pointed out six years ago in a program that's supposed to guarantee coal and oilsands mines clean up after themselves. Doug Wylie says there's so much confu...
Alberta finance minister defends $1.3B loss on Keystone XL as ‘calculated decision’
EDMONTON — Alberta’s finance minister says the province's $1.3-billion investment of taxpayers’ money in the now-defunct Keystone XL oil pipeline project was a prudent gamble given the potential payoff in profits and jobs. “We did commit to delivering ...
Keystone XL pipeline project cancelled by TC Energy after over a decade of delays
CALGARY — Another Canadian oil pipeline has bitten the dust after TC Energy Corp. said it was walking away from the Keystone XL pipeline project, ending a decade-plus battle that pitted the energy industry against environmentalists as oilsands producer...
A timeline of the controversial Keystone XL pipeline project
July 2008: TC Energy Corp. — then called TransCanada Corp. — and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major extension to the network. The expansion, dubbed Keystone XL, would carry hundreds of thousands of barrels of oilsand...
Does Canada need another pipeline, feds ask days after Biden cancels Keystone XL
OTTAWA — Federal officials were asking themselves how many pipelines does Canada really need in the days after U.S. President Joe Biden cancelled Keystone XL. The query was posed in a briefing note from Natural Resources Canada and released to The