Category Archives: Oil & Gas
Jim Snyder, Financial Post/Bloomberg News, October 27, 2014
Falling oil prices have energized opponents of the proposed Keystone XL pipeline.
U.S. benchmark crude has tumbled 10% this month, closing at $81.01 a barrel in New York trading last week, and further declines are forecast. At $75, a government analysis said producers may be discouraged from developing Canada’s oil sands without pipelines like Keystone.
“It changes the narrative quite a bit,” Anthony Swift, an international lawyer at the Natural Resources Defense Council in Washington, said of the tumble in crude prices. Read the rest of this entry
By Julie Gordon, Huffington Post/Reuters, Oct 21, 2014
VANCOUVER, Oct 21 (Reuters) – A Western Canadian pipeline once seen as the best near-term hope for sending more of the country’s controversial tar sands crude to Asia has hit another snag: aboriginal communities intent on using the courts to block the proposed expansion.
Kinder Morgan Energy Partners’ C$5.4 billion ($4.8 billion) Trans Mountain expansion would twin a 60-year-old line running from the oil-rich province of Alberta to the coastal city of Vancouver, tripling its capacity.
The pipeline expansion had been seen as sure bet because it uses an existing route. But a surge in municipal opposition in recent months has fueled industry worries that it will enter legal and regulatory limbo along with the unbuilt TransCanada Corp Keystone XL and Enbridge Inc Northern Gateway pipelines.
As earnings season approaches, analysts weigh investment prospects for next year
CBC News, Oct 20, 2014
The falling price of oil will likely result in a round of project cancellations and disappointing results in the Canadian oilpatch, analysts say.
As oil companies bring in third quarter earnings, starting toward the end of this week, they’re facing oil priced at just above $80, down about 20 per cent since June of this year.
Today West Texas Intermediate oil contracts seem to have stabilized at $82.71 US a barrel, down four cents on the day. That’s up from the lows below $80 set last week. Western Canada Select, the price received by many Canadian oil producers, is at $69.10.
“When the price falls to where it is now, certainly a lot of crude oil producers are having a second look at future projects for expanding the oilsands until they see where things shake out,” says Michael Ervin, of petroleum consultancy M.J. Ervin & Assoc. Read the rest of this entry
NEB hearings underway to hear Aboriginal oral evidence into Kinder Morgan’s proposed oil pipeline, that would cross dozens of rivers sacred to First Nations.
Trina Roache, APTN National News, Oct 16, 2014
The RCMP’s watchdog is looking into hundreds of complaints stemming from protests against fracking in New Brunswick late last year. The Mi’kmaq led the fight was against provincial government sanctioned shale gas exploration by SWN Resources Canada.
Calls to the Commission for Public Complaints against the RCMP started to roll in as far back as July, 2013. And when the RCMP raided a Mi’kmaq Warrior camp on the morning of Oct. 17, it triggered violent clashes with police. By the end of the day, RCMP snipers in camouflage with rifles were hiding in the tall grass, 40 people were arrested and six police cars were set on fire. Read the rest of this entry
Dozens of anti-shale gas protesters were arrested during months of protests in Kent County
CBC News, Posted: Oct 14, 2014
The independent Commission for Public Complaints Against the RCMP is investigating complaints about police conduct during the shale gas protests in Kent County.
Commission staff members are in New Brunswick as a part of the watchdog agency’s investigation, which was prompted following the violent clashes between the RCMP and anti-shale gas protesters in eastern New Brunswick last year. Read the rest of this entry