Category Archives: Oil & Gas

Oilsands producers face harsh reality of rout: There’s no one to save them this time

Imperial Oil’s Kearl mine needs an average U.S. crude price of about $85 a barrel over its decades-long lifespan to earn a return. Photo: Financial Post.

Imperial Oil’s Kearl mine needs an average U.S. crude price of about $85 a barrel over its decades-long lifespan to earn a return. Photo: Financial Post.

Jeremy van Loon and Rebecca Penty, Bloomberg News/Financial Post, March 23, 2015

The collapse in the market for Canada’s heavy crude below $30 a barrel last week is hammering home a harsh reality for the nation’s oil-sands producers: There’s no one to save them this time.

Unlike previous market crashes that were relatively short- lived, the combination of persistent oversupplies and weakening demand are dealing a severe setback to what’s been one of the biggest growth stories in global energy markets. Oilsands companies such as Suncor Energy Inc. already have been rethinking major developments that can require more than $10 billion in investment. Now even existing projects are barely covering costs or in a losing position. Read the rest of this entry

Masked protesters allegedly steal Kinder Morgan equipment on Burnaby Mountain

A Kinder Morgan vehicle with its windows smashed, Burnaby Mountain, March 23, 2015. Photo: Metro News.

A Kinder Morgan vehicle with its windows smashed, Burnaby Mountain, March 23, 2015. Photo: Metro News.

By Emily Jackson, Metro Vancouver, March 23, 2015

The battle between protesters and Kinder Morgan flared up on Monday after masked men allegedly broke into a vehicle on Burnaby Mountain to steal surveying equipment.

“I understand that a window was smashed on one of the contractors vehicles and some surveying equipment was taken by a masked man who we believe has previously interfered with the survey work we’ve been undertaking,” Trans Mountain Pipeline spokeswoman Lizette Parsons Bell said. Read the rest of this entry

SWN Resources granted one-year extension to search for shale gas in New Brunswick

RCMP surround "thumper" seismic testing vehicles contracted by SWN Resources, Nov 14, 2013.

RCMP surround “thumper” seismic testing vehicles contracted by SWN Resources, Nov 14, 2013.

CTV Atlantic, March 16, 2015

SWN Canada has just been granted a one-year extension on licenses they have to look for shale gas in New Brunswick.

The company’s licenses were set to expire today, but the New Brunswick government granted SWN Resources permission to extend their search.

“While a license to search gives the holder rights to the area in question, it is subject to government’s proposed moratorium on hydraulic fracturing. The moratorium will remain in place until our five conditions are addressed and the risks to our health, water and environment are fully understood,” says Energy and Miners Minister Donald Arseneault. Read the rest of this entry

CSIS helped government prepare for expected Northern Gateway protests

Logo of the Canadian Security Intelligence Service (CSIS).

Logo of the Canadian Security Intelligence Service (CSIS).

Release comes amid heightened concern over new powers proposed in anti-terror bill

By Jim Bronskill, The Canadian Press/CBC News, March 17, 2015

Canada’s spy agency helped senior federal officials figure out how to deal with protests expected last summer in response to resource and energy development issues — including a pivotal decision on the Northern Gateway pipeline.

The Canadian Security Intelligence Service prepared advice and briefing material for two June meetings of the deputy ministers’ committee on resources and energy, documents obtained under the Access to Information Act show.

The issue was driven by violence during demonstrations against natural-gas fracking in New Brunswick the previous summer and the government’s interest in “assuming a proactive approach” in 2014, says a newly declassified memo from Tom Venner, CSIS assistant director for policy and strategic partnerships. Read the rest of this entry

Train carrying crude oil derails near Gogama, Ont.

CN Railway train derailed near Gogoma, Ontario, March 7, 2015.

CN Railway train derailed near Gogoma, Ontario, March 7, 2015.

This is the 4th train derailment in northern Ontario this year

CBC News, Mar 07, 2015

Several cars have caught fire after a Canadian National Railway train carrying crude oil derailed in northern Ontario, prompting officials to advise nearby residents to stay indoors and avoid consuming water from local sources.

Ontario Provincial Police were called to the scene at approximately 2:45 a.m. ET. The Transportation Safety Board said 30 to 40 cars derailed four kilometres southwest of Gogama, Ont., and there were no initial reports of injuries

Several cars have caught fire, police said, and others entered the Mattagami River System. Read the rest of this entry

Hard life lessons fuel Elsipogtog man’s passion to stop frackers

Kenneth Francis, a member of the Elsipogtog First Nation, is planning on launching a legal challenge to prevent fracking on Aboriginal territory in New Brunswick. (Credit: Ann Pohl).

Kenneth Francis, a member of the Elsipogtog First Nation, is planning on launching a legal challenge to prevent fracking on Aboriginal territory in New Brunswick. (Credit: Ann Pohl).

Inspired by the victory of B.C.’s Tsilhqot’in Nation, Kenneth Francis of New Brunswick’s Elsipogtog First Nation wants to lead his people into court

RCMP claim of B.C. anti-pipeline extremists shocks native, environmental leaders

RCMP report 14Report makes ‘false inferences,’ borders on ‘misguided hysteria’

Shell pulls plug on long-delayed oil sands mine

Gogama crude oil spill worries nearby Mattagami First Nation

CN rail cars carrying oil derailed on Feb 14, 2015.

CN rail cars carrying oil derailed on Feb 14, 2015 near the community of Mattagami First Nation in northern Ontario.

Cleanup continues at the site of a CN train derailment northwest of Gogama, Ont.

CBC News, Feb 19, 2015

Mattagami First Nation is sounding the alarm about a CN rail spill near the community.

The First Nation said Saturday’s derailment involving 29 crude oil tankers occurred on its traditional territory, located 40 kilometres north of the community.

Ontario’s Regional Chief Stan Beardy is advocating for the community to make sure the site is cleaned, as he’s concerned about the spill causing environmental damage. Read the rest of this entry

Canadian mounties’ secret memo casts doubt on climate change threat

RCMP meme 1Intelligence report identifies anti-petroleum movement as a threat to Canadian security and suggests those concerned with climate consequences occupy political fringe

by Suzanne Goldenberg, The Guardian, Feb 18, 2015

The US security establishment views climate change as real and a dangerous threat to national security. But Canada takes a very different view, according to a secret intelligence memo prepared by the Royal Canadian Mounted Police (RCMP).

The memo, stamped “Canadian eyes only”, repeatedly casts doubt on the causes of climate change – the burning of fossil fuels – and its potential threat.

Read the rest of this entry

Follow

Get every new post delivered to your Inbox.

Join 752 other followers