Chevron in talks to sell minority stake in Kitimat LNG project: sources

Among the parties in talks with Chevron for a possible stake in the Canadian LNG project are Petronas, the sources said

by John Tilak, Ernest Scheyder and David French, Financial Post, March 5, 2018

TORONTO/HOUSTON — Chevron Corp is exploring options including the sale of a minority stake in its Canadian liquefied natural gas (LNG) project as it pushes ahead, three people familiar with the matter told Reuters.

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Canadian Indigenous leaders travel to see Ecuador environmental disaster

“This is how much money I made working with oil pipelines in Canada.”  Phil Fontaine, right, speaks to Indigenous leaders in Ecuador Wednesday. (Karen Hinton/Submitted)

The group hopes to ally with 60 Indigenous tribes in Ecuador to help them fight Chevron in Canadian court

By Brandi Morin, CBC News, September 27, 2017

Canadian Indigenous leaders witnessed first hand this week the devastation and pollution left behind by oil companies in Indigenous lands in Ecuador.

“What we’ve witnessed here is tragic…shocking,” said former Assembly of First Nations (AFN) leader Phil Fontaine, speaking from Quito via telephone.

Shell says it will proceed with B.C. energy plans despite political uncertainty

by Dan Healing, The Canadian Press, June 6, 2017

CALGARY — Royal Dutch Shell will forge ahead with its energy development plans in British Columbia regardless of the uncertainty swirling around the province’s political future, says the company’s Canadian country chair.

Energy investments in B.C. have been cast into doubt after the May 9 provincial election that saw the Liberals win 43 seats and the NDP take 41— a situation that gives the Green party the balance of power with their three seats.

Haisla Nation in tough waiting game as LNG delayed

Haisla chief councillor Ellis Ross with a view in the background of his community and Douglas Channel in the fall of 2014. At the time, community members had jobs to pick from as preliminary work for potential LNG projects was underway and Rio Tinto was in the midst of a major upgrade project on its aluminum smelter in Kitimat. Now, Haisla members are leaving town to look for work as LNG projects are in limbo and the aluminum plant project is complete. Gordon Hoekstra / Vancouver Sun

by Gordon Hoekstra, Vancouver Sun, May 27, 2016

The Haisla Nation, which supports two of the leading proposed major LNG projects in B.C., is in a tough waiting game as the projects remain in limbo.

Activity on both the $25-billion to $40-billion Shell-led LNG Canada project and the $12-billion Chevron-led Kitimat LNG project proposed for the Kitimat area in northwest B.C., where the Haisla claim traditional territory, have slowed to a crawl.

Setback for Kitimat LNG as Shell postpones investment decision

This rendering of the proposed project shows two of the LNG trains. (LNG Canada/flickr)

Shell announces earnings down 44 per cent on low oil and gas prices

By Karin Larsen, CBC News, Feb 04, 2016

The huge LNG Canada export project proposed for Kitimat appears to have suffered a setback with Royal Dutch Shell announcing it will postpone its final investment decision.

The announcement comes on the heels of Shell releasing 2015 fourth-quarter results which show a 44 per cent slump in earnings due largely to the slump in oil prices.

Shell’s B.C. LNG project gets environmental OK under expedited process

A liquefied natural gas tanker arrives at Sodegaura city in Chiba prefecture, east of Tokyo. There were conditions placed on marine routes and speeds after an environmental assessment of the LNG Canada project. (STR/AFP/Getty )

1st project to be approved under combined provincial and federal process

CBC News, June 18, 2015

Royal Dutch Shell’s proposed liquefied natural gas project in Kitimat, B.C., has received conditional environmental approvals from both the province and the federal government under an expedited environmental review process.

Under the new Canadian Environmental Assessment Act passed in 2012, British Columbia performs the environmental review process and that assessment is used by the federal government when it gives its approval.

Chevron puts brakes on Kitimat LNG project

 California-based producer is significantly slowing spending amid a crash in crude prices and global competition

By Rebecca Penty and Joe Carroll, Vancouver Sun, Jan 30, 2015

Chevron Corp. is significantly slowing spending on the Kitimat liquefied natural gas project in Canada amid a crash in crude prices and global competition.

The San Ramon, California-based producer’s move follows Petroliam Nasional Bhd.’s December delay of a final investment decision on its C$36 billion ($28 billion) Canadian LNG project and BG Group Plc’s pause of development at its Pacific Coast proposal in the country in October.

B.C. child welfare program offer to First Nation backfires over LNG ties

Members of Unis’tot’en camp, November 2012.

Justine Hunter, The Globe and Mail, Oct. 15 2014

A ham-fisted attempt to win First Nations support for the province’s liquefied natural gas ambitions has backfired, threatening support for the Pacific Trail pipeline needed to bring natural gas to Kitimat for a proposed LNG plant.

The Wet’suwet’en hereditary chiefs have returned a cheque to the province and have backed away from a proposed agreement on the pipeline after the B.C. Ministry of Aboriginal Relations and Reconciliation linked its LNG offer to continued funding for vulnerable children in the northern coastal community.

Apache Corp., under investor pressure, exiting Kitimat LNG project

Banner at solidarity rally with Unis’tot’en camp, Vancouver 2012.

By Lauren Krugel, The Canadian Press,  July 31, 2014

CALGARY – A liquefied natural gas project planned for Kitimat, B.C., faces an uncertain future after one of its U.S. partners announced plans to get out of the LNG business.

Apache Corp. said in its second-quarter news release that it plans to ditch the Kitimat LNG project, which it was developing alongside Chevron Corp., as well as the Wheatstone LNG project in Australia.

The Houston-based company has been under pressure from activist hedge fund Jana Partners LLC to restructure.

TransCanada to build $1.9 billion pipeline link for Kitimat LNG project

Members of Unis’tot’en camp, November 2012.

Vancouver Sun/The Canadian Press, June 4, 2014

TransCanada Corp. has announced plans to build a $1.9-billion pipeline to help deliver natural gas to an LNG project proposed by Chevron and Apache near Kitimat.  The Calgary-based company now has four major natural gas pipelines planned in the region totalling $12.6 billion in investment.

The Merrick Mainline Pipeline Project will run 260 kilometres from Dawson Creek, in ‘s resource-rich northeast, to Summit Lake, where Chevron and Apache’s Pacific Trail Pipeline begins.  Pacific Trail will deliver gas the rest of the way to the coast, where the resource will be chilled into a liquid state and exported abroad via tanker.