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Propane-to-plastic pellets project receives $49M from Ottawa

March 8, 2019

A $3.5-billion project to turn Alberta propane into plastic pellets for the manufacture of consumer products is to receive $49 million from the federal government. Ottawa told Canadian Press the money provided to Calgary-based Inter Pipeline Ltd. through the $1.6-billion Strategic Innovation Fund

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BP taps ABB to be one of its main contractor for upstream capital projects

March 8, 2019

BP have appointed ABB as one of its global Main Electrical Contractors (MEC) for the provision of engineering, procurement and construction of electrical equipment for BP Upstream Major Capital Projects. “Adding value to our customers is at the heart of

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Salmon habitat to recover after two years from pipeline work

March 8, 2019

Work on a Trans Mountain pipeline crossing in a British Columbia stream altered habitat for young salmon, but the creek is expected to return to normal in one to two years, says Fisheries and Oceans Canada. According to Canadian Press,

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MEG to double down on crude-by-rail shipments

March 8, 2019

Oil sands producer MEG Energy says it has doubled its crude-by-rail shipments and will double them again to maximize prices in view of insufficient pipeline export capacity from Western Canada. The Calgary-based company told Canadian Press that steep discounts for the

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Pengrowth Energy enters 11th hour, unable to renegotiate high debt load

March 7, 2019

Pengrowth Energy Corp. has launched a strategic review that could include the sale of the company after failing to renegotiate its high debt load amid plunging western Canadian oil prices late last year. The Calgary-based company, which has reduced production

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STEP Energy cuts staff as oil sands activity continues to languish

March 6, 2019

Another Calgary-based oilfield services company is reporting job cuts as activity in Canada slows due to lower oil and gas producer spending. STEP Energy Services Ltd. told Canadian Press it cut 13 per cent of its administrative staff in early

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JETI finds new support in court action against Canadian, U.S. pipeline and gas companies

March 6, 2019

JL Energy Transportation Inc. (JETI) today announce that it has obtained third-party funding from Bentham IMF Capital Limited (Bentham), the Canadian arm of leading global litigation funder IMF Bentham, for license and patent infringement claims against an alliance of major

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Bank keeps rates as is as economic growth numbers falter

March 6, 2019

The labour productivity of Canadian businesses fell by 0.4 per cent in the fourth quarter as output remained steady while the hours worked rose, Statistics Canada said on Wednesday. Business activity remained unchanged after nine consecutive quarterly increases, according to

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Ottawa pledges support for 2,100 western Canadian steelworkers

March 6, 2019

Ottawa today announced a $40-million investment in a $112.6-million project that will create 35 jobs and maintain more than 2,100 steel and aluminum jobs in western Canada. “Canadian steel producers and workers form the economic backbone of communities across our country,” says the Minister of

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Obama speaks in Calgary, addresses polarizing climate change politics

March 6, 2019

Former United States president Barack Obama says failure to transition to cleaner energy sources would lead to global chaos that would be hard to reverse, but he’s optimistic fossil-fuel-centric economies such as Alberta’s can make the necessary changes. Obama spoke Tuesday to a near-full arena in Calgary,