PROCESSWEST Magazine Online

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Oil sector exodus continues to pound Alberta

August 23, 2019

Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years. Pembina Pipeline Corp., based

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“Protester noise” has Pembina CEO ruling out Trans Mountain pipeline

August 22, 2019

The CEO of Pembina Pipeline Corp. says the Trans Mountain pipeline system would fit neatly into his company’s business model but he wouldn’t want the “noise” associated with its controversial expansion project. On a conference call to discuss his company’s

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Small producers eye output boost with new exemptions

August 22, 2019

Small and mid-sized Alberta oil producers are looking to increase drilling as early as this autumn after the Canadian province exempted a dozen of them from government-mandated oil production cuts, boosting the struggling industry. Alberta’s previous New Democratic Party government

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TMX pipeline gets “Notice to Proceed”

August 21, 2019

Premier Jason Kenney is pleased that the much-delayed Trans Mountain Pipeline has received the “Notice to Proceed,” but is tempering his optimism with some harsh truths of a litany of protest delays. “The ‘Notice to Proceed’ is a step forward

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Lof steps down to focus on health issues

August 21, 2019

Bellatrix Exploration Ltd. has announced that Maxwell Lof will be resigning to focus on ongoing health issues effective August 31. Replacing Lof as Executive Vice President & Chief Financial Officer is Shane Abel, effective September 1. “While we are sad

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Pembina Pipeline acquires KML

August 21, 2019

Kinder Morgan Canada Limited today announced that it has reached an agreement with Pembina Pipeline Corporation, under which Pembina has agreed to acquire all of the outstanding common equity of KML, including the 70 per cent majority voting interest held by Kinder

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$2.2 billion earmarked to clean up abandoned mines

August 21, 2019

Canada is moving forward with a long-term plan to clean up contaminated sites in the north. Ottawa has announced that the new Northern Abandoned Mine Reclamation Program will invest $2.2 billion over 15 years to address remediation of the eight largest abandoned

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Pipeline delays extend production limits to end of 2020

August 21, 2019

The Alberta government says some oil companies will have to limit their production until the end of 2020 as pipeline delays persist. Energy Minister Sonya Savage told Canadian press the current limit is being extended because there are no new pipeline expansions on

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Husky Energy urged to go private as major shareholder bleeds billions

August 20, 2019

Hong Kong billionaire Li Ka-shing’s oil sands investment is hurting — and some analysts are calling on him to stop the bleeding. According to Bloomberg News, shares of Calgary-based Husky Energy Inc. have plummeted over 80 per cent since its

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MEG Energy urging Enbridge to scrap pipeline changes

August 20, 2019

Oil sands producer MEG Energy Corp has become the largest producer so far to call for pipeline company Enbridge Inc to scrap plans to introduce long-term, fixed-volume contracts on its Mainline system, in a letter to Canadian regulators laying out