CNBC Utilities Page Catastrophe

  • CALGARY, Alberta, May 17- A massive wildfire raged near Fort McMurray, Alberta on Tuesday and threatened major oil sands production facilities, forcing the evacuation of thousands of workers and prolonging a shutdown that cut Canadian oil output by 1 million barrels a day. The fire jumped a critical firebreak late Monday where plants and trees had been removed...

  • May 17- A massive wildfire burning around the Canadian oil sands hub of Fort McMurray was growing on Tuesday, extending a shutdown at major oil sites that has cut daily production by more than 1 million barrels, officials said. The sudden movement of the fire prompted the evacuation of some 4,000 people from work camps outside Fort McMurray, with all northbound...

  • CALGARY, Alberta, May 17- A massive wildfire around the oil sands hub of Fort McMurray, Alberta, moved toward energy production facilities on Tuesday, extending a shutdown that has led to lost Canadian output of one million barrels a day. "This is quite an unexpected u-turn in events," said Jackie Forrest, vice president of energy research at ARC Financial Corp. "It's...

  • CALGARY, Alberta, May 17- Canadian energy producers were hit with fresh disruptions on Tuesday after a massive wildfire burning around the oil sands hub of Fort McMurray, Alberta, shifted north, forcing the evacuation of about 4,000 people from work camps. TransAlta Corp's Poplar Creek cogeneration power plant, which provides power to Suncor, was also shut by...

  • May 17- Canadian energy producers were hit with fresh disruptions on Tuesday after a massive wildfire burning around the oil sands hub of Fort McMurray, Alberta, shifted north, forcing the evacuation of about 4,000 people from work camps. The sudden movement of the fire prompted the evacuation of some 4,000 people from work camps outside Fort McMurray, with all...

  • LONDON, May 17- Oil traded at around $49 a barrel on Tuesday within sight of a six-month high, supported by supply outages in Nigeria, Canada and other producers that are eroding a persistent glut. In Canada, the sudden movement of a wildfire prompted the evacuation of some 4,000 people from work camps outside the oil hub of Fort McMurray. Brent crude traded at a...

  • May 16- A massive wildfire burning around the Canadian oil sands hub of Fort McMurray was growing and moving rapidly north late on Monday, forcing firefighters to shift their focus to protecting major oil sand facilities north of the city, officials said. The sudden movement of the fire prompted the evacuation of some 4,000 people from work camps outside Fort...

  • CALGARY, Alberta, May 16- A massive wildfire burning around the oil sands hub of Fort McMurray, Alberta, shifted north on Monday, prompting the evacuation of some 4,000 people from work camps around major oil sand projects, local officials said. The entire population of Fort McMurray, about 90,000 people, was forced to flee the Canadian city nearly two weeks ago as...

  • RIO DE JANEIRO, May 16- Brazil's Environment Minister, José Sarney Filho said on Monday he will not allow Samarco Mineração SA to reopen its iron ore mine without assurances that the causes and damages of a deadly tailings dam collapse were fixed. Sarney Filho, appointed last week, made the comments during an official visit to Mariana, Brazil, the township most...

  • CALGARY, Alberta, May 16- A massive wildfire burning around the oil sands hub of Fort McMurray, Alberta is about 1 km away from Enbridge Inc's Cheecham crude oil tank farm, but is under control for now, emergency officials said on Monday. The entire population of Fort McMurray, about 90,000 people, were forced to flee the Canadian city nearly two weeks ago as the...

  • BONNYVILLE, Alberta, May 13- Canadian Prime Minister Justin Trudeau on Friday saw the devastation caused by a wildfire that blazed through the Alberta town of Fort McMurray and forced several oil sands operations to shut. "The people of Fort McMurray have been through so much and are still standing strong," Trudeau said via Twitter. Earlier, Trudeau met Fort...

  • WANDERING RIVER, Alberta, May 13- Canadian Prime Minister Justin Trudeau will on Friday see the devastation caused by a wildfire that tore through the Alberta town of Fort McMurray and forced several oil sands operations to shut down. After touring the most damaged areas, Trudeau will hold a news conference with Alberta Premier Rachel Notley at 5:15 p.m. ET in...

  • TORONTO, May 12- Payday lenders could take advantage of cash-strapped evacuees who were forced to leave their homes when a massive wildfire spread through the Fort McMurray, Alberta, area, an Alberta government minister said on Thursday. The remarks by Alberta's Service Minister Stephanie McLean came as the Canadian province announced a crackdown on payday...

  • Below is a summary of changes insurance companies have made in the state in recent years, based on Oklahoma Insurance Commission filings:. Company Date Action Armed Forces Aug 8, 2014 Increases earthquake premiums by 1- 3 cents per Insurance $1,000 of coverage. Chubb Ltd Dec. 19, Increases earthquake premiums to $0.33 per $1,000 2014 of coverage from $0.30.

  • Meanwhile, the premier of the province of Alberta and the head of the Canadian Red Cross announced that residents of Fort McMurray, the oil-boom town that was evacuated last week because of the fire, would be offered direct financial aid. Smith said they would be flown to Suncor's Firebag site, about 120 km north of Fort McMurray, and transported by bus to the base...

  • FORT MCMURRAY/ LAC LA BICHE, Alberta, May 11- R econstructing Fort McMurray will be easier than first feared since much of the city's critical infrastructure remains intact but the once booming oil town will be smaller than before, according to its mayor. Fort McMurray Mayor Melissa Blake said the fire is a chance to "right size" the city after the energy slump left it...

  • RIO DE JANEIRO, May 11- Brazilian regulators plan to tighten rules on dams used in the mining industry after a breach last year caused the nation's worst environmental disaster but the changes, while opposed by struggling companies, look unlikely to improve safety. But engineers, prosecutors and tailings dam experts interviewed by Reuters say the changes will...

  • EDMONTON, Alberta, May 11- Market participants are closely watching on Wednesday for the prospect of further restarts by Canadian oil sands producers near wildfire-ravaged Fort McMurray as some companies began slowly bringing operations back online. Facilities north of the one-time Alberta boomtown that had been shuttered largely because of heavy smoke...

  • FORT MCMURRAY/ EDMONTON, Alberta, May 10- Oil sands companies around the Canadian energy center of Fort McMurray began to resume production on Tuesday after an out-of-control wildfire forced a shutdown a week ago, and energy executives met with province leaders who reported the town was less damaged than first feared. Royal Dutch Shell Plc became the first...

  • FORT MCMURRAY, Alberta, May 10- Oil sands companies around wildfire-hit Fort McMurray hoped to resume production on Tuesday after an initial inspection found the Canadian boomtown was less severely damaged than first feared. Royal Dutch Shell Plc resumed production at its operation in the center of Canada's oil sands region, while Enbridge Inc began...