Backers in favor of the Canada-to-Texas pipeline are pointing to the crisis in Iraq as a rationale for pushing the project forward.» Read More
The city of 25,000, known for its scenic lighthouses and sweeping views of the island-speckled waters of Casco Bay, is also the east coast's second largest oil port, located at the southern terminus of the Portland-Montreal Pipeline, which currently flows north to Canada.
NEW YORK, July 14- A $6 billion takeover to create the biggest oil producer in the Bakken shale may also open up new opportunities for some big traders who ship oil from North Dakota and Montana to market.
TOKYO, July 10- U.S. crude oil fell below $102 on Thursday, to trade at its lowest level in more than a month, on wavering demand for gasoline and projections for rising supplies from OPEC member Libya. *U.S. crude futures for August delivery fell 32 cents to $101.97 a barrel by 0002 GMT, after earlier trading as low as $101.72- the lowest level since June 5.
OTTAWA, June 26- Aboriginals in British Columbia can stake a broad claim to traditional territories due to a landmark Supreme Court of Canada decision that also raises new questions about prospects for the contentious Northern Gateway pipeline and other resource projects. The case involved a claim to 1,750 sq km of land in central British Columbia.
OTTAWA, June 26- Aboriginal peoples in the province of British Columbia can stake a broad claim to their traditional territories due to a landmark victory at the Supreme Court of Canada, a decision that natural resource companies had warned would create investor uncertainty.
BISMARCK, North Dakota, June 24- North Dakota's governor on Tuesday set a goal for the state's pipeline capacity to nearly double within two years, part of a plan to curb the wasteful flaring of natural gas in the bustling Bakken oil field.
CALGARY, Alberta, June 19- Enbridge Inc said on Thursday the price tag to replace a major pipeline that exports Canadian crude oil to the U.S. had jumped 7 percent to C $7.5 billion because of labor costs, additional engineering work on its Hardisty, Alberta, crude terminal and a weaker Canadian dollar.
June 19- Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. The deal will immediately add to the earnings of Midcoast Energy, which said it would finance it with debt.
June 19- Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. Enbridge's interest in Midcoast Operating LP will fall to 48.4 percent after the sale, the company said. Enbridge said it would use the proceeds to help fund its pipeline expansion program.
OTTAWA/ VANCOUVER, June 18- Its decision to approve development of the controversial Northern Gateway oil pipeline could cost Canada's governing Conservatives critical support in British Columbia, where they will need a strong showing in the 2015 election to secure another majority in Parliament.
June 17- The Canadian government approved the construction of Enbridge Inc's C $7.9 billion Northern Gateway pipeline on Tuesday, setting the stage for a flurry of lawsuits from opponents who object to the project on environmental grounds.
June 17- The Canadian government approved the construction of Enbridge Inc's C $7.9 billion Northern Gateway pipeline on Tuesday, contingent on the company meeting all conditions set out in a report by a regulatory panel.
VANCOUVER, June 17- Opponents of Enbridge Inc's proposed Northern Gateway crude oil pipeline are vowing to ramp up their legal challenge to the politically charged project if Canada lives up to expectations and approves its construction.
NEW YORK, June 16- A new chapter in the North American oil revolution is about to open on the Texas coast, with two major pipelines poised this summer to deliver an unprecedented influx of heavy Canadian crude to U.S. refineries- and potentially beyond.
NEW YORK, June 11- The Canadian government could technically delay an imminent decision on whether to approve the controversial Northern Gateway pipeline from Alberta's oil sands to the Pacific coast, Natural Resources Minister Greg Rickford said on Wednesday.
NEW YORK, June 10- Canada is "disappointed" that the proposed Keystone XL pipeline to the United States has not yet received approval from the White House, the country's finance minister, Joe Oliver, said on Tuesday. TransCanada Corp's $5.4 billion pipeline would link Alberta's vast oil sands fields with refineries in Texas.
CALGARY, Alberta, June 6- Canada is enjoying an unexpected boom in production of ultra-light crude known as condensate, defying long-held predictions of dwindling supply.
Natural Resources Minister Greg Rickford announced the creation of Major Projects Management Office West to serve as a single point for the federal government to coordinate activities on energy infrastructure with British Columbia First Nations and with industry in British Columbia and Alberta.
VANCOUVER, May 14- Canada unveiled new rules on Wednesday to enhance pipeline safety and spill response, ahead of the development of new projects proposed to carry crude from Alberta's oil sands to coastal ports for export.
VANCOUVER, May 7- Enbridge Inc, Canada's largest pipeline company, said on Wednesday its Flanagan South and Seaway expansion projects in the United States aimed at more than doubling capacity to Gulf Coast refineries were on track to begin operating in the next few months.