6 - 2017 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Judge: Redo part of analysis for Dakota Access pipeline

June 14, 2017 by The Canadian Press

FARGO, N.D. — A federal judge has handed a lifeline to efforts to block the Dakota Access pipeline, ruling Wednesday that the U.S. Army Corps of Engineers didn’t adequately consider the possible impacts of an oil spill where the pipeline passes under the Missouri River.

U.S. District Judge James Boasberg said in a 91-page decision that the corps failed to take into account how a spill might affect “fishing rights, hunting rights, or environmental justice, or the degree to which the pipeline’s effects are likely to be highly controversial.”

The judge said the Army must redo its environmental analysis in certain sections and he’ll consider later whether the pipeline must halt operations in the meantime. A status conference is scheduled for next week.

Dave Archamabault II, chairman of the Standing Rock Sioux Tribe, which has led opposition to the pipeline, called it “a significant victory.”

Developer Energy Transfer Partners announced earlier this month that it started shipping oil to customers. ETP maintains that the 1,200-mile pipeline is safe, but the Standing Rock Cheyenne River, Yankton and Oglala Sioux tribes in the Dakotas fear environmental harm.

ETP spokeswoman Vicki Granado did not immediately return email and phone messages seeking comment on Boasberg’s ruling. U.S. Department of Justice spokeswoman Nicole Navas Oxman said the department is reviewing the ruling.

The decision marks “an important turning point,” said Jan Hasselman, attorney for the non-profit Earthjustice, which is representing the tribes in the lawsuit.

“Until now, the rights of the Standing Rock Sioux Tribe have been disregarded by builders of the Dakota Access pipeline and the Trump Administration … prompting a well-deserved global outcry,” Hasselman said.

The project led to months of demonstrations near the Standing Rock Reservation and hundreds of protesters were arrested. The protests died off with the clearing of the main encampment in February and the completion of the pipeline.

Boasberg rejected two earlier complaints by the tribes. One was that the construction threatened sites of cultural and historical significance and the other was that the presence of oil in the pipeline under Lake Oahe would desecrate sacred waters and make it impossible for the tribes to freely exercise their religious beliefs.

“Now that the court has rejected these two lines of attack, Standing Rock and Cheyenne River here take their third shot, this time zeroing in DAPL’s environmental impact,” Boasberg wrote. He added later, “This volley meets with some degree of success.”

The corps originally declined to issue an easement for drilling and earlier this year launched a full environmental study of the Lake Oahe crossing, which it said would take up to two years to complete. Boasberg, the federal judge, had rejected an ETP request to stop the study.

“As we all know, elections have consequences, and the government’s position on the easement shifted significantly once President Trump assumed office on January 20, 2017,” Boasberg wrote in Wednesday’s ruling.

Dave Kolpack, The Associated Press

2024 National Coalition of Chiefs Energy And Natural Resource Summit

Notley tries to reassure oil industry leaders on Trans Mountain expansion

June 15, 2017June 14, 2017 by The Canadian Press

CALGARY — Alberta Premier Rachel Notley tried to reassure bigwigs in the energy industry Wednesday that her government will strive to ensure the Trans Mountain pipeline expansion gets built despite political opposition in British Columbia.

Speaking at the Global Petroleum Show in Calgary, Notley said the Alberta NDP government has little time for conversations that seek to shut down the oilsands and threaten jobs in her province.

“An effective climate plan has to pay attention to working people,” said Notley.

“Families that are out of work and stressed about how the mortgage is going to get paid do not have a heck of a lot of time for climate change action.”

Her comments come as the B.C. NDP, supported by an alliance with the Green party, moves closer to potentially forming government and bringing to a halt Kinder Morgan’s pipeline expansion project with whatever means it has available.

Both parties have opposed the pipeline over concerns of potential oil spills in the ocean and along the route, as well as the higher environmental footprint of oilsands crude.

Kinder Morgan Canada president Ian Anderson, speaking on a panel later in the day, suggested government could enable First Nation investment in the project as a way to help close the indigenous prosperity gap.

“Government has to look at that, they need to look at what they can do to enable those kinds of investments, either through loan guarantees or the sort,” he said.

Anderson said he worked quietly for some time to try and build support for direct indigenous investment, but it never materialized because of capacity constraints.

“I would welcome the opportunity to have some First Nation investment,” said Anderson.

“At the core of it though, for that kind of ownership, for that kind of meaningful investment in resource development, the nations need capacity.”

Anderson’s comments come as the Trans Mountain pipeline grows as a wedge issue in Canadian politics.

The project has pitted the Alberta and B.C. parties against each other, and has become a lightning-rod issue in the federal NDP leadership race.

Notley said she was reassured by Prime Minister Justin Trudeau on June 2 that the federal government remains committed to seeing the project though, while she believes the project entirely falls within her party’s values.

“I believe it is absolutely, fully within the wheelhouse of the NDP to focus on job preservation and job creation, always, as we work on the environment. To do one without the other puts both in peril.”

Notley’s remarks came shortly after Paul Fulton, president of the Canadian division of Norway’s Statoil, said that while there will be growth in demand in the near term, some oil will have to stay in the ground if any climate goals are to be met.

“There is no doubt that there will be stranded assets,” he said. “We will not produce all of the oil and gas that we have discovered today.”

Ian Bickis, The Canadian Press

Note to readers: This is a corrected story. A previous version based on Notley’s comments said she spoke with Trudeau on Friday. An official with her office she in fact spoke with Trudeau on June 2.

TransCanada outlines $2-billion plan for additional gas transmission capacity

June 14, 2017 by The Canadian Press

CALGARY — TransCanada Corp. (TSX:TRP) says it plans to invest $2 billion to expand its Nova natural gas pipeline system, as it looks to transport more of the fuel from prolific Western Canadian fields.

The Calgary-based company says the proposed expansion is a response to demand from producers operating in the Montney, Duvernay and Deep Basin formations which straddle or are near the B.C.-Alberta boundary. It said many producers are looking to ship to markets in the Pacific Northwest, California and Nevada.

Horizontal drilling and hydraulic fracturing technology have made the region one of the most productive natural gas plays in Canada, but industry players have complained of insufficient pipeline space.

TransCanada says it will engage landowners, communities and indigenous groups near areas where it proposes to build additional pipeline capacity, compressor stations and other facilities.

It plans to file applications with the National Energy Board starting in the fourth quarter of 2017 and, subject to approvals, expects construction to begin in 2019 with final projects in service by 2021.

The Canadian Press

Fire reported at partly flooded Mexican refinery

June 14, 2017 by The Canadian Press

MEXICO CITY — A massive fire broke out at a partially flooded refinery in southern Mexico Wednesday, injuring seven people.

The state-owned oil company Pemex said none of the injuries were life-threatening.

Television and social media footage showed a huge column of flames and thick black smoke pouring from one part of the refinery complex.

The refinery’s operations had been suspended Tuesday because of heavy rains from former Tropical Storm Calvin, which had partly flooded some parts of the plant. The company said the fire broke out after the floodwaters caused waste containment ponds to overflow, spreading oil around the plant.

Pemex said in a statement that the spilled oil “reached a point of ignition as a result of the flooding, sparking a fire.”

It said company employees were inside the facility, battling the fire.

The facility is located in Salina Cruz in the southern state of Oaxaca.

The Associated Press

Cardinal Energy Ltd. Confirms Monthly Dividend for June

June 14, 2017 by The Canadian Press

FOR: CARDINAL ENERGY LTD.TSX SYMBOL: CJDate issue: June 14, 2017Time in: 5:30 PM eAttention:
CALGARY, ALBERTA–(Marketwired – June 14, 2017) – Cardinal Energy Ltd.
(“Cardinal”) (TSX:CJ) confirms that a dividend of $0.035 per common share will
be paid …

Petrolia Inc. – Corporate Update

June 14, 2017 by The Canadian Press

FOR: PETROLIA INC.TSX VENTURE SYMBOL: PEADate issue: June 14, 2017Time in: 3:54 PM eAttention:
QUEBEC, QUEBEC–(Marketwired – June 14, 2017) – Petrolia Inc. (TSX
VENTURE:PEA)(“Petrolia” or the “Company”) wishes to provide a corporate update
concerning…

Foremost Income Fund Reviews Unit Redemption Monthly Limit for June 2017

June 14, 2017 by The Canadian Press

FOR: FOREMOST INCOME FUND
Date issue: June 14, 2017Time in: 12:51 PM eAttention:
CALGARY, ALBERTA–(Marketwired – June 14, 2017) – Foremost Income Fund
(“Foremost” or the “Fund”) reviews the monthly limit for Unit redemptions
pursuant to section 6.4(i…

5 Reasons Why Outsourcing HR Makes Sense – Wendy Ferguson – BHRLR, CPHR

August 3, 2017June 14, 2017 by EnergyNow Media

A Commentary by Wendy Ferguson – BHRLR, CPHR – Ferguson HR Consulting During the past two and a half years, most companies in the energy sector have undergone major corporate restructuring and many have been forced to downsize to reduce costs just to survive our economic climate. Some larger organizations’ … Read more

Josu Jon Imaz Calls on Industry to Prioritize Efficiency Programs and Innovation in the Fight Against Climate Change

June 14, 2017 by The Canadian Press

FOR: REPSOL OIL & GAS CANADA INC.

Date issue: June 14, 2017
Time in: 12:11 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – June 14, 2017) –

Editors’ Note: There are two images accompanying this press release.

/T/

— The Chief Executive Officer of Repsol is co-chairing a global event that

brings together industry leaders and policymakers and is focused in its
23rd edition on managing change.

— Josu Jon Imaz said that “efficiency is low-hanging fruit that industry

must harvest as soon as possible” to help achieve global greenhouse
emission reduction targets.

— Efficiency measures should deliver half of the worldwide emissions

reductions by 2030, according to the International Energy Agency.

/T/

Repsol Chief Executive Officer, Josu Jon Imaz, called on industry to make a
“concerted, focused and sustained” effort to reduce emissions through
efficiency gains in order to help meet global emission reduction targets.

Imaz told attendees to the International Economic Forum of the Americas in
Montreal that efficiency measures are a key driver to fight climate change,
aided by technological innovation which “must serve to fulfill our objectives
to which we are all committed.”

The International Energy Agency estimates that almost half of the emissions
reductions needed to reach the 2 degrees Celsius target will come from energy
efficiency measures. Industry has a clear economic incentive to reduce energy
use through efficiency, Imaz said, and energy companies must accelerate the
transition to generating electricity from gas, to reduce the use of
highly-polluting coal.

The Conference of Montreal, in its 23rd edition, brings together industry
leaders from across the globe to share knowledge and awareness of the major
issues concerning economic globalization, with a particular emphasis on the
relations between the Americas and other continents.

Repsol this year became the first oil and gas company to issue certified Green
Bonds. The 500-million-euro bond issue, which will serve to finance efficiency
projects, garnered significant attention from investors and was oversubscribed
by six times. This demonstrates the market’s appetite for initiatives that can
cut emissions under market conditions rather than through subsidies.

Josu Jon Imaz also highlighted the power of joint initiatives, such as those
being developed by the Oil and Gas Climate Initiative, a CEO-led group of oil
and gas companies that together account for 20% of the world’s oil and gas
output. These projects include a 1-billion dollar fund to promote commercial
energy efficiency.

Repsol’s own efficiency programs, launched in 2006, have cut company emissions
by 25.29 Million Tonnes of CO2 (4.3 Mill Tonnes just in 2016) by setting
specific initiatives aimed at limiting the impacts of business activities.

To view the images accompanying this press release, click on the following
links:

http://www.marketwire.com/library/20170614-josu800a.jpg

http://www.marketwire.com/library/20170614-josu800b.jpg

– END RELEASE – 14/06/2017

For further information:
Kristian Rix
Director International Communication
+34 91 753 63 14 / +34 650 496 488
rix.kristian@repsol.com
OR
Mila Vior
Manager External Affairs and Communications, North America
+1 (403) 237-1947 / +1 403 922 0679
mvior@repsol.com

COMPANY:
FOR: REPSOL OIL & GAS CANADA INC.

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170614CC0031

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

US oil production seen thwarting OPEC effort to boost prices

June 14, 2017 by The Canadian Press

PARIS — The International Energy Agency says OPEC’s plan to cut production and support prices are likely to be undone by increased output in non-OPEC countries like the U.S.

If correct, that could keep a lid on oil prices as a glut of supply grows despite the efforts of countries in the OPEC cartel and allies like Russia to limit production.

The IEA said in its monthly oil report Wednesday it expects non-OPEC production to grow 700,000 barrels daily this year and 1.5 million barrels next year, “which is slightly more than the expected increase in global demand.”

It said it “makes sobering reading for those producers looking to restrain supply.”

The U.S. benchmark for crude fell 51 cents to $45.94 a barrel on Wednesday.

The Associated Press

TransCanada invests $2 billion to expand NGTL System capacity

June 14, 2017 by The Canadian Press

FOR: TRANSCANADA
TSX SYMBOL: TRP
NYSE SYMBOL: TRP

Date issue: June 14, 2017
Time in: 9:00 AM e

Attention:

New gas supply and increased export demand drives major expansions

CALGARY, ALBERTA–(Marketwired – June 14, 2017) – News Release – TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it will
move forward with a new $2 billion expansion program on its NOVA Gas
Transmission Ltd. (NGTL) System, based on new contracted customer demand for
approximately 3 billion cubic feet per day (Bcf/d) of incremental firm receipt
and delivery services.

“Between now and 2021, TransCanada is investing approximately $2 billion in new
pipeline infrastructure to connect Western Canadian natural gas production to
key markets within the basin and across North America,” said Karl Johannson,
TransCanada’s executive vice-president and president, Canada and Mexico natural
gas pipelines and energy. “This expansion adds to the current $5.1 billion
near-term capital program for the NGTL System, further enhancing our ability to
meet the needs of our customers for safe, reliable and competitive gas
transmission infrastructure.”

This expansion program results from growing producer demand to connect low-cost
Montney, Duvernay and Deep Basin production to the NGTL System and move it to
premium intra-basin and export markets. Numerous shippers have recently signed
over 2.6 Bcf/d in total new firm supply contracts at multiple existing and
proposed new receipt locations across the System.

TransCanada also successfully concluded a recent expansion open season for
incremental service at the Alberta/British Columbia export delivery point,
which connects Canadian supply through downstream TransCanada pipelines to
Pacific Northwest, California and Nevada markets. The open season was
over-subscribed, and all 381 MMcf/d (408 TJ/d) of available expansion service
was awarded under long term contracts.

“The NGTL System remains a key component of TransCanada’s high-quality
portfolio of energy infrastructure assets that continue to produce solid
results across various market conditions,” said Johannson. “Our strategy is to
maintain and optimize NGTL’s competitive position and to focus on growing our
established network to connect growing volumes of Western Canadian Sedimentary
Basin natural gas to key market areas.”

The expansion program will be comprised of numerous projects that will in
aggregate, include 273 kilometres (171 miles) of NPS 16 to NPS 48 pipeline, 150
MW of compression at five compressor stations, new meter stations and other
associated facilities. Applications for the various projects will be filed with
the National Energy Board starting in the fourth quarter of 2017. Subject to
regulatory approvals, construction is expected to start in early 2019, with
initial projects expected to be in service in Q4 2019 and final projects in
service by Q2 2021.

TransCanada will engage communities and Indigenous peoples as part of the
expansion

As part of its commitment to consulting early and often, TransCanada will
engage landowners, communities and Indigenous groups near the project areas in
Alberta and British Columbia. TransCanada will focus on partnering with local
contractors and businesses, providing opportunities for community and
Indigenous participation through community investment, scholarships and
programs such as the Aboriginal Construction Participation Program.

“As part of our engagement process, specific projects will be announced and
details communicated to stakeholders as each project moves forward,” added
Johannson.

With more than 65 years’ experience, TransCanada is a leader in the responsible
development and reliable operation of North American energy infrastructure
including natural gas and liquids pipelines, power generation and gas storage
facilities. TransCanada operates a network of natural gas pipelines that
extends more than 91,500 kilometres (56,900 miles), tapping into virtually all
major gas supply basins in North America. TransCanada is the continent’s
leading provider of gas storage and related services with 653 billion cubic
feet of storage capacity. A large independent power producer, TransCanada
currently owns or has interests in approximately 6,200 megawatts of power
generation in Canada and the United States. TransCanada is also the developer
and operator of one of North America’s leading liquids pipeline systems that
extends over 4,300 kilometres (2,700 miles), connecting growing continental oil
supplies to key markets and refineries. TransCanada’s common shares trade on
the Toronto and New York stock exchanges under the symbol TRP. Visit
TransCanada.com to learn more, or connect with us on social media and 3BL Media.

FORWARD LOOKING INFORMATION

This publication contains certain information that is forward-looking and is
subject to important risks and uncertainties (such statements are usually
accompanied by words such as “anticipate”, “expect”, “believe”, “may”, “will”,
“should”, “estimate”, “intend” or other similar words). Forward-looking
statements in this document are intended to provide TransCanada security
holders and potential investors with information regarding TransCanada and its
subsidiaries, including management’s assessment of TransCanada’s and its
subsidiaries’ future plans and financial outlook. All forward-looking
statements reflect TransCanada’s beliefs and assumptions based on information
available at the time the statements were made and as such are not guarantees
of future performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it is expressed
in this news release, and not to use future-oriented information or financial
outlooks for anything other than their intended purpose. TransCanada undertakes
no obligation to update or revise any forward-looking information except as
required by law. For additional information on the assumptions made, and the
risks and uncertainties which could cause actual results to differ from the
anticipated results, refer to the Quarterly Report to Shareholders dated May 4,
2017 and 2016 Annual Report filed under TransCanada’s profile on SEDAR at
www.sedar.com and with the U.S. Securities and Exchange Commission at
www.sec.gov.

– END RELEASE – 14/06/2017

For further information:
Media Inquiries:
Shawn Howard / Mark Cooper
403.920.7813 or 800.608.7859
OR
TransCanada Investor & Analyst Inquiries:
David Moneta / Stuart Kampel
403.920.7911 or 800.361.6522

COMPANY:
FOR: TRANSCANADA
TSX SYMBOL: TRP
NYSE SYMBOL: TRP

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170614CC0016

Press Release from Marketwired 1-866-736-3779

InPlay Receives TSX Approval for Normal Course Issuer Bid

June 14, 2017 by The Canadian Press

FOR: INPLAY OIL CORP.TSX Symbol: IPOOTCQX Symbol: IPOOFDate issue: June 14, 2017Time in: 8:00 AM eAttention:
CALGARY, AB –(Marketwired – June 14, 2017) – InPlay Oil Corp. (“InPlay” or
the “Corporation”) (TSX: IPO) (OTCQX: IPOOF) today announced the …

Sunshine Oilsands Ltd.: Record Date of the Special Meeting to Be Held on July 26, 2017 in Respect of the Private Placement

June 14, 2017 by The Canadian Press

FOR: SUNSHINE OILSANDS LTD.HKSE SYMBOL: 2012Date issue: June 14, 2017Time in: 7:50 AM eAttention:
CALGARY, ALBERTA and HONG KONG, CHINA–(Marketwired – June 14, 2017) –
Reference is made to the announcement of Sunshine Oilsands Ltd. (the
“Corporation”…

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