Canadian oil supply rose by 140,000 bbls per day in May, to stand nearly a million bbls a day above last year’s fire-affected low of only 3.6 million bbls per day, the International Energy Agency (IEA) said in its September oil market report.
Counsel for TransCanada Corporation Tuesday challenged arguments from Enbridge Gas Distribution that approval of TransCanada’s new transportation service post-2020 is not in the public interest and should be denied because it would impede an efficient gas market.
The B.C. government in its budget update this week forecast $237 million in natural gas royalties for 2017/18, up from $152 million the previous fiscal year. It then expects royalties to climb to $307 million in 2018/19 and $357 million in 2019/20.
The proponent of Canada’s first offshore wind farm off the B.C. coast has attracted the interest of the world’s biggest offshore wind farm developer, advancing a proposed 400 megawatt project that could feed green power to nearby liquefied natural gas project.
Both direct and indirect greenhouse gas emissions rose last year, says TransCanada Corporation in its recently released 2016 corporate and social responsibility (CSR) report, Delivering Energy Responsibly.
Manitok Energy Inc. has entered into a definitive amalgamation agreement with Corinthian Oil Corp. and 2065718 Alberta Inc., a wholly owned subsidiary of Manitok, to acquire all of the issued and outstanding shares of Corinthian.
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