VANCOUVER, Dec 4 (Reuters) – Shares of Enbridge Inc
surged more than 12 percent to a record high on Thursday, a day
after the company outlined plans to transfer ownership of its
Canadian pipelines to an affiliate and boost its dividend by 33
Canada’s largest pipeline operator said late Wednesday it
will move C$17 billion ($15 billion) worth of assets to its
subsidiary, Enbridge Income Fund.
VANCOUVER, Dec 3 (Reuters) – Petronas, Malaysia’s
state-owned oil and gas company, delayed giving the final
go-ahead on Wednesday for its planned investment in a $11
billion liquefied natural gas export terminal in British
Columbia, citing high costs and other outstanding issues.
“Costs associated with the pipeline and LNG facility remain
challenging and must be reduced further before a positive FID
(final investment decision) can be undertaken,” the company said
in a statement.
VANCOUVER, Nov 26 (Reuters) – TransCanada Corp will
not renew its contract with U.S. public relations company
Edelman after a leaked pitch for a campaign against opponents of
one of the Canadian pipeline operator’s biggest projects drew
The two companies agreed not to extend the contract when it
runs out at the end of December, Edelman said in a statement on
VANCOUVER (Reuters) – The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc (BKW.N: Quote, Profile, Research, Stock Buzz) of Canada’s iconic coffee-and-donut Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz), Industry Minister James Moore said on Friday.
“Soon, soon,” the minister said, when asked by Reuters when a decision could be expected. “Before Christmas,” he added.
VANCOUVER, Nov 20 (Reuters) – Canadian police said on
Thursday they arrested environmental protesters who have been
blocking work at two Kinder Morgan Energy Partners LP
sites in the Vancouver suburb of Burnaby, three days after a
court injunction for their removal came into effect.
Kinder Morgan, which hopes to triple the size of its
300,000-barrel-per-day Trans Mountain pipeline, plans to bore
two holes deep into Burnaby Mountain to test if it will be
possible to run the expanded pipeline under the conservation
site, which is a popular hiking and picnic area for locals.
VANCOUVER, Nov 19 (Reuters) – TransCanada Corp is
in talks to get into the crude-by-rail business and will
probably do so even if its long-delayed Keystone XL pipeline
gets its U.S. permits next year, its chief executive said on
While Canada’s No. 2 pipeline operator has not yet signed
any definitive agreements, it is in active negotiations with
producers and other shippers on opportunities, CEO Russ Girling
said on a conference call.
SINGAPORE, Nov 3 (Reuters) – North American liquefied
natural gas projects, once believed to be the panacea that would
save Asia from paying top dollar for the super chilled fuel, are
proving to be less of a gamechanger than originally expected.
High costs, gruelling regulatory processes and mounting
social opposition have slowed the development of new capacity in
Canada and the United States, tempering early hopes that a flood
of cheap western gas would drive down prices.
SINGAPORE, Oct 31 (Reuters) – Oil prices are likely to be
mired near their lowest levels in more than four years in 2015
and investments will take a backseat, underlining a gloomy
outlook for the industry.
A global supply glut and demand concerns have battered oil
prices, wiping out a quarter of their value over four months and
putting some high-cost energy projects at risk.
CALGARY, Alberta/SINGAPORE, Oct 30 (Reuters) – TransCanada
Corp said on Thursday it has filed for regulatory
approval of its C$12 billion ($10.8 billion) Energy East
pipeline, the largest, longest and most expensive ever proposed
for the country, as it pushes ahead with a plan to ship oil
sands crude to eastern refineries and Atlantic export ports.
Canada’s No.2 pipeline operator said it has filed the formal
project application with the National Energy Board, officially
starting the clock on a regulatory review of the proposed 4,600
kilometer (2,860 mile) line, a process expected to last about 18
TORONTO/VANCOUVER (Reuters) – Sewing machines hum inside a spacious clothing boutique where the wife and son of Lululemon Athletica Inc’s (LULU.O: Quote, Profile, Research, Stock Buzz) founder hope to capture the retail magic that turned the yogawear maker into a stock market darling.
Meet Kit and Ace, the brainchild of billionaire Chip Wilson’s wife, former Lululemon lead designer Shannon Wilson, who started the new streetwear venture with his son J.J.