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Oct 27, 2010

At least 230 ducks die in latest Syncrude incident

CALGARY, Alberta, Oct 26 (Reuters) – About 230 ducks were
euthanized after they landed on a toxic waste pond owned by
Syncrude Canada Ltd, just three days after the oil sands
producer was fined C$3 million for a similar incident two years
ago that killed 1,600 waterfowl.

Syncrude said the birds landed on its Mildred Lake
tailings pond in the northern Alberta oil sands on Monday and
many had to be euthanized after coming into contact with
tar-like bitumen floating on the surface of the pond.

Oct 26, 2010

More ducks land on Syncrude Canada oil sands pond

CALGARY, Alberta, Oct 26 (Reuters) – More ducks have landed
on a toxic waste pond owned by Syncrude Canada Ltd, three days
after Syncrude was ordered to pay a C$3 million ($2.9 million)
penalty for a similar incident that killed 1,600 ducks and
helped fuel environmental opposition to Canada’s oil sands.

An unknown number of ducks landed on Syncrude’s Mildred
Lake settling basin in the northern Alberta oil sands on Monday
night, the province of Alberta’s environment department said on
Tuesday. Though the exact number of ducks isn’t known, Alberta
Environment said some of them were heavily oiled.

Oct 21, 2010

Precision Drilling expects busy winter season

Alberta, Oct 21 (Reuters) – Precision Drilling
Corp (PD.TO: Quote, Profile, Research, Stock Buzz), Canada’s largest oil- and gas-well drilling
company, said on Thursday robust oil prices and new shale-gas
discoveries will lead to a busy winter drilling season and high
demand for its rigs.

It made the forecast as it posted an 18 percent rise in
quarterly operating earnings.

Oct 1, 2010

Total ready to meet with Fort Hills partners

CALGARY, Alberta (Reuters) – Total SA (TOTF.PA: Quote, Profile, Research, Stock Buzz) closed its C$1.5 billion ($1.47 billion) purchase of Canada’s UTS Energy on Friday and expects to soon meet with its new partners in the Fort Hills oil sands project, the head of the French oil major’s Canadian unit said on Friday.

The purchase is Total’s latest move to boost its holdings in Canada’s oil sands and comes nearly two years after the company first bid for UTS in order to grab its 20 percent share in the undeveloped Fort Hills project.

Sep 26, 2010

Pipeline summer woes mask healthy prospects

CALGARY, Alberta, Sept 26 (Reuters) – Canada’s two major
pipeline companies did not have a good summer.

Enbridge Inc (ENB.TO: Quote, Profile, Research, Stock Buzz), which handles the lion’s share of
Canadian exports to the United States, had a series of pipeline
ruptures that cut into the flow of oil sands crude to thirsty
markets south of the border.

Sep 11, 2010

Enbridge digs up leaking Illinois pipeline

CALGARY, Alberta (Reuters) – Enbridge Inc on Saturday started digging up the pipeline that halted nearly a third of Canada’s crude oil exports to the United States when it sprung a leak two days ago, but the company does not have an estimate on how long repairs will take.

Enbridge said removal of the damaged pipe is complicated by utility lines and sewer pipes near its line, forcing workers to dig by hand or use high-pressure water to expose the oil conduit. It can’t yet say when that will be completed or when shipments might resume.

Sep 10, 2010

IMF’s Zhu says China determined on FX move

CALGARY, Alberta, Sept 10 (Reuters) – China is determined
to move to a more flexible exchange rate regime but this will
not solve the problem of global imbalances, a former deputy
governor at China’s central bank said on Friday.

Zhu Min, now a special advisor at the International
Monetary Fund, also said China was making progress on its
pledge to move away from an export-driven economic model.

Sep 10, 2010

Long haul to recovery, say tough-talking officials

CALGARY, Alberta (Reuters) – The world economy faces a long, hard slog toward recovery and could slide into deflation and financial instability if leaders fail to deliver on promises of reform, top policy markers said on Friday.

At a conference in Calgary, White House special adviser Paul Volcker warned it would likely take years for the American economy to fully recover and three to six years to repair the global banking system.

Aug 13, 2010

Enbridge cuts space on alternative to broken line

CALGARY, Alberta, Aug 13 (Reuters) – Enbridge Inc (ENB.TO: Quote, Profile, Research, Stock Buzz)
lowered capacity on its 490,000 barrel-per-day Line 5, the main
alternative to its Michigan pipeline that ruptured last month,
but said on Friday it doesn’t expect the move to reduce
shipments on the key line.

Enbridge cut rates on the line to Sarnia, Ontario, in order
to carry out additional safety checks after a 5-foot gash
opened in the side of the 190,000 barrel per day Line 6B,
spilling more than 800,000 gallons of oil sands crude into a
Michigan river system.

Aug 12, 2010

Enbridge says no line space rationing due to break

CALGARY, Alberta, Aug 12 (Reuters) – Enbridge Inc (ENB.TO: Quote, Profile, Research, Stock Buzz)
has not been forced to ration oil shipments on its North
American pipeline system because of its Michigan oil spill, a
company executive said on Thursday.

Steve Wuori, president of Enbridge’s liquids pipelines
division, said space on some of the Canadian company’s other
lines is tight following the July 26 rupture, which spilled
more than 800,000 gallons of oil sands crude into a Michigan
river system near Kalamazoo.

    • About Scott

      "Based in Calgary, Alberta, I've covered Canada's energy industry and the oil sands for the past five years for Reuters, and a decade before that for newspapers and other wire services."
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