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May 5, 2008 - May 9, 2008
April didn't bring much spring-like weather in Western Canada but pricing sure put a spring in the steps of producers which watched world oil prices approach $120 (U.S.) a bbl, while domestic gas prices were the highest seen since December 2005.
Enbridge Inc. is reconsidering its plans for a proposed 400,000 bbl perday pipeline from Patoka, Illinois to the United States Gulf Coast following an open season that failed to attract sufficient shipper interest.
Drilling rig activity has been stuck below the 20% fleet utilization rate for the past four weeks but year-to-date activity now shows a fractional rise from last year, thanks to more activity in British Columbia, Saskatchewan and Manitoba.
BP plc and ConocoPhillips Company will move ahead with plans for the Alaska natural gas pipeline even if the state gives a $500-million subsidy to competitor TransCanada Corporation, a conference heard.
Pegged by elected officials as the primary method to reduce industrial-related greenhouse gas (GHG) emissions while still allowing resource development, large-scale carbon capture and storage (CCS) cannot move forward until regulatory, fiscal and jurisdictional issues are ironed out.
Spurred by energy products, Canada's exports generated $40.1 billion in March, a 1.6% increase from February and the third straight monthly rise, Statistics Canada reports.
Energy sector export values for British Columbia are expected to surge by 17% this year, largely due to higher coal prices, says a forecast by Export Development Canada (EDC).
Surging crude oil prices sparked a jump in applications for pipelines in 2007, the National Energy Board (NEB) says in its just-released annual report.
The Energy Information Administration (EIA) in the United States has boosted its estimate for the West Texas Intermediate (WTI) crude oil spot price this year, which should translate into higher pricing for all petroleum products in Canada.
In order for customer choice to be effective in competitive electricity and natural gas markets, consumers need information, the retail companies require clear rules, while rates and pricing signals have to be accurate.
Manitoba Hydro's Power Smart Residential Loan Program, launched in 2001, has passed $150 million.
Six municipal projects will receive funding from the Nova Scotia Eco-trust for Clean Air and Climate Change.
The federal Freight Technology Demonstration Fund (FTDF) and the Freight Technology Incentives Program (FTIP), together part of Transport Canada ecoFREIGHT Program, have provided the initial funds to several projects across the country aimed at lowering fuel consumption and potentially reducing greenhouse gas (GHG) emissions.
Hydro-Quebec discloses it is accepting 15 bids for a total of 2,004 megawatts of wind power to come onstream in stages between 2011 and 2015.
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