As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country’s most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies … Read more
Last Updated: April 18, 2024, 09:10 IST Noida International Airport Partners With BPCL For Eco-Friendly Fuel Pipeline. (Photo: Business Today) Noida Airport & BPCL join forces for eco-friendly aviation fuel pipeline, cutting emissions & boosting efficiency for a greener future. In a significant move towards greener aviation, Noida International Airport (NIA) and Bharat Petroleum Corporation … Read more
Despite growing frustrations and prolonged negotiations with the federal government, a consortium of Canada’s largest oilsands companies is optimistic about having a “line of sight” in securing the certainty it needs from Ottawa to advance its proposed $16.5-billion carbon capture pipeline project. The Pathways Alliance is not expecting any new commitments in the upcoming federal … Read more
Trans Mountain’s announcement that its expanded oil pipeline would start commercial operations on May 1 has surprised analysts with an earlier-than-expected commencement on the long-delayed $34 billion project. The federal government-owned company set the date late on Wednesday, having previously said startup would happen in the second quarter. Canada is the fourth-largest oil producer but output has been … Read more
A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit certain types of subsidies for the oil and gas industry. The analysis, released today by the advocacy group Environmental Defence, estimated that Ottawa offered up at least $18.6 … Read more
The company building the Trans Mountain pipeline expansion now estimates the project’s costs will come in 10 per cent higher than its May 2023 estimate of $30.9 billion. That’s according to a regulatory filing Trans Mountain Corp. provided to the Canada Energy Regulator on Monday. It represents the latest in a series of cost increases … Read more
WestJet is facing indefinite delays on dozens of new aircraft deliveries after a panel blowout on a Boeing 737 Max plane last month that prompted a halt to production expansion at the U.S. aircraft maker. The Calgary-based carrier bought 42 Boeing 737 Max 10 jetliners in 2022, with options for 22 more — on top … Read more
A volcano in southwestern Iceland erupted on Thursday for the third time since December, sending jets of lava into the sky and triggering the evacuation of the Blue Lagoon spa, one of the island country’s biggest tourist attractions. The eruption began at about 1 a.m. ET along a three-kilometre fissure northeast of Mount Sýlingarfell, the Icelandic Meteorological … Read more
CEO pay in the oil and gas sector has soared with the industry’s post-pandemic resurgence and will likely increase even more with the completion of the Trans Mountain pipeline expansion this year, a new report projects. The report released Wednesday by the Bedford Consulting Group looked at C-Suite salaries, bonuses and other forms of executive … Read more
Alberta oil production hit an all-time record in November, as oilsands companies ramped up output to prepare for the imminent completion of the Trans Mountain pipeline expansion. The Alberta Energy Regulator says crude oil production in the province rose by 8.8 per cent in November to a new historic high of 4.2 million barrels per … Read more
