Oil & Gas
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TC Energy applauds Nebraska court victory over opponents of Keystone XL pipeline
The court’s decision was a victory for the US$8-billion project
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China announces tariff hike on $75B of U.S. products
The hike is in addition to import duties on U.S.-made autos and auto parts. Conflict over trade and technology could tip the global economy into recession
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Pembina CEO says ‘noise’ makes Trans Mountain pipeline bid unlikely
CEO Mick Dilger was non-committal when asked if Pembina would consider buying the pipeline, which Kinder Morgan sold to the federal government last year
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Manufacturing sales beat forecasts in June despite falling 1.2%, says StatCan
Sales were down in 16 of 21 industries, representing 68% of total manufacturing sales. Petroleum and coal product sales fell 3.8% to $6.3 billion in June
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Pembina buying Kinder Morgan Canada and U.S. portion of Cochin pipeline
The deal also includes an Edmonton storage and terminal business and Vancouver Wharves, a bulk storage and export-import business
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Husky Energy shares rise on analyst report about potential privatization
An analyst says going private would allow Husky to capture much of the gap between its market value and base net asset value of $19.53 per share
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Eurozone inflation even lower than thought in July at 1%
The core rate, which strips out the volatile items of energy, food, alcohol and tobacco, was even lower at 0.9%
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Pipeline rupture sends 40K litres of oil into Alberta creek
Calgary-based Bonterra says cleanup and recovery is expected to continue for the next three weeks
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Group wants new agency to oversee oil and gas industry in British Columbia
The Crown corporation is accused of serving the interests of the industry and a provincial government that promotes fossil fuel development
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ExxonMobil fined $40K after near miss on rig off Nova Scotia last fall
The oil and gas company was not in compliance with drilling regulations when five workers narrowly escaped injury when a 15-metre chain fell nearly 18 metres to the deck
