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Latest Headlines
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| May 14, 2008 3:07:00 PM MST
| | Judge hands Imperial Oil defeat in bid to build Kearl oilsands mine (Imperial-Kearl) | CALGARY _ A federal judge has handed Imperial Oil Ltd. (TSX:IMO) a defeat in its efforts to move ahead with the $8-billion Kearl oilsands mine _ a project environmentalists say would destroy huge tracts of boreal forest in Northern Alberta.Imperial was in court last week fighting a federal government decision to revoke a key water permit.In dismissing Imperial's challenge, Justice...
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| May 14, 2008 1:16:00 PM MST
| | Judge hands Imperial Oil defeat in bid to build Kearl oilsands mine (Imperial-Kearl) | CALGARY _ A federal judge has handed Imperial Oil Ltd. (TSX:IMO) a defeat in its efforts to move ahead with the $8-billion Kearl oilsands mine _ a project environmentalists say would destroy huge tracts of boreal forest in Northern Alberta.Imperial was in court last week fighting a federal government decision to revoke a key water permit.Justice Douglas Campbell ruled the governmen...
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| May 14, 2008 11:30:00 AM MST
| | Judge hands Imperial Oil defeat in bid to build Kearl oilsands mine (Imperial-Kearl) | CALGARY _ Imperial Oil Ltd. (TSX:IMO) has been handed a defeat in its bid to build the $8-billion Kearl oilsands mine in Northern Alberta.Federal Judge Douglas Campbell has dismissed Imperial's application to have the Department of Fisheries and Oceans reinstate a key water permit.The company has said losing the permit could set the project back by a year.In his ruling Wedn...
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| May 9, 2008 12:28:00 PM MST
| | Enerplus to go ahead with sale of Joslyn oilsands stake, reports higher first quarter profits (Enerplus) | CALGARY _ Enerplus Resources Fund (TSX:ERF.UN), a Calgary-based oil and gas trust, will go ahead with the planned sale of its minority stake in the Joslyn oilsands project in northern Alberta, the company said Friday as it reported higher profits and revenues.Enerplus said that after a strategic review of the asset, the company will sell the interest in Joslyn, a development controlled and...
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| May 8, 2008 5:33:00 PM MST
| | U.S. law could force Alberta to sell oilsands fuel to other nations:Stelmach (US-Alta-Oil) | EDMONTON _ If the United States follows through with import restrictions on "dirty" crude, Alberta will simply sell its massive oil reserves to other countries, says Premier Ed Stelmach."I'm not warning them, I'm just being frank," Stelmach said Thursday. "I'm just saying that we have options and will continue to pursue options."The U.S. is preparing to invoke legislation to prohib...
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| May 8, 2008 4:22:00 PM MST
| | Stelmach says U.S. law could force Alberta to sell oilsands fuel to other nations (US-Alta-Oil) | EDMONTON _ Alberta Premier Ed Stelmach says if the United States follows through with import restrictions on "dirty" crude from oilsands plants, the province will simply sell its massive oil reserves to other countries.The U.S. is preparing to invoke legislation to prohibit federal agencies from buying fuels that are produced with higher greenhouse gas emissions than conventional fuels, in...
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| May 8, 2008 1:36:00 PM MST
| | Japan Canada Oil Sands proposes expansion to Hangingstone project (Japan-Canada-Oil-Sand) | CALGARY _ Japan Canada Oil Sands Ltd. is proposing to expand its Hangingstone oilsands project, adding 35,000 barrels per day capacity over 25 to 30 years.No initial cost targets for the expansion were disclosed.The subsidiary of Japan Petroleum Exploration Co. Ltd. said Thursday it plans to apply for regulatory approval in 2010 after further engineering work and an environmental i...
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| May 7, 2008 5:44:00 PM MST
| | Complex legal showdown begins over Canada's latest massive oilsands mine (Oilsands-Review) | CALGARY _ An environmental showdown began Wednesday over the approval of Canada's latest massive oilsands mine, but an 11th hour submission by regulators threatens to render the entire court case irrelevant.Lawyers for Imperial Oil (TSX:IMO) went back to Federal Court in Calgary to overcome a confusing array of legal obstacles and force Ottawa to reinstate a key water permit to keep its $8...
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| May 7, 2008 1:52:00 PM MST
| | Imperial Oil fights to have key oilsands water permit reinstated (Oilsands-Review) | CALGARY _ Imperial Oil (TSX:IMO) is back in court hoping to overcome several legal scuffles that could delay the development of its $8-billion Kearl oilsands mine in northern Alberta.The case is being watched closely as environmental concerns about the province's massive oilsands projects are capturing unprecedented international attention.A lawyer for Calgary-based Imperial is arg...
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| May 6, 2008 12:58:00 PM MST
| | Finning sells C$360M of new heavy equipment to Suncor; Q1 profit flat (Finning) | VANCOUVER _ Finning International Inc. (TSX:FTT) took the occasion of its annual meeting to announce Tuesday that it has signed a $360-million contract to supply heavy equipment to Suncor Energy Inc. (TSX:SU).The big Caterpillar dealer also announced first-quarter earnings of $70.8 million, up 1.3 per cent from a year earlier, as revenue grew 3.9 per cent to $1.43 billion from $1.37 billio...
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