National Energy Board News
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British Columbia’s provincial election threatens to stymie efforts by Canadian Natural Resources Ltd. and other Alberta oil-sands companies to sell crude to Pacific markets.
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U.S. oil exports are poised to reach the highest level in 28 years as deliveries to Canada more than triple, helping bring down the price of the global benchmark Brent crude relative to U.S. grades.
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Canada’s national energy regulator has omitted marine transportation from draft conditions for Enbridge Inc.’s proposed Northern Gateway oil pipeline through British Columbia.
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TransCanada Corp., Canada’s second- largest pipeline company, won permission from the country’s National Energy Board to lower tolls on its Mainline natural gas pipeline that has seen declining volumes as eastern Canada gets more of the fuel from shale in the U.S. Northeast.
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Canadian national and provincial energy regulators will review the safety requirements for offshore drilling projects in a bid to prevent an oil spill similar to the one in the Gulf of Mexico.
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Adrian Dix, British Columbia’s main opposition leader who opposes Enbridge Inc.’s proposed Northern Gateway pipeline, says he will take back the power to block such projects if his New Democratic Party forms the next government in the Canadian province.
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TransCanada Corp.’s proposed $7.6 billion Keystone pipeline system, which would take crude from Alberta’s tar sands down through the Midwest and on to Texas and the Gulf Coast refineries, could be scuttled because of concerns about its potential impact on a major aquifer in Nebraska.
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Canada may take months to complete a review of offshore oil and gas drilling regulations in the wake of the spill at a BP Plc well in the Gulf of Mexico that began April 20, the country’s top energy regulator said.
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Thomas Mulcair, leader of Canada’s main opposition party, said oil companies hoping to build infrastructure needed to reach export markets would have more success if his party were in power.
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Canada is the U.S.’s most important energy partner and the most responsible choice for crude imports, Joe Oliver, Canada’s natural resources minister, said today at the IHS CERAWeek conference in Houston.
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