DIRS.INFO The most relevant business & tech news

☆ TC Energy says has not found cause of Keystone oil pipeline leak
▼ + stars: | 2022-12-11 | by ( ) www.reuters.com time to read: +1 min

Dec 11 (Reuters) - Canada's TC Energy (TRP.TO) said on Sunday it has not yet determined the cause of the Keystone oil pipeline leak last week in the United States, while also not giving a timeline as to when the pipeline will resume operation. TC shut the pipeline after more than 14,000 barrels of crude oil spilled into a creek in Kansas on Wednesday, making it one of the largest U.S. crude spills in nearly a decade. Crews are also preparing for rain forecast to begin on Monday, TC said. The 622,000 barrel-per-day Keystone line is a critical artery shipping heavy Canadian crude from Alberta to refiners in the U.S. Midwest and the Gulf Coast. Reporting by Juby Babu in Bengaluru Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON, Kansas, Dec 9 (Reuters) - Emergency crews on Friday were preparing to labor through the weekend to clean up the largest U.S. crude oil spill in nearly a decade, with workers descending on this farming community from as far away as Mississippi. This is the third spill of several thousand barrels of crude on the pipeline since it opened in 2010. U.S. regulator Pipeline and Hazardous Materials Administration said the company shut the pipeline seven minutes after receiving a leak detection alarm. Workers quickly set up a containment area to restrict oil that had spilled into a creek from flowing downstream. Even once the pipeline starts operating again, the affected area will have to flow at reduced rates pending PHMSA approval.

"We could smell it first thing in the morning; it was bad," said Washington resident Dana Cecrle, 56. It was the third spill of several thousand barrels of crude on the 2,687-mile (4,324-km) pipeline since it opened in 2010. A previous Keystone spill had caused the pipeline to remain shut for about two weeks. The spill has not threatened the water supply or forced residents to evacuate, Washington County Emergency Management Coordinator Randy Hubbard told Reuters. Workers quickly set up a containment area to restrict oil that had spilled into a creek from flowing downstream.

Dec 9 (Reuters) - The effort to remove oil from the largest crude spill in the United States in nearly a decade will extend into next week, the U.S. Environmental Protection Agency said on Friday, making it likely that the Keystone pipeline shutdown will last for several more days. TC Energy (TRP.TO) shut the largest oil pipeline to the United States from Canada on Wednesday after it leaked 14,000 barrels of oil into a Kansas creek. This is the third spill of several thousand barrels of crude on the pipeline since it first opened in 2010. A previous Keystone spill had caused the pipeline to remain shut for about two weeks. The oil spill has not threatened the local water supply or forced local residents to evacuate, Washington County Emergency Management Coordinator Randy Hubbard told Reuters.

☆ Major oil pipeline outage to hit U.S. stockpiles, refinery supplies
▼ + stars: | 2022-12-09 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

HOUSTON, Dec 9 (Reuters) - An outage on the largest oil pipeline to the United States from Canada could affect inventories at a key U.S. storage hub and cut crude supplies to two oil refining centers, analysts and traders said on Friday. TC Energy's (TRP.TO) Keystone pipeline ferries about 600,000 barrels of Canadian crude per day (bpd) to the United States. Other pipelines between Canada and the United States are at or near capacity, East Daley and data analytics firm Wood Mackenzie estimates. Gulf Coast refiners, which could suffer shortages of heavy Canadian crude, can draw on supplies from offshore Louisiana facilities and from Colombia, Mexico and Ecuador. U.S. physical crude oil grade prices were mixed on Thursday and O'Donnell at East Daley said he expects volatility to continue as long as Keystone remained offline.

☆ Canada's TC Energy has shut the Keystone pipeline after one of the largest onshore spills saw 14,000 barrels leak into a Kansas creek
▼ + stars: | 2022-12-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

TC Energy has shut the Keystone pipeline which ships crude from Alberta to the US. It halted operations after 14,000 barrels of crude oil spilled into a creek in Kansas. The affected segment of the Keystone pipeline system "has been isolated" and remains shut, the company said. It has ordered TC Energy to keep the pipeline shut until it authorizes a restart. TC Energy did not immediately respond to Insider's request for comment sent outside regular business hours.

Dec 9 (Reuters) - Crews in Kansas continued clean-up efforts on Friday after TC Energy's (TRP.TO) Keystone pipeline leaked 14,000 barrels of oil into a creek, but the cause of the largest crude spill in the United States in nearly a decade remained unknown. This is the third spill of several thousand barrels of crude on the pipeline since it first opened in 2010. While TC Energy is yet to give details on when it will restart the pipeline, a previous Keystone spill had caused the pipeline to remain shut for about two weeks. Pipeline and Hazardous Materials Administration (PHMSA) to TC on Thursday said the company shut the pipeline down seven minutes after receiving a leak detection alarm. The oil spill has not threatened the local water supply or forced local residents to evacuate, Washington County Emergency Management Coordinator Randy Hubbard told Reuters.

Dec 9 (Reuters) - TC Energy (TRP.TO) said on Friday it is evaluating plans to return its Keystone pipeline to service after it leaked 14,000 barrels of oil into a Kansas creek, the largest crude spill in the United States in nearly a decade. TC Energy was expected to restart flows on the segment of the pipeline extending to Patoka, Illinois, Bloomberg News reported earlier, citing sources. This is the third spill of several thousand barrels of crude on the pipeline since it first opened in 2010. TC Energy remained on site with around 100 workers leading the clean-up and containment efforts, and the EPA was providing oversight and monitoring, Ashford said. The oil spill has not threatened the local water supply or forced local residents to evacuate, Washington County Emergency Management Coordinator Randy Hubbard told Reuters.

☆ A trail of oil: Keystone pipeline's history of oil spills
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

The following is a timeline of some of Keystone's biggest oil spills, along with recent other spills of crude, both onshore and offshore. 2016April: TC shut down the pipeline after about 400 barrels of oil leaked in Hutchinson County, South Dakota. 2017November: TC shut part of the Keystone pipeline system after a leak in South Dakota, caused by mechanical damage from original construction. 2019February: Portions of the Keystone pipeline were shut down after 42 barrels of oil leaked on land in rural St. Charles County, Missouri. OTHER ONSHORE SPILLS:Since 2010 there have been two spills of crude oil larger than this most recent Keystone spill.

☆ Oil gives up earlier gains
▼ + stars: | 2022-12-08 | by ( ) www.cnbc.com time to read: +2 min

Brent crude lost 50 cents, or 0.7%, to $76.67 a barrel, while U.S. West Texas Intermediate (WTI) crude shed 16 cents, or 0.2%, to $71.85. Oil prices rose after the company announced the closure, which occurred at about 8 p.m. CT Wednesday (0200 GMT Thursday), but market sentiment has since shifted. While U.S. crude inventories fell last week, gasoline and distillate inventories surged, adding to concern about easing demand. Both Brent and U.S. crude hit 2022 lows on Wednesday, unwinding all the gains made after Russia's invasion of Ukraine exacerbated the worst global energy supply crisis in decades and sent oil close to its all-time high of $147. The queues suggest that "available supply from the Black Sea is already affected by the punitive measure," said Tamas Varga of oil broker PVM.

Companies TC Energy Corp FollowBENGALURU/WINNIPEG, Dec 8 (Reuters) - Canada's TC Energy on Thursday said it shut its giant Keystone pipeline due to an oil spill into a Kansas creek, and it is unclear how long the line will be closed. The 622,000 barrel-per-day Keystone line is the primary artery shipping heavy Canadian crude from Alberta to refiners in the U.S. Midwest and the Gulf Coast. Keystone shut the line at about 8 p.m. CT on Wednesday (2 a.m. Thursday GMT) after alarms went off and system pressure dropped, the company said in a release. "The system remains shut down as our crews actively respond and work to contain and recover the oil," the release said. Two Keystone shippers said TC had not yet notified them how long the pipeline may be shut down.

☆ A new species of penguin-like diving dinosaur has been discovered
▼ + stars: | 2022-12-04 | by ( Zoe Sottile | ) edition.cnn.com time to read: +4 min

CNN —A new study found evidence at least one species of dinosaur may have been an adept swimmer, diving into the water like a duck to hunt its prey. The study, published in Communications Biology on December 1, describes a newly-discovered species, Natovenator polydontus. Scientists from Seoul National University, the University of Alberta, and the Mongolian Academy of Sciences collaborated on the paper. The Natovenator specimen is very similar to Halszkaraptor, another dinosaur discovered in Mongolia, which scientists believe was likely semiaquatic. “There is a real question of, OK, you’ve got a swimming dinosaur in the desert, what’s it swimming in?” he said.

"I remember reading a book once called, 'Sacred Cows Make the Best Burgers,'" Poirier said at the company's investor day. Calgary, Alberta-based TC is widely known for its Keystone oil pipeline, a critical artery for moving Canadian oil to U.S. refiners that dominated headlines over the past decade for an expansion that ultimately failed. Keystone could fetch TC C$12.8 billion, said CIBC analyst Robert Catellier in a note. He added that reducing TC's oil exposure would help it reach its emissions-reduction goals. TC's stake in the Millennium natural gas pipeline in New York state is another logical sale candidate and could fetch $1 billion, said Scotiabank analyst Robert Hope.

☆ A Penguin-Like Shape May Have Helped This Dinosaur Dive
▼ + stars: | 2022-12-01 | by ( Kate Golembiewski | ) www.nytimes.com time to read: +1 min

And then there are penguins, which plunge a quarter-mile deep into icy waters in search of food. It now seems that modern birds are not the only dinosaur group to embrace the plunge-and-prey lifestyle. A team of researchers say they have found the earliest example of an extinct dinosaur with a body that was streamlined for diving. They described the dinosaur discovery in the journal Communications Biology on Thursday. The new duck-size dinosaur was at first overlooked.

☆ Black Friday and Cyber Monday editors' picks: What our staff bought
▼ + stars: | 2022-11-30 | by ( Gabriella Depinho | Gabriella Depinho Is A Production Coordinator For Select On Nbc News. | ) www.nbcnews.com time to read: +12 min

Black Friday and Cyber Monday are two of the busiest shopping events of the year. Some of our staff purchased tried and true favorites that needed replacing, like beloved Lululemon running sneakers or perfume. I bought the Kalorik MAXX 10-in-1 because I have a large household and its 26-quart capacity can cook an entire rotisserie chicken. They’re lightweight yet supportive, and great for running outdoors or on the treadmill.” — Zoe Malin, associate updates editor“My brother and I bought this iPad for my mother's Christmas present. It also comes with a dishwasher-safe scraping tool for easy clean-up, says Cuisinart” — Mili Godio, associate reporter“I bought this cute toiletry bag that looks roomy.

☆ Alberta, Canada, quake revised down to 4.8 magnitude-EMSC
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: 1 min

Nov 29 (Reuters) - An earthquake measuring 4.8 magnitude struck the Canadian province of Alberta on Tuesday, the European Mediterranean Seismological Centre said. The quake, which stuck 357 kilometers (222 miles)northwest of the city of Edmonton, was at a depth of 2 km, EMSC said. EMSC revised the magnitude after first reporting the earthquake was of magnitude 5.9. Reporting by Akriti Sharma in Bengaluru Editing by Chris Reese and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Alberta Premier Danielle Smith seeks more autonomy from Canada in new bill
▼ + stars: | 2022-11-29 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

Nov 29 (Reuters) - The government of Canada's main oil-producing province Alberta introduced proposed legislation on Tuesday to resist federal laws it deems harmful to Alberta, fulfilling a controversial promise from new Premier Danielle Smith. If passed, the bill, known as the Alberta Sovereignty Within a United Canada Act, would give the province a legislative framework to defend its jurisdiction in areas such as natural resources, gun control, and health and education. Trudeau avoided commenting directly on the Sovereignty Act when asked by reporters on Tuesday. Smith became premier in early October and promised to introduce the Sovereignty Act as her first piece of legislation. read moreThe government said nothing in the proposed act undermines any existing treaties with First Nations.

We're buying 100 shares of Devon Energy (DVN) at roughly $67.41 each. Following Monday's trade, the Trust will own 400 shares of DVN, increasing its weighting in the portfolio to 0.93% from 0.7%. But we're going to be small buyers of the dip, choosing to add to our position in exploration and production company Devon Energy . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Kevin McCarthy could face a floor fight for speaker. That hasn’t happened in a century.
▼ + stars: | 2022-11-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kyle-Stewart-Circle-Byline-Template.Jpg | Kyle Stewart | ) www.nbcnews.com time to read: +8 min

Republican leader Kevin McCarthy is struggling to secure the 218 votes he needs to be elected speaker of the House in January. In this game of chicken, if the conservatives don’t blink and McCarthy refuses to back down, it could result in a chaotic floor fight with House members taking multiple votes for speaker — something that has not happened in a century. The House was called to order at noon and the chamber moved to the first order of business: electing the speaker. The House held three more unsuccessful votes for speaker that day before adjourning just after 2 p.m. The date was Feb. 2, 1856, two months after the first speaker vote.

☆ See police try to wrangle runaway ostriches in Alberta
▼ + stars: | 2022-11-26 | by ( ) edition.cnn.com time to read: 1 min

A farmer's flock of ostriches escaped and ran wild in Alberta, Canada, leaving onlookers in awe and Mounted Police officers in the dust. Source: CNN

☆ Canada's Alberta province forecasts C$12.3 bln budget surplus
▼ + stars: | 2022-11-24 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

Nov 24 (Reuters) - Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economic risks are increasing as high inflation, rising interest rates and geopolitical unrest slow global activity. The estimated surplus is less than the C$13.2 billion surplus forecast in August, due to weakening global oil prices, but still marks a dramatic turnaround from recent years when Alberta posted sustained deficits. The government expects bitumen royalties to hit C$19.4 billion this year and said non-renewable resource revenues were the main driver of the surplus. The province is planning to use the surplus to pay down debt by C$13.4 billion in this fiscal year ending March 31, 2023, reducing debt to C$79.8 billion. The 2023/24 surplus estimate is C$5.6 billion, and C$5.3 billion in 2024/25.

Conservative-led governments in oil-producing Alberta and Saskatchewan are demanding Liberal Prime Minister Justin Trudeau's government cede more power on issues from climate policy to gun control. Provinces already manage non-renewable natural resources, while the federal government has some jurisdiction over the environment. Alberta's proposed legislation "undermines the authority and duty of the sovereign nations that entered into treaty," Treaty 8 First Nations Grand Chief Arthur Noskey said in the statement. First Nations only agreed in treaties to share their land to "the depth of a plow," said Chief Bobby Cameron of Saskatchewan's Federation of Sovereign Indigenous Nations, meaning agreements did not cover oil or minerals deeper underground. The backlash against Alberta and Saskatchewan sovereignty mirrors Indigenous opposition to Quebec's attempt to secede from Canada in a 1995 referendum which it narrowly lost.

☆ Nickelback will be inducted into the Canadian Music Hall of Fame
▼ + stars: | 2022-11-20 | by ( Zoe Sottile | ) edition.cnn.com time to read: +1 min

CNN —Nickelback’s dream to be “big rockstars” might just be coming true with the band’s induction to the Canadian Music Hall of Fame. The much-memed Canadian band will be officially added to the Hall of Fame in March 2023, according to a news release. The band follows singer-songwriter Deborah Cox, who was inducted in 2022, and Jann Arden, inducted in 2021. Many of their most iconic songs – like “Rockstar” and “Photograph” – come from their fifth studio album, “All the Right Reasons,” released in 2005. The Canadian Music Hall of Fame, launched in 1978 to recognize the success of Canadian artists, is located in Calgary, Alberta.

☆ NHL roundup: Trevor Moore's first career hat trick carries Kings
▼ + stars: | 2022-11-17 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

[1/5] Nov 16, 2022; Edmonton, Alberta, CAN; Edmonton Oilers forward Zach Hyman (18) and Los Angeles Kings forward Trevor Moore (12) battle for a loos puck during the second period at Rogers Place. Mandatory Credit: Perry Nelson-USA TODAY SportsNovember 17 - Trevor Moore scored all three goals for the visiting Los Angeles Kings in a 3-1 win against the Edmonton Oilers on Wednesday night. It was the first hat trick of Moore's five-year NHL career and just his third multigoal game. Zach Hyman scored and Stuart Skinner stopped 29 shots for the Oilers, who have lost five of their past seven games. Buffalo goalie Eric Comrie gave up two goals on 24 shots before leaving the game late in the second period with an injury.

A sale of Westbrick would mark an exit from the Canadian oil and gas production business for KKR. KKR has owned Westbrick for a decade, longer than most of its investments, making a sale logical, one of the sources said. KKR invested C$250 million in Westbrick when it was a smaller producer in 2012. Apart from Westbrick, KKR's other investments in Canada include gas processing assets and a stake in the Coastal GasLink pipeline under construction. "Anyone who knows me knows that Westbrick has been for sale every day since our existence," he told Reuters via email.

Search resuls for: "alberta"

25 mentions found