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LNG Canada remains concerned about CGL cost increase
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Nisga a LNG proponents file with Canadian regulators
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HaiSea Marine orders five tugs for LNG Canada contract
May 28, 2021 4:25:pm
Summary
by: Dale Lunan
Posted in:
HaiSea Marine orders five tugs for LNG Canada contract
HaiSea Marine, a joint venture of Haisla Nation and Seaspan, has entered into a contract with Turkey’s Sanmar Shipyards for a fleet of five tugboats that will support the Anglo-Dutch Shell-led LNG Canada project in Kitimat, on Canada’s west coast.
The tugboat fleet, based on designs from Vancouver naval architect Robert Allen Ltd selected by LNG Canada and HaiSea Marine earlier this year, will consist of two dual-fuel (LNG and diesel) RAstar 4000-DF escort tugs and three ElectRA 2800 battery-powered harbour tugs
Canada’s TC Energy reports Q1 loss on Keystone XL
May 7, 2021 4:15:pm
Summary
by: Dale Lunan
Posted in:
Canada’s TC Energy reports Q1 loss on Keystone XL
Canadian energy infrastructure company TC Energy said May 7 it had a Q1 2021 net loss of C$1.1bn (US$900mn). It said that was mostly due to a $2.2bn impairment taken when US president Joe Biden revoked the presidential permit for the Keystone XL crude oil pipeline project in January. Net income in Q1 2020 was C$1.1bn.
Comparable earnings for the quarter were C$1.1bn, unchanged from a year ago, while comparable Ebitda slipped to C$2.49bn from C$2.53bn, reflecting reduced contributions from Mexico gas pipelines, liquids pipelines and power and storage operations.
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