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Alberta Fracking Quake Fears Prompt Tougher Rules for Shale Area
Posted by Bloomberg: Rebecca Penty on February 20th, 2015
Bloomberg: Shale producers in Alberta’s Duvernay region are being asked to monitor and prevent earthquakes after regulators linked a series of seismic events over the last two months to hydraulic fracturing.
Producers must test for quakes and, if they detect seismic events greater than magnitude 2.0 on the Richter scale, take measures to reduce the impact of their activity, the Alberta Energy Regulator said Thursday. If a tremor is detected above magnitude 4.0, producers must immediately halt drilling and...
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TransCanada Says Keystone XL Start in 2015 ‘Difficult’
Posted by Bloomberg: Rebecca Penty on July 19th, 2013
Bloomberg: TransCanada Corp. (TRP) Chief Executive Officer Russ Girling said the timeline for U.S. approval of the $5.3 billion Keystone XL pipeline project will make the start of operations in the second half of 2015 “difficult.”
The CEO said a final environmental impact statement from the State Department may come in “weeks, not months,” after which there will be a 90-day review of whether the project is in the U.S. national interest. “I hope a decision can be made this year,” Girling said today in an...