Calling the decision “profoundly disappointing,” Nova Scotia Premier John Hamm promised to defend his province’s position that it owns most of the Laurentian sub-basin, an undersea area south of the Grand Banks that may hold huge reserves of oil and natural gas. An arbitration panel rejected Nova Scotia’s contention that its marine boundary with Newfoundland was established 37 years ago.
Promised
Articles from Promised
Discovery Adds to Deep Panuke Potential
A decision is promised by spring on moving forward with aproject to increase natural gas production offshore of Nova Scotiaby at least 80%.
TransCanada’s Post-Merger Strategy Still a Work in Progress
TransCanada promised $70 million in savings to its pipelinecustomers last week as part of an ongoing effort to work outsynergies and structural issues caused by last year’s merger withNova Corp. But while the company is working on its internaloperations, other companies are sizing up TransCanada as apotential acquisition, according to Jim Oosterbaan, vice presidentfor the Alberta-based consulting firm Ziff Energy Group.
CA Electric Deregulation A Bust for Consumers
One year into electric deregulation, the benefits promisedconsumers by the California legislature have failed to materialize,making monopoly utilities the primary winners in the state’sderegulation game, according to San Francisco-based The UtilityReform Network (TURN), the state’s major utility consumer group.
CA Group Blasts Competition’s Progress
One year into electric deregulation, the benefits promisedconsumers by the California legislature have failed to materialize,making monopoly utilities the primary winners in the state’sderegulation game, according to San Francisco-based TURN, TheUtility Reform Network.
NEB Boosts Canadian Pipeline Competition
The promised new era of competition is officially off andrunning in Canadian gas transportation after the National EnergyBoard approved a small project with large implications, AECSuffield Gas Pipeline Inc.
New Rates Coming to TransCanada, Nova
Natural-gas shippers have again been promised they will gainfrom the proposed merger of TransCanada PipeLines Ltd. and NovaCorp., but not before a spell of increased tolls.