In hearings begun Monday concerning the inter-provincial boundary dispute between Nova Scotia and Newfoundland and Labrador — which could ultimately decide how oil and gas reserves offshore should be divided — Nova Scotia’s legal team told the arbitration tribunal that the current line is an “equitable offshore boundary,” and — “all other considerations are subordinate.”
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Enbridge Developing New Brunswick Distribution
Enbridge Gas New Brunswick, Canada, won a 20-year renewablefranchise to develop a gas distribution system for the province ofNew Brunswick. The award was made by the provincial governmentfollowing evaluation of competitive bids submitted earlier thisyear. Enbridge Gas New Brunswick is a joint venture betweenEnbridge Inc., with a 63% interest, and 28 local New Brunswickinvestors.
British Columbia Gearing Up for Faster Development
Moving right along on the road to increased Canadian productionand exports, the provincial government in British Columbia hastaken the first step toward removing regulatory roadblocks bycreating a single agency to deal with the oil and gas industry andlocating it in producer territory. The B.C. government alsoanounced it has made peace with native communities on behalf of theindustry.
NGI The Weekly Gas Market Report
Producers Launch Sable Island; Promise Deliveries in 22 Months
With all regulatory approvals in place at both Federal andProvincial levels, sponsors of the Sable Island Offshore EnergyProject last week signed both their key commercial agreements andthe Facilities Alliance Agreement to engineer, construct andinstall production and gathering facilities to handle delivery of 3.5 Tcf of gas from offshore Nova Scotia. This formally commits theowners to the $2 billion first phase, which will deliver the firstgas in late 1999.