24News.ca

HALIFAX - Nova Scotia's offshore petroleum regulator has granted BP Canada Energy Group approval to begin drilling a well off the province's coast. The Aspy D-11 exploration well is the first in BP Canada's Scotian Basin Exploration Project, which could see up to seven exploration wells drilled off the southeast coast of Nova Scotia over a three year period. Source

So, you read all the headlines in 2017 about the millions of dollars to be made in cryptocurrencies like bitcoin and ethereum, and you took the investment plunge. Maybe you made big money, maybe just a few thousand dollars. Source

Tesla is beset by production problems and swimming in debt, its bonds are considered junk status, its stock has more people betting against it than any other major company. There are real concerns it won't be able to raise enough cash to keep going. Source

Three years after the devastating oil price crash, optimism is back in the industry as prices are surging toward $70 US per barrel, and thoughts of $100 return. The rosy outlook is a far cry from early 2016, when prices dropped below $30 US per barrel. Source

The federal government may have a Plan B, if Kinder Morgan pulls the plug on the Trans Mountain pipeline. But the energy sector is still waiting on Plan A to be unveiled. Ottawa believes another proponent could step forward if Kinder Morgan bails on Trans MountainOn a conference call with analysts, Kinder Morgan's chief executive Steve Kean said that there were no signs that the political roadblocks were going to be removed. Source

The federal government may have a Plan B, if Kinder Morgan pulls the plug on the Trans Mountain pipeline. But the energy sector is still waiting on Plan A to be unveiled. Ottawa believes another proponent could step forward if Kinder Morgan bails on Trans MountainOn a conference call with analysts, Kinder Morgan's chief executive Steve Kean said that there were no signs that the political roadblocks were going to be removed. Source

TORONTO -- Some Canadian marijuana sector companies are getting pushback against their marketing efforts from social media platforms and government officials as legalization of recreational pot looms and regulations are not yet final. Lift & Co, which hosts industry events and offers cannabis education, has had its YouTube account suspended and Facebook ad account deactivated, with both companies citing a policy violation. Source

PHILADELPHIA -- Southwest is sending a letter of apology, a $5,000 check and a $1,000 travel voucher to passengers who were on a flight that made an emergency landing in Philadelphia following an engine explosion. Source

The U.S. Federal Aviation Administration on Friday ordered ultrasound inspections of hundreds of jet engines like the one that blew apart at 32,000 feet in a deadly accident aboard a Southwest Airlines plane. The agency said the directive affects 352 engines on new-generation Boeing 737s, a twin-engine jet that is a workhorse of the aviation industry, used by airlines around the world. Source

WINNIPEG - The Manitoba Metis Federation and the province have agreed to a two-week "reset" to avoid meeting in court over planned hydro projects. Metis federation president David Chartrand and Crown Services Minister Cliff Cullen had a private meeting to discuss a deal between the federation and Manitoba Hydro. Source