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by Stockwatch Business Reporter

West Texas Intermediate crude for May delivery lost 44 cents to $80.63 on the New York Merc, notching a slight weekly loss, while Brent for May lost 35 cents to $85.43, notching an even slighter weekly gain (all figures in this para U.S.). Western Canadian Select traded at a discount of $14.20 to WTI, up from a discount of $15.10. Natural gas for April lost two cents to $1.66. The TSX energy index lost a fraction of a point to close at 277.56.

A group of Canada's largest oil sands companies is about to seek regulatory approval for a $16.5-billion carbon capture pipeline project. The group, officially named Pathways Alliance and comprising six companies (Canadian Natural Resources Ltd. (CNQ: $100.79), Cenovus Energy Inc. (CVE: $26.35) ConocoPhillips Canada, Imperial Oil Ltd. (IMO: $92.16), MEG Energy Corp. (MEG: $30.62) and Suncor Energy Inc. (SU: $48.85)), confirmed to various media outlets that it will file an application any day now with the Alberta Energy Regulator (AER). The proposal would see them build one of the largest carbon capture projects in the world, a 400-kilometre pipeline to carry emissions from 20 oil sands facilities to an underground storage hub.

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