Surge in Commodity Prices Brings Drilling Boom to Alberta
A total of 6,563 wells have been finished in Alberta this year with more than two months to go, versus 6,166 in all of last year. Alberta’s oil and gas Continue Reading
Justin Trudeau Defends Canada’s Minuscule Climate Progress
A bevy of climate policies championed by Canadian Prime Minister Justin Trudeau have not yet translated into steep pollution cuts in the country. Trudeau speaks during the Ottawa Climate Conference Continue Reading
Canada would back ‘economically viable’ new LNG terminals -finmin
Canada will look at supporting more liquefied natural gas (LNG) terminals as long as they are economically feasible because they are needed to keep the world from burning coal Continue Reading
Drax: UK power station owner cuts down primary forests in Canada
Drax, Britain’s biggest power station, generates electricity by burning millions of tonnes of imported wood pellets By Joe Crowley and Tim Robinson BBC Panorama A company that has received billions Continue Reading
France’s TotalEnergies plans to spin off Canadian oil sands assets | Reuters
TotalEnergies (TTEF.PA) said on Wednesday it is looking to spin off its Canadian oil sands operations and list the new company on the Toronto Stock Exchange, as the assets do not fit Continue Reading
Powerful storm Fiona hits Nova Scotia
Powerful storm Fiona slammed into eastern Canada on Saturday with hurricane-force winds, nearly a week after devastating parts of the Caribbean. The U.S. National Hurricane Center said the center of Continue Reading
U.S. Refiners May Soon Purchase More Canadian Crude
Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive releases from the Continue Reading
Explainer: Why western Canada has some of the cheapest natural gas in the world
Despite soaring global demand for natural gas, Canadian producers are struggling with volatile prices and deep discounts at Alberta’s AECO hub, one of the largest storage facilities in North America Continue Reading
New Canadian air rules risk higher costs, fares -airline group
Canadian airlines face potentially higher costs as new rules that take effect on Thursday broaden passenger refund requirements to cases of canceled or long-delayed flights outside of carriers’ control, an Continue Reading
Can Canada Boost Oil Production While Reducing Its Emissions?
As demand for oil and gas around the world soars, Canada is determined to boost oil production in order to ensure supply. If Canada hopes to meet its carbon reduction Continue Reading
Canada sees west coast LNG revival as world scrambles for gas
(LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals. This time, companies are focusing on smaller Continue Reading
Canada Studies Direct LNG Exports To Europe
Canada studies the feasibility of direct LNG exports to Germany. Trudeau: “we will do what we can to contribute to the global supply of energy.” In the short term, Canada Continue Reading
Germany touts possible ‘major role’ for Canadian LNG in shift away from Russia
Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the Continue Reading
Canada sends repaired Nord Stream turbine to Germany, Kommersant reports
Canada sent a turbine for the Nord Stream gas pipeline to Germany by plane on July 17 after repair work had been completed, Kommersant newspaper reported on Monday, citing people Continue Reading
Trudeau: Decision To Return Russian Gas Turbine Was “Very Difficult”
Canadian Prime Minister Justin Trudeau said that the sanctions exception it made to return Russia’s repaired gas turbine was a “very difficult” decision to make, Reuters reported on Wednesday. Canada Continue Reading
Europe Gas Falls as Return of Key Pipeline Part May Ease Tension
European natural gas fell after Canada said it would return a stranded turbine for a key Russian pipeline to Germany, raising optimism that tensions with Moscow over energy supplies will Continue Reading
Canadian heavy crude increasingly priced to move from US Gulf Coast
Highlights differentials Urals shipments to China, India, upend traditional crude flows Canadian heavy crude increasingly is flowing more to the US Gulf Coast since new pipeline capacity recently came online, Continue Reading
Pipelines unclogged, but Canadian crude now faces U.S. Gulf Coast glut
After long being deeply discounted for years because of a lack of pipelines, Canadian heavy crude is finally trading like a “North American” grade, moving in tandem with U.S. sour Continue Reading
Oil Sands Crude Prices Nosedive as Russian Bans Upend Market
Canadian heavy crude prices have collapsed as the European war upends global market flows and makes oil sands crude less valuable. Western Canadian Select’s discount to benchmark West Texas Intermediate Continue Reading
Crop Land ‘Deteriorating’ in Canada as Excess Rain Hinders Planting
Farmers in parts of Canada’s Prairies are struggling to get crops in the ground as heavy rains continue to wallop the eastern region in the latest threat to global grain Continue Reading
Canadian Hydropower Destined for U.S. Hits a Roadblock in Maine
Hundreds of feet below a remote forest near Hudson Bay, Serge Abergel inspected the spinning turbines at the heart of the biggest subterranean power plant in the world, a massive Continue Reading
Canada’s Ridley Terminals coal exports fall 44.5% on year
Met exports at six-year low for corresponding month Thermal coal shipments decrease 23.5% on month Coal exports from Ridley Terminals in British Colombia dropped to 373,310 mt in March, down Continue Reading
New York Clears $4.5 Billion Plan to Bring Hydropower to Big Apple
Regulators approved a $4.5 billion transmission line that will deliver Canadian hydropower to New York City, a key component of the Empire State’s efforts to eliminate carbon from its power Continue Reading
New York State backs long-term Canadian hydropower project
New York State on Thursday approved a multi-billion-dollar, long-term project by Montreal-based public utility Hydro-Quebec (QBEC.UL) to deliver hydropower to parts of New York City. Hydro-Quebec said its U.S. partner, Continue Reading
Canada’s Oil Boom Constrained By Workforce Shortage
While $100 oil incentivizes increased production in Canada’s crude-producing province of Alberta, the ramp-up of production is being held back by an issue all too familiar to the U.S. shale Continue Reading
Canadian 2021 crude imports slid to lowest since 1988, says CER
Crude oil imports into Canada in 2021 dropped to their lowest in more than three decades as domestic supply from pipelines increased while a major refinery in Newfoundland remained idle, Continue Reading
As Trade With Russia Halts, Countries Turn to Canada
Two weeks after Russia invaded Ukraine, Brazil’s agriculture minister was on a plane to Canada to head off a potential crop crisis. Brazil, one of the world’s largest agricultural producers, Continue Reading
Canada says it can boost oil, gas exports to help replace lost Russian supply
Canada has the capacity to increase oil and gas exports by up to 300,000 barrels per day (bpd) by the end of 2022 to help improve global energy security following Continue Reading
Feature: Ample Canadian crude pipeline, rail export capacity exists if output rises
Highlights Canadian pipeline bottleneck ended Q4 2021 More pipeline, rail and barge projects in progress Canadian volumes ramping up, but not dramatically As crude oil prices have surged, so to Continue Reading
$100 Oil Is A Wakeup Call For Canadian Producers
Bloomberg: demand for drilling rigs in Canada has jumped to the highest in years. $100 oil has sparked change in the Canadian oil patch. Natural Resources Minister Jonathan Wilkinson said Continue Reading
EXCLUSIVE Canada looking at boosting oil pipeline flows to U.S. -minister
Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country’s natural resources minister said on Thursday. Continue Reading
Canada to ban imports of crude oil from Russia
Canadian Prime Minister Justin Trudeau has announced a ban on Russian oil imports following the country’s invasion of Ukraine. Mr Trudeau said oil revenues have helped to prop up President Continue Reading
Western Canada natural gas storage falls further below five-year low on firm AECO
The bitter cold biting the Lower 48 continues to affect Canada as well, driving maximum daily withdrawals from gas in storage and opening a wider deficit to the five-year low Continue Reading
Western Canada gas storage remains on track to end season at seven-year low
Western Canada’s natural gas inventory remains on track to end this winter at its lowest level recorded in at least seven years, prompting shortage concerns and possible price spikes. Receive Continue Reading
Canadian Oil Companies Are Spending On Dividends Rather Than Expansion
About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S. shale producers. Continue Reading
Operational problems hit Canada’s Suncor again, lowering oil production
Operational problems at two Suncor Energy (SU.TO) Canadian oil sands sites last month resulted in lower crude production, the company said on Tuesday, marking its latest such issue. Suncor also Continue Reading
Canada to Face Challenge in Remaining Oil Power
Canada will face challenges, according to the International Energy Agency. Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward Continue Reading
One of the World’s Dirtiest Oil Patches Is Pumping More Than Ever
Major oil companies, under pressure from investors and environmentalists, are fleeing Canada’s oil sands, the fourth-largest oil reserve in the world and by some measures one of the most environmentally Continue Reading
Canada Still Sees Future As Oil Exporter Despite Climate Ambitions
Canada has committed to reducing its emissions by between 40 and 45 percent from 2005 levels by 2030 Oil production is seen rising by as much as 18 percent by Continue Reading
Frigid Canadian winter slashes exports to US as demand soars to record highs
The effects of the Canadian cold spell continue to trickle down to the US Midwest, slashing exports to the region while propelling prices higher. Receive daily email alerts, subscriber notes Continue Reading
Canada minister defends oil sands despite pursuing emissions cuts
Canada’s new natural resources minister has defended the country’s promotion of exports from its controversial oil sands projects even as he vowed to enforce ‘aggressive” greenhouse gas emissions cuts on Continue Reading
Canada focuses on emissions to push back against dirty oil sands reputation
Highlights Suncor cites need to reduce emissions, invest in CO2 storage Enbridge, Capital Power evaluating new carbon capture project Canadian oil production is back on the rise from the pandemic Continue Reading
Trans Mountain Pipeline restarted after three weeks offline
Longest Trans Mountain closure in 70-year history Crude supplies reopened to Vancouver region, Pacific Northwest The Trans Mountain crude oil and products pipeline in Western Canada restarted Dec. 5 after Continue Reading
GE Hitachi Nuclear to build small reactor in Canada
GE Hitachi Nuclear Energy, an alliance between General Electric Co (GE.N) and Japan’s Hitachi Ltd (6501.T) will build a small modular nuclear reactor (SMR) with Ontario Power Generation (OPG) (ONPWG.UL), Continue Reading
Trans Mountain Pipeline restart still a ‘few days’ away
Highlights Partial pipeline startup possible this weekend Rail service resumed last week in Western Canada The Trans Mountain crude oil and products pipeline in Western Canada will remain shut for Continue Reading
Enbridge may face tougher fight for oil barrels, lower rates, after pipeline ruling
A Canadian regulator’s rejection last week of Enbridge Inc’s (ENB.TO) plan to sell space long-term on the country’s biggest oil pipeline dealt the company a double whammy that analysts say Continue Reading
Canada’s Ambitious New Plan To Save Its Oil Sands
Canada’s ambitious plan to utilize geothermal energy could help save its economically-dependent oil sands. The project was established to curb greenhouse gas emissions in oil production while demand for the Continue Reading
Canada’s Drilling Activity Set To Exceed 2019 Levels Next Year
Strong pricing for natural gas and the highest oil prices since 2014 support the drilling recovery in Canada Next year, a total of 6,457 wells are expected to be drilled Continue Reading
Trans Mountain targeting end-week crude pipeline restart
Trans Mountain is optimistic it can restart its 300,000-b/d crude oil pipeline, in some capacity, by the end of the week if all planning and work continues to progress and Continue Reading
Alcohol and auto parts: Canada’s warehouses fill up as floods stop flow of goods
Canada’s warehouses are filling up with everything from furniture to alcohol, after floods in British Columbia washed out critical rail and road lines, disrupting already strained supply chains. A week Continue Reading