Canada is in close contact with the United States about the oil price crash and its effect on the industry, Canada’s Deputy Prime Minister and Minister of Intergovernmental Affairs Chrystia Continue Reading
Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canada’s oil patch. Two months ago, the Continue Reading
The last major oil-sands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian price war and the Covid-19 pandemic. Teck Resources Ltd., one of Continue Reading
A Canadian company said Tuesday it plans to start construction of the disputed Keystone XL oil sands pipeline through the U.S. Midwest in April, after lining up customers and money Continue Reading
China National Offshore Oil Corporation (CNOOC) is postponing this year’s planned drilling campaign offshore Canada’s east coast because of the coronavirus pandemic, the Chinese state-held oil firm told CBC News Continue Reading
The Covid-19 virus and the ongoing oil price war have created such a large global supply surplus that Western Canada’s oil production will need to be cut from April by Continue Reading
The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and could announce it as soon as next week, the Globe Continue Reading
As if the market crash threating their jobs wasn’t stressful enough, workers in Canada’s oil-sands are bracing for the coronavirus to upend life in the remote camps where they’re lodged. One Continue Reading
While U.S. crude oil imports from OPEC and Mexico have slumped over the past decade and a half, crude imports from Canada have more than doubled due to the price Continue Reading
The United States and Canada closed their mutual border to “non-essential traffic” on Wednesday while President Donald Trump moved to speed up medical equipment production and said hospital ships would Continue Reading
In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada. Hit by unfettered supply from the world’s top two crude exporters and Continue Reading
Alberta’s government could mandate further cuts to oil production if rising crude supplies and falling prices threaten the survival of drillers in the province. Crude-by-rail shipments are poised to collapse to Continue Reading
The North American energy sector is nearing a tipping point that will soon decide whether to build a series of oft-delayed and heatedly debated pipelines designed to move more Canadian Continue Reading
Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy, underscores a global struggle to Continue Reading
Canadian police moved on Monday to clear an indigenous rail blockade in Ontario that has crippled freight and passenger rail traffic in most of eastern Canada for nearly three weeks. Continue Reading
Teck Resources has withdrawn its application for a regulatory review of the Frontier oil sands project, the company said in a news release . “Investors and customers are increasingly looking Continue Reading
Teck Resources’ withdrawal of its application for the major Frontier oil sands mine in Alberta exacerbates uncertainty for the Canadian upstream as the country’s political leaders clash over climate goals Continue Reading
As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources’ Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for Continue Reading
A small cluster of flags and windswept tents sits near railroad tracks east of Toronto, where protesters are preventing trains from passing through a key commercial corridor, threatening Canada’s already Continue Reading
With concerns growing over fuel shortages and layoffs, Prime Minister Justin Trudeau came under increasing pressure Tuesday to end a rail blockade by Indigenous protesters that has shut down the Continue Reading
A major Canadian rail company is shutting down trans-continental train services amid blockades protesting a pipeline in British Columbia. CN Rail says it will be forced to shut down its Continue Reading
Some of the world’s largest financial institutions have stopped putting their money behind oil production in the Canadian province of Alberta, home to one of the world’s most extensive, and Continue Reading
The Canadian police on Monday began moving against protesters who had set up transportation blockades around the country in sympathy with an Indigenous group’s campaign to halt construction of a Continue Reading
The fate of the latest oil sands mining project in Alberta may be decided by the estimates of carbon emission from the province’s oil and gas industry—and Alberta and the Continue Reading
The federal Canadian government is preparing a financial aid package for Alberta in case it decides against a controversial large-scale oil sands project, Reuters reports , citing sources close to Continue Reading
Enbridge, which wants to change the contract terms on the largest Canadian oil pipeline network, believes that Canadian producers who have opposed that change may want to stall a review Continue Reading
Teck Resources is uncertain it will go ahead with a planned oil sands project that is awaiting the approval of the federal Canadian government, the Canadian Press reports , citing Continue Reading
Another billion-dollar energy project is polarizing Canada once again, but this time, it’s got nothing to do with pipelines , or even LNG terminals . It’s the Frontier oil sands Continue Reading
The expansion would almost triple to 890,000 barrels a day the shipping capacity on the line. (Bloomberg) — Canadian Prime Minister Justin Trudeau is losing support for a plan to Continue Reading
An Alberta association of landowners who have oil and gas sites on their properties has called on its members to cut off power to drilling sites of companies that have Continue Reading
Tough times are continuing for Alberta’s oil and gas country, with the amount of unpaid property taxes that oil and gas companies owe to Alberta towns has more than doubled Continue Reading
PM Justin Trudeau’s bid to complete the Trans Mountain oil pipeline won a major victory Thursday as Canada’s top court rejected an appeal brought by British Columbia aimed at challenging Continue Reading
Temperatures of -30 degrees Celsius and lower have descended on Alberta and Saskatchewan – cold enough to render the region’s viscous oil rock solid. (Bloomberg) — An arctic blast sweeping Continue Reading
Prices for heavy crude in Canada have fallen to $36.66 per barrel, once again coming under pressure because of limits on pipeline capacity. Western Canada Select (WCS) typically trades at Continue Reading
The largest refinery in Canada, Irving Oil’s 320,000-barrels-per-day Saint John Refinery in New Brunswick on the East Coast, has scrapped its specific carbon emissions reduction target for next year, adopting Continue Reading
Canadian shipments of crude by rail are poised to surge next year, spurring investment in new export infrastructure. Crude-by-rail capacity in Alberta is expected to grow by 100,000 barrels a Continue Reading
In 35 years of working in Alberta’s oil patch, home to the world’s third-largest crude reserves, Ray Mildenberger endured a volatile industry’s ups and downs without being laid off. That Continue Reading
Canada’s federal government has returned security deposits that oil majors had paid to drill in Canadian Arctic waters which are currently off limits until 2021, but even if Canada lifts Continue Reading
President Trump is on track to secure a political victory by forging a breakthrough with congressional Democrats to update the North American trade pact. But in a sign the agreement Continue Reading
German automaker Volkswagen AG ( VOWG_p.DE ) on Monday was charged with importing nearly 128,000 vehicles into Canada contravening the country’s environmental legislation, a Canadian government agency said. Volkswagen was Continue Reading
Any investor or prospective investor googling “Alberta”–Canada’s key oil-producing province–will likely give up before clicking any further, at this point. The results will be a string of bleaker-than-bleak forecasts for Continue Reading
Oil sands development to lead increase Forecast assumes pipeline completions Energy use per person to decline Calgary — Canada’s oil output will grow nearly 50% to exceed 7 million b/d Continue Reading
Canada’s biggest oil companies sent mixed signals with a series of budget announcement this week, with some upbeat about next year and others more cautious, with plans to cut spending Continue Reading
Completion expected by mid-2022 WCS price discounts widens to allow more rail Calgary — Canadian government-owned Trans Mountain this week started the construction of its 590,000 b/d pipeline expansion, which Continue Reading
Canadian oilsands operation Syncrude has reduced its December crude oil production by 1.6 million barrels according to Reuters, citing three market sources. The production cutback was due to a operational Continue Reading
Two of Canada’s largest oil sands producers, Husky Energy and Suncor, had some bad news for investors this week. Husky said it will slash capital spending for next year and Continue Reading
Canada’s struggling oil-sands industry has a plan to cut costs while exporting more of their crude: make it even heavier. (Bloomberg) — Canada’s struggling oil-sands industry has a plan to Continue Reading
Ted Clugston remembers the first time he saw his father cry. Decades later, the mayor of Medicine Hat, Alberta, still nurses a grudge for the man he holds responsible: then-Prime Continue Reading
Crude-by-rail shipments from Canada’s oil-rich province Alberta have nearly halted, while other provinces face critical shortages of propane, as the strike at Canadian National Railway drags on for a fourth Continue Reading
More than 3,000 railway conductors, train persons, and yard workers at Canadian National Railway (CN) went on strike at midnight on Tuesday, threatening to disrupt crude by rail shipments out Continue Reading
