Canadian heavy crude benchmark Western Canadian Select at Hardisty fell sharply Friday after TransCanada shut its 600,000 b/d Keystone pipeline Thursday following a leak. Sources said WCS traded Friday at Continue Reading
Canada’s oil industry faces multiple headwinds on top of an oil bust that has changed the global industry over the past few years. Canadian producers are selling their oil at Continue Reading
When Canada’s federal government issued a five-year moratorium on oil and gas drilling in the Arctic at the end of last year, the environmentalist community rejoiced, just as it did Continue Reading
Support for the expansion of the Trans Mountain pipeline from Alberta to British Columbia is support for the economy, the premier of oil-rich Alberta said. Alberta Premier Rachel Notley is Continue Reading
‘The Duvernay formation is one of the most prospective liquids-rich shale plays in North American,’ Chevron Canada President Jeff Gustavson. Following a three-year appraisal program, Chevron Canada Limited has decided Continue Reading
Canadian oil and gas drilling activity will climb 5 percent in 2018 as a gradual uptick in crude prices gives rise to cautious optimism among producers, an industry body forecast Continue Reading
Despite the Canadian government’s efforts to curb carbon emissions and expand the adoption of renewable energy systems, the country’s crude oil production will only continue to grow in the next Continue Reading
A modest rebound in oil and gas prices in international markets has given Calgary and Alberta the distinction of being the fastest growing metropolitan areas in Canada this year, according Continue Reading
Hydro-Quebec seeks to supply energy to New York, Massachusetts Power would help replace losses from closing nuclear reactors The key to replacing aging nuclear plants in the U.S. Northeast may Continue Reading
A federal regulator in Canada confirmed it closed its files on the Energy East oil pipeline after planner TransCanada folded its tent on the project. The National Energy Board was Continue Reading
TransCanada Corp’s decision this week to scrap its $12 billion Energy East pipeline and delays to other export pipeline projects look set to increase producers’ reliance on costly crude-by-rail to Continue Reading
Canadian pipeline company TransCanada cancels plans for its Energy East pipeline after a regulatory review on potential emissions and spills. Map courtesy of TransCanada Oct. 5 (UPI) — Canadian pipeline Continue Reading
Following an eight-month streak of increases, Canada’s real gross domestic product (GDP) was essentially flat in July, driven down by a decline in oil and gas extraction, Statistics Canada said Continue Reading
On Sept. 30, 1967, the Great Canadian Oil Sands facility opened north of Fort McMurray, Alta., with much fanfare, bunting and speeches by politicians. It was the first large-scale commercial Continue Reading
The Duvernay field in Canada’s western province of Alberta holds the country’s largest marketable resources of unconventional light shale oil and condensate, according to a new report from the national Continue Reading
The claim that building more pipelines to carry Canada’s oil sands production to ports for export will unlock significantly higher prices for bitumen is not supported by either past or Continue Reading
The parties behind the Trans Mountain oil pipeline to Canada’s western coast haven’t yet completed what they need to for the environment, a regulator found. The National Energy Board approved Continue Reading
Through one of the largest investments in provincial history, expansions to an oil sands project in Alberta triggers big gains in output, its premier said. Alberta Premier Rachel Notley was Continue Reading
Alberta Premier Rachel Notley cut the ribbon that marked the official opening of an oil sands expansion project near Fort McMurray on Wednesday. The new project is expected to produce Continue Reading
Wildfires raging in southwestern Alberta have prompted Shell to shut down 24 natural gas wells and pipelines around them, Canadian media reported, adding that other companies, including Questfire Energy and Continue Reading
TransCanada Corp ( TRP.TO ) will suspend the application for its Energy East pipeline for 30 days and may abandon the project, the company said on Thursday, weeks after Canada’s Continue Reading
Canada’s oil-producing regions saw the highest increase in insolvencies over the 12 months to June 2017, according to the latest insolvency report by the federal government. Total insolvencies in Alberta Continue Reading
Energy companies that sat on the sidelines during other recent trade negotiations are getting more involved on Nafta. (Bloomberg) — The Trump administration is easing environmental regulations and opening up Continue Reading
Last year, the bilateral trade of energy (including natural gas, oil and power) between the U.S. and Canada was about U.S $55 billion, with oil being 80 percent of the Continue Reading
A crude oil storage tank at Kinder Morgan’s Trans Mountain Pipeline terminal is seen in Kamloops, British Columbia, Canada November 15, 2016. Chris Helgren CALGARY, Alberta (Reuters) – A Canadian Continue Reading
On a sparsely populated island off the coast of the northwestern United States, more than a hundred environmental activists gathered last weekend to practice seaborne drills to disrupt construction on Continue Reading
French energy services company TechnipFMC said it would work with Canadian company Husky Energy to develop the reserves off the eastern Canadian coast. TechnipFMC will supply and install some of Continue Reading
Canadian heavy crude differentials widened on Monday in quiet trade as some market players anticipated refinery shutdowns in the storm-hit U.S. Gulf Coast region backing up crude supplies in Canada. Continue Reading
While the United States, Mexico, and Canada are due to meet for a second round of NAFTA talks on Friday, the Texas Association of Business welcomes proposed U.S. legislation that Continue Reading
The provincial economy in oil-rich Alberta is expected to grow faster than expected, though some metrics paint a mixed picture of the recovery, data show. The provincial government forecast growth Continue Reading
Canadian oil sands producers such as Cenovus and MEG Energy impressed investors in the second quarter as prices of heavy crude rose, but those gains are expected to be short-lived. Continue Reading
Canada’s oil industry has faced a lot of strain lately. The list of oil majors selling off assets and withdrawing from high-cost oil sands is long. ConocoPhillips, Royal Dutch Shell, Continue Reading
Alberta Premier Rachel Notley hails the start of construction of an Enbridge oil pipeline feeding U.S. states as representatives gear up for NAFTA negotiations. Photo courtesy provincial government of Alberta Continue Reading
The government of British Columbia, Canada’s westernmost province, vowed Thursday to use every legal option to stop construction of Kinder Morgan Inc.’s planned expansion of a pipeline connecting the Alberta Continue Reading
The lowered exports of OPEC heavy crude grades to North America are tightening the price spread between WTI and Western Canadian Select (WCS), cutting into the refining margins of U.S. Continue Reading
The Petroleum Services Association of Canada (PSAC) has updated its 2017 Canadian Drilling Activity Forecast to reflect an increase in its projected total number of wells to be drilled during the year Continue Reading
The Canadian oil sector should expect growth in exploration and production, but its place on the global stage is still uncertain, a trade group said. The National Energy Board said Continue Reading
A battle over whether energy-company creditors should help pay for cleaning up thousands of abandoned oil wells in Canada may be heading to the country’s Supreme Court. At the center Continue Reading
Canada’s struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Continue Reading
A $27 billion energy project in Canada just became the latest casualty of a worldwide glut of natural gas. Malaysia’s Petroliam Nasional Bhd abandoned on Tuesday its plans for the Continue Reading
Canada stills needs to find ways to get its gas assets out of North America, TransCanada says after a project slated for British Columbia was scrapped. File photo by Stephen Continue Reading
Petronas drops high-profile LNG plans in British Columbia Plummeting prices threaten projects from Australia to Russia A $27 billion energy project in Canada just became the latest casualty of a Continue Reading
A managed decline of the tar sands isn’t a popular idea in Alberta, or in Canada for that matter. The idea of sunsetting the tar sands industry is about as Continue Reading
After Baghdad obtained a Canadian warrant to seize a tanker of Kurdistan exports, the Neverland has sailed back into the Atlantic Ocean. A tanker loads Kirkuk crude at the Turkish Continue Reading
The oil tanker loaded with crude from Kurdistan and thought to be headed to the U.S. before it turned off its tracker after exiting the Strait of Gibraltar a week Continue Reading
As Opec glares at the surge in US shale production that is threatening to derail its attempt to balance the oil market, it may also want to cast an eye Continue Reading
Producers have little choice but to move those extra barrels by train, with costs two to three times higher than pipeline shipping. (Bloomberg) — Call it the pipeline pinch, or Continue Reading
The old saying goes, “ The road to hell is paved with good intentions”. And so it goes for the myriad of new regulations, taxes and restrictions forced upon the Continue Reading
In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem Continue Reading
Canada’s Mordor, as environmentalists like to call the oil sands, is notorious for how “dirty” oil extraction is there. It’s also notorious for how expensive it is to extract. The Continue Reading
