Canada’s problem with its oil pipeline capacity is becoming increasingly serious as opposition to new pipelines is growing in intensity. The situation will only worsen in the coming months as Continue Reading
Will the Canadian oil producers rake in higher prices for their crude oil if they sell to Asia? Is the U.S. unfairly discounting Canada’s heavy crude oil stream – the Continue Reading
FILE PHOTO — Dump trucks are parked near crude oil tanks at Kinder Morgan’s North 40 terminal expansion construction project in Sherwood Park, near Edmonton, Alberta, Canada November 13, 2016. Continue Reading
Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares Continue Reading
A deal with a Japanese oil and gas company was among agreements reached during a recent trade visit to Asia, the provincial leader of Alberta said. Alberta Premier Rachel Notley Continue Reading
Now that multinational energy producers have sold their stakes in Canada’s oil sands, local companies are hatching plans to make some real changes. Cenovus Energy Inc. and Canadian Natural Resources Continue Reading
Chinese officials discussed clean energy during talks with the Canadian prime minister as both economies look to diversify their energy sectors. File photo by Stephen Shaver/UPI April 19 (UPI) — Continue Reading
Delays in implementation and concerns about North American trade policies create uncertainty for the western Canadian pipeline development, analysis found. A survey from IHS Markit of the pending or proposed Continue Reading
Phases in Canada’s Oil Sands We have entered a unique phase in major oil sands acquisitions in Alberta. Canadian companies are using their operational expertise, large market values, and stable Continue Reading
Only 34% of servicing businesses have no risk of insolvency Moody’s says Calfrac will likely need to restructure debt The worst may not be over for everyone in Canada’s oil Continue Reading
Central bank’s latest GDP forecast tops developed-world peers Weak exports, business investment are flies in the ointment Almost out of nowhere, Canada has become one of the fastest growing economies Continue Reading
With economic diversification on the agenda in Canada, the country’s natural resources minister said this may be the start of the era for wind energy. Wind energy advocates and government Continue Reading
Canadian crude shipments to the U.S. are poised to shrink just as the effects of OPEC-led output cuts are being felt in the Caribbean. That’s good news for Mexico and Continue Reading
The Syncrude oil sands project in northern Alberta has cut its production to zero for all of April following a fire last month, three market sources said on Monday. Syncrude, Continue Reading
After wildfires last year hobbled Alberta’s oil sector, the provincial government said Friday marks the start of enforcement of new protection regulations. Alberta lies at the center of Canada’s oil Continue Reading
Selling most of its Canadian oil sands assets to Cenovus, ConocoPhillips exceeds divestment target and is positioned to achieve more than $16 billion in asset sales by the end of Continue Reading
According to the Canada West Foundation, keeping the oil sands in the ground and stopping new pipelines “will actually increase greenhouse gas emissions” – wait, what? At an energy conference Continue Reading
Enbridge Inc. will cut 1,000 positions to reduce overlap after the Canadian pipeline giant completed its purchase of Spectra Energy Corp. in the U.S. last month. “These workforce reductions are Continue Reading
There was a time when if a Canadian exploration and production (E&P) company bought out a foreign-controlled competitor, it was not only good for the country but financially beneficial because Continue Reading
Earlier this month, Marathon Oil agreed to spend more than $1 billion on acreage in the Permian Basin, the very hottest place on the planet to drill for oil. On Continue Reading
The Canadian oil patch’s half-century bond to the U.S. market is loosening one tanker load at a time in Donald Trump’s “America First” era. Last month, a ship loaded oil Continue Reading
Canadian Prime Minister Justin Trudeau on Friday dismissed a recent string of major oil companies selling their holdings in the heavy oil sands of Western Canada and moving investments to Continue Reading
Under Prime Minister Justin Trudeau, Canada’s government is playing both sides of the fence in its national energy strategy. During Trudeau’s first 16 months, three energy projects — a pipeline Continue Reading
The Syncrude Canada Ltd. oil sands upgrading plant near Fort McMurray, Alberta, Canada, on June 4, 2015. The future of the Canadian oil sands is looking a lot more Canadian. Continue Reading
Shell remaking itself for low-carbon world, but some want more Royal Dutch Shell Plc just took a big step toward remaking itself as a natural gas company. With Thursday’s deal Continue Reading
Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $7.25 billion to Canadian Natural, the company said on Thursday. The deal also includes a Continue Reading
Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of Continue Reading
Nearly a decade ago, I got interested in finding oil and gas fields from space. That odd-sounding strategy came to me while I was living in Canada’s petro-center, Calgary. And Continue Reading
Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves. While Continue Reading
Canadian heavy crude is a cornerstone of global oil supply now and into the next decade. But growth is likely to be increasingly affected by investor sentiment soured by environmental Continue Reading
Canada’s oil sands could struggle to rebound, with potentially billions of barrels of oil being kept underground permanently. Canada’s oil sands are incredibly expensive, some of the costliest sources of Continue Reading
Reconstruction in the wake of wildfires that idled parts of its oil industry and improved energy economics means Alberta is growing, a minister said. “Alberta’s economy is forecast to return Continue Reading
Canadian stocks plunged the most in five months as earnings and dividend disappointments among gold companies, along with weakening oil prices and trepidation over President Donald Trump’s border tax proposals, Continue Reading
Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers. Exxon Continue Reading
A review board in Canada said it started a detailed approval process for the route of the expanded Trans Mountain pipeline to the western shore. The National Energy Board said Continue Reading
When oil topped $100 a barrel three years ago, the tiny village of Norman Wells in Canada’s high arctic was gearing up to be the “Dubai of the Mackenzie River,” Continue Reading
US crude exports fell by 156,000 b/d in December, to 442,000 b/d, after exports into Eastern Canada dried up, a S&P Global Platts analysis of US Census Bureau data released Continue Reading
Suncor Energy Inc.’s production rose to a record last quarter after the oil-sands giant took control of the Syncrude processing unit and put it at full throttle. Canada’s biggest energy Continue Reading
Canadian rigs are going back to the field, coaxed by higher commodity prices and greater productivity. Across the land, 345 iron masts were turning bits last week, so the year-over-year Continue Reading
How much wood could a woodchuck chuck? Okay, that’s trite, but assuming a woodchuck can chuck wood, the classic children’s alliteration leads economists to think about productivity, poetically. Now I Continue Reading
Norwegian energy major Statoil said it closed on the sale of its entire oil sands operations in the oil-rich Canadian province of Alberta. Statoil said it completed the sale of Continue Reading
A review of TransCanada Corp’s proposed Energy East pipeline will start again from the beginning, Canada’s National Energy Board (NEB) regulator said on Friday, voiding all decisions from the project’s Continue Reading
Canada’s lead pipeline regulator has voided past decisions on TransCanada Corp. ’s application for its proposed Energy East pipeline, forcing the company to start the hearing process from the beginning Continue Reading
Wall Dispute ‘Politically Explosive’ for Mexico U.S. President Donald Trump’s controversial 20 percent tax on imports from Mexico to pay for a border wall would come as a second gift Continue Reading
If there is such a thing as unwelcome good news, President Trump may have handed some to Prime Minister Justin Trudeau of Canada on Tuesday when he revived a cross-border Continue Reading
President Donald Trump’s decision to revive TransCanada Corp.’ s Keystone XL pipeline may herald a new era of pipeline abundance for Canadian oil producers after years of bottlenecks. The U.S. Continue Reading
In the snowy prairies of Western Canada, not even temperatures below -40 degrees have stopped Stampede Drilling Ltd.’s 60 recently rehired workers from manning the oil-service provider’s rigs after a Continue Reading
Trump Signs Memoranda on Keystone, Dakota Access The Canadian dollar surged after U.S. President Donald Trump moved to advance the construction of the Keystone XL pipeline, which would enable the Continue Reading
Canada’s PM Justin Trudeau sparked outrage earlier this month by saying the Alberta oil sands need to be “phased out”. Because the oil sands industry is the third-biggest employer in Continue Reading
Canadian Prime Minister Justin Trudeau sparked anger in the oil-rich province of Alberta on Friday for saying Canada needs to phase out the oil sands. Mr. Trudeau told a town-hall Continue Reading
