Canadian drillers add most oil rigs in two years: Baker Hughes
Energy firms in Canada more than doubled the number of rigs drilling for oil this week to the highest level in almost two years as producers returned en masse from Continue Reading
As Sun Sets on Canada Energy, Grafton Eyes Renewables
Grafton Asset Management Inc., a firm that has brought foreign investment into Canada’s oil and gas industry, is looking to add alternative energy to its portfolio for the first time Continue Reading
Trudeau’s Energy Boss Turns to Electricity After Oil Decisions
It was a tumultuous autumn for Jim Carr. Canada’s pipeline point man was a key player in decisions by Prime Minister Justin Trudeau’s government to approve a major liquefied natural Continue Reading
U.S., Canadian voices chime in on drilling ban
U.S. and Canadian voices debated the wisdom of the indefinite ban on oil and gas work in some of its territorial waters, the Arctic in particular. As part of a Continue Reading
Statoil Exits Production in Canadian Oil Sands
Canadian oil sands, selling off its assets to Athabasca Oil Corp. and taking a loss of at least $500 million. The move ends Statoil’s nearly decadelong foray into oil sands Continue Reading
Canada’s Liberal Government, Most Provinces Set to Endorse Climate Pact
Canada’s Liberal government and the bulk of provinces are set to endorse a pact late Friday to fight climate change, even as Prime Minister Justin Trudeau tries to revive the Continue Reading
Trudeau’s Pipeline Approval, OPEC Deal Resurrect the Oil Sands
Canadian oil sands producers are finally ready to grow again as Cenovus Energy Inc. and Canadian Natural Resources Ltd. announce they are pushing ahead with expansion projects two years into Continue Reading
Canada Fires Up Drilling Rigs On News Of OPEC Deal
Canada Oil Today marks the end of what has been one of the best weeks in two years for positive news for Canada’s battered upstream oil and gas industry. Obviously, Continue Reading
Energy East the Odd Pipeline Out as Canada Approves Two Others
The Canadian government’s approval of two major oil export pipelines may mean the death knell for a third. For more than two years, TransCanada Corp.’s proposed 1.1 million barrel-a-day Energy Continue Reading
Canada PM To Unveil Pipeline Decisions, Kinder Morgan May Get OK
Canada will announce decisions on new pipelines on Tuesday that could clear Kinder Morgan Inc’s hotly contested plan to double the capacity of its Trans Mountain project but reject Enbridge Continue Reading
Canada pipeline opponents ready to take on Kinder Morgan, Ottawa
If Canada approves Kinder Morgan’s Trans Mountain pipeline expansion, the company’s four-year campaign for the project will be far from over. Next up is a battle against hardening opposition amongst Continue Reading
Canada Aims to Fully Phase Out Coal Power by 2030
Canada plans to completely phase out traditional coal power by 2030 and will work with the country’s four remaining provinces that still burn the fossil fuel to reach the overall Continue Reading
Canada oil sands Asia export dream faces port bottleneck
The bullish view for Suncor Energy Inc ( SU.TO ), Cenovus Energy Inc ( CVE.TO ) and other Canadian energy producers calls for Prime Minister Justin Trudeau by next month Continue Reading
Trudeau Clears Path for Canada to Approve Kinder Morgan Pipeline
Green measures give PM political cover for Dec. 19 decision Local lawmaker decries recent moves as ‘lipstick on a pig’ Prime Minister Justin Trudeau has set the table for Canada Continue Reading
Israel’s Delek examines offshore Canada
Israeli conglomerate Delek Group confirmed it secured the rights to explore for reserves in the deep waters off the coast of Newfoundland. Delek Group said it secured the rights to Continue Reading
Trump Presidency Could Be Good For Canadian Oil
Canadian oil Trump’s presidency could benefit Canada’s oil industry in no small way, one commodity investment adviser has told the Globe and Mail. According to Tim Pickering, Trump’s ambition to Continue Reading
Royal Dutch Shell to Sell $1 Billion of Western Canadian Assets in Latest Divestment
Royal Dutch Shell has agreed to sell Western Canadian shale-oil and gas assets valued at… Shell said Thursday it would sell developed and undeveloped acreage in the Canadian provinces of Continue Reading
Canada says oil pipeline capacity lacking
Oil transportation from the Canadian market remains dependent in part on rail transport because of insufficient pipeline capacity, a federal report said. Canada last year was the fourth largest producer Continue Reading
Canada-U.S. oil pipelines resume operations after activists halt flow
Five oil pipelines disrupted by environmental protesters were back up and running on Wednesday, although at least one of the lines that carry millions of barrels of crude from Canada Continue Reading
Alberta looks to power government buildings with solar
The provincial government of Alberta said it was looking at whether solar power could replace expiring contracts to power its buildings. Alberta’s government issued a request for information on the potential Continue Reading
Canada Oil Sands in Race With Shale, Batteries for Survival
Canada’s oil-sands industry is in a race with other forms of crude production and emerging technologies such as electric cars to remain a relevant energy source in the coming decades, Continue Reading
Trudeau Outlines Canadian Carbon Pricing Plan
Canadian Prime Minister Justin Trudeau, shown here at a news conference last month, presented a… OTTAWA—Canadian Prime Minister Justin Trudeau on Monday unveiled a national carbon-pricing proposal that sets a Continue Reading
Trudeau says Canada to implement carbon tax
Raw: View Inside School Bus Crash in Rural Texas AP OTTAWA, Ontario (AP) — Canadian Prime Minister Justin Trudeau says Canada will implement a tax on carbon emissions by 2018 Continue Reading
Pipeline Split Among Canada Aboriginals Seen as Risk to Wealth
Top indigenous leader says projects would benefit communities First Nations must be part of discussions, Bellegarde says The split in support for oil pipelines among indigenous Canadians is putting livelihoods Continue Reading
Three new oil sands projects approved in Alberta
Three new oil developments in the Fort McMurray area could add up to 95,000 barrels of oil per day to current output, Alberta’s government said. The provincial government approved three Continue Reading
Canada: We must adapt to low growth
The faster the economy of oil-rich Canada adjusts to slower growth, the more secure the situation will be, a senior central bank official said Wednesday. “We have to adapt to Continue Reading
Trudeau Said to Plan Pipeline Approval, Favor Kinder Morgan
PM set to green-light at least one major project in first term Canada aims to balance economic and environmental concerns Canadian Prime Minister Justin Trudeau plans to approve at least Continue Reading
Canada’s Oil Future Has Been Hijacked
How Did Alberta’s Oil Future End Up With Pipeline Companies? How did the value of your house and your future employment opportunities end up in the hands of owners/operators of Continue Reading
Oil-rich Alberta unveils jobs package
The provincial Canadian government in oil-rich Alberta said it was pushing forward with a jobs plan as the region’s economy drags down the nation. The federal Bank of Canada said Continue Reading
Suncor Energy Seeks Permission to Abandon Some Oil-Sands Assets
Suncor Energy Inc., SU -0.58 % Canada’s largest oil producer, is in talks with government officials for permission to “strand,” or abandon, some high cost and greenhouse gas-intensive crude-oil deposits, Continue Reading
Canada’s Economy Shows Signs of Life Beneath Oil-Fire Damage
Output grows 0.6% in June to cap grim second-quarter result Data suggests GDP ‘to get a nice lift in the third quarter’ Canada’s economy grew at the fastest pace in Continue Reading
The Best Way To Unlock Canada’s Crude Exports
Anyone who has ever tried to start a car in -40?C weather knows the challenges of living in the true white north. Oil becomes almost solid, and all the tried Continue Reading
Canada May Ask Oil Firms to Pay Extra for Far-Offshore Drilling
Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, Continue Reading
Cnooc Posts 1st Half-Year Loss on Canadian Oil Sands Charge
Reports first-ever half year loss at 7.74 billion yuan Total output slips more than 5% from second half of 2015 Cnooc Ltd. posted its first-ever half-year loss as crude’s plunge Continue Reading
Trudeau Faces Split Aboriginal Groups in Kinder Morgan Ruling
Canada’s government to decide soon on pipeline expansion Prime minister has to balance native demands with growth needs In the rolling country of central British Columbia, Michael LeBourdais’s Whispering Pines Continue Reading
Stimulus package emerges for scorched parts of Canada
Still recovering from wildfires that caused mass evacuations, the provincial government in Alberta said it was introducing a stimulus package for businesses. “The government of Canada remains fully committed to Continue Reading
China Ramps Up Predatory Acquisitions In Canadian Oil & Gas
Oil workers Chinese companies have been a major acquirer of Canadian oil & gas companies as they look for a strong presence in the country with the 3rd largest oil Continue Reading
$40 Billion In Spending Planned For Canada’s Oil Sands
The oil sands of Alberta have attracted a lot of attention recently, not just because of the wildfires that took a lot of production offline in May, but also because Continue Reading
Petronas May Delay Canadian LNG Project
Malaysia’s state oil company is considering delaying a Canadian liquefied-natural gas project over concerns about oversupply and cheap competing fuels, according to two people familiar with the matter. Petroliam Nasional Continue Reading
Canada GDP Shrinks Most Since 2009 as Wildfires Crimp Oil Output
Canada’s gross domestic product contracted at the fastest pace in more than seven years in May as wildfires curbed Alberta oil production. Canada’s gross domestic product contracted at the fastest Continue Reading
Suncor Mulls Stranding Some Oil in Bid to Cut Costs, Save Planet
Suncor Energy Inc. is discussing with the Alberta government leaving some oil-sands bitumen in the ground in order to lower emissions and reduce costs, Chief Executive Officer Steve Williams said. Continue Reading
Canada phasing out some oil railcars early
Getting older rail cars that carry crude oil out of service quicker means eliminating the weakest link in the chain of safety, the Canadian government said. Canadian Transport Minister Marc Continue Reading
Nexen to Cut 350 Jobs in Canada After Oil-Sands Explosion
Unit of Cnooc says upgrader not repairable in short term Company to contine bitumen production at Long Lake site Cnooc Ltd.’s Nexen Energy unit will eliminate 350 jobs this year Continue Reading
Energy could be included in Canada-Ukraine trade deal
Energy ties have the potential to strengthen under a newly-minted trade agreement between Canada and Ukraine, ministers said Monday. Canadian Prime Minister Justin Trudeau and his Ukrainian counterpart, Volodymyr Groysman, Continue Reading
Shell-Led Group Delays Decision on Canada Gas Export Plan
LNG Canada cites industry challenges, capital constraints Project says it can’t confirm when it plans final decision Royal Dutch Shell Plc and its partners delayed for the second time this Continue Reading
Canada’s Oil-Sands Industry Girds for Leaner Times
As the Canadian oil-sands hub of Fort McMurray, Alberta, battles to rebuild after wildfires that ripped through in May, the industry that made it a boomtown is contemplating the end Continue Reading
Oil-Sands Crude Returns to U.S. Market When It’s Less Needed
U.S. oil imports from the north fell to lowest since April Canadian oil is back to market after Alberta wildfire Canadian oil-sands producers who are restoring production after wildfires are Continue Reading
Oil Bust Continues To Take Its Toll On Canadian Economy
The fallout from the commodities price rout may prove to be more lasting than that of the 2008 global financial crisis. Economies dependent on oil and minerals have borne the Continue Reading
Move Over Canada, U.S. Shale Gas is Here to Stay
A Canadian Energy Research Institute survey has found that the country’s natural gas exports will continue to slide over the coming years, with their market share eaten up increasingly by Continue Reading
Canadian Court Strikes Down Enbridge Gateway Pipe Approval
Company considering “next steps,” according to statement Court heard arguments from environmental groups, first nations Canada’s Federal Court of Appeal ruled to overturn Enbridge Inc.’s permits for the Northern Gateway Continue Reading