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
