While Canada’s oil crisis has stolen much of the media spotlight in recent months, Canadian natural gas producers have been going through a similar predicament—not enough takeaway capacity amid growing Continue Reading
The long-chronicled pipeline woes in Canada continue to bedevil the oil industry. Now, major Canadian companies are holding back on upstream production expansions because of the inability to ship oil Continue Reading
Exxon Mobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline Continue Reading
Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production. MEG had Continue Reading
Earlier this month when pipeline operator Enbridge said its Line 3 pipeline will only return to operation in the second half of 2020, it was very bad news for Alberta. Continue Reading
Alberta government’s decision to respond to the very low Canadian heavy oil prices with mandatory production cuts of 325,000 bpd has created a division among Canada’s oil industry. The government Continue Reading
Alberta oil producers have found a way around production limits imposed on them by the provincial government: buy the right to pump barrels from other companies that don’t need them. Continue Reading
Canada’s energy regulator recommended approval of the government-owned Trans Mountain pipeline expansion, clearing one of the major obstacles for the project to move forward. The National Energy Board said in Continue Reading
Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge Inc. reported that rationing on its heavy oil lines would increase next Continue Reading
A Canadian National Railway Co train derailed early on Saturday in Western Canada, leaking an undetermined volume of crude oil, the company said. Thirty-seven tank cars derailed near St-Lazare, Manitoba. Continue Reading
