Canadian producer Suncor offers climate assurances
Canadian oil production from a facility in Alberta has the same greenhouse gas intensity as U.S. oil, the head of producer Suncor said. Suncor said it’s completed its $13 billion Continue Reading
Oil vs wild rice: Enbridge, opponents gear up final U.S. pipeline push
Canada’s Enbridge Inc ( ENB.TO ) faces an indefinite delay to its biggest-ever capital project if a U.S. state regulator denies its preferred pipeline route through Minnesota, but a victory Continue Reading
Canadian Oil Has Record Day After Enbridge Scraps New Rules
Canadian crude surged by the most ever after Enbridge Inc. said it won’t implement a new procedure to stop shippers from claiming more space than they can use on a Continue Reading
Why Justin Trudeau wants to keep Trans Mountain expansion alive
Like father, like son. In 1975, Pierre Trudeau, Canada’s then prime minister, set up Petro-Canada, a national oil company. Four decades later his son Justin, the present prime minister, is Continue Reading
Shell brings new partner behind Canadian LNG plans
Shell’s subsidiary in Canada said a transaction that gives Malaysian energy company PETRONAS a stake in a planned LNG facility isn’t a statement on timing. Shell and its equity partners Continue Reading
Canada finance minister defends Trans Mountain purchase
Canada’s decision to buy Kinder Morgan Canada Ltd’s Trans Mountain pipeline was brought about by a “particularly problematic” situation and is not a symbol of how things get done in Continue Reading
Trudeau’s Pipeline Takeover Is Bittersweet Win for Oil Sands
Canada’s purchase of Kinder Morgan Inc.’s embattled pipeline is good news for the oil patch, so long as it doesn’t become the norm. While the $3.5 billion Trans Mountain takeover Continue Reading
Malaysia’s Petronas to take 25 percent stake in LNG Canada
Malaysia’s Petronas said on Thursday it had agreed to buy a 25 percent stake in the LNG Canada project. Petronas will buy the equity stake in the project in British Continue Reading
The Oil Giant That Outsmarted Trudeau
In a desperate bid to keep its last remaining proposed oil pipeline alive, Canada has decided to buy Kinder Morgan’s Trans Mountain Pipeline system for an estimated C$4.5 billion. Canada Continue Reading
Canada to buy Kinder Morgan oil pipeline in bid to save project
Canada will buy Kinder Morgan Canada Ltd’s ( KML.TO ) Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, hoping to save a project that faces Continue Reading