Why Canada is the next frontier for shale oil
The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oil sands. Now Continue Reading
Only 1/3 Of Oil Patch Jobs To Return To Canada After Downturn Ends
Despite higher oil prices, only one-third of the Canadian oil patch jobs lost since 2015 are expected to return due to rapid technical innovation during the past three years of Continue Reading
TransCanada says Keystone XL interest strong enough to proceed
Pipeline company TransCanada said Thursday that commercial commitments for about 60 percent of the capacity for its Keystone XL pipeline is enough to proceed. The company said it concluded the Continue Reading
WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
Volume constraints on the Keystone pipeline system levied by U.S. regulators have widened the spread between Western Canadian Select crude prices and benchmark American crude prices , but the steep Continue Reading
Oil drillers in Canada boost rigs to 10-month high: Baker Hughes
Energy firms in Canada almost doubled the number of rigs drilling for oil this week to the highest level in 10 months as producers returned en masse from Christmas breaks Continue Reading
Canada increasingly convinced of Trump NAFTA pullout
Canada is increasingly convinced that President Donald Trump will soon announce the United States intends to pull out of NAFTA, two government sources said on Wednesday, sending the Canadian and Continue Reading
Canadian oil exports to U.S. dip in November:
Canadian exports of crude oil fell 2.4 percent month-on-month in November to 3.28 million barrels per day, Statistics Canada data said on Friday, after a decline in shipments to the Continue Reading
What’s Behind The Canadian Rig Count Crash
Canada’s rig count fell from 210 to 136 for the week ending on December 29, a massive drop off. That took the rig count to a six-month low. Obviously, the Continue Reading
Canada crude-by-rail exports to U.S. rise to six-month high
Canadian crude-by-rail exports to the United States climbed to a six-month high of 137,000 barrels per day in October, data from the National Energy Board showed on Friday, the latest Continue Reading
Alberta is leaving economic recession behind
After starting the year in recession, the oil-rich province of Alberta is entering 2018 with the fastest rate of growth in Canada, the economic minister said. At one point last Continue Reading