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
Canada’s struggling oil-sands industry has a plan to cut costs while exporting more of their crude: make it even heavier. (Bloomberg) — Canada’s struggling oil-sands industry has a plan to Continue Reading
Ted Clugston remembers the first time he saw his father cry. Decades later, the mayor of Medicine Hat, Alberta, still nurses a grudge for the man he holds responsible: then-Prime Continue Reading
Crude-by-rail shipments from Canada’s oil-rich province Alberta have nearly halted, while other provinces face critical shortages of propane, as the strike at Canadian National Railway drags on for a fourth Continue Reading
More than 3,000 railway conductors, train persons, and yard workers at Canadian National Railway (CN) went on strike at midnight on Tuesday, threatening to disrupt crude by rail shipments out Continue Reading
The shutdown of one of Canada’s largest crude pipelines has shippers turning to rail to move their oil. (Bloomberg) — The shutdown of one of Canada’s largest crude pipelines has Continue Reading
The growing polarization in the climate change debate reveals an “extreme” lack of leadership among Canada’s politicians, MEG Energy’s chief executive Derek Evans said at an industry event, as quoted Continue Reading
An increasingly tighter supply of heavy crude will in all likelihood help Canada’s oil industry weather the unfavorable effects of the so-called IMO 2020 rules, which stipulate a much lower Continue Reading
The recently expanded Tilbury LNG terminal in Delta, B.C., has won its first export contract, facility owner FortisBC reported Tuesday. The recently expanded Tilbury LNG terminal in Delta, B.C., has Continue Reading
While Canadian oil producers are scrambling to sell their oil at a fair price due to a pipeline shortage to take away the crude to foreign markets, Canada’s own domestic Continue Reading
Chevron is seeking approval to modify its plans for a LNG export facility on Canada’s Pacific Coast to an all-electric design. (Bloomberg) — Chevron Corp. is seeking approval to modify Continue Reading
Alberta light oil producers have been decimated over the last few years, and especially so in the last nine months following the “blow up” in the Canadian light oil differential Continue Reading
Cheap, clean, safe and secure. Whether it’s petroleum products, natural gas or electricity, that’s how we like our energy. But we’re never really satisfied, are we? Our wallets feel picked by Continue Reading
An indigenous-led group plans to offer to buy a majority stake in the Trans Mountain oil pipeline from the Canadian government this week or next, a deal that could help Continue Reading
Canada’s Senate passed on Thursday two controversial bills restricting the movement of oil tankers off the northern coast of British Columbia and overhauling the assessment process for oil pipelines—bills which Continue Reading
The oil pipeline that Canadian Prime Minister Justin Trudeau’s government approved on Tuesday is slated to start shipping crude as early as 2022 and cost more than C$7.4 billion ($5.6 Continue Reading
Canada risks becoming a banana republic for its restrictive energy policy and failure to attract new investment into the sector, according to a Calgary money manager. (Bloomberg) — Canada risks Continue Reading
Canada approved construction of a contentious pipeline project on Tuesday that is expected to help the country’s struggling energy sector but is drawing attacks from environmentalists and indigenous leaders and Continue Reading
Canada declared a national climate emergency on Monday. The next day, Prime Minister Justin Trudeau gave the greenlight to a massive oil sands pipeline. The House of Commons, with strong Continue Reading
Alberta’s oil and gas industry has had a very, very rough year. With a major pipeline infrastructure deficit and major delays and setbacks for all new pipeline projects, with no Continue Reading
The new conservative Alberta government has targeted media in a campaign aimed at improving the image of the oil sands industry as presented by Premier Jason Kenney. CBC News reports Continue Reading
When Alberta’s previous government, led by Rachel Notley, instituted obligatory oil production cuts to arrest a serious discount in prices to WTI, some in the industry weren’t happy. Others, however, Continue Reading
Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and Continue Reading
Energy executives are heartened by recent developments, but realize the industry’s all-clear signal has yet to be sounded. Last year, the lack of adequate pipeline and rail export capacity to Continue Reading
Canada’s oil sands industry just can’t catch a break. Enbridge’s Line 3 pipeline is facing the prospect of more delays as it was hit with a legal setback in a Continue Reading
Wildfires in Canada are sending Canadian oil prices higher as a second oil producer is forced to shut-in production, with Cenovus Energy joining Canadian Natural Resources in halting operations due Continue Reading
Canadian Natural Resources Ltd. has evacuated its Pelican Lake and Woodenhouse operations in northern Alberta in the first major shut-in of oil production triggered by wildfires this year. The producer Continue Reading
U.S. Devon Energy announced on Wednesday an agreement to sell its Canadian business to Canadian Natural Resources for C$3.8 billion, or US$2.8 billion, as part of its plan to focus Continue Reading
François Legault, premier of Canada’s hydroelectricity-reliant Quebec province, on Sunday said he would present a sweeping plan to electrify public transport, and heating and air conditioning by the end of Continue Reading
Canada’s oil sands produce some of the dirtiest oil on the planet. Their abnormally high carbon emissions have earned Albertan oil a soiled reputation not just among environmentalists, but among Continue Reading
With pipeline shortages driving down the price of Canadian oil, the losses for the energy sector – and for Canada’s economy – are staggering. Elmira Aliakbari According to a new Continue Reading
For the first time, the Bank of Canada ranks climate change as a key weak spot in the Canadian financial system and economy, as a growing number of governments start Continue Reading
Canadian oil producers have been having a hard time after the 2014 crisis, harder than their peers elsewhere, constrained in their recovery and growth plans by a shortage of oil Continue Reading
The Canadian government is likely to proceed with expansion of the Trans Mountain oil pipeline when it announces its final decision on the conduit next month, officials familiar with the Continue Reading
Canada’s Suncor Energy produced record volumes of synthetic crude oil in the first quarter, the company said on Thursday, as it sought to maximize high-value production to offset the impact Continue Reading
A junior Canadian gas E&P company has shut down abruptly, leaving as many as 4,700 wells behind, CBC reports , quoting the Alberta Energy Regulator, which said it had sent Continue Reading
The new Alberta government has enacted a law enabling it to restrict the flow of oil and gas to neighboring British Columbia, raising the stakes in a spat between Canada’s Continue Reading
The provincial government of Alberta and the federal government of Canada are the culprits behind the continuing problems of the country’s oil industry, which have now swelled to the size Continue Reading
Alberta’s new Premier-designate Jason Kenney has wasted no time in launching his energy agenda: he plans to address British Columbia’s opposition to oil pipeline projects by threatening to turn off Continue Reading
The United Conservative Party won the provincial vote in Alberta with an overwhelming majority, promising a harder line on energy issues as a champion for the oil industry. The leader, Continue Reading
A right-of-center party swept to power in Canada’s main oil-producing province of Alberta on Tuesday and attacked Prime Minister Justin Trudeau’s efforts to fight climate change, raising tension just months Continue Reading
