Canada’s Economy Shows Signs of Life Beneath Oil-Fire Damage
Output grows 0.6% in June to cap grim second-quarter result Data suggests GDP ‘to get a nice lift in the third quarter’ Canada’s economy grew at the fastest pace in Continue Reading
The Best Way To Unlock Canada’s Crude Exports
Anyone who has ever tried to start a car in -40?C weather knows the challenges of living in the true white north. Oil becomes almost solid, and all the tried Continue Reading
Canada May Ask Oil Firms to Pay Extra for Far-Offshore Drilling
Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, Continue Reading
Cnooc Posts 1st Half-Year Loss on Canadian Oil Sands Charge
Reports first-ever half year loss at 7.74 billion yuan Total output slips more than 5% from second half of 2015 Cnooc Ltd. posted its first-ever half-year loss as crude’s plunge Continue Reading
Trudeau Faces Split Aboriginal Groups in Kinder Morgan Ruling
Canada’s government to decide soon on pipeline expansion Prime minister has to balance native demands with growth needs In the rolling country of central British Columbia, Michael LeBourdais’s Whispering Pines Continue Reading
Stimulus package emerges for scorched parts of Canada
Still recovering from wildfires that caused mass evacuations, the provincial government in Alberta said it was introducing a stimulus package for businesses. “The government of Canada remains fully committed to Continue Reading
China Ramps Up Predatory Acquisitions In Canadian Oil & Gas
Oil workers Chinese companies have been a major acquirer of Canadian oil & gas companies as they look for a strong presence in the country with the 3rd largest oil Continue Reading
$40 Billion In Spending Planned For Canada’s Oil Sands
The oil sands of Alberta have attracted a lot of attention recently, not just because of the wildfires that took a lot of production offline in May, but also because Continue Reading
Petronas May Delay Canadian LNG Project
Malaysia’s state oil company is considering delaying a Canadian liquefied-natural gas project over concerns about oversupply and cheap competing fuels, according to two people familiar with the matter. Petroliam Nasional Continue Reading
Canada GDP Shrinks Most Since 2009 as Wildfires Crimp Oil Output
Canada’s gross domestic product contracted at the fastest pace in more than seven years in May as wildfires curbed Alberta oil production. Canada’s gross domestic product contracted at the fastest Continue Reading