An annual review of the budget for oil-rich Alberta found total revenue came in lower than budgeted, though the provincial finance minister was upbeat. The decline in crude oil prices Continue Reading
A Canadian high court dealt another blow Thursday to Enbridge Inc.’s proposed Northern Gateway pipeline after it overturned a 2014 government order granting the company permission to build a corridor Continue Reading
Canada’s oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, most of which will come from the expansion of existing facilities rather than Continue Reading
TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama’s rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday. Continue Reading
Canadian oil output is forecast to decline this year for the first time since 2009 after a wildfire in northern Alberta curtailed more than one million barrels a day for Continue Reading
Canada can play a major role on the global oil market provided the right infrastructure is in place, the Canadian Association of Petroleum Producers said. “Canada has an important role Continue Reading
Even with the addition of exports of liquefied natural gas, exports from Canada are expected to drop off substantially in the years ahead, a regulator said. Canada relies heavily on Continue Reading
Penn West Petroleum Ltd. shares surged the most in more than two decades after Teine Energy Ltd. agreed to buy oil-producing properties for C$975 million ($762 million) in cash. Penn Continue Reading
The International Monetary Fund said on Monday that Canada is coping well with lower oil prices and weaker growth, but needs to pursue a fiscal and monetary policy mix that Continue Reading
Harbir Chhina helped develop the game-changing steam technology that allowed companies to tap the world’s third-largest reserves in Canada’s oil sands. It was a moonshot that paid off. Now the Continue Reading
