Canadian pipeline operator Enbridge Inc. ENB 0.49 % said it had asked the country’s energy regulator for a three-year extension on the deadline to begin construction of its proposed Northern Continue Reading
After declaring a loss for the first quarter, Canadian energy company Encana said it is working to cut overall costs by more than $400 million. Encana reported its revenue for Continue Reading
Encana Corp. on Tuesday reported a bigger-than-expected quarterly loss and a 79% slump in cash flow as sharply lower oil and gas prices continued to hurt the energy producer’s results. Continue Reading
Alberta’s largest-ever evacuation from a wildfire has forced tens of thousands people to flee Fort McMurray and prompted Suncor Energy Inc. to reduce output in Canada’s main oil-sands region. Oil Continue Reading
Following a string of recent deals, oil field services company Schlumberger announced it agreed to acquire a Calgary-based drilling and services company. For an undisclosed sum, Schlumberger said it entered Continue Reading
At some point – hopefully sooner than most think – the price of crude oil and natural gas will rise to levels reflecting full replacement cost, including the cost of Continue Reading
Canada’s oil production may see a small increase this year as new projects come online, but the good news stops there for the industry that has seen a 62 percent Continue Reading
CIBC World Markets Corp. Deputy Chief Economist Benjamin Tal suggests there’s another unfamiliar force Canadians ought to embrace: lower oil prices. For Alberta, the nation’s energy producing heartland, oil’s move Continue Reading
The Canadian unit of one of China’s largest oil and gas companies is on track to start operations at a new 35,000-barrel-per-day oil-sands plant later this year despite crude prices Continue Reading
Canada exported 3.2 million barrels of crude per day to the United States last year, the Energy Information Agency reported , a 10 percent annual increase and an all-time record Continue Reading
