What Are The Long Term Effects Of The Oil Crash For Canada?
It should come as no surprise that the oil price crash has hit Canada particularly hard. Much of the Canadian economy’s strength in the last few years was built around Continue Reading
Oil-Sands Megaprojects are Finished on Grim Price Outlook
Lower-for-longer market forecasts mean megaprojects on hold The era of megaprojects in Canada’s oil sands is probably over as crude is seen staying lower for longer, some of the biggest Continue Reading
Canadian oil sands producers target single-digit sustaining capital
Alberta’s leading oil sands producers are currently working on ways to reduce the sustaining capital for their projects in order to maintain global competitiveness and also attract investment, executives said Continue Reading
Canadian energy sector in sharp decline
An energy group in Canada said it estimated the two-year spending trends in the oil and gas sector were at their lowest level in more than 60 years. The Canadian Continue Reading
Record drop in Canadian energy sector spending
Spending in Canada’s oil and natural gas sector has fallen by a record C$50bn (US$38bn) over the past two years, according to an industry group representing oil and gas producers Continue Reading
Oil and Gas Capital Spending Set for Record Drop in Canada
Canada’s oil and gas companies will slash investments by 35 percent in 2016, a record two-year decline that underscores a need for new pipelines, the industry’s main advocacy group says. Continue Reading
Calgary Home Market Struggles With Oil Bust
In Calgary, March home sales volume tumbled 11% from the same period last year. The housing market in Calgary, capital of Canada’s struggling energy sector, has been hit so hard Continue Reading
Canada Resources Minister Says Pipelines Crucial to Growth
New pipelines built in an environmentally sound way and with the blessing of Canada’s aboriginal communities are crucial to economic growth, the country’s resources minister says. Canadian Resources Minister Jim Continue Reading
TransCanada Shuts Keystone Pipeline
TransCanada said Monday that… TransCanada Corp. said Monday that it had shut down its Keystone oil pipeline due to a possible leak in South Dakota. Workers found signs of oil Continue Reading
Canada’s Ever-Shrinking Oil Industry Braces for More Job Cuts
After almost two years of sinking oil prices and at least 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations. The next round of layoffs has Continue Reading