Canada’s Suncor trims spending
Canadian energy company Suncor, after a success hostile takeover of a rival, reported a fourth quarter net loss of almost $1.5 billion. The company reported an operating loss of $18.9 Continue Reading
Suncor Energy Posts Loss
Suncor Energy Inc., SU 3.06 % Canada’s largest crude-oil producer, late Wednesday reported a fourth-quarter net loss of $2 billion Canadian dollars ($1.45 billion) and slashed its 2016 capital spending Continue Reading
Canada’s Prime Minister Signals Support for Environmentally Sustainable Oil Pipelines
Canadian Prime Minister Justin Trudeau on Wednesday pledged to seek greater global market access for Alberta’s oil-sands crude as long as it can be done in an environmentally sustainable manner. Continue Reading
Alberta to Subsidize New Petrochemical Plants
The government of Alberta said Monday it would provide up to 500 million Canadian dollars ($357 million) in subsidies to support new petrochemical plants, part of a plan to help Continue Reading
Once Unstoppable, Tar Sands Now Battered from All Sides
Canada’s tar sands industry is in crisis as oil prices plummet, pipeline projects are killed, and new governments in Alberta and Ottawa vow less reliance on this highly polluting energy Continue Reading
New Oil-and-Gas Royalty Rate System in Alberta to Penalize High-Cost Producers
Alberta on Friday said it would introduce a new oil-and-gas royalty rate system next year designed to penalize higher-cost producers. Oil-sands producers will be exempted from the new system and Continue Reading
Enbridge builds footprint in Montney shale
Spending $380 million to build a stronger footprint in the Montney shale basin in Canada fits with creating a low-risk profile, Enbridge Inc. said. Enbridge acquired gas plants and pipeline Continue Reading
Canada Toughens Environmental Review for Two Pipeline Plans
Two proposed pipeline projects will have to wait longer for a verdict from the Canadian government and will have to submit to carbon-emissions testing to gain approval as part of Continue Reading
Investment in Canadian oil and gas to be further slashed
Investment in Canada’s oil and gas industry is forecast to fall again this year as companies continue to respond to the fall in prices by cutting back on drilling and Continue Reading
Canada’s Carbon Cap May Crimp Oil Giants’ New Reserves
Canada’s efforts to curb greenhouse-gas emissions are calling into question oil majors’ ability to tap the world’s third-largest oil reserves. The new left-leaning government of the Canadian province of Alberta, Continue Reading