Blame Canada for Making the Oil Glut Worse
Some of the world’s most expensive crude lies trapped inside Canada’s oil sands. But the lingering legacy of $100 barrels means the nation is destined to exacerbate, rather than alleviate, Continue Reading
Cnooc Oil-Sands Operation in Canada to Remain Shut After Explosion
The head of Nexen Energy ULC, which is owned by Chinese state-controlled energy company Cnooc, apologized for the accident at its Long Lake facility in northern Alberta and said Cnooc Continue Reading
Oil-Sands Slump Doesn’t Feel So Bad for Canada Maintenance Crews
The companies that clean the boilers, grease the machinery and tighten the bolts are skirting the carnage in Canada’s energy patch. Even as crude trades at its lowest in 12 Continue Reading
$15 Oil? It’s Already Here, in Canada
Crude prices dipped below $30 a barrel this week for the first time in years. But for many producers, $30 oil already is a thing of the past. Most barrels Continue Reading
Crude at $10 Already a Reality for Canadian Oil-Sands Miners
Think oil in the $20s is bad? In Canada they’d be happy to sell it for $10. Canadian oil sands producers are feeling pain as bitumen — the thick, sticky Continue Reading
Canadian oil pipeline expansion snubbed by provincial government
The provincial government of British Columbia said it did not support efforts by pipeline company Kinder Morgan to expand a regional crude oil network. Kinder Morgan petitioned the federal Canadian Continue Reading
Canada gives nod to 40-year LNG export license
The federal Canadian government said it approved a 40-year export license for liquefied natural gas from a facility set for the shores of British Columbia. The National Energy Board gave Continue Reading
TransCanada to sue over KXL decision
TransCanada said it filed legal action against the United States for the rejection of the Keystone XL oil pipeline, arguing it was protecting its investments. Oil company TransCanada announced it Continue Reading
Canadian Oil Sands makes last stand
Ahead of the expiration of a hostile takeover offer, Canadian Oil Sands Ltd. said it was in a strong position to endure the weak market alone. Canadian Oil Sands is Continue Reading
TransCanada to Sue U.S. for Blocking Keystone XL Pipeline
TransCanada said on Wednesday that it would seek $15 billion in damages over the Obama administration’s decision to cancel the company’s Keystone XL pipeline project. The company is taking the Continue Reading