A small liquefied natural gas project north of Vancouver is poised to move to construction in the first quarter of 2019, adding momentum to Canada’s efforts to become a significant Continue Reading
As of today, recreational cannabis consumption is legal in Canada. While many Canadian citizens and companies will be celebrating the reform, not to mention preparing to capitalize on this green-golden Continue Reading
Australia’s dwindling heavy sweet crude oil production and fluctuations in Venezuela’s Merey crude exports could prompt China to source more heavy crude from Canada, with attractive price differentials for Cold Continue Reading
Chinese refiners are buying more and more very cheap heavy Canadian crude oil to make up for the dwindling supply of Venezuela’s heavy grades as China’s road construction sector—a key Continue Reading
A gas pipeline explosion that led to the evacuation of 100 people on Tuesday is now forcing the residents of British Columbia and the state of Washington to cut their Continue Reading
Canadian oil and gas companies agreed to or proposed deals worth more than US$7.7 billion ( C$10 billion ) just in the past week and a half, tempted by lower Continue Reading
Irving Oil Corp shut its Saint John refinery in the Canadian province of New Brunswick on Monday morning after an explosion and a major fire that followed, with photos showing Continue Reading
Canadian crude plunged to a record low relative to U.S. crude, hurt by reduced capacity at American refineries and a jump in production from new oil-sands megaprojects that has overwhelmed Continue Reading
Small Canadian oil producers are striking complex deals with refineries, diversifying production and seeking marketing help as they try to soften the blow from record price discounts on heavy crude Continue Reading
Canadian heavy crude’s discount to West Texas Intermediate futures increased to the widest in almost five years, raising the specter of local oil producers curtailing operations. Western Canadian Select’s discount Continue Reading
The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to Continue Reading
The first major liquefied natural gas (LNG) project to be approved globally in five years will be built in Canada, but its underlying philosophy appears to be more closely allied Continue Reading
A massive liquefied natural gas export project in Canada has been given the final go-ahead from project partners, LNG Canada said on Tuesday, making it the first major new LNG Continue Reading
Shell and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in western Canada. (Bloomberg) — Royal Dutch Shell Plc and its four partners have Continue Reading
The next LNG investment cycle may be primed for a liftoff. Royal Dutch Shell Plc and its partners are set to announce a final investment decision on their C$40 billion Continue Reading
Mr. van Beurden said Tuesday that a consortium led by the Anglo-Dutch energy giant will decide before year-end whether to move forward with a $30 billion, liquefied-natural-gas export terminal in Continue Reading
The Permian Basin isn’t the only oil field facing pressure from pipeline bottlenecks. While global oil prices have climbed almost 20 percent this year, producers in Alberta and British Columbia’s Continue Reading
Oilfield service providers suffered the heaviest blows from the 2014 oil price meltdown—there is little question about that. And the situation was particularly grave in Canada, and continues to be Continue Reading
Transport Canada, the government department responsible for developing regulations, policies and services of transportation in Canada, will now require all unjacketed CPC 1232 tank cars that carry crude oil to Continue Reading
China’s Sinopec Corp has joined a group planning to build an oil refinery in Alberta, the project’s consultant said, an enterprise that would strengthen demand and prices for the Canadian Continue Reading
Native American tribes in Montana and South Dakota sued the Trump administration on Monday, claiming it approved an oil pipeline from Canada without considering potential damage to cultural sites from Continue Reading
Canadian crude prices are plunging once again as repairs were completed on Alberta’s second-biggest oil sands upgrader and production surged from a new mine. (Bloomberg) — Canadian crude prices are Continue Reading
The Canadian government might appeal a court ruling that overturned federal approval of the Trans Mountain oil pipeline expansion, Prime Minister Justin Trudeau said on Wednesday. Trudeau told reporters in Continue Reading
Despite a discount of more than US$20 a barrel between Canadian crude and WTI, drillers in Alberta are upbeat about the immediate future and plan to boost their drilling budgets, Continue Reading
There has been some eleventh-hour drama over the renegotiation of NAFTA, but the energy industry is likely going to dodge a bullet on that front, with the most contentious issues Continue Reading
As Canada rushes to join NAFTA negotiations, and India and the United States prepare to discuss Iranian oil imports, oil prices were down slightly heading into the Labor Day weekend Continue Reading
With one surprise court ruling, Canadian Prime Minister Justin Trudeau faces the risk of contesting next year’s election with key pieces of his economic and environmental plans in ruins. The Continue Reading
A Canadian court on Thursday overturned approval of the Trans Mountain oil pipeline expansion, ruling that Ottawa failed to adequately consider aboriginal concerns, putting the future of the C$7.4 billion Continue Reading
A Canadian energy regulator reported the average daily amount of crude oil exported by rail has nearly doubled from the previous year. Canada designates nearly all of its oil exports Continue Reading
Canada’s gas-rich province of Alberta is looking to recreate the building boom spreading along the U.S. Gulf Coast, where inexpensive natural gas generated billions of dollars in investment by petrochemical Continue Reading
The controversy of the Trans Mountain pipeline expansion projects has so far focused more on the implications of the project’s delay for Albertan crude oil producers. Yet, the developments around Continue Reading
Canada’s energy regulator on Thursday said it had given the go-ahead for the construction of a large portion of the Trans Mountain expansion project, which will nearly triple capacity on Continue Reading
Western Canada Select (WCS) recently fell below $40 per barrel , dropping to as low as $38 per barrel on Tuesday. That put it roughly $31 per barrel below WTI, Continue Reading
The ongoing political row between Canada and Saudi Arabia over Ottawa’s demand that the kingdom release detained women’s rights activists in the country is picking up momentum. Earlier this week, Continue Reading
RIYADH (Reuters) – A row over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Thursday, reassuring customers Continue Reading
Two weeks ago, it looked as if Canada’s fledgling LNG hopes would finally be resuscitated. Shell’s chief financial officer Jessica Uhl told analysts during the company’s second quarter conference call Continue Reading
Canadian heavy oil is the weakest in almost five years, leading Canada’s largest producer to focus on drilling for lighter crude. Western Canadian Select’s discount to benchmark West Texas Intermediate Continue Reading
Canada’s gross domestic product grew at a faster pace than forecast in May, led by the oil and gas industry and more specifically, oil sands. Statistics Canada reported that the Continue Reading
Canada is a leading supplier of oil , gas and electricity to the United States, so the Trump administration’s overall attitude and policies toward energy are critical to many Canadian Continue Reading
Phillips 66 ( PSX.N ) is running all the heavy Canadian crude oil the independent refiner can handle at its U.S. refineries and will not seek additional supply from a Continue Reading
Despite continued takeaway capacity constraints, Canada’s top two oil producers raised their production in the second quarter, as demand for heavy Canadian oil among U.S. Gulf Coast refiners has been Continue Reading
Norway’s Equinor and the Canadian province Newfoundland and Labrador have agreed to develop a deepwater oil project off Canada’s eastern coasts that will cost US$5.2 billion ( C$6.8 billion ), Continue Reading
Canadian National Railway (CN) expects to move more crude oil by rail in the second half of this year as it will have more capacity on its trains, chief executive Continue Reading
Volkswagen Group Canada has formed Electrify Canada, a new company that will build an ultra-fast electric vehicle (EV) direct current (DC) charging network across Canada. Volkswagen expects the network to Continue Reading
Canadian oil sands production will rise more than half a million barrels per day in 2019 and growth will moderate thereafter, according to a forecast by data firm IHS Markit. Continue Reading
Syncrude Canada on Friday told buyers it would cut crude deliveries in August by about 35 percent after an outage last month at its oil sands site in northern Alberta, Continue Reading
The president of OPEC urged Canada on Tuesday to invest in infrastructure to move oil and gas, or risk watching investment flow away to the United States. The Canadian government Continue Reading
Executives at Canada’s largest integrated oil and gas producers on Tuesday downplayed the severity of transportation bottlenecks to move oil in the near term, citing existing pipeline commitments and refining Continue Reading
Canadian energy company Suncor said its Syncrude oil sands facility, crippled by a June power outage, will be back at full capacity by September. U.S. crude oil prices were supported Continue Reading
The Syncrude oil sands site in northern Alberta is commissioning its steam systems, taking an important step toward restarting, its majority owner Suncor Energy Inc ( SU.TO ) said on Continue Reading
