Canada

News
August 15, 2019
The days when energy stocks and the price of oil moved in lockstep are now few and far between. Oil may go up but stocks still fall, and in Canada it’s the worst divergence on record.
News
August 08, 2019
Alberta’s oil production curbs finally appear to be draining inventories, at least for now.
News
August 02, 2019
A corporate tax rate cut in the oil-rich province of Alberta, boosted Exxon’s second-quarter profit by almost $500 million, according to a statement Friday. Chevron noted a $180 million non-cash tax benefit from the measure in its report.
News
August 02, 2019
U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them.
News
July 29, 2019
Alberta has relaxed the production limits it imposed on oil producers as it exports more barrels via rail and pipeline.
News
July 22, 2019
Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by shelving unused frac gear and cutting jobs in North America.
News
July 17, 2019
Heavy Canadian crude prices narrowed to the smallest discount against U.S. benchmark futures since April as rail shipments increase.
News
July 15, 2019
Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world.
News
July 11, 2019
Cenovus Energy Inc. has announced that on July 10, 2019, the company reached 1 Bbbl of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce 1 Bbbl of oil using steam-assisted gravity drainage (SAGD) technology.
News
June 27, 2019
Devon Energy Corp. has announced that it has completed the sale of its Canadian business to Canadian Natural Resources Limited for $2.8 billion.
News
June 26, 2019
Kuwait plans to boost production from Canadian shale deposits by two thirds and increase output of natural gas in Australia as the OPEC member ramps up efforts to find and develop overseas deposits of the fuel.
News
June 24, 2019
Building on their decade-long partnership for Eastern Canada seismic/gravity surveys, TGS and PGS have announced a partnership with Bain Geophysical Services to create a new regional study of the crust offshore Newfoundland and Labrador.
News
June 20, 2019
TGS and PGS announce the Jeanne d’Arc High Density 3D (HD3D) multi-client project offshore Newfoundland, East Canada.
News
June 19, 2019
As the annual meeting of the Newfoundland and Labrador Oil and Gas Industries Association (Noia) proceeded through its first sessions on Tuesday, attendees heard encouraging words about future activity in the province from several operators.
News
June 18, 2019
Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups.
News
June 17, 2019
Justin Trudeau is poised to give the green light to a major crude pipeline as he faces rising calls to support Canada’s struggling oil industry.
News
June 17, 2019
The Canadian Association of Petroleum Producers (CAPP) issued a statement on the Trans Mountain Expansion Project (TMEP) today in advance of the Government of Canada’s expected announcement on June 18.
News
June 17, 2019
On Monday, June 17, members of the Save Canadian Jobs Coalition will hold a joint press conference to call on Members of Parliament to support the Senate’s original amendments to Bill C-69.
News
June 13, 2019
It’s been two days now, since a large crowd gathered in the outdoor exhibit area of the Global Petroleum Show (GPS), at Calgary’s Stampede Park, to participate in a pro-pipeline, pro-oil rally.
News
June 13, 2019
Speaking to the 51st annual Global Petroleum Show in Calgary on Tuesday, Alberta Premier Jason Kenney tried to paint a picture of a brighter future for a Canadian E&P industry weary after several years of depressed activity.
News
June 12, 2019
ION Geophysical Corporation has announced an expansion to the Company's 2D multi-client program offshore Newfoundland, Canada.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.