Canada
News
March 07, 2019
Crescent Point Energy wrote-down the value of its assets by $2 billion to account for higher financing costs amid volatile crude prices.
News
March 06, 2019
Pengrowth Energy Corp. is considering selling itself as the driller moves to lighten its debt load following a collapse in Canadian oil prices that pummeled the nation’s energy industry.
News
March 04, 2019
Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project.
News
March 03, 2019
In a major blow to the Canadian oil industry, Enbridge Inc. now expects the replacement and expansion of its Line 3 crude oil pipeline to be in service about a year later than expected.
News
February 27, 2019
A relentless increase in production from Alberta’s oil sands and higher crude prices in the first half of the year are powering the province’s budget through a pipeline shortage that has weighed on economic growth.
News
February 26, 2019
Alberta oil producers have found a way around production limits imposed on them by the provincial government: buy the right to pump barrels from other companies that don’t need them.
News
February 26, 2019
The American Petroleum Institute announced that it has joined the newly launched USMCA Coalition, backed by over 200 companies and associations across a wide variety of industries, to urge Congress to approve the U.S.-Mexico-Canada Agreement (USMCA).
News
February 24, 2019
Canada's National Energy Board (NEB) announced its recommendation that the Trans Mountain pipeline expansion project is in the Canadian public interest.
News
February 20, 2019
Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge reported that rationing on its heavy oil lines would increase next month.
News
February 19, 2019
Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture.
News
February 17, 2019
TransCanada Corp. was partly denied a request to continue some pre-construction work on the Keystone XL oil pipeline while a dispute over the project’s environmental review wends its way through the courts.
News
February 13, 2019
Cenovus Energy Inc. is forging ahead with plans to expand its rail shipments of crude to U.S. refiners, even as some peers dial back, in a bet that pricing for Canadian heavy crude will soon shift to make those shipments more economical.
News
February 11, 2019
Canada’s oil sector may soon get a more combative advocate in the Alberta premier’s office.
News
February 10, 2019
TransCanada Corp. said its Keystone pipeline, which carries Canadian crude to the U.S., was likely the source of an oil spill in Missouri that prompted the company to shut a segment of the line.
News
February 07, 2019
Canadian crude weakened after two critical oil pipelines remained partially shut amid an investigation into a possible leak in Missouri.
News
February 06, 2019
Suncor Energy Inc. CEO Steve Williams said he expects Alberta’s mandated oil-production cuts to end earlier than planned after the program boosted heavy crude prices so much that it made purchases unprofitable for U.S. refiners.
News
February 05, 2019
U.S. refiners are eager to buy Canadian heavy crude to replace supplies they had been importing from Venezuela that are now blocked by Trump administration sanctions.
News
February 03, 2019
The Trump administration is appealing a federal court in Montana’s decision to block TransCanada Corp.’s $8 billion Keystone XL crude pipeline project.
News
January 31, 2019
Saturn Oil & Gas Inc. has announced the commencement of its first quarter/second quarter 2019 drill program, Jan. 14, 2019.
News
January 31, 2019
In its first update to the 2019 Canadian Drilling Activity Forecast, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2019 to 5,600 wells.
News
January 30, 2019
The sugar high from Alberta’s crude curtailment program may be wearing off.
