Canada
News
November 30, 2018
Alberta slashed its economic growth forecast for this year and next as plunging prices for local crude threaten to eat into corporate profits and reduce investments.
News
November 30, 2018
Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for up to $1.30 billion (€1.14 billion), to Nephin Energy Holdings Limited (NEHL), a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB).
News
November 29, 2018
Alberta Premier Rachel Notley reiterated her call for Canadians to support new oil pipelines and improve two energy bills at a speech in Toronto, but made no mention of whether she’ll mandate crude-production cuts.
News
November 28, 2018
Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices for its energy products.
News
November 28, 2018
Canada’s lingering crude glut isn’t hindering the country’s growing oil output, according to the National Energy Board’s most recent forecast.
News
November 27, 2018
TransCanada Corp. is asking a federal judge in Montana to authorize early work on its $8 billion Keystone XL oil pipeline even as the decade-long project faces outstanding legal challenges.
News
November 27, 2018
Ensign Energy Services Inc., the Canadian oilfield-services company partly owned by Murray Edwards, has succeeded in its hostile bid for Trinidad Drilling Ltd.
News
November 25, 2018
Canadian Finance Minister Bill Morneau is signaling he won’t cough up money for new rail cars to ship Alberta oil, saying it would take months and wouldn’t solve the current price collapse.
News
November 22, 2018
Justin Trudeau’s federal budget update stirred some anger in Canada’s oil-rich West.
News
November 22, 2018
Enbridge Inc. is pushing back at criticism that its procedures for nominating barrels of oil shipped through the company’s pipeline system is partly to blame for depressed Canadian crude prices.
News
November 21, 2018
A huge low-pressure system that swept through Canada’s Atlantic seaboard last week shut all of the region’s oil production. Only one field has restarted service in the storm’s wake, while another is battling an oil leak.
News
November 20, 2018
According to Husky Energy, operations remain suspended at the SeaRose floating production, storage and offloading (FPSO) vessel with all production wells secure after a period of extreme weather late last week.
News
November 20, 2018
Alberta will pursue building new refineries as the oil-rich Canadian province looks to weather a crude price crunch, while a forced production cut also remains an option.
News
November 20, 2018
Amid the worst crude-price environment in its history, the Canadian oil industry is being hamstrung by internal divisions that are making it harder to rally around potential solutions.
News
November 16, 2018
Canadian heavy crude prices rallied Friday as U.S. refinery demand rises and increased volumes are shipped by rail car.
News
November 16, 2018
The plunge in global crude prices is being exacerbated in Canada by a lack of pipeline capacity, sending the country’s oil prices to a near record discount to the U.S. and energy stocks reeling.
News
November 16, 2018
Heavy Western Canadian Select crude fell to a record low as several oil producers shut in production and some demand the Alberta government intervene to mandate across-the-board cuts.
News
November 15, 2018
The Canadian oil patch is losing patience with the country’s lack of support for the industry.
News
November 14, 2018
Canada’s oil sector is divided over whether to force a temporary cut to production, with some major producers pushing the controversial idea in a bid to ease a supply glut and halt a steep plunge in prices, according to seven people familiar with the matter.
News
November 13, 2018
The pipeline bottlenecks that have strangled Canadian crude prices have at least one major energy producer calling for oil-rich Alberta to mandate output reductions.
News
November 12, 2018
Canada’s oil producers can’t catch a break. Even as local production cuts help alleviate pipeline bottlenecks, heavy crude plunged below $18/bbl for the first time since 2016 -- dragged down by global oil prices.
