Canada
News
December 12, 2018
Alberta’s plan to boost crude prices through mandatory production cuts is working a little too well.
News
December 10, 2018
Alberta’s oil-production curtailment plan has largely accomplished its mission -- even before it has gone into effect.
News
December 06, 2018
As the Canadian oil industry endures its worst crisis ever, a fair share of the blame has been lobbed at environmentalists who oppose pipeline projects.
News
December 05, 2018
The pipeline shortage that has been strangling the Canadian oil industry is weighing on spending plans for next year, with one major producer slashing its capital budget for 2019 by $750 million (C$1 billion).
News
December 03, 2018
Canadian heavy crude strengthened the most since June after the Alberta government mandated production cuts across the province.
News
December 03, 2018
A new threat looms for Canada’s largest oil producing province, even as it imposes mandatory output cuts to ease a glut that has driven down crude prices.
News
December 02, 2018
U.S. federal authorities issued an emergency declaration for Alaska after a magnitude 7.0 earthquake struck last Friday, Nov. 30, leaving thousands without electricity and temporarily shutting the state’s most important oil pipeline.
News
December 02, 2018
Premier Rachel Notley has announced the temporary measure in response to the historically high oil price differential that is costing the national economy more than $80 million per day.
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.
