Canada
News
January 07, 2021
The Newfoundland and Labrador Environmental Industry Association (NEIA), Noia, and the Oil and Gas Corporation of Newfoundland and Labrador are working together to accelerate awareness and the pursuit of clean technology opportunities in Canada's offshore oil and gas industry.
News
January 04, 2021
In a statement posted on Twitter, Jason Kenney announced that one cabinet minister, Tracy Allard, along with his chief staff will be stepping down from their posts after revelations the two traveled abroad in recent weeks.
News
December 14, 2020
Steady output from their mines means that oil sands producers are able to keep revenue coming for decades without too much investment, while the short life span of shale wells forces U.S. explorers to constantly burn cash just to keep up production.
News
December 09, 2020
The province’s economy is expected to contract 8.1% this year, the most on record, because of virus restrictions and the downturn in oil prices. Home of the world’s third-largest crude reserves, outbreaks have happened at at least seven oil-sands sites in the north of the province.
News
December 03, 2020
"The funding will help maintain the project in warm suspension during 2021 and hopefully position it for a full restart in 2022 and the path to first oil," Newfoundland and Labrador Oil and Gas Industries Association CEO Charlene Johnson said in a statement.
News
December 01, 2020
Minnesota approved the stormwater pollution plan for Enbridge’s Line 3 pipeline replacement and expansion, the project’s last pending permit, the company said. Construction is expected to take six to nine months on a line that will add 370,000 barrels a day of capacity.
News
October 23, 2020
Alberta’s two-year experiment with OPEC-style crude production curbs is coming to an end.
News
October 22, 2020
Oil sands producers will benefit from less output of competing crude from Latin America as Pemex expects to cut exports while Venezuelan supplies remain off limits due to U.S. sanctions.
News
October 02, 2020
“The recent near-death experience for some heavy oil producers is a good reminder that investors should focus on companies with strong balance sheets, ample liquidity, robust cost structures, and low sustaining capital requirements,” BMO Capital Markets analyst Randy Ollenberger said in a report.
News
September 30, 2020
Newfoundland and Labrador’s 2020 Independent Oil and Gas Resource Assessment results show 11.1 billion barrels of oil and 24.5 trillion cubic feet of natural gas potential offshore.
News
September 25, 2020
While Canada's leaders promise measures to protect oilfield livelihoods, shale drillers in the U.S. are working to minimize the impacts of a potential Biden victory.
News
September 24, 2020
The Government of Newfoundland and Labrador announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects.
News
September 11, 2020
In this week's podcast, World Oil editors discuss how legislative activities, a smaller labor pool, and harsh economic realities are impacting options for oil and gas sector growth in North America's post-coronavirus economy.
News
September 09, 2020
“Unfortunately, the delay caused by COVID-19 and continued market uncertainty leaves us no choice but to undertake a full review of the project and, by extension, our future operations in Atlantic Canada," said Husky CEO Rob Peabody.
News
September 03, 2020
On September 3rd, Prime Minister Justin Trudeau spoke with VOCM Open Line host Paddy Daly who asked pointed questions about supporting the Newfoundland and Labrador offshore oil and gas industry. The responses of the prime minister did not provide any commitment or clarity, despite months of a crisis in the offshore, advocacy by the Newfoundland and Labrador Oil and Gas Industries Association (Noia), as well as information sharing by Noia, the Government of Newfoundland and Labrador, and other stakeholders.
News
September 02, 2020
Heavy Canadian crude rose after a spill led to the shutdown of a pipeline that supplies diluent to two major oil-sands sites in Alberta.
News
August 31, 2020
Siemens Energy has been selected to provide its highly efficient gas turbine technology and long-term services to the planned 900 MW Cascade Power Plant in Alberta, Canada. The project supports the decarbonization of Alberta's power supply by switching from coal to natural gas.
News
August 06, 2020
In 1976, Alberta’s government established a special fund to save some of its oil and gas revenue for leaner times when prices dropped or resources ran dry. For decades, royalties poured into Alberta’s coffers, with the gusher accelerating in the boom of the early 2000s as the province developed its vast oil-sands reserves, the world’s third-largest oil resource. But successive governments failed to stick to the savings plan.
News
July 30, 2020
The Trump administration will allow the existing Keystone pipeline to carry more oil-sands crude into the Midwest and U.S. Gulf Coast while the conduit’s decade-old expansion project faces renewed legal hurdles.
News
July 29, 2020
Total announced an $8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the long-term viability of some oil and gas assets. About $7 billion applies to Canadian oil sands, which are costlier and more carbon intensive than conventional fields.
News
July 28, 2020
Using data acquired in partnership with PGS, this study offers seamless subsurface interpretation for the entire offshore East Coast Canada and is available for immediate licensing.
