Oil & Gas
TC Energy enlists Alberta to help finish US$8B Keystone XL project
Province has agreed to invest about $1.5 billion as equity in the pipeline.
Big energy’s interest in renewable energy investments expected to waver
Report says that won’t likely slow overall investment; fossil fuel players weren’t putting much money into it anyway.
Woodfibre LNG delayed a year, virus slows component deliveries
The company is applying for a five-year extension to its environmental certificate which expires in October.
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Suncor cuts $1.5B from budget to cope with low oil prices, virus impact
Cuts follow billions in spending reductions by other major oil sands players.
Canadian Natural cuts spending, as more producers trim capital plans
Will also cut CEO and other executive salaries and board members have agreed to cut their fees.
Pembina Pipeline cuts capital spending plan by up to $1.1B
Anticipating a revised 2020 capital budget of between $1.2 billion and $1.4 billion.
Spring breakup slowdown offers needed pause for hard hit drilling industry
Drilling will be reduced even more than usual: 31% decline forecast for average working rig count in Canada for the rest of 2020.
TC Energy starts US prep work for Keystone XL pipeline
Clearing a path through US states along the pipeline’s 1,930-kilometre route to begin soon.
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Cenovus cuts 2020 capital spending plan, lowers production guidance
Now plans up to $1 billion this year, down from earlier plans for between $1.3 billion and $1.5 billion.
Oil price crash: what does it mean for Canada?
The turmoil is already affecting Canadian companies and consumers.
CPP investment CEO bullish on oil despite price crash, emissions debate
He cites demand for fossil fuels, which is expected to remain strong for many years.
All options on table to fight oil price collapse: Kenny
Alberta premier says province’s ability to continue contributing to federal taxes is now at risk.
OPEC looks to cut production as virus outbreak hits demand
Stalled air travel and manufacturing all but stopped in China, sapping demand for fuel following plunging crude prices.
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Most Canadians unhappy with Trudeau’s handling of blockade crisis: poll
Respondents are split on whether the Coastal GasLink pipeline project should be stopped permanently or paused temporarily to negotiate further with Indigenous leaders.
Teck decision underscores investment crisis in Canada
The federal government is to blame for a significant drop in investment across 10 of the 15 major sectors of the Canadian economy.
