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Industry
Oil & Gas

News Oil & Gas Business Operations
December 15, 2020  

Husky shareholders back friendly takeover

Cenovus deal worth $3.8 billion in shares

News Energy Manufacturing Oil & Gas General Production
December 10, 2020  

Canadian Natural to boost oil, gas output 5% on higher $3.2B budget

Increased drilling program a result of no curtailment and a current improved outlook for commodity prices in 2021.

News Energy Oil & Gas General
December 9, 2020  

Future value of Trans Mountain rests on Liberals’ climate plans: PBO

Paying for the pipeline’s expansion is estimated to cost $12.6 billion.

Insight Energy Government Oil & Gas Economy General Sustainability
December 3, 2020  

How to cut global emissions, boost the economy

Exporting LNG to displace coal is a powerful way to lead in helping to reduce global emissions.

News Energy Oil & Gas General
December 3, 2020  

Baytex Energy sets lower capital budget for 2021

Spending of between $225 million and $275 million next year.

News Energy Manufacturing Oil & Gas General
November 25, 2020  

Imperial Oil to lay off 200 workers following cost cutting analysis

Also reduced the number of contractors it employs by about 450 since the start of the year.

News Energy Government Manufacturing Oil & Gas General Operations Production Sustainability
November 25, 2020  

May be no need for Trans Mountain expansion: Canada Energy Regulator

Under an evolving scenario, Line 3 alone is enough added capacity to handle an 15% increase before peaking in 2039.

News Energy Manufacturing Oil & Gas General
November 25, 2020  

Imperial Oil to end Syncrude services contract as Suncor takes over

Switching operatorship a sign the oil sands mining industry has evolved from a high-cost and risky, to more proven and predictable.

News Energy Manufacturing Oil & Gas General
November 24, 2020  

Fossil fuels declining, but still big in Canada’s energy use by 2050: report

Even with many more policies to curb emissions, oil and gas would still make up nearly two-thirds of energy sources.

News Energy Oil & Gas General
November 24, 2020  

Suncor agrees to begin operating Syncrude by end of next year

Agreement required from Imperial Oil Resources, CNOOC Oil Sands Canada and Sinopec Oil Sands Partnership.

News Energy Oil & Gas General Sustainability
November 23, 2020  

Public could be on the hook for costs of decommissioning NL offshore

…but how much of it will be borne by taxpayers is not public information.

News Energy Oil & Gas General Production
November 19, 2020  

Drilling forecast calls for 14% rebound in 2021 from depths of 2020

The Canadian Association of Oilwell Drilling Contractors expects 3,771 wells to be drilled next year.

News Energy Oil & Gas General
November 17, 2020  

Natural Law Energy inks deal with TC Energy to invest in Keystone XL

Indigenous group represents four First Nations in Alberta and one in Saskatchewan.

News Energy Manufacturing Oil & Gas General
November 12, 2020  

Methane emissions from oilpatch twice as high as thought: survey

Could complicate regulatory attempts to nearly halve releases over the next five years.

News Energy Government Manufacturing Oil & Gas Economy General
November 10, 2020  

Biden win bad news for Keystone XL, but new relationship with Canada

Better aligned with Canada’s federal stance on climate change, could make Canadian companies more competitive with their US peers.

News Energy Manufacturing Oil & Gas General Production
November 5, 2020  

Tourmaline Oil buys two privately held oil and gas firms for $526M

Expects its production at the end of 2020 to be about 400,000 boe/d with the successful completion of the two acquisitions.

News Energy Oil & Gas General
October 29, 2020  

Husky Energy reports $7B loss in Q3, hit by impairment charges

Related to lower long-term commodity price assumptions and reduced capital investment.

News Energy Government Oil & Gas Economy General Sustainability
October 29, 2020  

Inquiry into Alberta oil and gas critics extended to Jan. 31

Looking at foreign interests bankrolling campaigns against fossil fuel development.

News Energy Oil & Gas General Operations
October 28, 2020  

Cenovus targets up to 25% workforce reductions with Husky takeover

8,600 employees and contractors currently working at the two companies.

News Energy Manufacturing Oil & Gas General
October 28, 2020  

Suncor relocating its PetroCanada HQ to Calgary from Ontario

Shift to remain competitive by integrating the downstream business with the rest of the company.

News Energy Government Manufacturing Oil & Gas General
October 26, 2020  

Inquiry into oil and gas foes to deliver report next year: Kenney

Government contends foreign interests have been working to undermine the industry for years.

News Energy Oil & Gas General
October 23, 2020  

Biden calls for ‘transition’ from oil, GOP sees opening

Campaign’s climate plan calls for the US to have net-zero greenhouse gas emissions by 2050.

News Energy Oil & Gas General
October 22, 2020  

Colorado group appeals to Canadians over CPP-owned energy firm

Boulder residents ask fro an end to investments in Crestone Peak Resources, accused of polluting their air and water.

News Energy Manufacturing Oil & Gas General Production
October 21, 2020  

Oil output still down after restoring some COVID cutbacks: CER

Supply slipped by as much as 972,000 barrels per day by mid-May, about 700,000 bpd brought back online by early October.

News Energy Oil & Gas General
October 19, 2020  

Alberta cuts deal on municipal oilpatch levies; not unpaid property taxes

Industry will get a three-year break on property taxes for new wells, pipelines and new equipment.

News Energy Oil & Gas General
October 19, 2020  

Oil price stall, global uncertainty prompt caution from energy companies

Analyst says drawdowns are constructive, but the market remains reliant on drastic production cuts from OPEC+ to restore balance.

News Oil & Gas General
October 6, 2020  

Suncor Energy will cut 10% to 15% of its workforce over next 18 months

Cuts are to be made across the entire organization; will also affect Suncor’s contracted workers.

News Energy Oil & Gas General
October 5, 2020  

TC Energy makes $2B offer to take over US pipeline partnership

Buyout of the partnership it doesn’t already own will require the pipeline company to issue as many as 35.2 million shares.

News Energy Oil & Gas General Production
September 30, 2020  

Shell plan to cut up to 9,000 jobs could result in 100s in Canada

Between 294 and 378 fewer jobs is the energy company’s cuts are proportionate.

News Energy Oil & Gas Economy General
September 28, 2020  

Ottawa pitches in $320M to help NL offshore oil sector

The province is creating an oil and gas sector recovery task force.

News Chemicals Oil & Gas General
September 24, 2020  

Initiative aims to bring more women into chemical, oil and gas sector

Quebec’s chemical, petrochemical, refining and gas industry adopts tools to favour recruiting and integration.

News Energy Oil & Gas General
September 18, 2020  

BC disburses first half of federal funds to reclaim dormant oil and gas wells

There are about 7,000 dormant wells in B.C. and 770 orphan wells