Oil & Gas
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.
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.
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.
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.
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.
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.
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.
Methane emissions from oilpatch twice as high as thought: survey
Could complicate regulatory attempts to nearly halve releases over the next five years.
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.
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.
Husky Energy reports $7B loss in Q3, hit by impairment charges
Related to lower long-term commodity price assumptions and reduced capital investment.
Inquiry into Alberta oil and gas critics extended to Jan. 31
Looking at foreign interests bankrolling campaigns against fossil fuel development.
Cenovus targets up to 25% workforce reductions with Husky takeover
8,600 employees and contractors currently working at the two companies.
Suncor relocating its PetroCanada HQ to Calgary from Ontario
Shift to remain competitive by integrating the downstream business with the rest of the company.
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.