Industry
Oil & Gas
NL can’t afford buy-in for Husky led oil offshore project: Premier
Company is re-evaluating its operations in the province, White Rose is more than half finished while several other offshore projects are delayed.
Husky asks for investment as it reviews West White Rose project
Project is under review as it deals with a one-year construction delay it implemented in March.
PetroChina, Ovintiv end joint venture, agree to split Alberta assets
Each to wind up with 13,000 barrels of oil equivalent per day and the same oil and gas reserves.
Oil sands pipeline partly closed following spill near Fort McMurray
Initial reports indicated about 550 barrels or 90,000 litres of light oil were released with no reported impacts.
Only private investment will save Canada’s economy
Generating, rather than consuming government revenues will require a profound reversal by the Trudeau government.
Calfrac says US court sides with company in fight with Wilks Brothers
Calgary well services company calls Wilks a “wolf in sheep’s clothing” whose real goal is a corporate takeover.
Obsidian hostile takeover bid for Bonterra shows ‘frustration’
Slow pace of consolidation needed to create larger entities that would be more liquid and resilient and therefore more attractive to investors.
Alberta to outline $20B plus deficit in fiscal reckoning
Debt expected to rise to almost $77 billion by next spring and to almost $88 billion by 2023.
Canadians join lawsuit to overturn Alaska wilderness to energy drilling
The lawsuit alleges the activity will damage the calving grounds of the Porcupine caribou herd
Suncor shares slip after fire interrupts Fort McMurray oil sands output
Two upgraders at the project are working at minimum rates to process strip-mined bitumen inventory.
Suncor’s Fort McMurray base plant stalled until September due to fire
Blaze in the extraction area was contained quickly, and no one was hurt.
Mauritius seeks compensation as oil spill cleanup continues
MV Wakashio has spilled 1,000 tons of its cargo of 4,000 tons of oil into the sea, fouling the coastline of Mauritius.
Why scientists intentionally spilled oil into a Canadian lake
A research team carefully spilled dilbit into mini-lakes to uncover the real-world responses of the oil and its impact on aquatic life
Enerplus restarting North Dakota production despite threat to pipeline
The Calgary-based company says it is confident that crude-by-rail shipping from the state can be ramped up if the decision is restored
Court reverses order to shut down Dakota Access pipeline
The U.S. Court of Appeals for the District of Columbia Circuit sided with pipeline owner Energy Transfer to keep the oil flowing
Oilfield services rival makes alternative plan to restructure Calfrac debt
Wilks Brothers, LLC, says its offer would significantly lower Calfrac’s debt level and give a better recovery to stakeholders
Husky targets 25% GHG emissions intensity cut, vows to hire more female leaders
In its 2020 environmental, social and governance report, it calls for a 25% emissions per barrel reduction by 2025
Total writes off $9.3B in oilsands assets, cancels Canadian oil lobby membership
Total said it is leaving CAPP because of a “misalignment” between its public positions and those expressed in Total’s climate ambition statement
Pipeline owner fined for unsafe incident near GO tracks in Greater Toronto
The Canada Energy Regulator says the incident near Oakville, Ont., could potentially have resulted in fatalities and injuries
Enbridge Q2 earnings slip as revenues plunge 40% due to COVID aftermath
Enbridge was expected to report 55 cents per share in adjusted profits on $12.5 billion in revenues
Enbridge reports stronger than feared Q2 Mainline oil transport volumes
The Calgary-based company reported second quarter net income of $1.65 billion
Prolonged oil industry slump leads to third cut in Canadian drilling forecast
The Petroleum Services Association of Canada says it now expects just 2,800 wells will be drilled in Canada this year
Deutsche Bank says it won’t back an new oilsands or coal project
It says its ban on oilsands financing, effective immediately, will include exploration, production, transport or processing
Canada’s liquefied natural gas industry expected to create new job opportunities: experts
The report analyzes the economic impact the LNG industry would have across the country
Kelt to sell BC Montney assets to ConocoPhillips for $510M
Eliminates debt with sale of producing and development assets in the region.
Environment minister reconsidering staying out of Alberta coal mine review
Vista mine began shipping coal for export in May 2019 and the company is now looking to double, or even triple its output.
Shell’s Quest carbon capture project hits milestone of five million tonnes
Quest opened in 2015 and cost about $1.35 billion, backed with $745 million from the Alberta government and $120 million from Ottawa.
Irving Oil cutting 250 jobs, 6% of workforce, due to the economy
Reductions will affect operations in Canada, the United States, Ireland and Britain.
Supreme Court dismisses Indigenous appeal of Trans Mountain approval
The court dismissed the appeal July 2 from the Squamish Nation, Tsleil-Waututh Nation, the Ts’elxweyeqw Tribes and Coldwater Indian Band, effectively ending the years-long legal battle over the project
Michigan judge allows restart of disputed Enbridge oil pipeline
Safety test to be conducted, energy company can keep it running subject to the results and further order of the court.
BP sells petrochemicals arm to Ineos for US$5B
The move is part of the oil giant’s plan to shift activities to renewable sources of energy
Alberta reinstating environmental monitoring in industry, oilpatch on July 15
Testing and reporting had been suspended due to the COVID-19 pandemic
