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Industry
Oil & Gas

News Energy Manufacturing Oil & Gas Economy General
April 30, 2020  

Oil producers sustaining billions of dollars in asset impairments

Husky CEO says supply and demand will collide “in a very messy way” this quarter.

News Government Oil & Gas General
April 29, 2020  

No short term end to oil price slump hitting Alberta: premier

Kenney says reduced demand for oil and gas during the pandemic, coupled with a destructive price war between Saudi Arabia and Russia, has left the world awash in oil

News Energy Oil & Gas General Production
April 27, 2020  

Trans Mountain, LNG Canada on track despite pandemic

Energy economist says the long-term forecast for both natural gas and oil remains steady.

News Energy Manufacturing Oil & Gas General
April 23, 2020  

China buys crude as prices collapse, adding to stockpiles

Gives Beijing a chance to insulate the country against possible supply disruptions.

News Energy Oil & Gas General
April 23, 2020  

Alberta’s failed oil and gas bailout a warning to feds: report

Says $1.1 billion invested in small and midsize oil and gas companies – one went bankrupt, more likely to follow as share prices tank.

News Energy Manufacturing Oil & Gas General Production
April 22, 2020  

Energy sector shutting down oil production as low crude oil prices persist

More producers join a growing list of companies reducing spending and cutting production.

News Energy Manufacturing Oil & Gas General
April 22, 2020  

Plunging oil prices point to ‘deep collapse’ in sector: drilling firm CEO

Kevin Neveu of Precision Drilling says spending on oil and gas exploration will fall even further from already-depressed levels because of pricing signals.

News Energy Manufacturing Oil & Gas General
April 21, 2020  

Husky cuts production by 80,000 bpd, Canadian total 365,000 bpd

Also cutting $700 million in capital budget, second reduction following an earlier cut of $900 million and $100 million in other spending.

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

Negative oil price plunge a short term anomaly, limited impact: analysts

Drop in West Texas Intermediate near-month contract prices below negative US$37 per barrel is due to unique circumstances.

News Energy Oil & Gas General
April 20, 2020  

Oilpatch bailout focuses on abandoned wells cleanup, reduced emissions

Government plans to spend $1.7 billion in Alberta, Saskatchewan and British Columbia.

News Energy Manufacturing Oil & Gas General
April 17, 2020  

Tribes press judge to halt US Canada pipeline as work starts

Plans for construction camps housing up to 1,000 workers each cited as a risk to tribes struggling with basic health care services amid potential COVID-19 outbreaks.

News Energy Government Manufacturing Oil & Gas General
April 17, 2020  

Freeze carbon tax, delay new climate regs during virus crisis: CAPP

Cites need to maintain safe and essential operations as industry follows health guidelines, environment critics see an attempt to curb environmental regulations.

News Energy Manufacturing Oil & Gas General
April 15, 2020  

US judge cancels permit for Keystone XL pipeline from Canada

Said the US Army Corps of Engineers failed to adequately consider effects on endangered species such as pallid sturgeon.

News Energy Manufacturing Oil & Gas General
April 14, 2020  

Canadian oilpatch cutbacks to continue despite OPEC deal

Doesn’t match the reduction in demand caused by measures taken to deal with the COVID-19 pandemic.

News Energy Manufacturing Oil & Gas General
April 13, 2020  

Deal to cut global oil production finalized, welcomed in Canada

Agreement between OPEC, Russia and other countries follows a glut that sent prices plunging.

News Energy Oil & Gas General
April 9, 2020  

Canada won’t tip hand on possibility of import tariffs on Saudi oil

Kenney wants a continental energy policy to help North America fight what he says are predatory pricing practices.

News Energy Government Manufacturing Oil & Gas Economy General
April 9, 2020  

Alberta smartphone plan to enforce quarantines raises privacy questions

One plank of a “relaunch strategy” to get COVID-19 under control so economic activity can resume.

News Energy Manufacturing Oil & Gas General
April 8, 2020  

Energy company OK with Canada joining oil supply pact

Canadian Natural Resources president Tim McKay says the solution is acceptable as long as it is “broad-based” and fair to all participants.

News Energy Manufacturing Oil & Gas General
April 7, 2020  

Work starts in Montana on disputed Canada US oil pipeline

Project has been tied up for years in legal battles and several court challenges are still pending.

News Oil & Gas Facilities Maintenance General Machinery and Equipment Maintenance
April 7, 2020  

Parkland Fuel nears completion of maintenance at BC refinery

Will take two-weeks to reach full operational capability with additional safety measures taken due to COVID-19.

News Oil & Gas General
April 6, 2020  

Cryopeak LNG Solutions breaks ground on new LNG production facility

First fully funded and permitted LNG production facility in the Fort Nelson, BC area.

News Energy Manufacturing Oil & Gas General
April 6, 2020  

Oilpatch workers face pay cuts, layoffs as companies react to low prices

Current downturn has hit the Calgary-based oilfield services sector hardest.

News Energy Manufacturing Oil & Gas General
April 1, 2020  

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.

News Energy Manufacturing Oil & Gas General Sustainability
March 30, 2020  

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.

News Oil & Gas General
March 26, 2020  

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.

News Energy Manufacturing Oil & Gas General Production
March 25, 2020  

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.

News Energy Manufacturing Oil & Gas General
March 19, 2020  

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.

News Energy Manufacturing Oil & Gas General Operations
March 18, 2020  

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.

News Energy Manufacturing Oil & Gas General
March 17, 2020  

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.

News Energy Manufacturing Oil & Gas General
March 12, 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.

News Energy Manufacturing Oil & Gas General
March 10, 2020  

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.

News Oil & Gas General
March 10, 2020  

Oil price crash: what does it mean for Canada?

The turmoil is already affecting Canadian companies and consumers.