Oil & Gas
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
Michigan asks judge to shut Enbridge pipeline in Great Lakes
Energy company insists Line 5 pipeline was not damaged, flow of oil and natural gas liquids resumed June 20.
Co-op, Unifor ratify seven-year deal after six-month labour dispute
Collective agreement includes wage improvements that meet standards agreed to by energy sector unions.
Feds relaxing new fuel standards short term, tougher by 2030
Producers will have to do more to green up their gasoline and diesel fuels starting in 2026.