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Oil & Gas

News Energy Government Manufacturing Oil & Gas General
October 24, 2019  

TMX pipeline could fund $500M a year in clean energy projects

Morneau says the pipeline extension to the BC coast is a crucial piece of financing for a clean energy economy.

News Energy Government Manufacturing Oil & Gas Economy General
October 24, 2019  

Trudeau’s post election priorities are climate and pipeline

Going ahead with the controversial Trans Mountain pipeline from the Alberta oil sands to the Pacific Coast.

News Energy Government Manufacturing Oil & Gas Economy General
October 24, 2019  

Kenny to continue with NDP’s Alberta petrochemical credit program

But two other NDP energy diversification schemes offering loan guarantees and grants will get the axe.

News Energy Manufacturing Oil & Gas General Sustainability
October 24, 2019  

Exxon low-balled carbon pricing impact on oil sands projects: Lawsuit

New York alleges investors were led to believe they faced a lower risk.

News Energy Manufacturing Oil & Gas General
October 24, 2019  

Husky Energy reports Q3 profit drop from year ago

Company is laying off staff as it aligns its workforce with the capital plan and strategy.

News Energy Manufacturing Oil & Gas General
October 23, 2019  

Oilpatch reaction muted after minority Liberal election win

Reaction suggests the widely predicted election outcome was baked into heavily discounted energy stock prices.

News Manufacturing Oil & Gas General
October 21, 2019  

Not a political question: Thunberg calls for climate action in Alberta

Protesters and counter-protesters were drawn to the rally attended by the 16-year-old Swedish climate activist.

News Oil & Gas General
October 16, 2019  

Germany angered by Shell refusal to dismantle old oil rigs

The dispute comes as Britain, where Shell has a major corporate presence, is in the process of withdrawing from the EU.

News Oil & Gas General
October 16, 2019  

Swedish activist Greta Thunberg in Edmonton Friday for climate strike

The teen has been making international headlines with her chastising of world leaders who she accuses of letting down youth by doing too little to tackle climate change.

News Oil & Gas General
October 15, 2019  

Tourmaline Oil shares rise after it spins off hybrid royalty corporation

Western Canada’s natural gas industry has struggled for years due to low commodity prices and pipeline transportation constraints.

News Energy Manufacturing Oil & Gas General
October 9, 2019  

Alberta incorporates energy war room as Canadian Energy Centre

Will focus on improving the reputation of Alberta’s oil and gas sector.

News Oil & Gas General
October 8, 2019  

Major Drilling signs deal to buy Norex Drilling for $19.7M

The company will acquire 22 drill rigs, including 17 compatible specialized surface drill rigs and five underground drills.

News Energy Manufacturing Oil & Gas General
October 8, 2019  

Norwegian fund cuts four Canadian oil sands firms

Has reduced its tolerance threshold for companies with interests in the oil sands from 30% to 5%.

News Oil & Gas General
October 2, 2019  

Cenovus raises dividend, plans modest growth, as CEO heralds debt reduction

Calgary-based company announced it will pay a quarterly dividend of 6.25 cents per share.

News Oil & Gas General
October 2, 2019  

TransAlta to build steam and power plant at SemCAMS natural gas facility

All of the steam produced at the facility and about half of the electricity is to be sold to SemCAMS under a 13-year fixed price contract.

News Oil & Gas General
October 2, 2019  

Kenney pleads for national unity during speech to Calgary business crowd

Kenney says the Constitution is clear that infrastructure between provinces is under the authority of the national government.

News Oil & Gas General
September 24, 2019  

New LNG technology developed at University of Calgary touted as greener, cheaper

The Split Flow Integrated LNG process uses specialized materials and chemistry to remove carbon dioxide and other impurities from the natural gas stream without having to cool and then warm the gas.

News Energy Government Manufacturing Oil & Gas Economy General
September 23, 2019  

Kenney vows to counter Texas poaching of Canadian companies

Alberta countering flight of money and jobs from Alberta’s energy sector to Texas.

News Oil & Gas General
September 19, 2019  

Oil price drops for 2nd day as Saudi crude output recovers

Attack on Saudi Aramco’s processing facility in Abqaiq pushed crude prices up more than 14% Monday.

News Energy Manufacturing Oil & Gas General
September 18, 2019  

Suncor CEO not counting on oil risk premium after Saudi attacks

Incident forces consumers to be more aware of where crude comes from and how secure that source might be.

News Energy Government Manufacturing Oil & Gas General
September 18, 2019  

Alberta inquiry into oil and gas foes could face legal challenge from Ecojustice

Kenney has said deep-pocketed US charities have bankrolled efforts to block Canadian energy development for years.

News Oil & Gas General
September 17, 2019  

Saudi Arabian attacks linked to higher oil prices, spark energy stock rally

A weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record.

News Oil & Gas General
September 17, 2019  

Imperial Oil CEO Rich Kruger to retire, Brad Corson named next CEO

Kruger has led the company since 2013.

News Energy Oil & Gas General
September 12, 2019  

OPEC, allies weigh further oil production cut in December

Global oil prices fell on the news as forecasts predict a coming economic slowdown and a renewed supply glut.

News Energy Government Manufacturing Oil & Gas General
September 12, 2019  

Trans Mountain hampered by hearings, permits, court action: report

Stand.earth says the pipeline extension project is unlikely to be completed the within a planned three-year timeline.

News Energy Manufacturing Oil & Gas Economy General
September 11, 2019  

Global demand for oil has slowed, says latest OPEC estimate

Economic growth reduced to 3% for 2019 and 3.1% for 2020, down 0.1% in each year.

News Energy Manufacturing Oil & Gas General
September 11, 2019  

Amnesty concerned about Alberta’s plans to fight oil industry foes

Cites public inquiry into foreign funding of environmental groups and government’s $30-million war room.

News Energy Manufacturing Oil & Gas General
September 9, 2019  

Suncor invests $1.4B in cogeneration units at Oil Sands Base Plant

Will provide steam generation required for Suncor’s extraction and upgrading operations.

News Energy Manufacturing Oil & Gas General
September 5, 2019  

Court Trans Mountain appeals focussed on Indigenous consultation

Will examine the calibre of the federal government’s consultations.

News Energy Government Manufacturing Oil & Gas General
September 5, 2019  

Illegal to force carbon price stickers on gas stations: lawsuit

Canadian Civil Liberties Association says Sticker Act violates free speech provisions of the Constitution.

News Energy Government Manufacturing Oil & Gas General
September 4, 2019  

Federal Court of Appeal to rule on letting pipeline challenges proceed

Environment groups say there are not adequate protections for endangered marine species that will be affected by tanker traffic.

News Energy Manufacturing Oil & Gas General
September 3, 2019  

Crescent Point selling $912M in assets, including Uinta Basin asset

Calgary-based company says agreements include 27,000 barrels of oil equivalent per day of upstream assets.