Oil & Gas
Alberta petrochemical project cost estimate rises to about $4.9B
Dehydrogenation and polypropylene upgrading plants will turn propane into plastic pellets for shipment to manufacturers around the world.
Canadian oilpatch hopes float on Prairie helium drilling prospects
Cooling agent of choice for superconducting magnets in research and medicine.
Some businesses thrived, many lagged during pandemic in 2020
Here are the lists of winners and losers
Indigenous opposition to pipeline shouldn’t outweigh others: Provinces
Court heard from four Indigenous groups from British Columbia on Trans Mountain.
First Nation alleges Ottawa withheld info during Trans Mountain consultation
Indigenous groups arguing in the court the Canadian government predetermined the outcome before its latest approval of the Trans Mountain pipeline.
Chevron looking to sell its 50% stake in its Kitimat LNG project
Lower long-term prices for oil and natural gas will reduce the value of its assets.
Cenovus capital spending to edge higher in 2020, production to rise
Increase largely due to a deferral of spending following the mandatory production curtailments in Alberta.
Rail strike, pipeline spill lead Alberta to extend oil curtailment levels
Government will gradually increasing the amount that can be produced.
Feds won’t explain how pipeline expansion will raise $500M in tax revenue [UPDATED]
Cited by the government when it approved the project a second time last June.
Canacol making LNG for retail customers in Colombia
Will replace diesel, fuel oil, compressed natural gas and propane that cost more or have higher emissions.
Competition Bureau clears Pembina Pipeline deal
Buying Kinder Morgan Canada and the US portion of the Cochin system.
Trans Mountain received $320M in government subsidies: report
Money included direct subsidies and indirect subsidies that were not clearly disclosed to taxpayer.
Tanker crash, fuel spill prompts BC ministry monitoring
About 25% of the crude being transported spilled on the ground or into the nearby river.
Keystone pipeline restarted after breach in North Dakota
TC Energy will operate the pipeline at a reduced pressure with a gradual increase in the volume of crude oil.
Failure of Houston Oil & Gas threatens to create up to 1,400 orphan wells
Estimated abandonment and reclamation bill associated with wells, pipeline segments and other assets is $81.5 million.
Cenovus boosts oil output plans on curtailment relief for rail
To startup its $675-million, 50,000-barrel-per-day Christina Lake phase G oil sands expansion project.
Encana HQ move to US an oilpatch ‘tragedy’: Cenovus CEO
Foreign companies have also taken billions of dollars with them as they left the Canadian oilpatch.
Keystone pipeline shut down to investigate potential ND oil leak
Some wetlands appear to have been affected, but not any sources of drinking water.
Alberta climate plan for industry retains key parts of old legislation
$30 a tonne for emissions over benchmark or collect credits if beneath.
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.
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.
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.
Exxon low-balled carbon pricing impact on oil sands projects: Lawsuit
New York alleges investors were led to believe they faced a lower risk.
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.
Oilpatch reaction muted after minority Liberal election win
Reaction suggests the widely predicted election outcome was baked into heavily discounted energy stock prices.
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.
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.
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.
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.
Alberta incorporates energy war room as Canadian Energy Centre
Will focus on improving the reputation of Alberta’s oil and gas sector.
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.
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%.