Oil & Gas
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%.
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.
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.
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.
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.
Kenney vows to counter Texas poaching of Canadian companies
Alberta countering flight of money and jobs from Alberta’s energy sector to Texas.
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.
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.
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.
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.
Imperial Oil CEO Rich Kruger to retire, Brad Corson named next CEO
Kruger has led the company since 2013.
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.
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.
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.
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.
Suncor invests $1.4B in cogeneration units at Oil Sands Base Plant
Will provide steam generation required for Suncor’s extraction and upgrading operations.
Court Trans Mountain appeals focussed on Indigenous consultation
Will examine the calibre of the federal government’s consultations.
Illegal to force carbon price stickers on gas stations: lawsuit
Canadian Civil Liberties Association says Sticker Act violates free speech provisions of the Constitution.
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.
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.