oil
Planned sale of gas wells, pipelines raises cleanup concerns
Alberta Energy Regulator has promised watch licence transfers to ensure purchasers are able to cover reclamation costs.
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.
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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.
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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.
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Energy demands will change with 13.2M electric vehicles by 2030
EY report says rapid adoption could also cause an 11% spike in Canadian electricity demand.
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.
Alberta incorporates energy war room as Canadian Energy Centre
Will focus on improving the reputation of Alberta’s oil and gas sector.
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%.
Mainline contracting delayed, not dead, after regulator ruling: Enbridge
The pipeline system’s current operating model, which makes space open to all bidders on a monthly basis, expires in June 2021.
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.
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.
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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.
