oil
Oil sands companies restoring production as demand spurs higher price
Executives are confident the oil price crisis is subsiding but are dismayed by recent setbacks for oil pipelines in the US.
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.
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.
Ovintiv lays off 25% of staff as fears rise for delayed oil industry recovery
Former Encana has reduced activity to address fossil fuel demand destruction and the oil price collapse caused by the pandemic.
Federal aid for oil sector still in development, three months later
Business Development Bank of Canada and EDC are getting the terms of the loan programs together.
Scientists criticize Alberta’s monitoring suspension, lack of consultation
Most of it could have been done safely, says Jay White, president of the Alberta Society of Professional Biologists.
Alberta ends agency created to handle green rebates and programs
Will be folded into other departments or the current Emissions Reduction Alberta.
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Oil and gas spending estimates adjusted lower as uncertainties persist
$23.3 billion to be invested in Canada this year, down from about $37 billion in a January forecast.
Labour dispute at Regina Co-op refinery nears 6 months
FCL says about 200 replacement workers and 350 managers are keeping the plant running.
Oilpatch advocates tell MPs help needs to be faster, easier to get
OTTAWA — Representatives from Canada’s oilpatch said May 28 they don’t know of a single energy company that has yet benefited from any of Ottawa’s pandemic-inspired loan programs and many think the cost to access them is too high. Finance…
Alberta introduces bill to put deadlines on energy project approvals
Review found some decisions on whether to allow an oil and gas project to proceed took too long.
Oil producers sustaining billions of dollars in asset impairments
Husky CEO says supply and demand will collide “in a very messy way” this quarter.
Energy sector shutting down oil production as low crude oil prices persist
More producers join a growing list of companies reducing spending and cutting production.
Plunging oil prices point to ‘deep collapse’ in sector: drilling firm CEO
Kevin Neveu of Precision Drilling says spending on oil and gas exploration will fall even further from already-depressed levels because of pricing signals.
Negative oil price plunge a short term anomaly, limited impact: analysts
Drop in West Texas Intermediate near-month contract prices below negative US$37 per barrel is due to unique circumstances.
