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CP Rail CEO Sees Boom-Time Oil Loads as Pipe Pinch Roils Canada
Friday, October 19, 2018 Boom times are back for at least one company in Canada's oil heartland.
MEG Starts Bidding War After Rejecting $2.34B Husky Offer
Wednesday, October 17, 2018 MEG Energy Corp. rejected a $2.3 billion hostile takeover by Husky Energy Inc. and plans to start a strategic review with an eye to finding another buyer.
Gibson Jumps as Canadian Crude Woes Seen Boosting Tank Provider
Tuesday, October 16, 2018 Gibson Energy Inc. surged the most in more than a year after announcing a plan to build 1 million barrels of new oil-tank space in Western Canada.
Gas Deliveries Resuming as Cold Descends on British Columbia
Friday, October 12, 2018 High-rise apartment buildings, factories and other industrial customers in western Canada are receiving natural gas again, three days after an Enbridge pipeline explosion deliveries.
Return to Normal for Irving After Refinery Incident
Friday, October 12, 2018 Irving Oil is beginning to return to 'normal and safe operations' following a major incident at its Saint John refinery in Canada.
Gas Flows Resume After Canada Pipe Rupture Hits Oil Refiners
Thursday, October 11, 2018 Natural gas has begun flowing again on a pipeline in British Columbia after a rupture on an adjacent line forced oil refineries in Washington to cut output.
Gasoline Prices Surge in Northwest After Canada Gas-Pipe Rupture
Wednesday, October 10, 2018 A natural gas pipeline rupture in British Columbia is forcing refineries in Washington to cut output.
As Canadian Oil Hits New Lows, a Look at Possible Solutions
Wednesday, October 10, 2018 Even before the discount on Canadian crude began a brutal streak of new lows in recent days, a variety of efforts were under way to help alleviate Alberta's persistent crude-shipping bottlenecks.
Alberta Eyes Help for Energy Industry in Canadian Crude Rout
Tuesday, October 09, 2018 Alberta Premier Rachel Notley said the province may soon announce more plans to help the local energy industry reap more value from its resources.
Major Incident at St John Refinery in Canada
Tuesday, October 09, 2018 Irving Oil has announced that a 'major incident' has occurred at its Saint John refinery in Canada.
Precision Drilling to Pay $1B for Trinidad Drilling
Monday, October 08, 2018 The acquisition will create the third largest drilling contractor in the US.
Canadian Crude Hits Record Low
Friday, October 05, 2018 Canadian crude plunged to a record low relative to US crude.
LNG Canada Raises Bar for Gulf Coast Projects
Thursday, October 04, 2018 It could become harder to justify US Gulf Coast greenfield LNG proposals.
Shell LNG, Trade Deal No Help to Stalled Trans Mountain Pipeline
Wednesday, October 03, 2018 Shell's commitment to invest in the largest private-sector project in Canada's history and a new trade deal with the US and Mexico show the country is open for business again.
Canadian Oil Pain Grows as Crude Discount to WTI Hits $40
Wednesday, October 03, 2018 Canadian heavy crude's discount to West Texas Intermediate futures increased to the widest in almost five years.
LNG Canada Project Seen as First of Many
Wednesday, October 03, 2018 The Canadian energy industry is already hoping that the LNG Canada project will be the first of many such plants on the country's Pacific Coast.
$14B LNG Canada Contract Goes to Fluor and JGC
Tuesday, October 02, 2018 An aerial view of the LNG Canada site in Kitimat, British Columbia, Canada. SOURCE: Business Wire.
Shell, Partners Approve $31 Billion Project to Speed Gas to Asia
Monday, October 01, 2018 Shell and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in western Canada.
The Buy Canada Trade Is on With Trade Deal Done, LNG on Way
Monday, October 01, 2018 Recent news is giving Canada's stock market and currency the best outlook they've had in months.
Husky Makes $2.6B Hostile Bid for MEG Energy
Monday, October 01, 2018 Husky Energy has made a $2.6 billion hostile bid for MEG Energy Corp.
Shell's LNG Canada Sprints Ahead
Friday, September 28, 2018 The multi-billion dollar development moves one step closer to a final approval.
The Next Cycle of LNG Investments Is Set to Start in Canada
Thursday, September 27, 2018 The next LNG investment cycle may be primed for a liftoff.
Shell Exec Says Canada Pipeline Debacle Won't Affect LNG Decision
Monday, September 24, 2018 Shell-led LNG Canada proposes to export as much as 26 million tons per year to Asia.
Canadian Retail Sales Rise in July, Led by Gas Stations
Friday, September 21, 2018 Rising gasoline prices gave a boost to Canadian retail sales in July, bringing the sector back to growth.
Canada Restarts Approval Process for Trans Mountain Oil Pipeline
Friday, September 21, 2018 Canada has restarted efforts to build the Trans Mountain oil pipeline expansion after a court quashed its permits.
Canada Shale Drillers Feel Permian Pain as Prices Collapse
Thursday, September 20, 2018 The Permian Basin isn't the only oil field facing pressure from pipeline bottlenecks.
Battered Oil-Sands Servicers Pin Hopes on Shell's LNG Project
Wednesday, September 19, 2018 After years of suffering through plunging prices and declining spending by oil-sands behemoths, Canada is finally seeing a light on the horizon.
Enbridge to Buy Units for $7.1 Billion to Simplify Structure
Tuesday, September 18, 2018 Enbridge agreed to acquire the shares it doesn't already own in three North American units for about $7.1 billion.
Oil Magnate Riddell Dies at Age 81
Sunday, September 16, 2018 Clayton Riddell, who founded Canadian oil company Paramount Resources Ltd. and co-owned the NHL's Calgary Flames ice hockey team, has died.
China's Sinopec Plans To Build Canadian Oil Refinery
Friday, September 14, 2018 Sinopec has joined a group planning to build an oil refinery in Alberta.
CFO: CN Railway Moved 50% More Crude In 3Q To Date
Wednesday, September 12, 2018 Canadian National Railway Co has moved 50% more crude oil by rail during the third quarter to date.
Canadian Crude Prices Plunge Once Again
Friday, September 07, 2018 Canadian crude prices are plunging once again as repairs were completed on Alberta's second-biggest oil sands upgrader and production surged from a new mine.
Trudeau: Canada Might Appeal Ruling That Quashed Pipeline Approval
Wednesday, September 05, 2018 The Canadian government might appeal a court ruling that overturned federal approval of the Trans Mountain oil pipeline expansion, Prime Minister Justin Trudeau says.
Alberta Cuts Budget Deficit Outlook As Oil Prices Rebound
Friday, August 31, 2018 The Alberta government lowered its 2018-2019 budget deficit projection.
Court Quashes Canadian Approval Of Trans Mountain Oil Pipeline
Thursday, August 30, 2018 A Canadian court has overturned approval of the Trans Mountain oil pipeline expansion, leaving the future of the project in jeopardy.
Enbridge To Buy Spectra Energy For $3.3B
Friday, August 24, 2018 Enbridge says would buy its US master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.
Top Canadian Court Quashes City's Challenge Of Trans Mountain Pipeline
Thursday, August 23, 2018 Canada's Supreme Court dismisses an application by the City of Burnaby, British Columbia.
Co-owner Of Canadian Refinery NARL Seeks $5.8MM From Partner
Friday, August 17, 2018 A co-owner of the Come By Chance oil refinery in Canada is suing his partner for about $5.8 million in a New York state court.
Canada's Pieridae Energy In Talks To Sell LNG To Swiss Utility
Thursday, August 16, 2018 Axpo says it was in talks with a Canadian company planning to build a LNG terminal.
Rule Change Cuts Demand for Canadian Oil
Tuesday, August 14, 2018 Canadian heavy oil producers are facing a new barrier to marketing their crude.
Cenovus Agrees to Sell Pipestone Business for $625M
Friday, August 10, 2018 Cenovus Energy enters into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta.
Canada's Govt May Need to Pay More to Expand Trans Mountain
Wednesday, August 08, 2018 Kinder Morgan Canada said the Trans Mountain oil pipeline expansion will cost 26 percent more than estimated and take a year longer to complete.
Value of Canada M&A Deals Slumps Amid Oil Rally
Wednesday, August 08, 2018 Investors have been pushing Canadian energy companies to merge so they can cut costs and combine resources. That isn't going so well this year.
Canada's Takeover of Trans Mountain Pipeline to Close in Late 2018 -Proxy
Tuesday, August 07, 2018 Kinder Morgan Canada now expects a takeover of its Trans Mountain crude oil pipeline to close in late 2018.
Canada Crude Differential Seen Staying High As Refiners Take Downtime
Friday, August 03, 2018 The discount on Canada's heavy crude, which reached a nearly five-year high this week, looks to remain elevated.
Canada's Top Heavy Oil Producer Eyes Lighter Crude
Friday, August 03, 2018 Canadian heavy oil is the weakest in almost five years.
Enbridge Completes 40 Pct of Line 3 Work, Tops Profit Estimates
Friday, August 03, 2018 Enbridge Inc said on Friday it had completed 40 percent of replacement work on its massive Line 3 pipeline and reported a better-than-expected quarterly profit by reining in costs.
TransCanada Sees Robust Oil Shipper Interest In Keystone XL
Thursday, August 02, 2018 TransCanada is seeing strong interest from oil shippers in locking up the remaining space on Keystone XL.
Canadian Natural's Production Miss Clouds Profit Beat
Thursday, August 02, 2018 Canadian Natural Resources reports quarterly production that fell short of its own estimates.
Cenovus To Hold Back Oil Output On Pipeline Woes, Suncor Weighs Hit
Thursday, July 26, 2018 Cenovus Energy says it would hold back on future oil production until pipeline bottlenecks have eased.