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Oil and Gas

Canada’s oil patch cuts back climate efforts under pandemic

Canadian oil sands companies have shelved nearly C$2 billion in green initiatives in a cost-cutting drive to weather the coronavirus...

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Varcoe: Signs of hope, but no quick fix as oil sector emerges from roughest spring on record

Duane Carol owns a small drilling company in Leduc and the normal spring slowdown this year came with a new...

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Senior Canadian officials unite to support offshore industry

Newfoundland and Labrador (NL) Premier Dwight Ball, along with provincial Minister of Natural Resources Siobhan Coady, expressed support for a...

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US shale industry braces for wave of bankruptcies

The biggest independent shale oil groups in the US reported a record combined loss of $26bn in the first quarter...

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'Immense amount of pain' predicted for Canadian oilfield services sector

Canada's oilfield services sector is in for "an immense amount of pain" over at least the next year thanks to...

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'A complete disaster': Investors take aim at Teck CEO Don Lindsay after commodity cycle misses

Days after Teck Resources Ltd. publicly pulled the plug in February on Frontier, a proposed $20.5-billion mine in the oilsands...

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Saudi Arabia is buying shares of Alberta's oil sands companies. The 'ethical oil' argument is dead.

When Norway’s massive pension fund announced that it had sold its positions in major Canadian energy companies like Suncor and...

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Canada’s murky bailout deal for oil and gas will cost us all

The COVID-19 pandemic, coupled with low oil prices, have created extraordinarily hard times in oil producing provinces such as Alberta...

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Energy Industry in Canada Needs $20 Billion in Aid, Kenney Says

The Canadian energy industry needs more than C$20 billion (C$14.1 billion) in aid from the federal government as the Covid-1...

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$5 Crude Could Put Canada’s Oil Sands Out Of Business

Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come...

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Ultra Cheap Canadian Oil Dominates U.S. Markets

While U.S. crude oil imports from OPEC and Mexico have slumped over the past decade and a half, crude imports...

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Alberta premier says layoffs loom as oilpatch warns of 'catastrophic' impact from low prices

Alberta Premier Jason Kenney warned Wednesday that job cuts are expected to hit the province's oil and gas sector in...

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Varcoe: Companies react quickly to oil price crash as Alberta's hoped-for 'turnaround' evaporates

It was less than two short weeks ago the Alberta government was predicting the province was on the verge of...

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Thomas Siebel: AI to transform oil and gas

Silicon Valley entrepreneur is bringing artificial intelligence to the oil and gas industry...

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Groups linked to oil companies funded Facebook ads denouncing the rail blockades

Oil and gas companies, and groups linked to them, have been spending big on Facebook ads that denounce the First...

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The Drilldown: Alberta announces $100 million loan to decommission abandoned oil and gas wells

The Albertan government announced yesterday that it will be financing a $100-million loan to the Orphan Well Association to help...

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The Odds Are Stacked Against Oil As Recession Looms

The recent slump in Brent Crude prices follows a similar pattern of past slowdowns in global factory output, sparking fears...

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Alberta's Kenney says frustrating coronavirus stifling oil and gas economy

Alberta Premier Jason Kenney says it’s difficult to watch global oil prices fall due to reduced demand tied to the...

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Oil, Gas Operators Forecast to Slash E&P, Project Spending on Coronavirus Impacts

Global exploration and production (E&P) investments may take a substantial hit this year because of the coronavirus, as staffing and...

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Coastal GasLink suspends construction pending Wet’suwet’en negotiations

Coastal GasLink has agreed to halt some construction activity for two days as Wet’suwet’en hereditary chiefs signal to their supporters...

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'Do what is necessary': Kenney hints at government backing major oil and gas project

Premier Jason Kenney is suggesting the provincial government may financially back an oil and gas project....

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Trudeau must achieve Canada’s emission targets, even at expense of oilsands industry

Can the oilsands industry reduce its greenhouse gas emissions in line with Canada’s climate change commitments while also remaining competitive...

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Higher oilsands volumes drive beat as Inter Pipeline reports $100M Q4 income

Inter Pipeline Ltd. is crediting strong results from its oilsands transport system, as well as high utilization of its bulk...

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China Could Grant Tariff Exemptions On U.S. Oil And LNG

China has opened for applications for tariff exemptions on a number of U.S. products and commodities including crude oil and...

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Oil prices slide as investors fret about OPEC+’s tolerance for deeper supply cuts

Oil futures moved lower Tuesday as concerns about the coronavirus and its impact on demand fueled a broad aversion on...

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Investors Tightening the Screws on Oil, Gas Acquisitions

Owing to a collapse of oil prices at the end of 2018, M&A activity in oil and gas has almost...

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What Russia's $300B investment in Arctic oil and gas means for Canada

Last month, the Russian government pushed through new legislation creating $300 billion in new incentives for new ports, factories, and...

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The latest on protests across Canada in support of anti-pipeline demonstrators

Here is the latest news on protests across Canada over a natural-gas pipeline project in British Columbia: Anti-pipeline protesters are...

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TC Energy to spend $1.3B on expansion projects to connect Canadian gas producers to growing markets in North America

TC Energy Corp. is spending $1.3 billion to expand its natural gas pipelines and help beleaguered Canadian natural gas producers...

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Cenovus ramps crude-by-rail volumes to 120,000 bpd without provincial contracts

Crude-by-rail shipments by oilsands producer Cenovus Energy Inc. jumped to 120,000 barrels per day in January from 106,000 in December...

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Alberta environment minister says First Nations concerns with Teck Frontier are about money

The Alberta government says a First Nation's concerns about the proposed Teck Frontier oilsands mine are more about getting a...

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Canadian banks going green still boost loans to the oil industry

Canada’s big banks may be embracing green, but that hasn’t stopped them from lending more and more money to fossil-fuel...

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Environmental groups not interviewed for Alberta energy inquiry interim report Social Sharing

Three environmental groups painted as hostile to the oil and gas industry by the Alberta government say they weren't interviewed...

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Brookfield a potential suitor for Trans Mountain, analyst says

Brookfield Infrastructure Partners LP could be a potential buyer of the Canadian government-owned Trans Mountain oil pipeline, a Stifel FirstEnergy...

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Emissions Could Undo Canada's Latest Oil Sands Project

The fate of the latest oil sands mining project in Alberta may be decided by the estimates of carbon emission...

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After a decade out in the cold, 2020 is shaping up to be the year of the pipeline

A year ago, Enbridge Inc.’s $9-billion Line 3 and TC Energy Corp.’s US$8-billion Keystone XL pipeline projects, as well as...

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Company behind proposed Manitoba frack sand mine says project delayed by 'terrible market,' but not dead

A controversial Manitoba development that would extract silica sand for use in major fracking operations has been delayed after costs...

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Canada takes methane emissions reduction lead

The Canadian government is forging ahead with its commitment to reduce methane emissions with regulations that came into effect at...

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Oil rises for a second day as OPEC+ weighs coronavirus action

Oil futures rose for a second day on Thursday boosted by potential OPEC+ action to counter oil demand loss from...

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Some optimism ahead for Alberta's oil industry

It could be a changing of the tides when it comes to getting Alberta oil to international markets....

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Oil and gas industry leaders meeting with IoT experts in Alberta to discuss industry issues

Leaders from the Canadian oil and gas industry are set to speak with a large number of players in the...

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What the Trans Mountain decision means for Alberta's oilpatch

If there were cheers around Alberta's oilpatch Tuesday, they may have been drowned out by the sighs of relief. In...

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The Corner Stone Of Canadian Economy – Oil

It is safe to say that Canada has enough of oil and gas resources to be self-sufficient. But what is...

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TSX futures rise as oil prices rebound

Canada’s main stock index futures gained on Tuesday as oil prices rebounded on hopes of supply cuts from OPEC and...

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Teck mine approval could require Alberta to hit net-zero emissions by 2050

The federal cabinet is considering approving the Teck Frontier oilsands mine, but with a condition — that Alberta legislate an...

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Alberta premier heads to Montreal and Washington, D.C. to talk business and pipelines

lberta Premier Jason Kenney will travel to Montreal and Washington, D.C., this week. A statement from Kenney’s office says the...

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Prospects advance for Canada’s oil pipelines, but hurdles remain

Prospects for expanding pipelines to move Canadian oil to markets have brightened, but plenty of hurdles remain for the Canadian...

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Alberta to overhaul 'flawed' scheme that regulates old oil and gas infrastructure

The Alberta energy regulator will soon unveil sweeping changes to how it regulates its old oil and gas infrastructure, including...

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Oil rises as WHO declares emergency but opposes travel ban

Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess...

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Canadian Producers Predict Oil, Natural Gas investment Turnaround in 2020

Investment in Canadian oil and natural gas will start recovering this year from its 57% collapse driven by weak commodity prices...

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Canadian energy sector to boost spending after 6-year slide -industry group

Capital spending by Canada's oil and gas industry will rise by 6%, or C$1.9 billion, in 2020 from the previous...

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Alberta climate plan part of cabinet decision on Teck oilsands mine, Wilkinson says

The federal cabinet's decision on a huge new Alberta oilsands mine will weigh what the province is doing to help...

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These oil companies are leading the industry's green transformation

Oil and gas companies know the clock is ticking to become greener as investor demand for climate action mounts. However...

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'Trickiest needle to thread': Poll finds PM risking base support over Trans Mountain

According to a report released Tuesday entitled “End Game: As Supreme Court ruling removes another hurdle for TMX pipeline, opposition...

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'Unprecedented' Supreme Court decision on Trans Mountain should be message for Quebec: Kenney

Alberta Premier Jason Kenney says the Supreme Court of Canada’s “unprecedented” dismissal of British Columbia’s move to stop Trans Mountain...

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