Canada
News
March 28, 2017
Prices for light crude surged after an oil-sands upgrader shut for maintenance and reduced supply caused by preparations to place the Dakota Access pipeline into service.
News
March 24, 2017
The Petroleum Services Association of Canada (PSAC) was pleased to hear the federal government will provide a one-time payment of $30 million to the Government of Alberta to “support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.”
News
March 24, 2017
After eight years of political haggling, the Keystone XL oil pipeline running from Canada to the U.S. has been approved by President Donald Trump.
News
March 23, 2017
OPEC’s supply cuts are providing a windfall for producers of heavy crude from Western Canada and the Gulf of Mexico.
News
March 20, 2017
Source Energy Services Inc., Canada’s largest distributor of fracing sand, has cut the size of its initial public offering to about C$250 million ($187 million) from C$300 million amid a decline in oil prices, according to a document obtained by Bloomberg News.
News
March 15, 2017
Fracking service provider STEP Energy Services Ltd. postponed its planned initial public offering, according to people familiar with the matter, after oil prices fell making market conditions less favorable.
News
March 10, 2017
Nalcor Energy has issued a request for Expressions of Interest (EOI) across local, national and international markets to invite and assess interest for the potential use of the Bull Arm Fabrication facility, following the completion of Exxon Mobil Canada Properties lease in March 2018.
News
March 10, 2017
The Canadian oil patch’s half-century bond to the U.S. market is loosening one tanker load at a time in Donald Trump’s “America First” era.
News
March 09, 2017
Marathon Oil Corporation announced today that it has signed an agreement to sell its Canadian subsidiary, which includes the Company's 20% non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for $2.5 billion in cash, excluding closing adjustments.
News
March 09, 2017
Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25-billion deal that cuts debt and reduces involvement in one of the most environmentally damaging forms of fossil-fuel extraction.
News
March 06, 2017
Patterson-UTI reported today the company had an average of 80 drilling rigs operating in the U.S. and two rigs in Canada for the month of February.
News
March 03, 2017
TransCanada Corp.’s Keystone XL pipeline doesn’t face any major remaining hurdles to U.S. approval, Canada’s ambassador to Washington said.
News
March 01, 2017
Canada’s first exports of LNG may soon be heading overseas from a port in Louisiana.
News
February 28, 2017
STEP Energy Services Ltd., a fracing services provider, plans to raise about C$200 million ($152 million) in the biggest initial public offering (IPO) in the Canadian oil and gas industry in more than two years.
News
February 27, 2017
Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves.
News
February 23, 2017
Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers.
News
February 16, 2017
The Province of British Columbia and the Metlakatla First Nation have reached new agreements to ensure benefits accrue as a result of the construction and operation of a liquefied natural gas (LNG) export industry in the Prince Rupert area on the country’s west coast.
News
February 09, 2017
Suncor Energy Inc.’s production rose to a record last quarter after the oil-sands giant took control of the Syncrude processing unit and put it at full throttle.
News
February 08, 2017
Global Tubing, LLC, the industry leader in coiled tubing products and services, announces the opening of a new service center in Grand Prairie, Alberta, Canada.
News
January 29, 2017
U.S. President Donald Trump’s controversial 20% tax on imports from Mexico to pay for a border wall would come as a second gift in less than a week for Canada’s oil patch.
News
January 25, 2017
President Donald Trump’s decision to revive TransCanada Corp.’s Keystone XL pipeline may herald a new era of pipeline abundance for Canadian oil producers after years of bottlenecks, while lowering the discount on the region’s crude.
