Canada

Shell sells Alberta oil sands business to CNRL for $11.1 billion

Shell sells Alberta oil sands business to CNRL for $11.1 billion

Canadian Natural Resources already one of largest oil sands operators, makes significant bet on long-term future of bitumen Royal Dutch Shell plc is getting out of the Alberta oil sands, selling almost all of its interests and operations to Canadian Natural Resources Limited for $11.1 billion. Shell plc announced Wednesday the signing of two agreements by […]

Rising oil production makes Alberta fastest growing provincial economy in 2017

Rising oil production makes Alberta fastest growing provincial economy in 2017

Most provinces will see positive economic growth in 2017, Alberta to lead growth Alberta is poised to have the strongest economic growth in 2017 mainly due to fast-rising oil production, according to The Conference Board of Canada’s Provincial Outlook: Winter 2017. Former leaders, British Columbia and Ontario, will see the pace of economic growth ease […]

Premier Notley, energy minister head to Texas to promote energy trade

Premier Notley, energy minister head to Texas to promote energy trade

Alberta supplies 34% of US oil imports, 99% of US natural gas imports Alberta’s energy sector and deep trade ties with the United States will be the main focus as Premier Rachel Notley and Energy Minister Margaret McCuaig-Boyd head to Houston March 6-8 for CERAWeek, a major American energy conference. Notley will participate in a panel […]

Exxon CEO says still sees potential in Canadian oil sands

Exxon CEO says still sees potential in Canadian oil sands

More efficient Canadian oil sands will weather low price environment Despite a write-down in the value of nearly all its Canadian oil sands reserves, Darren Woods, CEO of Exxon Mobil Corp says he still sees potential in the northern operations. “The way we’re managing that (Canadian oil sands) business is looking at the opportunity to […]

The sun is (still) shining on solar in Canada

The sun is (still) shining on solar in Canada

SunMine has cloudier weather in last two years, project still earning revenue for city 2017 is going to be a big year for solar. Ganesh Bell, chief digital officer for GE Power, recently predicted that more utility-scale wind and solar will reach grid parity, and, in many regions, these generation sources will offer lower-priced alternatives to traditional […]

Alberta launches $36 million in rebates for rooftop solar panels

Alberta launches $36 million in rebates for rooftop solar panels

Details coming about qualifying systems, installation and eligibility requirements Homeowners, businesses and non-profit organizations will receive rebates for rooftop solar panels that meet the Residential and Commercial Solar Program requirements as early as this summer, according to an Alberta government press release. “There’s a lot of buzz in Alberta around small-scale solar resources. This program […]

By February 28, 2017 0 Comments Read More →
TransCanada to sell two US pipeline stakes to raise funds

TransCanada to sell two US pipeline stakes to raise funds

TransCanada stake in Iroquois and Portland systems on block CALGARY, Alberta, Feb 27 (Reuters) – TransCanada Corp has offered to sell stakes in two US natural gas pipelines to fund other projects including its recently purchased Columbia natural gas network, the Calgary-based company said on Monday. The move comes after TransCanada, Canada’s No. 2 pipeline […]

By February 27, 2017 0 Comments Read More →
Bangladesh aims to raise trade volume to $5 billion/year with Canada by 2022

Bangladesh aims to raise trade volume to $5 billion/year with Canada by 2022

Bangladesh exports mostly clothing to Canada, imports Canadian food grains DHAKA, Feb 25 (Reuters) – Bangladesh aims to raise its annual bilateral trade with Canada to $5.0 billion by 2022 from the current $2.0 billion, a senior government official said on Saturday. Bangladesh is the second-largest importer of Canadian food grains and other agricultural products in […]

By February 25, 2017 0 Comments Read More →
Most Alberta energy firms to further cut costs: Survey

Most Alberta energy firms to further cut costs: Survey

70 per cent of Alberta energy firms look to increase efficiencies CALGARY, Alberta, Feb 23 (Reuters) – Most Alberta energy firms, which cut costs following the crude crash in 2014, are looking to run even leaner, according to the author of a report from professional services firm EY released on Thursday. The report was based […]

By February 24, 2017 0 Comments Read More →
Alberta Energy Regulator expands pipeline incident reporting

Alberta Energy Regulator expands pipeline incident reporting

AER mandate includes ensuring safe, environmentally responsible development of hydrocarbon resources A new Alberta Energy Regulator (AER) report designed to improve industry performance provides detailed information on how pipeline operators are performing compared with their peers across Alberta, according to a press release from AER. The Pipeline Performance Report-focusing on 2015 and 2016 pipeline incidents-is […]

By February 23, 2017 0 Comments Read More →