Precision Drilling sees demand for Tier 1 rigs July 21 (Reuters) – Canada’s Precision Drilling Corp said drilling activity in North America in the second quarter was the lowest in decades, but added that oil producers were resetting capital budgets due to the recent rally in crude prices. Due to the weak activity, Precision Drilling also […]
Precision Drilling says oil producers hiking budgets Read More »
Energy East, Trans Mountain Expansion, Northern Gateway “remain in limbo due to opposition from environmental and First Nations groups” Barriers to building pipelines that would allow Canadian producers to diversify their sales result in prices that are 20 to 30 per cent below the world price of West Texas Intermediate, costing Canada’s economy and governments
Pipeline project delays cost Canada’s economy, govts billions a year – Fraser Insititute Read More »
Canadian energy company Encana pumping money into Permian operations By Nia Williams and Amrutha Gayathri CALGARY, Alberta, July 21 (Reuters) -The Canadian oil and gas earnings season kicked off on Thursday with signs of an industry recovery as Encana Corp and Precision Drilling Corp outlined plans to boost activity. Calgary-based Encana reported an unexpected quarterly
Canadian energy earnings hint at brighter outlook for oil Read More »
Fluid tailings must be ready to reclaim within 10 years of end of a mine’s life CALGARY, Alta. – New requirements issued by the Alberta Energy Regulator target oil sands tailings ponds, requiring performance reporting and ensuring progressive reclamation. “These new requirements will ultimately remove tailings from the landscape of Alberta,” said Jim Ellis, CEO of
New rules target tailings ponds – Alberta Energy Regulator Read More »
Energy East will generate $10.3 billion in tax revenues for provincial and federal governments over 20 years OTTAWA, Ont. – TransCanada Corporation, along with representatives of the four major pipeline unions and the Pipe Line Contractors Association of Canada, have signed a historic Memorandum of Understanding for work on the Energy East Pipeline Project. The MOU
TransCanada, unions sign ‘historic’ MOU for work on Energy East pipeline Read More »
Devon Energy sells pipeline stake to Wolf Midstream for $1.1B By Amrutha Gayathri July 14 (Reuters) – Devon Energy Corp will sell its 50 percent stake in a pipeline in Western Canada for $1.1 billion to a midstream oil and gas company backed by the Canada Pension Plan Investment Board, completing its divestiture plan
Devon Energy sells Alberta pipeline stake to CPPIB-backed company Read More »
CPP looking to buy Devon Energy’s 50 per cent stake in Access Pipeline TORONTO, July 12 (Reuters) – Wolf Infrastructure, a midstream oil and gas firm backed by the Canada Pension Plan Investment Board, is close to buying Devon Energy Corp’s 50 percent stake in the Access Pipeline in Western Canada, Bloomberg reported on Tuesday. The
Canada Pension Plan close to Devon Energy deal -Bloomberg Read More »
LNG Canada decision delayed due to global industry challenges July 11 (Reuters) – Royal Dutch Shell Plc and its LNG Canada partners have once again pushed back the timing of a decision on building a British Columbia liquefied natural gas export (LNG) terminal, the latest setback for the Canadian province’s energy ambitions. LNG Canada, whose participants
LNG Canada export terminal decision delayed again by Shell Read More »
New Alberta royalty program reward higher risk exploration, maximizing older well recovery CALGARY, Alberta (Reuters) – The Canadian province of Alberta introduced two new oil and gas royalty programs on Monday, the latest step in an overhaul of the fees producers pay to the government to exploit hydrocarbon reserves. Alberta said the royalty programs its government promised
Alberta royalty program unveiled – Industry players welcome changes Read More »
Calgary Stampede extravagance frowned upon by investors By Catherine Ngai CALGARY, July 11 (Reuters) – The Calgary Stampede, the annual rodeo and networking extravaganza in Canada’s energy heartland, is a tamer affair this year after a two-year slump in oil prices and wildfires in May that displaced thousands of people in the country’s costliest natural
Parties fewer, tone tamer at Calgary Stampede hit by low oil, fires Read More »
