Canada Archives Page 53 of 54 - The American Energy News

Cenovus Pelican Lake oil sands project evacuated due to wildfire

CNRL, Cenovus Pelican Lake oil sands staff evacuated By Nia Williams and Eric M. Johnson CALGARY, Alberta, June 8 (Reuters) – Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects and evacuated workers at Pelican Lake facilities in northern Alberta as wildfires threatened western Canadian output for the second time in a five […]

Cenovus Pelican Lake oil sands project evacuated due to wildfire Read More »

Fires near Fort McMurray still reducing Canada’s oil sands production

Canada

According to some industry analysts, natural gas storage in Alberta is nearing capacity and could be full in a few months While evacuees from the ongoing fires in Fort McMurray have begun to return to the city, a state of emergency remains in place throughout Alberta, Canada, and the temporary shutdown of the area’s oil sands

Fires near Fort McMurray still reducing Canada’s oil sands production Read More »

TSX at highest since August as oil, metals prices support

Canada

TSX up .37 per cent By Alastair Sharp TORONTO, June 6 (Reuters) – Canada’s main stock index hit a more than nine-month high on Monday as commodity price gains helped boost the index’s heavyweight energy sector and base metal miners, although gold miners pulled back after last week’s rally. Oil prices rose for a third straight

TSX at highest since August as oil, metals prices support Read More »

Canadian banks not over the worst impact from oil crunch

Canada

Canadian banks working through oil firms’ credit reviews By Matt Scuffham TORONTO, June 3 (Reuters) – Canadian banks are not over the worst of the impact from the oil crunch and face further hefty losses as energy firms struggle to pay back loans and consumers in oil-producing regions suffer, analysts and investors say. The country’s biggest five

Canadian banks not over the worst impact from oil crunch Read More »

Canadian Western Bank says all energy loans under watch

Canada

Canadian Western Bank profit down 37 per cent By Matt Scuffham TORONTO, June 2 (Reuters) – Canadian Western Bank said on Thursday it was monitoring all lending to oil and gas producers after reporting a 37 percent decline in second-quarter profit as struggling clients defaulted on loan repayments. Canada’s biggest banks, including Royal Bank of Canada

Canadian Western Bank says all energy loans under watch Read More »

NOV acquires completion tools business of Trican Well Service

Canada, Energy Financial

NOV says acquisition gives it new technologies, best-in-class manufacturing, sales into new markets National Oilwell Varco, Inc. says plans to acquire Trican Well Service Ltd.’s completion tools business, which designs and sells downhole tools for multi-stage fracturing and completions in North America and select international markets, for $53.5 millionCDN. “The transaction with NOV will strengthen our balance sheet and will

NOV acquires completion tools business of Trican Well Service Read More »

TSX firms as financials advance, losses for energy pared

Canada

TSX up 18.47 points to 14,082.01 TORONTO, June 2 (Reuters) – The TSX, Canada’s main stock index, edged higher on Thursday as financials firmed, while losses for oil weighed on the energy sector after a group of major oil producers left their output policy unchanged. At 11:06 a.m. EDT (1506 GMT), the Toronto Stock Exchange’s S&P/TSX

TSX firms as financials advance, losses for energy pared Read More »

TSX pares losses as financials turn higher; energy falls

Canada

TSX ended down 2.24 points, at 14,063.54 By Fergal Smith TORONTO, June 1 (Reuters) – The TSX, Canada’s main stock index, pared most of its losses on Wednesday, rebounding from an earlier one-week low as financials turned higher, while energy stocks retreated ahead of a meeting this week of major oil producers. Energy stocks fell

TSX pares losses as financials turn higher; energy falls Read More »

Trans Mountain solicits pipeline nominations for June

Canada

Trans Mountain available capacity unusual NEW YORK, June 1 (Reuters) – Kinder Morgan Inc solicited nominations for space this week on its Trans Mountain pipeline system mainline for June, two trading sources said on Wednesday, as supply shortages from Canada’s oil sands appeared to be reaching the West Coast. The pipeline, which moves crude oil and

Trans Mountain solicits pipeline nominations for June Read More »

Husky Energy sees free cash flow, may reinstate dividend after oil rally

Canada

Husky Energy Sunrise oil sands project operational By Eric M. Johnson CALGARY, Alberta, June 1 (Reuters) – Husky Energy Inc, Canada’s No. 3 integrated oilcompany, expects to generate full-year free cash flow and may reinstate a cash dividend after the recent rally in crude oil prices. Husky also said it successfully restarted its 30,000-barrel-per-day (bpd) Sunrise

Husky Energy sees free cash flow, may reinstate dividend after oil rally Read More »