Canada

Source: Reuters

IEA believes Canada’s status as an oil power threatened by net-zero goals

World Oil


CALGARY (Bloomberg) –Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.

 

The country seeks to …

Source: Bloomberg

Exxon seeks to sell Canadian shale assets to focus on oil sands

World Oil


CALGARY (Bloomberg) –Exxon Mobil is looking to sell its Canadian shale assets to focus on Alberta’s oil sands.

 

Exxon and its majority-owned Imperial Oil Ltd. unit will start marketing XTO Energy Canada, which produces 9,000 barrels a …

Source: Reuters

IEA urges Canada to use clean power resources to help cut emissions

Reuters


CALGARY, Alberta – Canada, the world’s fourth-largest oil producer, needs to give clear policy signals and leverage its abundant clean electricity resources to sharply cut carbon emissions, the International Energy Agency (IEA) said on Thursday in a review of
Source: Bloomberg

Canadian oil exports to Asia reach record with new U.S. link

World Oil


LONDON (Bloomberg) –Canada’s oil sands producers were able to export a record amount of crude to overseas markets thanks to a new link to the U.S. Gulf Coast.

The recent reversal of Marathon Pipe Line Inc.’s Capline pipeline …

Canada’s Cenovus reaches share price highs not seen since 2017

Canada’s Cenovus reaches share price highs not seen since 2017

World Oil


(Bloomberg) –For a few fleeting hours Thursday, shares of Cenovus Energy Inc., one of Canada’s biggest oil producers, bounced back to highs not seen since its massive stock issuance to buy assets from ConocoPhillips four and a half …

Source: World Oil

Freezing weather hampers crude oil flow in northern U.S., Canada

World Oil


(Bloomberg) –A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices just as American stockpiles are declining.

With temperatures from North Dakota to Northern Alberta below zero Fahrenheit (-18 Celsius), TC …

January 6, 2022 - 10:30 am Canada, Canada News, Crude Oil News, Energy News
Source: Reuters

Canadian dollar rebounds as oil prices climb

Reuters


The Canadian dollar strengthened against its U.S. counterpart on Tuesday, with the currency clawing back some of its decline from the prior day as oil prices rose and domestic data showed factory activity expanding at the slowest pace in …

Canadian indigenous group says it has ordered workers off site of disputed gas pipeline

Canadian indigenous group says it has ordered workers off site of disputed gas pipeline

Nasdaq


OTTAWA, Nov 15 – An indigenous group in the Canadian Pacific province of British Columbia says it has ordered workers to leave the site of TC Energy Corp’s TRP.TO Coastal GasLink pipeline, the latest step in a protracted dispute.…

Source: Reuters

Canadian light oil demand jumps as refiners avoid gas dependence

World Oil


CALGARY (Bloomberg) –Canada’s oil sands are known for yielding some of the heaviest, most carbon-intensive oil in the world but it’s the light crude that the country produces that is most in demand at the moment.

Refiners across …

Source: Reuters

Canada oil producers grapple with Trudeau’s demand for faster emissions cuts

Reuters


WINNIPEG, Manitoba (Reuters) – Canada’s oil producers face new pressure from Prime Minister Justin Trudeau to reduce emissions in just three years, a sudden acceleration of their plans that at least one major company said looks unrealistic.

Suncor Energy, …

Source: Reuters

Canada escalates Michigan pipeline battle with decades-old treaty

World Oil


(Bloomberg) –The Canadian government invoked oil and gas transit rights under a decades-old treaty with the U.S. to stop Michigan’s attempt to shut down an Enbridge Inc. pipeline under the Great Lakes.

A 1977 agreement states Canada and …

Source: Reuters

Enbridge to start oil sands pipeline after years of delays

World Oil


(Bloomberg) –A long-delayed Enbridge Inc. pipeline extending from Canada’s oil sands to the U.S. Midwest will enter service Friday after years of opposition from environmentalists and indigenous groups.

The company said its Line 3 replacement project, which will …

Source: Reuters

EXCLUSIVE Canada’s clean energy lobby groups call for changes to draft Clean Fuel Standard

Reuters


CALGARY, Alberta – One of Canada’s flagship pieces of climate regulation has run into criticism from clean fuel lobby groups as Prime Minister Justin Trudeau prepares to start his third term in office, with industry advocates arguing it is …

Source: World Oil

Syncrude Canada force majeure impacts North American crude flow

World Oil


CALGARY (Bloomberg) –Syncrude Canada Ltd., a light crude producer majority-owned by Suncor Energy Inc., cut September supplies due to a mechanical disruption at its oil sands site, according to a person familiar with the situation.

In a force …

September 23, 2021 - 1:00 pm Canada, Canada News, Closing Bell Story‎, Crude Oil News, Energy News
Source: World Oil

Canada covers local oil demand with U.S. imports, despite being the world’s 4th largest crude producer

World Oil


CALGARY– Canadian oil production is more than two and half times domestic demand, yet the majority of crude oil demand in the country arrives via the United States, according to a new analysis by IHS Markit, a world …

Source: Reuters

Canadian Natural sets new emission goals after profit beat

Reuters


Oil producer Canadian Natural Resources on Thursday set new environmental targets after it beat market estimates for second-quarter profit, buoyed by higher oil prices, which rebounded from pandemic-driven lows.

Cash-rich Canadian oil sands producers have come under pressure to …

NuVista Energy Ltd. announces positive second quarter 2021 financial and operating results

NuVista Energy Ltd. announces positive second quarter 2021 financial and operating results

CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista…

Source: Reuters

Brookfield sweetens offer for Canada’s Inter Pipeline to $6.85 billion

Reuters


Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.

Pembina has made an all-stock bid of about …

Source: Reuters

Shell unveils carbon capture project in Canada’s Alberta province

Brecorder


CALGARY: Royal Dutch Shell said on Tuesday it plans to build a large-scale carbon capture and storage (CCS) project near Edmonton, Alberta, joining a number of other companies proposing clean energy initiatives in Canada’s main oil-producing province.

The Polaris …

Enbridge Inc. announces resignation of Board Member Gregory J. Goff

Enbridge Inc. announces resignation of Board Member Gregory J. Goff

Enbridge Inc. Announces Resignation of Board Member Gregory J. Goff Canada News…

Source: Reuters

Canada’s oil sands producers form alliance to achieve net-zero emissions by 2050

Reuters


Canadian oil sands producers said on Wednesday they would form an alliance to achieve net-zero greenhouse gas emissions from their operations by 2050, as the cash-rich firms come under pressure to meet the country’s goal on energy transition.

Oil …

Source: Razor Energy

Razor Energy Corp. announces first quarter 2021 results

CALGARY, Alberta, May 28, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor”…

Source: Reuters

Canada’s top pension funds boost investments in high-carbon oil sands

Reuters


TORONTO – Canada’s biggest pension managers boosted their investments in the country’s major oil sands companies in the first quarter of 2021, raising questions about the funds’ recent commitments to greening their portfolios.

The cumulative investment by the country’s …

Source: Reuters

BASF, Canada in early talks on EV battery production – source

Reuters


OTTAWA – Several companies, including Germany’s BASF SE, are in preliminary talks about tapping a federal clean tech fund to set up production for electric vehicle batteries in Canada, a government official with knowledge of the discussions said.

The …

Canacol Energy Ltd. provides operations update

Canacol Energy Ltd. provides operations update

CALGARY, Alberta, May 19, 2021 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “C…

Source: Reuters

Cenovus sells Marten Hills royalty interest for more than $100 million

 

Calgary, Alberta (May 18, 2021) – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has sold its gross overriding royalty (GORR) in the Marten Hills area of Alberta to Topaz Energy Corp. for gross cash proceeds of $102 million. The …

Source: BOE Report

Canada’s Alberta temporarily tweaks environmental liability for oil sands mines

BOE Report


The province of Alberta said on Thursday it will allow oil sands mining companies to change how they calculate environmental liabilities this year, to take into account the wild swings of 2020, when oil prices turned negative.

Producers …

Source: Reuters

TC Energy posts C$1 billion quarterly loss on Keystone XL suspension

Reuters


Canadian pipeline operator TC Energy on Friday swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charges related to the suspension of its Keystone XL pipeline project.

The pipeline was planned to carry …

Canadian Natural Resources Limited announces 2021 first quarter results

Canadian Natural Resources Limited announces 2021 first quarter results

Calgary, Alberta–(Newsfile Corp. – May 6, 2021) – Commenting on the Company’s first quarter 2…

Source: Bloomberg

Imperial announces first quarter 2021 financial and operating results

Imperial Oil Limited (TSX, NYSEAM: IMO): Net income of $392 million in th…