Alberta – Oil & Gas 360

Alberta projects C$5.2-billion budget deficit if Trump tariffs proceed

February 28, 2025

(BOE Report) – Canada’s oil-producing province of Alberta on Thursday forecast a budget deficit of C$5.2 billion ($3.5 billion) for the 2025/26 fiscal year if U.S. tariffs are implemented and decrease government revenues and slow economic growth. The outlook reflects a dramatic reversal of Alberta’s fiscal health, following what is expected to be a C$5.8-billion budget surplus in the current fiscal

Canada won’t single out Alberta in any potential tariffs on the U.S.

January 30, 2025

(Oil Price) – Canada will not let the oil-producing province of Alberta suffer the biggest blow of any Canadian retaliatory tariffs in response to potential U.S. import levies, said Jonathan Wilkinson, Canadian Energy and Natural Resources Minister. The potential tit-for-tat tariffs have created concern that Alberta, the oil heartland of Canada, would be hurt by possible restrictions on Canadian crude oil

Canada’s federal government not interested in investing in LNG

April 1, 2024

Oil Price The federal government of Canada is not interested in investing in any LNG projects or subsidizing such plans, Energy and Natural Resources Minister Jonathan Wilkinson told CTV in an interview aired on Sunday. The Canadian government doesn’t plan to subsidize the electrification of ongoing LNG projects, the federal minister of energy added. “The government is opposed to using government money

Alberta’s ban on renewables could hurt C$11 bln in investments, says study

March 11, 2024

Yahoo Finance OTTAWA – Canadian province Alberta’s ban on some renewable projects could hurt C$11.1 billion ($8.24 billion) in investments and stall up to 6.3 gigawatts (GW) of solar and wind power capacity, a study said on Monday. The new rules can potentially impact 42 projects valued at over C$11 billion and several thousand jobs, the Pembina Institute, an Alberta-based

Oil revenues send Alberta’s budget surplus soaring

December 1, 2023

Oil Price Revenues from the oil industry have pushed Alberta’s projected budget surplus for this year to twice as high as initially expected, at $4.1 billion, or C$5.5 billion. In addition to revenue from oil royalties, the budget surplus for fiscal 2023/24 was pushed up by higher personal and corporate taxes. “Alberta’s economy is resilient, and our finances are on track,” Finance

Wildfires in Canada shut down oil, gas production

May 8, 2023

World Oil (Bloomberg) — Wildfires burning across the Canadian province of Alberta have prompted the evacuation of almost 30,000 residents and the shut down of oil and natural gas wells and pipeline systems. A total of 109 blazes were burning as of late Sunday, 30 of which were classified as out of control, and a provincial state of emergency has

Alberta is fighting to send its oil abroad

February 16, 2023

Oil Price Despite efforts from Canada’s Prime Minister Justin Trudeau to move away from oil sands – long hailed as the world’s most destructive oil operation – Alberta, the country’s largest oil-producing region, is pushing to open new energy corridors with the U.S. to export its fossil fuels. As the global demand for oil and gas continues, and countries look closer

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

May 7, 2021

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 would be on the hook for billions of dollars in extra security payments if they calculated liabilities under the old

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

August 27, 2019

From Reuters Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network. Canadian Natural’s letter to the National Energy Board (NEB), filed late on Monday, calls on the regulator to delay Enbridge’s proposal to switch

Horizontal drilling operations Encana - Oil & Gas 360

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

August 27, 2019

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Enerflex Appoints New CFO, General Counsel

August 23, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Enerflex names Sanjay Bishnoi as senior vice president and CFO, David Izett as senior vice president and general counsel Enerflex Ltd. (stock ticker: ENRFF), a Calgary-based oilfield service company, has appointed Sanjay Bishnoi as senior vice president and chief financial officer, and David H. Izett as senior vice president and general

Court Affirms Alternative Keystone XL Oil Pipeline Route Through Nebraska

August 23, 2019

From Reuters A court in Nebraska on Friday affirmed an alternative route through the Midwest state for TC Energy Corp’s Keystone XL oil pipeline in the latest chapter in the nearly 10-year legal fight over the Canada to Texas pipeline. The ruling lifts one of the last outstanding legal challenges facing the controversial project, which would ship 830,000 barrels per

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