Alberta – Oil & Gas 360

Alberta government urges oil regulator to go soft on flaring

December 1, 2025

(Oil Price) – The provincial government of Alberta, Canada’s key oil and gas-producing province, has advised the Alberta Energy Regulator to go soft on imposing penalties for excess flaring, Reuters reported on Monday, citing documents it had obtained through access to information laws. The provincial government has urged the regulator to take a “softer” tone in communication with companies that are found to

Hodgson says Ottawa is close to providing clarity on B.C. tanker ban

November 25, 2025

(World Oil)- Energy and Natural Resources Minister Tim Hodgson said on Monday the government is getting close to being able to provide clarity on whether Ottawa would repeal the West Coast oil tanker ban. Hodgson made the remarks while appearing before the House of Commons committee on natural resources, when he was asked about the status of the legislation prohibiting

ConocoPhillips to lay off Canada employees in November, company memo shows

October 24, 2025

(BOE Report)– U.S. oil company ConocoPhillips is laying off employees at its Canadian operations, according to three sources and a company memo reviewed by Reuters, as it moves to cut up to a quarter of its global workforce by next year. The memo did not specify how many layoffs would take place but said they would begin at the company’s Canadian

Alberta expects private proposal for a new oil pipeline to B.C.

June 24, 2025

(Oil Price) – Alberta could receive within weeks a proposal from a private company for a new pipeline from the oil-rich province to British Columbia’s northwest coast, Alberta Premier Danielle Smith told Bloomberg News in an interview published on Tuesday. A new pipeline to Canada’s northwest Pacific coast “is the most credible and the most economic of all of the pipeline proposals the

Carney faces crisis as Alberta oil anger boils over

June 17, 2025

(Oil Price) – Canada’s new Prime Minister Mark Carney faces his first real challenge to Canadian unity amid a soured relationship with the long-time trade partner and ally, the United States. A movement to secede from Canada is growing in the oil-rich province of Alberta, which contributes a large part to Canadian economy and budget and has the highest gross domestic

Wildfires erupt near Alberta oil well sites amid hot weather

May 27, 2025

(World Oil) – Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others. Four out-of-control fires were burning in Alberta at 4:15 p.m. Monday, including a 2,000-hectare blaze near Swan Hills. The province issued a notice to the town’s residents telling them to prepare to evacuate within an

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

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