Post Tagged with: "Alberta"

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

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

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 …

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Enerflex Appoints New CFO, General Counsel

Enerflex Appoints New CFO, General Counsel

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

Source: Keystone-XL

Court Affirms Alternative Keystone XL Oil Pipeline Route Through Nebraska

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.…

Source: Pembina Pipeline Corporation

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion
Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of

Source: CSV Midstream Solutions

Paramount Resources Closes Sale of Karr 6-18 Nat Gas Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paramount Resources completes divestiture of its Karr 6-18 facility to CSV Midstream Solutions
Paramount Resources Limited, a liquids-focused independent E&P based in Calgary, has completed the sale of its Karr 6-18

Seven Generations Energy Releases Second Quarter Earnings

Seven Generations Energy Releases Second Quarter Earnings

Seven Generations Energy Delivers $355 Million of Adjusted Funds Flow, $1.00 Per Share, and $44 Million of Free Cash Flow in the Second Quarter Of 2019

Canadian Oil Companies See Output Cuts Easing as Rail Capacity Grows

Canadian Oil Companies See Output Cuts Easing as Rail Capacity Grows

From Reuters


Major Canadian oil companies, which publicly disagreed over the Alberta government’s forced curtailments this year, are in lockstep over how to end the production limits and reinvigorate the battered industry.

Senior executives from Suncor Energy, Canadian Natural Resources, …

Source: Goodnight Midstream

Plains Midstream Canada Makes Expansion

Plains Midstream Canada Announces Rangeland Pipeline Expansion

Source: Razor Energy

Razor Energy Partners with Canadian Government, Alberta Innovates

By Tyler Losier, Energy Reporter, Oil & Gas 360

Geothermal power project gets $7 million contribution
Razor Energy Corp. (stock ticker: RZE), a Canadian oil and gas company based out of Calgary, has partnered with the Canadian government through Natural

Canadian Prime Minister Justin Trudeau

Trudeau Cabinet Greenlights Trans Mountain Pipeline Expansion

From BNN/Bloomberg


(Bloomberg) — Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups.

Trudeau’s cabinet approved …

Source: Canadian Natural Resources

Devon Energy Sells Canada for $2.8 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Devon looks to focus on oil-based growth in U.S., departs Canada
Canadian Natural Resources Limited (stock ticker: CNQ) inked a deal this Wednesday to acquire Devon Energy Corp.’s (stock ticker: DVN)

B.C.’s Top Appeals Court Rules: Province Can’t Restrict Alberta Oilsands Crude Shipments Across B.C. to Vancouver for Export

B.C.’s Top Appeals Court Rules: Province Can’t Restrict Alberta Oilsands Crude Shipments Across B.C. to Vancouver for Export

Trans Mountain Expansion gets boost from British Columbia top appeals court ruling; could go to Supreme Court of Canada next

Trudeau government pledged to buy Trans Mountain Expansion project from Kinder Morgan for $4.2 billion – has to make decision

Keyera Will Build Montney, Duvernay Condensate NGLs Pipeline

Keyera Will Build Montney, Duvernay Condensate NGLs Pipeline

Keyera Approves KAPS – A Montney Condensate & NGL Pipeline System

Shuttered Junior Gas Company Simply Walked Away From 4,700 Wells, Says Alberta Energy Regulator

Shuttered Junior Gas Company Simply Walked Away From 4,700 Wells, Says Alberta Energy Regulator

From CBC

The Alberta Energy Regulator says junior gas company Trident Exploration Corp. shut down abruptly Tuesday without responding to an order to properly manage its 4,700 wells — adding to the more than 3,000 orphan wells already awaiting remediation …

Alberta Enacts Law That Could Cut Energy Flows to British Columbia

Alberta Enacts Law That Could Cut Energy Flows to British Columbia

From Reuters

The new Alberta government has enacted a law enabling it to restrict the flow of oil and gas to neighboring British Columbia, raising the stakes in a dispute between Canada’s westernmost provinces over the Trans Mountain pipeline.

Alberta …

Source: Canadian Oil Sands Ltd.

Oil Sands Work May Do What Curtailments Haven’t: Cut Stockpiles

From Bloomberg

Maintenance at oil-sands mines may achieve what Alberta’s mandatory production curtailments have so far failed to accomplish: drain Western Canada’s storage tanks.

Inventories in the region were 34 million barrels the week before last, Richard Kruger, Imperial Oil

April 30, 2019 - 3:56 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Pipe destined for TransCanada’s Keystone XL pipeline is stockpiled near Gascoyne, N.D. (CBC)

Kenney Win Puts Maligned Trudeau Pipeline Law Under New Pressure

From Bloomberg

Alberta’s incoming premier is already fighting pipeline law changes that are in the offing.

Jason Kenney’s conservative party swept to power Tuesday in Canada’s oil heartland after a campaign in which he regularly took aim at Prime Minister …

April 18, 2019 - 3:21 pm Canada, Closing Bell Story‎, Energy News, Midstream, MLP News, MLPs
New Alberta Leader’s Vow to Scrap Rail Plan Divides Oil Patch

New Alberta Leader’s Vow to Scrap Rail Plan Divides Oil Patch

From Bloomberg

Alberta Premier-Elect Jason Kenney’s vow to cancel his predecessor’s C$3.7 billion ($2.8 billion) plan to increase the province’s crude-by-rail capacity is dividing Canada’s oil industry, with even one of his supporters saying he should keep the program.

Kenney, …

April 17, 2019 - 4:06 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Kenney Plans Oil Fight as Conservatives Regain Power in Alberta

Kenney Plans Oil Fight as Conservatives Regain Power in Alberta

From Bloomberg

Alberta returned to its conservative roots, electing United Conservative Party Leader Jason Kenney premier after he vowed to fight harder for the Canadian province’s beleaguered energy industry.

Kenney defeated center-left incumbent Rachel Notley, 55, whose New Democratic Party …

April 17, 2019 - 3:54 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Canada’s ‘Economic Civil War’ Takes Center Stage in Alberta Vote

Canada’s ‘Economic Civil War’ Takes Center Stage in Alberta Vote

From Bloomberg

For a guy who says one of his fondest memories as a Canadian was watching the Quebec separatist movement fail at the ballot box in 1995, Brett Wilson sure talks a lot about his own province seceding.

The …

Wildcatters of the Prairies Get Big Boost From Alberta Oil Cuts

Wildcatters of the Prairies Get Big Boost From Alberta Oil Cuts

From Bloomberg

One group of Canadian oil producers is gaining from the output cuts imposed by Alberta: the small explorers.

Local wildcatters that pump light crude far from the giant oil-sands mines of northern Alberta are getting a big price …

April 2, 2019 - 4:26 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Alberta Crude Inventories Rise Despite Production Curtailments

Alberta Crude Inventories Rise Despite Production Curtailments

From Reuters

The amount of oil in storage in Alberta rose in February, monthly data shows, despite moves by the government of Canada’s largest crude-producing province to reduce inventories by imposing curtailments on production.

The reason is a sharp decline …

April 2, 2019 - 3:53 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Oil Drillers in New Alberta Play Shrug Off Glut, Curbs

Oil Drillers in New Alberta Play Shrug Off Glut, Curbs

From Bloomberg

Drillers are moving ahead in a corner of Canada’s oil sands that saw a flurry of land grabs in recent years, unfazed by a glut of crude that depressed prices last year and the mandatory production cuts that …

March 7, 2019 - 4:44 pm Canada, Closing Bell Story‎, Energy News
Canada’s Oil Capital Takes a Page From the OPEC Playbook

Canada’s Oil Capital Takes a Page From the OPEC Playbook

From Bloomberg

When prices for Canada’s heavy crude collapsed late last year, Alberta did something quite out of character. The traditionally conservative, free-market-loving province took a page out of OPEC’s handbook and ordered its largest oil producers to throttle back …

March 1, 2019 - 4:36 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Alberta Premier Warns Energy Bill Could Hurt Slumping Oil Sector

Alberta Premier Warns Energy Bill Could Hurt Slumping Oil Sector

From Reuters

Alberta Premier Rachel Notley warned Canadian senators on Thursday that a slump in the country’s energy sector could deepen if the federal government passes proposed legislation to change how major projects like pipelines are assessed.

Notley appeared before …

February 28, 2019 - 6:37 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
World-class Alberta Petrochemical Plant Gets Positive FID

World-class Alberta Petrochemical Plant Gets Positive FID

Pembina Pipeline Corporation Announces Positive Final Investment Decision on an Integrated Petrochemical Facility

February 4, 2019 - 4:42 pm Canada, Closing Bell Story‎, Downstream, Press Releases
Husky Pikes Peak South Thermal Source: Husky

Alberta Targets $1.5 Billion Upgrader to Get More From Oil

From Bloomberg

Alberta is working to encourage construction of a C$2 billion ($1.5 billion) partial-upgrading facility that would turn more of the province’s sludgy bitumen into higher-value products.

The facility, designed by Calgary-based Value Creation Inc., would be located …

January 23, 2019 - 12:09 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Source: Energybc.ca

Alberta Keeps Production Cuts Steady Despite Vanishing Differential

February cuts will be at same level as January
Alberta is holding course on its production cut plan even though the program has already achieved one of its primary goals, based on a release today.

The province’s production cut plan

If You Can’t Pipe It, Refine It: Alberta Seeks Oil Glut Solution

If You Can’t Pipe It, Refine It: Alberta Seeks Oil Glut Solution

From Bloomberg

What’s worse: Too much oil, or too much gasoline? The government of Alberta, weighing the potential of a new refinery for the province, may be on its way to finding out.

In 2018, surging crude production in the …

January 7, 2019 - 4:52 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News