Alberta Archives - Page 3 of 10

Canadian Oil Companies See Output Cuts Easing as Rail Capacity Grows

July 10, 2019

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, Imperial Oil Ltd and Cenovus Energy said at a TD Securities investor conference in Calgary on Tuesday that they are

Largest Energy IPO of 2019 - Oil & Gas 360

Plains Midstream Canada Makes Expansion

July 9, 2019

Plains Midstream Canada Announces Rangeland Pipeline Expansion

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Razor Energy Partners with Canadian Government, Alberta Innovates

June 27, 2019

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 Resources Canada, as well as Alberta Innovates, to develop a geothermal electricity project. The technology behind the project works by

Trudeau Cabinet Greenlights Trans Mountain Pipeline Expansion

June 18, 2019

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 the expansion of Trans Mountain, a state-owned pipeline that runs from Alberta to Vancouver. The line will add 590,000 barrels

Devon Energy Sells Canada for $2.8 Billion

May 30, 2019

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) Canadian assets for a cash purchase price of approximately US$2.8 billion (CAD $3.8 billion). The deal is expected to close

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

May 24, 2019

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 to proceed with purchase, or not, by June 18 From BNN Bloomberg British Columbia’s top appeals court ruled that the

Keyera Will Build Montney, Duvernay Condensate NGLs Pipeline

May 14, 2019

Keyera Approves KAPS – A Montney Condensate & NGL Pipeline System

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

May 3, 2019

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 in the province. Trident terminated 33 employees and 61 contractors on Tuesday, the company said in a news release. The privately held

Alberta Enacts Law That Could Cut Energy Flows to British Columbia

May 1, 2019

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 Premier Jason Kenney and his United Conservative Party Cabinet, which took office on Tuesday, proclaimed the “Preserving Canada’s Economic Prosperity

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

April 30, 2019

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 Ltd.’s chief executive officer, said in an earnings call Friday, citing Genscape data. That figure is little changed from when Alberta’s outgoing government

Kenney Win Puts Maligned Trudeau Pipeline Law Under New Pressure

April 18, 2019

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 Justin Trudeau. In his victory speech, Kenney also criticized Trudeau for “imposing new laws that will make it impossible to

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

April 17, 2019

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, whose United Conservative Party won a majority of legislative seats in the province’s election on Tuesday, argued on the campaign

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