Alberta
Article
February 2022
As the global economy recovers from the pandemic, indicators have shifted to a positive outlook for the first time in many years. But politics, especially in Canada, have cast a pall over any potential turnaround for the Canadian industry.
News
January 14, 2022
Canada is preparing to roll out a tax credit for investments in carbon capture, a key step to reduce greenhouse-gas emissions from its oil sands, and will soon outline its 2030 goals for pollution cuts.
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January 13, 2022
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.
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January 07, 2022
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.
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December 09, 2021
Canada鈥檚 oil production could continue to rise for the next decade and then begin declining as countries strive to reduce carbon emissions, the Canada Energy Regulator said Thursday.
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December 07, 2021
Enbridge Inc. is evaluating two tolling options for its vast Mainline oil pipeline network after a proposal to offer long-term contracts to keep the conduits full was rejected by Canada鈥檚 energy regulator.
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October 28, 2021
Canadian heavy crude鈥檚 price collapsed at the U.S. trading hub of Cushing as refiners shun heavy and higher-sulfur crude for lighter grades that are less expensive to process in refineries.
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October 07, 2021
Canadian oil shipments to the U.S. jumped to the highest volume since the start of the year thanks in part to the startup of a long-delayed Canadian pipeline.
Article
September 2021
Although there are some hopeful signs that a recovery may be on the way for Canada鈥檚 oil patch, the ongoing global pandemic, misguided politicians, and skittish markets have left producers wary and risk-averse.
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July 15, 2021
Brookfield Infrastructure Partners LP raised its hostile offer for Canada鈥檚 Inter Pipeline Ltd. in another push to break up the agreed C$8.3 billion ($6.6 billion) takeover by Pembina Pipeline Corp.
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July 02, 2021
TC Energy will be seeking to recover more than US$15 billion in damages that it has suffered as a result of the U.S. Government鈥檚 breach of its North American Free Trade Agreement (NAFTA) obligations, the company said in a statement.
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June 11, 2021
Environmentalists emboldened by this week鈥檚 defeat of Keystone XL are pressuring President Joe Biden to revoke permits for other oil and gas pipelines, warning their votes depend on the administration blocking fossil fuel infrastructure.
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June 09, 2021
TC Energy Corporation confirmed that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the $9 billion Keystone XL Pipeline Project.
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June 09, 2021
Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy formally announced the Oil Sands Pathways to Net Zero initiative. 鈥淭he initiative is an industry driven, made-in-Alberta solution which will strengthen our position as global ESG leaders,鈥 said Sonya Savage, Alberta鈥檚 Minister of Energy.
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February 18, 2021
Calgary-based Crescent Point, an oil driller with a focus on Saskatchewan, will acquire Shell鈥檚 Kaybob Duvernay assets for $550 million in cash and 50 million Crescent Point common shares.
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January 21, 2021
Jason Kenney said Justin Trudeau should demand the new U.S. administration sit down and discuss the project in the context of environmental, climate and security policy. If that fails, Canada should be willing to impose 鈥渕eaningful鈥 punitive measures against its biggest trading partner.
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January 15, 2021
Efforts by Canada鈥檚 government to hire a firm to do a financial analysis of its Trans Mountain pipeline and a facilitator to help indigenous communities have rankled at least one group in British Columbia.
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January 04, 2021
In a statement posted on Twitter, Jason Kenney announced that one cabinet minister, Tracy Allard, along with his chief staff will be stepping down from their posts after revelations the two traveled abroad in recent weeks.
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December 09, 2020
The province鈥檚 economy is expected to contract 8.1% this year, the most on record, because of virus restrictions and the downturn in oil prices. Home of the world鈥檚 third-largest crude reserves, outbreaks have happened at at least seven oil-sands sites in the north of the province.
News
December 01, 2020
Minnesota approved the stormwater pollution plan for Enbridge鈥檚 Line 3 pipeline replacement and expansion, the project鈥檚 last pending permit, the company said. Construction is expected to take six to nine months on a line that will add 370,000 barrels a day of capacity.