Canada Oil And Gas Industry

• Oil and gas industry forecasts small spending rise after slashed budgets in 2020

  The association says the 14 per cent increase in its members' spending intentions to about $27.3 billion this year compares with total investment of about $24 billion in 2020.

  Canada

  Jan 13, 2021
  
• Teck Resources exits energy industry group CAPP, citing cost cutting

  Teck Resources is leaving the Canadian Association of Petroleum Producers, an industry organization whose members represent about 80 per cent of Canada's oil and gas production.

  Economy

  May 1, 2020
  
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• Alberta government to ease oil production cut again, cites lower storage levels

  The first increase was on Jan. 30 when Notley announced the province would allow increased production by 75,000 barrels per day.

  Canada

  Feb 28, 2019
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• Premier Rachel Notley addressing Senate committee Thursday on Bill C-69

  Notley has said she is concerned the changes would impinge on a provincial right to manage resources.

  Politics

  Feb 26, 2019
• Calgary mayor gets flak online for ‘cavemen’ comment while defending Alberta oil and gas sector

  The man behind the account, Brian Baron, said he posted the tweet as a way to create a discussion and was trying to be more humorous than anything else. He said he didn't find Nenshi's comment particularly offensive.

  Politics

  Feb 1, 2019
• Cenovus reports $241 million third quarter loss, lowers capex guidance

  Cenovus Energy Inc. says it is cutting oilsands production, putting more barrels in storage, ramping up rail shipments and may delay producing from a nearly completed expansion project to avoid current steep price discounts.

  Canada

  Oct 31, 2018
• Little hope seen for Canadian oilpatch activity growth as steep price discounts continue

  The Canadian oil and gas sector is in a holding pattern in which spending and production growth can't occur until new ways to get products to export markets are found, according to CIBC analyst Jon Morrison.

  Money

  Oct 16, 2018
• Justin Trudeau determined to build Trans Mountain pipeline, tackle climate change despite court ruling

  Thursday's court ruling prompted Alberta Premier Rachel Notley to announce that her province is withdrawing from the national climate change plan and will stay out until the federal government gets its act together, as she put it.

  Canada

  Aug 31, 2018
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• Trans Mountain pipeline court decision ‘a real sad day for Alberta,’ says energy expert

  "This kind of delay in terms of getting a pipeline built means we are selling oil at prices that are very discounted from what we should be getting."

  Canada

  Aug 30, 2018
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• Court decision could determine Trans Mountain pipeline’s fate: experts

  First Nations, including the Tsleil-Waututh and Squamish on British Columbia's south coast, argued the federal government did not adequately consult them before the energy board review or the cabinet decision to approve the project.

  Canada

  Aug 29, 2018