A financial analyst says prices being paid for Western Canadian oilsands bitumen have fallen so far that many producers are losing money on every barrel sold into the spot market. Continue reading
Discounts on Canadian crude oil widened to multi-year highs on Wednesday as oil and gas executives took turns at a conference pointing out Canada’s competitiveness gap in attracting energy investors. Continue reading
A meeting of OPEC and its allies ended without any decision to further increase oil output despite U.S. President Donald Trump’s call for lower prices. Continue reading
An RBC survey says airfares rose by more than 10 per cent in the first two months of the third quarter as Air Canada and WestJet passed along higher crude oil prices. Continue reading
The head of Suncor Energy Inc. says Canada’s largest oil and gas producer won’t move ahead with additional crude production expansions until there’s physical progress on getting pipelines approved. Continue reading
Rising oil prices that encouraged more spending by small and intermediate oil and gas companies in Western Canada in the first six months of 2018 are expected to lead drilling budgets to grow even further this fall. Continue reading
The delay and possible cancellation of the TransMountain pipeline will hurt the economy of the Edmonton region, says economist John Rose. He said the effects would likely be moderate in the short-term but much more pronounced in the long-term. Continue reading
Hours after a stunning Federal Court of Appeal decision in which Ottawa’s approval of the contentious Trans Mountain pipeline expansion was overturned, Premier Rachel Notley addressed Albertans about the latest hurdle to come before the project and dropped a political bombshell of her own. Continue reading
Shares in Calgary-based Trinidad Drilling Ltd. leaped by almost 15 per cent on Monday after cross-town rival Ensign Energy Services Inc. announced it would make a hostile $470-million cash takeover bid. Continue reading
A new planned route for the Keystone XL pipeline through Nebraska would not have a major impact on the state’s water, land or wildlife, according to an updated environmental study produced by U.S. President Donald Trump’s administration. Continue reading
