U.S. government attorneys say the Trump administration plans to finish a new environmental review of the Keystone XL oil pipeline from Canada even if a federal appeals court throws out a lawsuit that blocked the project. Continue reading
A strong rebound in western Canadian oil markets helped deliver the highest realized bitumen prices in four years for oilsands producer MEG Energy Corp. in the first quarter, it said Tuesday. Continue reading
Junior oil and gas company Trident Exploration Corp. says it is ceasing operations and will turn over care of its 4,700 wells to the Alberta Energy Regulator. Continue reading
The Petroleum Services Association of Canada is again lowering its forecast for how many oil and gas wells will be drilled in Canada this year. Continue reading
Lower discounts on western Canadian oil prices have swollen producer coffers in the first three months of the year, but analysts say they don’t expect to see big increases in drilling budgets as companies report results over the coming weeks. Continue reading
The total number of companies producing oil and gas in Western Canada has fallen by 17.5 per cent in the four years since global oil prices began crashing. Continue reading
Direct employment in Canada’s oil and gas sector is expected to fall by more than 12,000 jobs this year, according to a new report from PetroLMI. Continue reading
Shares in Bellatrix Exploration Ltd. fell by as much as 35 per cent Friday after it proposed a deal that would leave its existing shareholders with just 16.5 per cent of the company. Continue reading
The TransCanada project, a 1900-kilometre pipeline connecting Alberta oil to the U.S., was rejected by U.S. president Barack Obama in 2015. Continue reading
According to gasbuddy.com senior analyst Dan McTeague, Hamilton could see prices skyrocket to $1.35 per litre by mid-April. Combine international pressure with the switch over to summer fuels and the federal carbon tax kicking in on Monday. Continue reading