Husky Energy chops $1.7B from 5 year plan, focuses on investor returns
Average annual capital spending will fall to $3.15 billion under a new five-year plan unveiled Tuesday by Husky Energy. Continue reading
oil production
Canadian oilfield services companies bringing in more revenue from U.S. operations
Large Canadian oilfield services companies with operations in the U.S. are now earning more of their revenue south of the border than they are in Canada, according to a study by AltaCorp Capital. Continue reading
Rosy predictions for the economies of Atlantic Canadian provinces: report
The Conference Board of Canada attributes the rosy outlook to service-sector stability and rising exports in New Brunswick and Nova Scotia, and rising oil production in Newfoundland and Labrador. Continue reading
Canadian railways ration space as congestion problems worsen
Canada’s two major railways are prioritizing some commodities over others — which has launched investigation into “discriminatory treatment of certain commodities.” Continue reading
BP Canada scales back gas and oil exploration plans off Nova Scotia
The Canada-Nova Scotia Offshore Petroleum Board says the energy giant is surrendering 50 per cent of the area included in its licence – a consolidation of four offshore parcels roughly 300 kilometres southeast of Halifax. Continue reading
Pipeline politics to affect economy, two elections in 2019: economists
Frustration over Canada’s lagging oil sector may be felt at the ballot box, with both provincial and federal elections coming in 2019. Continue reading
Edmonton economy will feel hit of oil production cuts, chief economist says
By Julia Wong Digital Broadcast Journalist
John Rose spoke at the Economics Society of Northern Alberta conference on Thursday morning and provided a snapshot of the local economy. Continue reading
Saskatchewan not following Alberta’s lead in cutting oil production
Saskatchewan Premier Scott Moe said in a statement that the province isn’t considering following Alberta’s example in cutting oil production. Continue reading
‘Thank you President T’: Trump congratulates himself for falling oil prices
U.S. President Donald Trump has expressed thanks to himself, not for the first time during the Thanksgiving weekend. Continue reading
Kenney calls for oil production cut as report paints bleak fiscal future for Alberta
While the province looks at ways to temporarily address the oil price differential, an Alberta economist has some long-term fiscal recommendations. But the premier says big cuts or a sales tax aren’t on the table. Continue reading