Oil
Lower price discounts to boost Q1 oil profits but sector still faces uncertainty
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
Environmental charities may benefit from Jason Kenney’s vow to fight them as Alberta’s premier
Alberta’s incoming premier plans to take on environmental charities that he says are blocking exports of the province’s oil, but those groups may be saying “bring it on.” Continue reading
Western Canada oil and gas producer count down by nearly 300 names since 2014
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
No government can bring back Alberta oilsands boom, experts say
Alberta oil output has increased over the last four years while jobs were cut, and energy experts say the province’s bitumen-fuelled booms may be a thing of the past. Continue reading
Cenovus asks investors to vote against emissions target motion at AGM
Cenovus is recommending investors at its annual general meeting vote against a shareholder motion requiring it to set greenhouse gas emission targets aligned with the goals of the Paris climate accord. Continue reading
Bellatrix shares plunge on proposal to trade debt for 83.5% of its equity value
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
Donald Trump issues new permit for Keystone pipeline
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
Notley government announces further easing of oil production restrictions in Alberta
The Alberta government has announced another easing of restrictions on oil production, saying the amount that can be produced will increase in May by 25,000 barrels per day and another 25,000 barrels per day in June. Continue reading
Alienated: Alberta project seeks to find common language on climate change
The project — supported by 75 organizations including government, foundations, universities, churches and industry — is attempting to find a way for different people to at least talk, if not agree. Continue reading
Mikisew Cree First Nation official says Frontier oilsands mine deal includes vote on future development
The industry relations director for the Mikisew Cree First Nation says the community’s support of the massive Frontier oilsands open pit mining project includes an ongoing voice in how future development unfolds. Continue reading