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Regional News: Canada

 
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Small-Scale LNG Projects in British Columbia Nudge Ahead
Friday, January 30, 2015 Small-scale LNG projects are emerging as bright spots in British Columbia's bid to become a major exporter of natural gas, with two floating projects on the Canadian province's Pacific Coast moving ahead even as larger projects face delays.

Cenovus Energy Cuts 2015 Capital Spending as Oil Prices Plunge
Wednesday, January 28, 2015 Canada's Cenovus Energy cuts its capital spending budget for 2015 in response to the slump in oil prices.

Budget Watchdog: Canada May Face 2015/16 Budget Deficit On Low Oil
Tuesday, January 27, 2015 If the price of oil averages $48 a barrel this year, Canada will end up with a small deficit in 2015-16, even with the use of a contingency fund set aside for unexpected events, Canada's budget watchdog says.

WorleyParsonsCord Lands Construction Deal for Canadian Oil Sands Project
Monday, January 26, 2015 WorleyParsonsCord lands contract to provide fabrication, modularization and construction services for an oil sands mining project in Canada.

Canada's Oliver Says Economy In 'Pretty Good' Shape Despite Oil
Friday, January 16, 2015 Canadians should not be "unduly pessimistic" about the economic impact of the recent slide in oil prices, Finance Minister Joe Oliver says.

  



Canada Postpones Three Amigos Summit Amid Keystone XL Tension
Thursday, January 15, 2015 Canada postpones a summit with the leaders of the United States and Mexico amid persistent tensions over the construction of TransCanada's Keystone XL pipeline and other issues.

Alberta Likely To Face Recession Because Of Low Oil Prices
Tuesday, January 13, 2015 Alberta's oil-heavy economy will likely dip into recession as oil prices plunge, according to a report by a Canadian economic think-tank.

Canadian Natural Resources Cuts 2015 Capex Forecast By 28%
Monday, January 12, 2015 Canadian Natural Resources, the country's largest independent oil producer, cut its 2015 capital expenditure and production forecast as global oil prices continue to slump.

Shell To Cut 5 To 10% Of Jobs At Canada Oil Sands Project
Friday, January 09, 2015 Shell will cut from 5-10% of the about 3,000 jobs at its Albian Sands mining project in northern Alberta, a company spokesman says.

Canada PM: Resilient Oil Industry Will Survive Low Prices Shock
Thursday, January 08, 2015 Canadian Prime Minister Stephen Harper says the country's energy industry was resilient and could survive the stresses caused by plunging crude oil prices.

Canada's ARC Resources Latest To Cut Budget As Oil Prices Fall
Wednesday, January 07, 2015 ARC Resources says it will cut an already reduced 2015 capital spending budget by nearly 15%.

High Noon on the Gulf Coast: Canada, Saudi Oil Set for Showdown
Tuesday, January 06, 2015 A brewing battle between Canadian and Saudi Arabian heavy crudes for the Gulf Coast refinery market threatens to drive oil prices even lower.