Regional News: Canada

 
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Report: Most Canada Oil Sands Crude Being Produced at a Loss
Friday, August 21, 2015 More than three-quarters of Canada's daily output of 2.2 million barrels of crude from oil sands is being produced at a loss at current prices, research from analysts at TD Securities shows, although producers are unlikely to halt operations.

JOGMEC, Inpex Commence Study on Technology for Shale Gas Project in Canada
Thursday, August 20, 2015 Japan's JOGMEC and Inpex commence joint study on technology on shale gas development in British Columbia, Canada with IGBC and Nexen.

As Canada's Oil Debt Soars to Record, an Industry Shakeout Looms
Wednesday, August 19, 2015 Canadian energy companies' debt loads are the heaviest in at least a decade, boosting concern that some won't survive the collapse in crude prices.

Ontario Board Sees More Risk Than Gain in Energy East Pipe
Thursday, August 13, 2015 TransCanada's proposed Energy East pipeline will create more risk than gain for Ontario, according to a regulator asked by the provincial government to study the impact of the $9.2B.

Canadian Heavy Crude Slumps To Lowest In At Least A Decade
Wednesday, August 12, 2015 Heavy Canadian crude slumps to its lowest level in at least a decade after Enbridge closed two of its main pipelines in the United States because of a leak.

Athabasca Cuts Output As Alliance Gas Pipeline Shutdown Continues
Monday, August 10, 2015 Athabasca suspended the production of 4,200 boepd of light oil, becoming the latest western Canadian producer to curb output due to the Alliance Pipeline natural gas mainline shutdown.

Surge Energy Revenue Drops, Production Increases
Thursday, August 06, 2015 Surge Energy's revenue drops 37% in the second quarter of 2015, compared to the same period last year, despite a production increase of 8% compared to 2Q 2014.

TransCanada Stands By Keystone XL; Profit Beats
Friday, July 31, 2015 TransCanada is still committed to building the Keystone XL pipeline despite stubborn opposition in the US that has thrown the project into regulatory limbo.

Canadian Oil Sands Producer Athabasca Oil Cuts Capex
Friday, July 31, 2015 Canada's Athabasca Oil, which processes oil sands to produce crude, says it would cut its capital expenditure by nearly 5 percent as oil prices stay low.