Regional News: Canada

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Petronas Renews Pledge to Export Canadian Gas as Analysts Doubt
Friday, October 09, 2015 Petronas says it will proceed with its $28 billion Canadian natural gas export project in the face of a market slump thatís shaking profitability expectations for the global industry.

Encana To Sell Denver Julesburg Basin Assets For $900M
Thursday, October 08, 2015 Encana says it will sell its Denver Julesburg basin assets in Colorado, the latest divestitures as it focuses on its high-value gas liquids and oil properties.

Suncor Makes Unsolicited $3.3 Billion Bid for Canadian Oil
Monday, October 05, 2015 Suncor Energy makes an unsolicited offer to buy Canadian Oil Sands Ltd. for about C$4.3 billion ($3.3 billion), taking advantage of plunging crude prices to seek to add production in Alberta.

Oil Patch Braces for Exploration Chill After Canada's Election
Monday, October 05, 2015 As Canada's oil patch grapples with a price shock, pipeline delays and rising tax rates, the federal election could add another barrier to recovery by reining in a key incentive for development of new wells.

Penn West to Sell Weyburn Stake
Thursday, October 01, 2015 Penn West intends to sell its non-operated 9.5% working interest in the Weyburn field, located in southeast Saskatchewan, Canada, for $205 million.


BG Acquires Repsol's Newfoundland Interests
Monday, September 28, 2015 BG Group acquires 3 non-operated positions offshore Newfoundland, Canada, from Repsol.

TransCanada Says Cutting 20% Of Senior Management Positions
Thursday, September 24, 2015 TransCanada Corp is cutting 20% of its senior management positions as a result of the continuing slump in oil prices, a company spokesman says.

Imperial's New Projects Add 120,000 Bpd Of Crude So Far This Year
Wednesday, September 23, 2015 Imperial Oil adds 120,000 barrels per day of heavy crude supply from two new projects this year even as prices languish near 6-1/2 year lows.

Husky Scraps Seadrill Drilling Contract
Tuesday, September 22, 2015 Husky Oil Operations cancels a drilling contract with Seadrill for the West Mira (UDW semisub).

Total Sells Stake In Alberta Oil Sands Project To Canada's Suncor
Monday, September 21, 2015 Total sells 10% of its planned 180,000 barrels-per-day capacity Fort Hills project for around $230 million.

CNRL Cuts Calgary, Aberdeen Staff Salaries; Cites Low Oil Prices
Thursday, September 10, 2015 Canadian Natural Resources Ltd, the country's largest independent oil producer, is cutting salaries by up to 10 percent for all its staff in Calgary, Alberta, and Aberdeen, Scotland, the company says.