Regional News: Canada

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InterOil Founder Calls for Insider-Trading Probe of Directors
Tuesday, July 26, 2016 InterOil founder and former CEO Phil Mulacek callS on US and Canadian regulators to investigate his claims that several directors may have engaged in insider trading during talks with Exxon Mobil.

Canadian Oil Spill Started Day Before Crews Arrived
Tuesday, July 26, 2016 An oil spill into a major Canadian river from a Husky Energy pipeline started last Wednesday evening and crews did not arrive on site until the following morning, the company says.

Canadian Oil Spill from Husky Pipeline Reaches Saskatchewan City
Monday, July 25, 2016 An oil spill by Husky Energy into a major Canadian river reaches the city of Prince Albert, Saskatchewan on Monday, hours earlier than expected.

Husky Oil Spill Hits Water Supply of Second Canadian City
Monday, July 25, 2016 An oil leak from a Husky Energy Inc pipeline into a major Canadian river has forced a second city in the province of Saskatchewan to stop drawing drinking water, officials said on Monday, widening the impact and cost of the spill.

Officials: At Least 40% of Canada Oil Spill Recovered
Monday, July 25, 2016 Authorities say they have recovered at least 40 percent of the 1,572 barrels of oil that leaked into a major western Canadian river, but the spill is still moving downstream.


Husky Energy Posts Loss as Production Falls
Friday, July 22, 2016 Canada's Husky Energy reports a second-quarter loss as production falls due to planned maintenance and the Fort McMurray wildfire in Alberta.

Husky Energy Works to Clean Up Oil Spilled into Canadian River
Friday, July 22, 2016 Husky Energy crews work to clean-up an oil spill into a major western Canadian river, a government official says, with efforts focused on ensuring it does not contaminate the drinking water of communities downstream.

Canadian Energy Earnings Hint at Brighter Outlook for Oil
Thursday, July 21, 2016 The Canadian oil and gas earnings season kicks off with signs of an industry recovery as Encana Corp and Precision Drilling Corp outlined plans to boost activity.

Canada's Encana Posts Smaller Loss, Raises 2016 Capital Spend Plan
Thursday, July 21, 2016 Canadian oil and gas producer Encana Corporation reports a smaller quarterly loss thanks to its ongoing cost-cutting drive.

Precision Drilling Posts Bigger Loss, Hurt by Weak Activity
Thursday, July 21, 2016 Canadian rig contractor Precision Drilling Corporation posts a larger quarterly loss amid the lowest drilling activity in decades.

Canada's Oil Heartland Is In the Midst of its Worst Recession on Record
Monday, July 18, 2016 Alberta, the home of Canada's oil sands, is going through its worst downturn in activity on record as a prolonged period of low oil prices and the wildfires earlier this year buffet the provincial economy.

CNOOC Cutbacks at Long Lake Oil Sands Site Caps Years of Trouble
Thursday, July 14, 2016 CNOOC's decision this week to idle part of its Long Lake oil sands operation in Alberta comes after five years of problems cemented the site's reputation as one of the most troubled projects in the region.

Nexen to Cut 350 Jobs in Canada After Oil-Sands Explosion
Tuesday, July 12, 2016 Cnooc's Nexen Energy unit will eliminate 350 jobs this year after deciding not to repair its Long Lake oil-sands upgrader in northern Alberta following an explosion in January.

Shell-Led Group Delays Decision On Canada Gas Export Plan
Tuesday, July 12, 2016 Shell and its partners delay for the second time this year a final investment decision on a terminal to export liquefied natural gas from Canada's Pacific Coast to Asian markets.

Alberta Unveils Two New Energy Royalty Programs to Encourage Output
Monday, July 11, 2016 The Canadian province of Alberta introduces two new oil and gas royalty programs, the latest step in an overhaul of the fees producers pay to the government to exploit hydrocarbon reserves.

Alberta Wildfires Canada's Costliest Disaster at $2.76B
Thursday, July 07, 2016 Insured losses from the May wildfires in Alberta are expected to total $2.76 billion, making it the costliest-ever Canadian natural disaster, an industry group for the country's insurers says.

Seven Generations to Buy Some Deep Basin Assets from Paramount
Wednesday, July 06, 2016 Seven Generations Energy says it will buy some of Paramount Resources' Deep Basin oil and gas properties in west Central Alberta for about $1.47 billion.

Canadian PM Reiterates Opposition To Enbridge Pipeline Route
Wednesday, July 06, 2016 Canadian Prime Minister Justin Trudeau reiterates his opposition to the route of Enbridge Inc's Northern Gateway oil pipeline.

Alberta Budget Finishes 2015-16 with Wider-than-forecast $4.9B Gap
Wednesday, June 29, 2016 The Canadian crude-producing province of Alberta says it finished the 2015-16 fiscal year with a $4.93 billion (C$6.4 billion) deficit, C$324 million wider than forecast in October, as revenue fell.