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Blackstone Gives Pricey Canadian Energy and Property Thumbs Down
Wednesday, May 25, 2016 Canada's energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the US and elsewhere, according to the president of Blackstone Group, the world's largest alternative-asset manager.
Firefighters Protect Canada's Oil Sands Battling Intense Flames
Tuesday, May 24, 2016 Those sent into Canada's oil sands are not only wrestling with one of the worst wildfires in the country's history. They are doing it surrounded by the volatile, explosive chemicals critical to pumping oil from some of the world's largest reserves.
TGS to Acquire 770 Square Miles of 3D Seismic Offshore Canada
Tuesday, May 24, 2016 TGS plans to acquire approximately 770 square miles of 3D seismic data, in partnership with PGS, offshore Eastern Canada.
Canada's Oil Sands Producers Prepare to Re-Enter Evacuated Sites
Monday, May 23, 2016 All of the Canadian oil sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno.
Analysts: Oil Sands Cos Losing up to $50M a Day as Fires Rage
Friday, May 20, 2016 Out-of-control wildfires that have consumed over a million acres of land in Alberta are costing oil companies as much as $50 million a day in lost production, according to analysts.
Lawyers: Alberta Court Ruling May Trigger Rise in Orphaned Wells
Friday, May 20, 2016 Lawyers in Canada's energy capital Calgary warned that a judge's decision to grant lenders priority over environmental clean-up costs in oil and gas bankruptcies could lead to a surge in orphaned wells in Alberta.
Canadian Oil Exports Drop, Supply Hunt on Amid Wildfires
Wednesday, May 18, 2016 In a sign the massive Alberta wildfire is taking a toll on oil transport, Canadian crude exports to the United States dropped 12 percent last week.
Canada Oil Sands Producers Disrupted Anew as Wildfire Shifts North
Tuesday, May 17, 2016 Canadian energy producers were hit with fresh disruptions on Tuesday after a massive wildfire burning around the oil sands hub of Fort McMurray, Alberta, shifted north, forcing the evacuation of about 4,000 people from work camps.
Suncor Shuts Oil Sands Mine Again as Alberta Fires Spread
Tuesday, May 17, 2016 Wildfires raging across Alberta shifted back toward oil-sands installations north of Fort McMurray, forcing the evacuation of thousands of workers and prompting Suncor Energy to shut its main mine just as work was resuming.
Oil Sands Junior Producer Connacher Files for Creditor Protection
Monday, May 16, 2016 Junior oil sands producer Connacher Oil and Gas filed for protection from creditors at an Alberta court on Monday, making it the latest Canadian victim of the two-year slump in global crude prices.
New North Sea Beckons Oil Producers Off Canada’s East Coast
Friday, May 13, 2016 A change to an obscure shipping law is helping draw major oil companies to an area off Canada’s east coast that may rival the North Sea for its production potential.
Japex To Keep Canada Oil Sands Ops Idle After Fire Due To Low Prices
Thursday, May 12, 2016 Japex will not restart production at its Hangingstone oil sands concession in Alberta, Canada, for the foreseeable future due to low prices, even after fires in the area were brought under control.
Sources: Nexen Issues Force Majeure for May Canadian Crude
Thursday, May 12, 2016 CNOOC's Nexen is said to have issued a force majeure for 100 percent of its May production for Long Lake Heavy crude, two sources familiar with the matter said on Thursday.
Canada Getting Handle on Alberta Wildfire, No Restart Yet for Oil Operation
Sunday, May 08, 2016 Canadian officials say they are beginning to get on top of the country's most destructive wildfire in recent memory, as winds take flames away from oil sands town Fort McMurray.
Syncrude Says Alberta Oil Sands Mine Shut Down Because of Wildfire
Friday, May 06, 2016 The Syncrude oil sands project has completely shut down extraction at its Aurora bitumen mine and is operating other facilities at minimum levels, the result of the Fort McMurray wildfire, Chief Executive Mark Ward said on Friday.
BP Declares Force Majeure on Canadian Crude Amid Wildfire
Friday, May 06, 2016 BP will not be able to deliver on some contracts for Canadian crude, two trading sources familiar with the matter say, the latest sign that output cuts due to the wildfires are curbing supplies from the vast oil sands region.
Unrelenting Fire Forces More Evacuations in Canadian Oil Sands Region
Thursday, May 05, 2016 A massive wildfire near Fort McMurray in Alberta, Canada, that has grown to five times its initial size has spread south, forces more evacuations on Thursday after 88,000 people fled the city in the nation's energy heartland.