Regional News: Canada

 
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PETRONAS Canada LNG Project Chief Sees Investment Decision In Months
Friday, April 29, 2016 PETRONAS and its partners hope to make a final decision within months on whether to build what could be Canada's first liquefied natural gas export project, though further delays to the environmental review could push that timeline back.

Oil Sands Cash Burn Deepens as Cheap Canadian Crude Saps Profits
Thursday, April 28, 2016 In a week when oil prices are rallying, financial results from one of the world’s costliest places to extract crude are a reminder of how bad things have been for energy producers.

Cenovus Energy Cuts 2016 Budget, Loss Narrows On Forex Gain
Wednesday, April 27, 2016 Cenovus Energy Inc reports a smaller quarterly loss, helped by foreign exchange gains, and says it will cut its 2016 capital budget to help cope with a prolonged slump in oil prices.

Husky May Take Legal Action In Gas Dispute With China Firm
Tuesday, April 26, 2016 Husky says it was confident a dispute with CNOOC over delivery payments for South China Sea gas will be resolved but warned it would take legal action against the state-owned energy company if necessary.

Canada's Precision Drilling Posts Quarterly Loss
Monday, April 25, 2016 Canadian rig contractor Precision Drilling Corp posts a first-quarter loss, compared with a profit a year earlier, hurt by lower demand for rigs amid a prolonged slump in oil prices.

Alberta Unveils Further Energy Royalty Details, Industry Pleased
Thursday, April 21, 2016 The Canadian crude-producing province of Alberta releases further details of its revamped oil and gas royalty regime.

Pacific Exploration, Catalyst Capital Negotiate Restructuring
Thursday, April 14, 2016 Board of oil and gas producer Pacific Exploration & Production agrees to negotiate a financial restructuring involving private-equity fund Catalyst Capital Group.

Report: Canada Oil, Gas Investment To Drop 62% Since 2014
Thursday, April 07, 2016 Capital spending in Canada's oil and gas sector this year is expected to drop 62% from 2014, according to the Canadian Association of Petroleum Producers.

Canada's Ever-Shrinking Oil Industry Braces for More Job Cuts
Monday, April 04, 2016 After almost two years of sinking oil prices and at least 40,000 job cuts, Canada's petroleum industry still isn't finished tackling its bloated operations.