Regional News: Canada

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Penn West CEO Criticizes Alberta's Stricter Energy Assets Sale Rules
Thursday, June 23, 2016 Tough new rules from Alberta's energy regulator that determine which companies are deemed strong enough to buy assets are off the mark in terms of fairness and transparency, Penn West Petroleum Ltd's chief executive says.

Canada Oil Output to Jump 28% by 2030, Transport An Issue
Thursday, June 23, 2016 Oil output from Canada's vast reserves is set to outpace infrastructure to bring that crude to market in coming years, the Canadian Association of Petroleum Producers (CAPP) says.

Canada Oil Output to Fall This Year on Wildfires, Low Prices
Thursday, June 23, 2016 Canadian oil output is forecast to decline this year for the first time since 2009 after a wildfire in northern Alberta curtailed more than one million barrels a day for a month and low commodity prices hit producers.

From Engineer To Sommelier: Calgary's Laid-off Oil Workers Try Plan B
Wednesday, June 22, 2016 Alejandro Rodriguez wants to be a sommelier. His previous experience: 20 years as an oil reservoir engineer.

Canadian Oil Asset Deals Seen Hurt by Surprise Alberta Ruling
Wednesday, June 22, 2016 A sudden regulatory shift threatens to curb Canadian energy asset deals, just as producers and creditors look to unload properties two years into a crude market downturn.


Encana Sells Gordondale Oil And Gas Assets To Birchcliff For C$625M
Tuesday, June 21, 2016 Encana Corp reaches an agreement to sell its Gordondale oil and gas assets in northwestern Alberta to Birchcliff Energy Ltd for C$625 million ($487.98 million).

Warburg Among Private Equity Sideswiped by Canada Gas
Tuesday, June 21, 2016 The first natural gas producers to go broke are being put up for sale in Canada during the worst start for prices in two decades.

Vancouver Takes Legal Action to Block Kinder Morgan Pipeline Plan
Monday, June 20, 2016 The city of Vancouver said it has taken legal action against the Canadian energy regulator's approval of Kinder Morgan's Trans Mountain pipeline expansion.

Tighter Rules for Canada Energy Projects Could Be Seen in 2017
Monday, June 20, 2016 Tighter environmental rules for Canadian natural resource projects could start coming into force in 2017, ahead of schedule, an official said, giving industry an idea of when to expect the new measures.

Energy East Faces Countrywide Consultation as Review Begins
Thursday, June 16, 2016 Canadian regulators started their review of TransCanada Corp.ís proposed Energy East oil pipeline, extending public consultation to all who wish to participate and adding consideration of pollution from oil production.

ConocoPhillips Says 73 percent of Wells at Surmont Project Online
Wednesday, June 15, 2016 ConocoPhillips reports that 73 percent of wells at its Surmont oil sands project in northern Alberta are back in production or injecting steam, with no unexpected complications or issues affecting the effort.

IMF: Canada Needs Fiscal Support to Counteract Low Oil Prices
Monday, June 13, 2016 The International Monetary Fund says Canada is coping well with lower oil prices and weaker growth, but needs to pursue a fiscal and monetary policy mix that supports near-term output.

Statoil Completes Canada Exploration Program, Finds Oil
Friday, June 10, 2016 Statoil, along with its partners, discovers oil offshore Canada as it finalizes a 19-month exploration drilling program.

Cenovus Evacuates Pelican Lake Oil Sands Project Due to Wildfire
Wednesday, June 08, 2016 Oil sands producers Canadian Natural Resources Limited and Cenovus Energy have evacuated workers at projects in the Pelican Lake area in northern Alberta, as wildfires again threaten western Canadian output just as it begins to recover.

Canadian Banks Not Over the Worst Impact from Oil Crunch
Friday, June 03, 2016 Canada's banks are not over the worst of the impact from the oil crunch and face further hefty losses as energy firms struggle to pay back loans and consumers in oil-producing regions suffer, analysts and investors say.

Canada's Husky Energy Says Oil Price Rally To Generate Free Cash
Wednesday, June 01, 2016 Husky Energy expects to generate free cash flow and may reinstate a cash dividend as crude oil prices have rallied in recent weeks.