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Suncor and Canadian Oil Sands CEOs Both Say They’ve Won
Friday, November 20, 2015 The CEOs of Suncor Energy and Canadian Oil Sands both say they’ve got votes on their side as the nation's top crude producer promotes a hostile takeover bid for its smaller rival.
Oil Slump Puts Canada in C$3B Hole as Trudeau Takes Reins
Friday, November 20, 2015 Canada's finances are taking a bigger hit than projected from the oil-price slump, putting the country on pace for red ink even before Prime Minister Justin Trudeau kicks off his plan for deficit spending.
OPEC Menaced by US Shale Hits Canada Harder in Price Fight
Wednesday, November 18, 2015 Canadian producers are struggling to cut the cost of extracting bitumen from the oil sands, and their other wells are failing to match the efficiency gains of US rivals.
Industry Body: Canada Oil Well Drilling To Contract Again In 2016
Wednesday, November 18, 2015 The number of oil wells drilled in Canada will shrink further in 2016, the Canadian Association of Drilling Contractors says.
Enbridge Cuts 5% Of Workforce In Canada And US
Tuesday, November 17, 2015 Canada's largest pipeline company Enbridge cuts 5 percent of its workforce, a company spokesman says, as low crude prices continued to drag on the North American oil and gas industry.
President Of Shell Canada To Step Down After 6 Years
Monday, November 16, 2015 The president of Shell Canada, a wholly owned subsidiary of Shell, is stepping down at the end of this year, the company said.
Canada To Move Ahead With Oil Tanker Ban On Northern B.C. Coast
Friday, November 13, 2015 Canadian Prime Minister Justin Trudeau has instructed Transport Minister Marc Garneau, to formalize a moratorium on crude oil tanker traffic along the northern coast of British Columbia.
Statoil Tops $969M of Bids Pledged for Canada Offshore
Friday, November 13, 2015 Statoil is the most active bidder for exploration licenses off Canada's Atlantic Coast as some of the world’s largest producers commit to spend about $969 million for the prospect of long-term growth.
Encana Posts Loss, Accelerates Activity In US Permian Basin
Thursday, November 12, 2015 Encana reports a third-quarter loss, but an increase in oil production.
Empty Floors, Shadow Vacancies New Norm for Calgary Tower Owners
Tuesday, November 10, 2015 Office-tower owners in Canada's energy hub are about to feel the full force of the oil-price crash.
TransCanada to Sell Stake in Natgas Pipeline for $223M
Friday, November 06, 2015 TransCanada Corporation says it will sell a 49.9-percent stake in a U.S. natural gas pipeline to its TC PipeLines partnership for $223 million.
Pipeline Operator Enbridge's Profit Rises as Shipments Increase
Thursday, November 05, 2015 Canada's largest pipeline company reports a 15.7-percent rise in quarterly adjusted profit, helped by increased throughput as producers move more oil by pipelines.
TransCanada Puts Brakes On Keystone XL
Monday, November 02, 2015 TransCanada says it wants to pause the presidential review while Nebraska considers new route.
Canada's Husky Energy Swings To Loss, Says Has Cut 1,400 Jobs
Friday, October 30, 2015 Husky swings to a quarterly loss due to a $2.9 billion after-tax impairment charge.
Husky CEO Sees Canada-Only Carbon Tax as ‘Politically Suicidal’
Friday, October 30, 2015 Husky Energy CEO Asim Ghosh warns Canadian political leaders considering changes to climate policy: don’t go it alone with a carbon tax.
Canada regulator confirms some TransCanada safety allegations
Friday, October 30, 2015 Canada's energy regulator says in a new report that six of 16 pipeline safety allegations against TransCanada Corp are "partially substantiated."
Keystone Remains Locked: Elections Most Likely to Decide its Future
Thursday, October 29, 2015 Years of politicking has held up construction of Keystone XL pipeline, but the political winds are shifting and the heavy crude is making its way to refineries by other means.