Regional News: Canada

 
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Canada's Fading Oil Promise Leaves US Majors Struggling
Thursday, February 23, 2017 Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers.

Enbridge CEO Says Canada Only Needs Two More Export Pipelines
Friday, February 17, 2017 Two new crude oil export pipelines will provide enough capacity to ship Canadian production to market until at least the mid 2020s, Enbridge CEO Al Monaco says.

Fluor to Support FEED for Woodfibre Project Near Vancouver
Friday, February 17, 2017 Fluor signs a subcontract with JGC America to provide construction-related support to the FEED services for the Woodfibre LNG project.

Encana Boosts Capital Spending By 50% Amid Oil Recovery
Thursday, February 16, 2017 Encana reports a better-than-expected quarterly operating profit, helped by a cash tax recovery.

Cenovus May Restart Another Two Deferred Oil Sands Projects
Thursday, February 16, 2017 Cenovus Energy says it is doing engineering and design work at two of its deferred oil sands projects in northern Alberta.

  


Cenovus Energy Swings To Profit As Production Rises
Thursday, February 16, 2017 Canadian oil company Cenovus Energy Inc swings to a quarterly profit, as production rises and costs fall.

Arctic Oil Town Fears Future as Imperial's 1920s Wells Shut
Thursday, February 09, 2017 Now, with oil at half that price and one of Canada's oldest wells set to close, the future is less certain for the 750 residents in the Northwest Territories town.

Energy Export Surge Carries Canada to Repeat Trade Surplus
Tuesday, February 07, 2017 Canada posted a positive trade balance for the second month in December - the first back-to-back surpluses in more than two years - as the country benefits from rising oil prices.

Statoil Completes Sale of Entire Oil Sands Operations in Alberta, Canada
Wednesday, February 01, 2017 Statoil completes the sale of its entire oil sands operations in the Canadian province of Alberta to Athabasca Oil Corporation.

Imperial Oil Profit Boosted By Asset-Sale Gain
Tuesday, January 31, 2017 Imperial Oil reported a sharp rise in fourth-quarter profit.

Industry Group Boosts Canadian Oil Well Drilling Forecast
Monday, January 30, 2017 The Petroleum Services Association of Canada upped its 2017 oil and gas well drilling forecast by 23%.