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Regional News: Canada

 
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Canadian Oil Producers Slash 2015 Capital Budgets
Wednesday, December 17, 2014 Canadian oil producers Husky Energy and Penn West Petroleum slash their 2015 capital budgets due to a slide in crude oil prices.

Chevron Cancels Canadian Arctic Drilling As Oil Prices Slide
Wednesday, December 17, 2014 Chevron says a plan to drill for oil in the Beaufort Sea in Canada's Arctic is on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall.

Canada's Encana To Raise 2015 Spending, Bucks Industry Trend
Tuesday, December 16, 2014 Encana says it would boost capital spending in 2015 to focus on its more-profitable shale oil fields, bucking an industry-wide move to cut spending as oil prices tumble.

Repsol Agrees $8.3B Takeover Offer for Talisman
Tuesday, December 16, 2014 Repsol will pay $8.3 billion to buy Canada's Talisman Energy in a deal that the Spanish firm says will transform it into one of the largest energy groups in the world.

Skilled Oil, Gas Workers Needed by Petronas if BC LNG Terminal Approved
Tuesday, December 16, 2014 Several hundred workers will likely be needed to help construct an LNG terminal for Petronas if the project is approved by Pacific Northwest LNG.

  



Q&A with Canada's MacPhail Energy School Training Consultant Abid Rashid
Monday, December 15, 2014 Rigzone interviews Abid Rashid, a training consultant at SAIT Polytechnic's MacPhail School of Energy in Canada, on manpower and training issues facing the petroleum industry.

Repsol To Discuss Bid For 100% Of Talisman
Monday, December 15, 2014 Repsol says it would discuss a takeover offer for 100% of Talisman Energy, which is also being circled by other potential bidders.

Canada's Cenovus Energy to Spend 15% Less in 2015
Thursday, December 11, 2014 Cenovus Energy plans to reduce capital spending by 15 percent in 2015.

Precision Drilling Expects Lower Capital Spending in 2015
Monday, December 08, 2014 Canada's Precision Drilling Corporation expects 2015 capital spending to be 44-percent lower than this year's budget.

Petronas Delays Go-Ahead for Canadian LNG Project, Cites Costs
Thursday, December 04, 2014 Petronas delays giving the final go-ahead for its planned investment in a $11 billion liquefied natural gas export terminal in British Columbia, citing high costs and other outstanding issue.

British Columbia Approves Petronas LNG Project, Two Gas Pipelines
Wednesday, November 26, 2014 British Columbia has approved a liquefied natural gas export terminal being developed by Petronas, along with two pipelines to service the province's fledging LNG industry, the province's Ministry of Environment says.

Report: Canada's Northwest Territories Hold Big Natural Gas Reserves
Tuesday, November 25, 2014 Canada's Northwest Territories, including its Arctic islands and the adjacent Beaufort Sea, hold more than 1.2 billion barrels of crude oil and 16.4 Tcf of marketable natural gas, the NEB says.

Oil Industry Swashbucklers Hit By War, Disease And Shale Boom
Monday, November 24, 2014 The world has become a more difficult place for the small, intrepid Canadian oil explorers that roam the globe hunting for the next big petroleum discovery.