Regional News: Canada

 
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Cenovus Energy Posts Smaller-Than-Expected Quarterly Loss
Wednesday, April 26, 2017 Cenovus Energy reports a smaller-than-expected quarterly loss as operating costs fell, while oil sands production rose.

Oil Tankers Threaten Endangered Orcas, Tribes Say in Lawsui
Wednesday, April 26, 2017 Killer whales in the waters west of Seattle face heightened risk from an increased traffic of tankers that will carry oil from Kinder Morgan Inc.'s $5.4 billion Trans Mountain Pipeline expansion, claim two Native American organizations.

Kinder Morgan Canada Files for IPO to Raise Trans Mountain Funds
Tuesday, April 25, 2017 The Trans Mountain expansion will nearly triple the size of Kinder Morgan's existing pipeline and ship 890,000 barrels a day of crude from Edmonton, Alberta, to Barnaby, British Columbia.

Oil-Sands Operators Bet on Local Advantage as US Partners Flee
Thursday, April 20, 2017 Now that multinational energy producers have sold their stakes in Canada's oil sands, local companies are hatching plans to make some real changes.

Oil Servicers Still Struggle as Canadian Producers Ramp Up
Monday, April 17, 2017 While Canadian producers are on firmer footing, oilfield service companies are still keeping restructuring advisers and lawyers busy.

  


Sources: Chevron Exploring Sale Of Canada Oil Sands Stake Worth About $2.5B
Thursday, April 13, 2017 Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the situation.

Syncrude Outage Limits ConocoPhillips Oil Sands Production
Tuesday, April 04, 2017 A shutdown at the Syncrude oil sands facility in northern Alberta has curbed output from ConocoPhillips' Surmont plant, the US company says.

Sources: Syncrude Oil Sands Project Cuts April Production to Zero
Monday, April 03, 2017 The Syncrude oil sands project in northern Alberta has cut its production to zero for all of April following a fire last month, according to three market sources.

SNC-Lavalin Steps Up Deal Push With $2.6 Billion Atkins Bid
Monday, April 03, 2017 SNC-Lavalin Group Inc. is holding talks to buy WS Atkins Plc of the UK for 2.08 billion pounds ($2.6 billion).

Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks
Thursday, March 30, 2017 Cenovus Energy fell the most since its trading debut more than seven years ago after agreeing to buy Canadian oil assets from ConocoPhillips for C$17.7 billion ($13.3 billion) in a deal that increases its risks at a time of uncertain oil prices.

ConocoPhillips Sells Oil Sands, Gas Assets to Cenovus in C$17.7B Deal
Wednesday, March 29, 2017 Cenovus will double its production and reserves through deal to buy ConocoPhillips' interest in Foster Creek Christina Lake oil sands partnership and its western Canada Deep Basin gas assets.

Canada First Nation Makes History with LNG Vote
Tuesday, March 28, 2017 Sarita LNG would source natural gas from northeastern British Columbia and northwestern Alberta via existing and new pipelines.