Industry Headlines News for Canada

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Baker Hughes: Oil Drillers In Canada Boost Rigs To 10-Month High
Friday, January 12, 2018 Energy firms in Canada almost doubled the number of rigs drilling for oil this week to the highest level in 10 months.

Oil Crosses $70 Threshold in London as Worldwide Glut Dwindles
Thursday, January 11, 2018 Oil briefly topped $70 a barrel in London for the first time in three years.

OPEC's Cheer Over 2018 Oil Rally Tinged By Shale Worries
Tuesday, January 09, 2018 Oil's price rally this year to its highest since May 2015 may seem a source of glee for OPEC.

Investors Sense Opportunities In Big Oil - But Mind The Gap
Friday, January 05, 2018 Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks.

Rig Trends: Offshore Rig Fleet Poised for Comeback, but More Time is Needed
Thursday, January 04, 2018 Most of the 2018 indicators are positive, and should they shake out as predicted, the second-half of next year could finally be the start of a true recovery.

Why I Returned to the Oilfield...
Thursday, January 04, 2018 Oil and gas workers detail their journeys exiting - and coming back - to the industry.

Oil, Gas Outlook: M&A, Asset Development Key to Future Growth
Wednesday, January 03, 2018 Argo Consulting's Alan Free discusses where the silver lining may be for oil and gas in 2018.

2018 Outlook: Survey Reveals Industry's Outlook on Oil Prices, Jobs
Tuesday, January 02, 2018 Rigzone readers share their outlooks on some of the most pertinent issues affecting the oil and gas industry.

Moody's Sees Oil Prices At $40-$60 Per Barrel This Year
Tuesday, January 02, 2018 Moody's Investors Service expects oil prices in the range of $40 to $60 per barrel in 2018.

Top 5 Articles by Rigzone Staff in 2017
Friday, December 29, 2017 Rigzone reveals some of its most-read articles written by staff in 2017.

Top Rigzone-Staff Picks for 2017
Thursday, December 28, 2017 Rigzone's editors highlight articles they've particularly enjoyed writing in 2017.

Five Oil Signals to Watch as 2018 Pits OPEC Against Shale
Thursday, December 28, 2017 Oil traders are going to have their work cut out for them in 2018.

Global Conventional Discoveries Hit Record Low
Friday, December 22, 2017 Global conventional discoveries hit a record low in 2017, coming in at less than seven billion barrels of oil equivalent.

BLOG: Wrapping Up a Year of Oil Price Predictions
Thursday, December 21, 2017 Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions.

Chevron Canada Okays Duvernay Development
Tuesday, November 07, 2017 'The Duvernay formation is one of the most prospective liquids-rich shale plays in North American,' Chevron Canada President Jeff Gustavson.

Petronas' Canadian Unit Says Looking to Sell Oil and Gas Asset in Alberta
Thursday, October 05, 2017 Progress Energy, the Canadian unit of Malaysian state energy firm Petroliam Nasional Berhad, said it was looking to sell its Deep Basin oil and gas asset in the Canadian province of Alberta.

Canada Gas Set to Strike Back Against US Shale as Glut Eases
Thursday, September 14, 2017 Output from some longtime producers is waning and pipeline maintenance is ending.

Canadian Province Alberta Sees Lower Revenues On Weak Oil Prices
Wednesday, August 23, 2017 Canada's largest crude-producing province Alberta downgraded its 2017-18 revenue forecast because of lower-than-expected oil prices.

Fight Over Abandoned Oil Wells in Canada May Go to Top Court
Tuesday, August 01, 2017 A battle over whether energy-company creditors should help pay for cleaning up thousands of abandoned oil wells in Canada may be heading to the country's Supreme Court.

Canadian Industry Body Boosts Oil, Gas Drilling Forecast By 8%
Monday, July 31, 2017 Canadian light oil producers will drill more wells than previously expected this year as the sector benefits from investors transferring capital out of the oil sands.

Canada Top Court Throws Out Permits For Seismic Testing In North
Wednesday, July 26, 2017 Canada Top Court Throws Out Permits For Seismic Testing In North

Canada M&A Hits Decade-High as Foreign Owners Flee Oil Sands
Tuesday, June 27, 2017 Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments.

Wood Group Pens Deal Which Will 'Improve the Worker's Day'
Monday, June 26, 2017 Wood Group signs an extension to its collaborative agreement with Canadian technology company Librestream Technologies to continue its digital solutions partnership.

Canada's Permian of the North Roused by Cheap Gas Drilling
Friday, May 19, 2017 Drilling rigs and roughnecks are hot commodities once again across the Montney shale formation and companies are having a hard time keeping up with demand.

Clean Tech Projects in Alberta Oil Sector to Reduce Emissions, Create Jobs
Friday, May 12, 2017 Canada's Minister of Natural Resources, Jim Carr, announces that $21 million will be spent for 3 clean technology projects to reduce emissions in the oil and gas sector in Alberta.

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.

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).

Enbridge Cutting 1,000 Jobs in US and Canada
Wednesday, March 22, 2017 Following the closing of its acquisition of Spectra Energy, Enbridge is trimming its workforce by 6%.

Regulator Responding To Husky Oil Spill In Canada's Alberta
Monday, March 20, 2017 The Alberta Energy Regulator is responding to a crude oil spill by Husky Energy in Canada's oil-rich Alberta province.

Canada Oil Dependence on US Loosens in Age of Donald Trump
Friday, March 10, 2017 The Canadian oil patch's half-century bond to the US market is loosening one tanker load at a time in Donald Trump's "America First" era.

Shell Sells Canadian Oil Sands, Ties Bonuses To Emissions Cuts
Thursday, March 09, 2017 Shell has agreed to sell most of its Canadian oil sands assets for $8.5B.

Canada Growth Beats US as Oil Nation Emerges From Slump
Thursday, March 02, 2017 The confirmation that Canada is emerging from the commodity slump should come as a relief to policy makers who struggled to cope with a near-stagnant economy.

TransCanada's $15B US Keystone XL NAFTA Suit Suspended
Tuesday, February 28, 2017 TransCanada suspends a $15 billion NAFTA suit filed against the United States over the Keystone XL pipeline.

Shell Shuns New Oil Sands as Low Crude Prices Force Cost Control
Monday, February 27, 2017 Royal Dutch Shell is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude's crash forced competitors to write down Canadian reserves.

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.

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.