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Regional News: Canada

 
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Petronas to Make FID on Canadian LNG Project by June
Monday, March 02, 2015 Petronas expects to make a final investment decision on an $11 billion liquefied natural gas export terminal in British Columbia by June, after postponing the decision late last year, its chief executive says.

Encana Cuts 2015 Budget After 85% Fall In Operating Profit
Wednesday, February 25, 2015 Encana slashes its 2015 capital budget by a quarter in response to a slump in global crude oil prices.

Consultancy: Cash Flows From Canada Oil Sands To Fall By $23B In 2 Years
Tuesday, February 24, 2015 Cash flows from the Canadian oil sands will fall by $23B and turn negative in the next 2 years, Wood Mackenzie says.

Shell Shelves 200,000 Bpd Pierre River Oil Sands Mining Project
Monday, February 23, 2015 Shell says it was shelving plans to build a new oil sands mine in northern Alberta, the largest such project to be deferred as producers struggle with low energy prices.

Dodson: Statoil Plans 5-6 Wells In Current Canada Exploration
Thursday, February 19, 2015 Statoil will drill five to six exploration wells in Canada during its current 15 month campaign, exploration chief Tim Dodson says.

  



Enbridge Fourth-Quarter Profit Boosted By New Projects
Thursday, February 19, 2015 Enbridge says it returned to profit in the fourth-quarter as new projects entered service.

Canada Imposes Sanctions On Russian Oil Firm Rosneft, Rostec CEO
Wednesday, February 18, 2015 Canada is imposing sanctions against Rosneft and the head of conglomerate Rostec, among others, in response to the actions of Russian-backed militants in Ukraine, Ottawa says.

Talisman Energy Shareholders Approve Repsol's $8.3B Offer
Wednesday, February 18, 2015 Talisman Energy common shareholders vote to approve an $8.3 billion offer for the Canadian oil and gas producer from Repsol SA.

TransCanada Profit Beats Estimates, Boosts Dividend
Friday, February 13, 2015 TransCanada reports a better-than-expected fourth quarter profit, driven mainly by increased earnings from its Canadian operations.

Precision Drilling Posts Quarterly Loss as Rig Demand Drops
Thursday, February 12, 2015 Canada's Precision Drilling Corp reports a loss for the fourth quarter as demand for its rigs declines.

Cenovus to Cut Jobs, Freeze Hikes as Losses Deepen on Oil Price Tumble
Thursday, February 12, 2015 Canada's Cenovus Energy says it will cut 15 percent of its workforce as it reports an eightfold increase in its quarterly loss.

Husky Energy Swings To Loss, Cuts 2015 Capex Again
Thursday, February 12, 2015 Husky Energy swings to a quarterly loss and cuts its capital budget for the second time in three months as oil trades at 5-year lows.

Northern Petroleum's Latest Alberta Well Proves Uneconomic
Tuesday, February 10, 2015 Northern Petroleum's 102/11-30 well in northwest Alberta produces oil but not at an economic rate.