While the oil industry should expect a wild ride this year of price volatility driven by supply uncertainty, consistently higher prices will be needed to attract the investment needed to meet global oil demand, says a senior energy analyst.
January 27, 2017, 6:36 AM MST
A decision on whether to proceed with the front end engineering design (FEED) stage for a new $3.8 billion-$4.2 billion petrochemical plant to be built in Sturgeon County, northeast of Edmonton, will be made in 30 days — but executives with one of the partners in the project seem confident the plant will be built.
January 27, 2017, 4:27 AM MST
Although it has just launched a project to more than double crude oil storage capacity at its Edmonton Terminal, the chief executive of Gibson Energy Inc. said the company is already contemplating further expansion.
January 27, 2017, 10:15 AM MST
A few years ago Canadian Natural Resources Limited talked about increasing the output of its Horizon oilsands mine to 500,000 bbls a day.
January 27, 2017, 12 PM MST
From zero output to senior producer in eight years, Tourmaline Oil Corp. hasn’t been shy about putting the pedal to the metal in its short corporate history.
January 27, 2017, 9:49 AM MST
Canadian heavy oil prices closed above US$40 per bbl on Thursday.
January 27, 2017, 10:30 AM MST
The new hearing panel assigned to review the Energy East and Eastern Mainline applications has voided all decisions made by the previous hearing panel.
January 27, 2017, 7:11 AM MST
January 27, 2017, 11:14 AM MST
Northeast British Columbia Montney producer Painted Pony Petroleum Ltd. is hoping that by drilling wells faster it will be able to offset higher service costs, an investment conference heard this week.
January 27, 2017, 4:27 AM MST
January 27, 2017, 11:43 AM MST
rowth in the world economy requires more energy, although the extent of the increase is mitigated by falls in energy intensity (energy used per unit of GDP).
January 27, 2017, 8:36 AM MST
Alberta Environment and Parks (AEP) this week approved the first carbon offset protocol that addresses methane emission reductions from pneumatic production equipment.
January 27, 2017, 11:07 AM MST
January 27, 2017, 8:05 AM MST
Operators had 353 rigs at work across Western Canada on Friday morning, up 125 rigs from the same week a year ago, when 228 were active.
January 27, 2017, 11:39 AM MST
TransCanada Corporation has submitted a Presidential Permit application to the U.S. Department of State for approval of the Keystone XL pipeline.
January 27, 2017, 4:27 AM MST
The National Energy Board (NEB) has approved Enbridge Inc.'s Line 10 Westover Segment Replacement Project in southern Ontario.
January 27, 2017, 4:28 AM MST
MEG Energy Corp. closed its previously announced comprehensive refinancing plan, comprised of four financing transactions.
January 27, 2017, 7:53 AM MST
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January 27, 2017, 8:36 AM MST
AltaGas Ltd. opened its Pomona Energy Storage Facility at the site of its existing Pomona generation facility in the East Los Angeles Basin of Southern California.
January 27, 2017, 6:57 AM MST
Enbridge Inc. has entered into a merger agreement through a wholly-owned subsidiary, whereby it will take private Midcoast Energy Partners LP (MEP) by acquiring all of the outstanding publicly-held common units of MEP.
January 27, 2017, 7:22 AM MST
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