British Columbia's Liberal government was defeated on Thursday in a non-confidence vote, as expected, paving the way for the left-leaning New Democrats to rule the province for the first time in 16 years.
The province of Alberta ended the 2016/2017 fiscal year with a deficit of $10.78 billion, $263 million higher than the 2016 budget estimate of $10.52 billion as the government had to contend not only with low oil prices but the impact of the Wood Buffalo wildfire.
Responding to comments in the media regarding the profitability of Phase 1 of the Sturgeon refinery, North West Refining said that those who suggest that this project is not profitable “must engage the facts and not just make assumptions.”
Supply from Saudi Arabia eased 40,000 bbls per day to 9.92 million bbls a day in May, holding below its 10.06 million bbls a day output target for the fifth month running, noted the International Energy Agency (IEA). Compared to a year ago, Saudi output was down 310,000 bbls a day.
Husky Energy Inc. has awarded Wood Group a multimillion-dollar contract to complete detailed engineering for the topsides of White Rose, a concrete gravity-based structure wellhead platform planned for offshore eastern Canada.
Dallas-based Energy Transfer’s subsidiary, Lake Charles LNG Export Company, LLC, has entered into a memorandum of understanding (MOU) with South Korea-based Korea Gas Corporation (Kogas) to study the feasibility of joint participation in the Lake Charles LNG liquefaction project.
Enbridge Inc. and Enbridge Energy Partners, L.P. closed of the sale of EEP's interest in the Midcoast Gas Gathering and Processing business to Enbridge Energy Company, Inc. (EECI), a subsidiary of Enbridge.
Pétrolia Inc. has obtained an interim order from the Quebec Superior Court (Commercial Division) in connection with its previously announced planned amalgamation with Pieridae Energy Limited by way of a plan of arrangement under the Canada Business Corporations Act.
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