Integrated oil companies that sharply reduced their capital budgets in response to the COVID-19 pandemic say they will continue to focus on their balance sheets for the rest of this year although some say spending could rise next year.
July 8, 2020, 7:08 AM MDT
Based on its recent capacity optimization open season, TC Energy Corporation has revised in-service dates for six projects on its NOVA Gas Transmission Ltd. (NGTL) System, including the North Central Corridor expansion and the Groundbirch Mainline Loop’s Sunrise and proposed Saturn sections.
June 26, 2020, 6:14 AM MDT
While natural gas producers likely will see stronger prices in 2021, the next few months will continue to be challenging as the global glut of gas continues to weigh down prices in the wake of reduced COVID demand, analysts are predicting.
June 25, 2020, 7:36 AM MDT
The Canadian oil and gas industry needs “net-zero” emissions which has now become a tool for competitiveness, not only a tool for the environment and the “right thing to do,” Canada’s natural resources minister said Monday.
June 23, 2020, 6:42 AM MDT
Although the federal government still has “a ways to go” in delivering assistance to the beleaguered oil and gas industry, Natural Resources Minister Seamus O’Regan said Monday it is working to “try to get it right.”
June 23, 2020, 11:26 AM MDT
Total Alberta capital expenditures in oil, natural gas and oilsands fell by 31 per cent in 2019 to $18.9 billion from $27.5 billion in 2018 although global capital spending was up, says the Alberta Energy Regulator (AER) in its annual energy outlook.
June 9, 2020, 6:39 AM MDT
The Alberta Energy Regulator (AER) in its annual energy outlook is forecasting a 57 per cent drop in its base case price for Western Canadian Select (WCS) to US$19/bbl in 2020 from $44.28 bbl in 2019.
June 9, 2020, 6:54 AM MDT
Alberta demand for pentanes plus is expected to decline by 4.8 per cent this year as a result of lower oilsands demand brought on by low oil prices from falling demand due to the COVID-19 pandemic, says the Alberta Energy Regulator (AER) in its annual energy outlook.
June 9, 2020, 9:54 AM MDT
In what has become a rarity at this year’s virtual annual meetings, junior Altura Energy Ltd. Thursday talked to its shareholders about an early stage medium oil exploration play.
June 5, 2020, 6:21 AM MDT
The Alberta energy department has reviewed and processed more than 6,600 of the more than 36,000 applications it received for the first round of the federally-funded Site Rehabilitation Program and money is flowing to oilfield service contractors, Energy Minister Sonya Savage said Wednesday.
June 4, 2020, 6:05 AM MDT
Enbridge Inc.’s Line 3 replacement project faces a further permitting delay with a decision by the Minnesota Pollution Control Agency (MPCA), following a public comment period, to conduct a contested case hearing regarding the company’s 401 water quality certificate permit.
June 3, 2020, 3:20 PM MDT
NOVA Gas Transmission Ltd. (NGTL) is seeking Canada Energy Regulator (CER) approval for the West Path delivery 2022 project with a targeted in-service date of November 2022 for the entire project.
June 2, 2020, 9:53 AM MDT
Pieridae Energy Limited’s chief executive says Shell Canada Limited remains committed to the transfer of its South Foothills licences to Pieridae and that Shell will be working with the Alberta Energy Regulator (AER) to complete the process.
May 28, 2020, 2:45 PM MDT
The Alberta Energy Regulator (AER) has temporarily suspended some environmental monitoring requirements that are difficult for workers to perform safely while complying with current public health orders due to COVID-19.
May 22, 2020, 10:59 AM MDT
The Canada Energy Regulator (CER) has denied an application from NOVA Gas Transmission Ltd. (NGTL) for leave to abandon the Etzikom pipelines that are part of the NGTL System in southeastern Alberta and terminate firm shipper contracts, determining it is not in the public interest.
May 21, 2020, 11:45 AM MDT
A hydrogeological study filed with Canada Energy Regulator (CER) has demonstrated that the Trans Mountain pipeline expansion poses a “very low” risk to water sourced by wells on the Coldwater Indian Reserve No. 1 near Merritt, British Columbia, says the company.
May 20, 2020, 10:17 AM MDT
The Keystone XL pipeline remains an important North American energy infrastructure project that will create thousands of high-quality jobs in a time of unprecedented economic uncertainty and unemployment, says TC Energy Corporation.
May 19, 2020, 10:55 AM MDT
Over the past week or so, Tidewater Midstream and Infrastructure Ltd. has seen a significant improvement at its Prince George refinery in rack prices for gasoline and diesel along with increased demand, the company’s chief executive said Thursday.
May 15, 2020, 6:11 AM MDT
The Canada Energy Regulator (CER) says it will reconsider and establish the geographic focus of a detailed route hearing in British Columbia for the Trans Mountain expansion and issue a ruling after receiving additional comments.
May 14, 2020, 10:09 AM MDT
Warning that regulatory delays are jeopardizing its ability to start construction of its expansion project in priority areas by July 2020, Trans Mountain Pipeline ULC has asked the Canada Energy Regulator (CER) to reduce the scope for a detailed route hearing in British Columbia.
May 13, 2020, 10:39 AM MDT
As producers slash their capital programs, Keyera Corp. is working with its natural gas gathering and processing customers, where appropriate, to develop mutually beneficial solutions to help keep their volumes flowing in the short term, says a company executive.
May 13, 2020, 3:58 PM MDT
The Alberta government and the Canadian Association of Petroleum Producers (CAPP) have welcomed Monday’s announcement by the federal government of a new multi-sector bridge financing program to help large employers, although they caution the details remain to be worked out.
May 12, 2020, 6:20 AM MDT
The federal government today announced some long awaited assistance for Canada’s largest employers in all sectors, including those in the oilpatch, to help them keep from going under and to position them for a rapid economic recovery.
May 11, 2020, 11:36 AM MDT
Pembina Pipeline Corp. is ready to recover from the economic downturn and has the ability to make money despite the current circumstances — including the price of oil — company shareholders heard Friday.
May 11, 2020, 6 AM MDT
Heavy oil is expected to lead the way as refinery demand gradually picks up in the United States Midwest and other regions later this year and refineries look to take advantage of available capacity on the Canadian Mainline, the chief executive of Enbridge Inc. said Thursday.
May 8, 2020, 12 AM MDT