Merger and acquisition (M&A) activity in the upstream Canadian oil and gas sector was historically weak in 2019 but could be primed for a moderate rebound this year, say industry insiders.
January 29, 2020, 7:33 AM MST
Canadian Pacific Railway Limited’s fourth quarter crude-by-rail had a strong performance in the fourth quarter and company officials expect more of the same as 2020 unfolds.
January 29, 2020, 11:07 AM MST
Canadian National Railway Company expects crude-by-rail volumes to ramp-up in the near term and provide more growth as 2020 unfolds.
January 29, 2020, 12 AM MST
Pressure pumping equipment with active crews appear to be fully booked through the first quarter of 2020, say TD Securities Inc. analysts.
January 28, 2020, 9:36 AM MST
TD Securities Inc. says that based on its recent review of 2020 Western Canadian Sedimentary Basin (WCSB) capital spending (excluding oilsands) for 17 Canadian E&Ps that have provided guidance, the firm expects capital spending to be down three per cent year-over-year.
January 21, 2020, 10:15 AM MST
Things are looking slightly more promising for western Canadian natural gas producers in 2020 compared to the doldrums of the past few years as AECO fundamentals and egress options are improving, say some industry analysts.
January 15, 2020, 7:04 AM MST
After a tumultuous and volatile first half of 2019, global benchmark crude oil prices generally settled into a more stabilized range which should continue in 2020 with the caveat being potential market disruptions associated with geopolitical events and risk, say analysts contacted by the Bulletin.
January 14, 2020, 12 AM MST
When the calendar turned last Jan. 1 the Alberta oilpatch was in a world of hurt as issues that included historically wide differentials, continued delays of much needed egress solutions and the Alberta government’s implementation of mandatory production cuts severely dampened industry optimism and uncertainty was rampant.
January 14, 2020, 8:50 AM MST
The importance of environment, social and governance (ESG) performance is fast gaining more prominence in the petroleum sector, both for oil and gas producers and the investment community. Today, we are focusing on the investor and banking perspective. On Tuesday, we examined the industry perspective.
January 8, 2020, 12 AM MST
The importance of environment, social and governance (ESG) performance is fast gaining more prominence in the petroleum sector, both for oil and gas producers and the investment community. Today, the DOB examines the industry perspective as it charts its course. Tomorrow, the focus will be on the investor and banking perspective.
January 7, 2020, 12 AM MST
Keyera Corp. is bullish on western Canadian natural gas fundamentals going forward and plans on continuing to focus on growing its Canadian operations, the company’s inaugural investor day heard this morning.
December 11, 2019, 11:13 AM MST
The long and winding road that eventually led the $40 billion LNG Canada project to get shovels in the ground was fraught with challenges and lessons learned and could serve as a blueprint for other Canadian LNG projects going forward.
December 9, 2019, 6 AM MST
While Canada’s nascent LNG industry boasts many attractive qualities such as cheap and abundant feedstock, selling the sector’s environmental, social and governance (ESG) attributes is essential if it wants to attract increased foreign investment, attendees of the recent Canadian LNG conference held in London, U.K., heard.
December 5, 2019, 12 AM MST
The discount on Canadian heavy crude widened to a nearly one-month high versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday due to high inventory levels.
December 4, 2019, 7:49 AM MST
Natural gas drilling activity in the Western Canadian Sedimentary Basin (WCSB) will likely be weak again this winter and gas supply is likely to continue to decline as producers keep a lid on spending.
November 19, 2019, 6:39 AM MST
Global oil demand growth will be pinched post-2030 and shale output from the United States is set to stay higher for longer than previously projected, reshaping global markets, trade flows and security, the International Energy Agency (IEA) says in its World Energy Outlook 2019.
November 13, 2019, 9:56 AM MST
Over the next two decades, global demand for natural gas grows more than four times faster than demand for oil, the International Energy Agency (IEA) says in its World Energy Outlook 2019
November 13, 2019, 11:39 AM MST
Imperial Oil Limited CEO Rich Kruger again voiced his displeasure at the Alberta government’s mandatory curtailment, saying the company’s proposed Aspen oilsands project won’t go ahead until the province terminates the program.
November 12, 2019, 11:56 AM MST
Imperial Oil Limited says it will spend less next year and has set a preliminary 2020 capital expenditure budget of between $1.6-$1.7 billion, down from 2019’s projected total of $1.8-$1.9 billion.
November 12, 2019, 3:44 PM MST
Enerflex Ltd. says its solid third quarter results were backstopped by strong execution of projects included in its record backlog, higher service activity levels and the continued organic expansion of the contract compression fleet in the United States.
November 8, 2019, 10:41 AM MST
Canadian Natural Resources Limited says incremental egress of approximately 225,000 bbl/d to move additional crude oil production out of the Western Canadian Sedimentary Basin (WCSB) that is targeted to be added over the near term will provide opportunities for the company before new export pipelines are constructed.
November 7, 2019, 11:41 AM MST
Canadian Natural Resource Limited achieved record quarterly adjusted funds flow of approximately $2.9 billion in the third quarter as operating costs were below forecast and production was at the top end of quarterly corporate guidance.
November 7, 2019, 10:41 AM MST
Keyera Corp. currently has a significant capital program underway that extends secured growth out to 2022, and says it expects to invest between $800 million and $900 million in growth capital in 2019 and between $700 million and $800 million in 2020, excluding acquisitions.
November 6, 2019, 11:28 AM MST
After a solid third quarter, Keyera Corp. is “on track to deliver another record year of financial performance,” says David Smith, president and CEO.
November 6, 2019, 11:17 AM MST
Gibson Energy Inc. continues to progress several major growth projects within its Infrastructure segment, including advancing the construction of seven tanks, or 3.5 million bbls of storage, representing a 35 per cent expansion at the company’s Hardisty Terminal.
November 5, 2019, 3:24 PM MST