While Alberta Premier Rachel Notley’s decision to curtail crude output should help narrow differentials in the relative short term, it has also struck a divisive chord within the province’s exploration and production sector.
December 3, 2018, 10:56 AM MST
The Alberta government is mandating a short-term reduction in oil production.
December 3, 2018, 3:20 AM MST
Short-term oil production curtailments could provide the kind of predictability and stability that would allow industry players to keep people employed “because they can see a light at the end of the tunnel,” says Alberta Premier Rachel Notley.
December 3, 2018, 4:29 AM MST
December 3, 2018, 7:17 AM MST
December 3, 2018, 9:23 AM MST
December 3, 2018, 9:24 AM MST
The Alberta government is forecasting higher non-renewable resource revenue than budgeted for 2018/2019, although it noted in a fiscal Q2 update this morning that the differential crisis is weighing on the economic outlook.
November 30, 2018, 11:03 AM MST
November 30, 2018, 3:55 AM MST
November 30, 2018, 12 AM MST
The Saskatchewan government is forecasting a wider differential and higher production than budget, according to its mid-year report released today.
November 29, 2018, 8:20 AM MST
Given the dire situation for producers brought on by the differential crisis, United Conservative Party (UCP) leader Jason Kenney this afternoon called on the Alberta government to “act immediately” to introduce mandatory curtailment of 10 per cent of Alberta’s oil production.
November 28, 2018, 1:49 PM MST
Federal Finance Minister Bill Morneau was asked during a question-and-answer session this afternoon whether Canadians understand the importance of the oil and gas industry to the country, and of the dire situation given the price differential.
November 28, 2018, 3:15 AM MST
The B.C. government says it is supporting the federal government in court action brought by the Saskatchewan and Ontario governments, challenging Ottawa’s carbon tax.
November 27, 2018, 9:42 AM MST
B.C.’s expected gas royalty forecast has fallen by $44 million thanks mainly to lower natural gas prices.
November 26, 2018, 10:36 AM MST
Canada’s largest oil and gas industry lobby group was unceremoniously shut out of a meeting between Prime Minister Justin Trudeau and top level energy sector officials yesterday.
November 23, 2018, 10:48 AM MST
The Canadian Association of Oilwell Drilling Contractors (CAODC) in early December will be tabling with the provincial government proposed reforms to regulations that the group says wouldn’t result in additional risk.
November 23, 2018, 3:43 AM MST
If the federal government isn’t prepared to help the Alberta government buy rail cars to help get oil to market, the province is prepared to go it on its own, Alberta Premier Rachel Notley said Thursday.
November 23, 2018, 3:33 AM MST
November 23, 2018, 6:39 AM MST
While Alberta’s Finance Minister Joe Ceci was “pleased” with some corporate tax breaks announced by the federal government Wednesday, he’s miffed that extensive measures to aid the province’s struggling oil and gas sector were nowhere to be found.
November 22, 2018, 9:50 AM MST
November 22, 2018, 3:58 AM MST
Six project proposals are being considered by the Alberta government for investment in partial upgrading of bitumen.
November 22, 2018, 8:39 AM MST
November 22, 2018, 9:52 AM MST
November 21, 2018, 10:15 AM MST
Alberta Premier Rachel Notley has appointed a team to work with key energy leaders to develop short and medium-term solutions to reduce the oil price differential said to be costing the Canadian economy more than $80 million a day.
November 20, 2018, 3:44 AM MST
The Alberta government plans to double its support for energy upgrading with total investment of $2.1 billion in its continuing effort to derive more value from Alberta’s resources.
November 20, 2018, 11:30 AM MST