While Keystone XL would have been an ideal market link, bringing together U.S. Gulf Coast refiners in need of crude and Canadian suppliers with an ample supply of it, exactly how the pipeline’s rejection relates to potential crude-by-rail growth is complicated, because alternative pipelines have progressed since TransCanada Corporation first proposed its project, says Kevin Birn, director of oilsands dialogue at IHS Inc.
December 15, 2015, 9:31 AM MST
Aboriginal engagement with the natural resource sector is a “success story,” but it is an incomplete one that requires further diligence for all parties to receive its full benefit, says the co-author of a newly-released Macdonald-Laurier Institute (MLI) report.
December 15, 2015, 9:28 AM MST
A new study says that at supply costs of C$3.72 per mcf, Québec’s gas potential is marginally competitive while Anticosti Island’s oil resource is uncompetitive at its supply costs of C$95.50 per bbl.
December 15, 2015, 11:48 AM MST
One of Mexico’s largest financial institutions has concluded that today’s sale of 25 land-based blocks, being auctioned off as part of Mexico’s energy industry reform, could generate US$340-$500 million a year in annual royalties for the federal government, with potentially millions of dollars more in corporate taxes and other financial benefits.
December 15, 2015, 10:28 AM MST
Operators across Canada spudded 4,971 wells to the end of November, off 52 per cent from a year ago when 10,460 wells were spud over the first 11 months of the year.
December 15, 2015, 9:49 AM MST
Journey Energy Inc. has set a 2016 capital budget of $25 million, less than one-half of its revised 2015 budget of $53 million to $55 million and suspended its quarterly dividend.
December 15, 2015, 9:45 AM MST
TORC Oil & Gas Ltd. has approved a 2016 capital budget of $90 million (roughly $35 million of expenditures planned in the first half of 2016 and $55 million planned during the second half).
December 15, 2015, 11:15 AM MST
Shareholders of Canadian Oil Sands Limited in a letter from Suncor Energy Inc. are being urged to take action to protect the value of their investment as it steps up its effort to acquire COS.
December 15, 2015, 10:36 AM MST
A Calgary based producer has a newly fabricated modular 60 MMscf/d Propak Amine Plant for sale.
December 15, 2015, 6 AM MST
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Jacobs Engineering Group Inc. was awarded a contract from Suncor Energy Inc. to provide project management and engineering services to complete the design basis memorandum (DBM) for its proposed Meadow Creek East facility .
December 15, 2015, 10:54 AM MST
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The National Energy Board (NEB) will be conducting the pipeline services survey in early 2016.
December 15, 2015, 9:46 AM MST
Rock Energy Inc. has initiated a full public process to identify and examine strategic alternatives.
December 15, 2015, 9:47 AM MST
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December 15, 2015, 9:42 AM MST
Striker Exploration Corp. is selling certain non-core assets for cash consideration of $5.2 million.
December 15, 2015, 10:17 AM MST
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