Suncor Posts Higher Upstream Production
Suncor Energy Inc, Canada's second-largest oil and gas producer, on Wednesday reported a 5% rise in second-quarter operating profit and higher upstream production.Suncor's total production rose to 803,900 barrels of oil equivalent per day (boepd) in the quarter…
Michigan Sues to Shut Down Enbridge Oil Pipeline in Great Lakes
The U.S. state of Michigan has filed a lawsuit asking for an Enbridge Inc oil pipeline that runs under the Straits of Mackinac in the Great Lakes to be decommissioned, a statement from Michigan's attorney general said on…
Suncor Q1 profit beats estimates
Canada's Suncor Energy Inc reported a profit on Wednesday that beat analysts' estimates as the integrated oil producer reaped the benefits of improved Canadian heavy crude pricing due to Alberta's production curtailments.The…
Oil Falls From 2015 Highs as Rally Fizzles
Oil prices dipped on Wednesday after hitting a near two-and-a-half year high in the previous session as a rally fuelled by supply outages in Libya and the North Sea ran out of momentum. Brent crude futures dropped to $66.38 a barrel…
Canada Oil Producers Fill Pipelines, Railroads
Canadian oil producers are running out of options to get crude to market as pipeline and rail capacity fills up, driving prices to four-year lows and increasing the risk of firms having to sell cheaply until at least late 2019.
Kinder Morgan wins Trans Mountain Appeal
Canada's energy regulator ruled on Thursday in favor of Kinder Morgan Canada Ltd's appeal to sidestep some municipal permits for its Trans Mountain pipeline expansion, a major victory for the C$7.4 billion ($5.8 billion) project.
PHMSA Orders Further Keystone Analysis, Studies
A U.S. regulator's preliminary investigation into the biggest oil pipeline spill this year has raised a red flag that could trigger an extensive and costly inspection of tens of thousands of miles of underground energy lines.
Enbridge Shares Climb After $2.3 bln in Asset Sales
Enbridge Inc shares jumped as much as 6.2 percent on Thursday after North America's largest energy infrastructure company announced plans to sell C$3 billion ($2.3 billion) of noncore assets to focus on its central business.
ExxonMobil's Canada Offshore Project Produces First Oil
The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output after years of weak crude prices. At its peak Hebron will produce up to 150,000 barrels per day (bpd), Exxon said.
Keystone Restarts, No Date for Return to Full Capacity
Transcanada Corp's Keystone oil pipeline restarted operations on Tuesday but the company has no timeline on when U.S. regulators will allow it to return to full capacity, a TransCanada spokesman said. The 590,000 barrel per day pipeline links Canada's oil sands to U.S.
TransCanada to Restart Keystone Pipeline on Nov. 28
TransCanada Corp will restart its Keystone crude oil pipeline at reduced pressure on Tuesday after getting approval from U.S. regulators, the company said on Monday. Calgary-based TransCanada shut down the 590,000 barrel-per-day pipeline…
No Date Set Yet for Keystone Pipeline Restart
No date has been set yet for a restart of TransCanada Corp's Keystone pipeline, which was shut down on Thursday after a 5,000-barrel crude oil leak in South Dakota, a company spokesman said on Friday. "We regret the impact…
Gibson Energy Lays off Staff across Canadia
Canadian oil and gas infrastructure company Gibson Energy laid off staff across its Canadian operations on Thursday, according to a company spokeswoman who declined to provide exact numbers. Calgary-based Gibson Energy provides…
Petronas' Canadian Unit to Look at other LNG Opportunities
Progress Energy, a wholly-owned unit of Malaysia's Petronas, will look at other liquefied natural gas opportunities as a way to monetize its Canadian gas assets after Petronas scrapped a $29 billion LNG project this year, a company executive said on Wednesday.
Alberta Sees Lower Revenues on Weak Oil Prices
Canada's largest crude-producing province Alberta downgraded its 2017-18 revenue forecast on Wednesday because of lower-than-expected oil prices that have battered the once-booming economy. In a first quarter update the government…
Gibson Energy's Biggest Shareholder Calls for Strategic Review
M&G Investment Management Ltd, the largest shareholder in Canada's Gibson Energy, on Monday urged the Calgary-based oil and gas infrastructure company to launch a strategic review process to cut costs and boost returns. London-based M&G…
Canceled LNG Project Casts Shadow over Canada's Biggest Shale Play
Petronas' decision to cancel its Pacific NorthWest LNG project is a blow to the growth outlook for Canada's largest shale play, eliminating a potentially huge source of future gas demand. Gas from the Montney shale play in…
Canadian Heavy Crude Plugs Market Gaps
Canada's struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Organization of the Petroleum Exporting…
Petronas Scraps $29 bln Canada LNG Project
Decision widely expected after long delay, weak prices. Malaysian oil company Petronas has scrapped a proposed C$36 billion ($29 billion) liquefied natural gas (LNG) project in western Canada due to weak prices, in a blow…
TransCanada Beats Street on U.S. Pipeline Performance
TransCanada Corp , Canada's No.2 pipeline operator, reported a better-than-expected profit on Friday, helped by strength in its U.S. natural gas pipelines and liquids pipelines units. Revenue from the company's U.S. natural…
