Canada ///

Canadian rail union discussions near deadline as strike looms

Canadian Pacific Railway is trying to hammer out a deal with two unions to avoid a labor strike that threatens to disrupt Canada’s second largest railroad for the second time in three years.

Trudeau is set on saving oil pipeline

Canadian Prime Minister Justin Trudeau and Alberta Premier Rachel Notley have signaled they could put money behind Kinder Morgan’s Trans Mountain pipeline expansion as they vow to make sure it gets built.

Canadian oil recovery faces new threat from possible railroad strike

A potential strike by Canadian Pacific Railway workers threatens a recovery in Alberta’s discounted heavy oil prices.

Oil cutoff threatened as Canada provinces feud over pipeline

Canada’s inter-provincial fight over the Trans Mountain pipeline escalated as oil-producing Alberta threatened to cut off fuel shipments to neighboring British Columbia.

Fidelity likes CP rail for crude opportunity amid pipeline spat

A $5.5 billion investment fund is buying railroad stock as a pipeline spat increases the likelihood that companies will need rail to get their oil to market.

Alberta plan to cut oil shipments would ripple across west coast

Alberta’s plan to cut crude shipments to BC could cause pump prices to surge and shift the flow of international crude.

Vermilion to buy Spartan Energy for $860 million in stock

Vermilion Energy agreed to buy Spartan Energy for $860 million in stock in the largest oil and gas company takeover in Canada this year.

Trudeau seeks talks with Kinder to get pipeline to Pacific built

Prime Minister Trudeau plans to start talks with Kinder Morgan to backstop the Trans Mountain pipeline after failing to end a spat between Canadian provinces that put the project at risk.

"Extinction" predicted for Canada energy industry without M&A

Investors have bailed on the Canadian energy sector, although mergers & acquisitions (M&A) north of the border could provide a much needed catalyst, barring pipeline and political developments.

Canadian GDP unexpectedly shrinks as oil and housing output drop

Canada’s gross domestic product unexpectedly shrank in January, as the economy faces a broad slowdown after surging last year. GDP contracted 0.1% during the month, Statistics Canada reported Thursday in Ottawa, weighed down by sharp declines in oil production and real estate. Economists anticipated a 0.1% gain.

UTEC provides operator with real-world, virtual access to Canada's largest FPSO

UTEC, a global survey company in subsea services group Acteon, has delivered a bespoke Virtual Asset Management tool to an offshore Operator in Eastern Canada, to allow its team to remotely access its Floating, Production Storage and Offloading (FPSO), from their desktop.

Alberta looks beyond oil as crash leaves balanced budget far off

Alberta is looking beyond its oil industry as it works to end years of red ink. Still, a recovery to balanced budgets is a long ways off.

Shell wooed by British Columbia with tax cuts for LNG project

British Columbia Premier John Horgan lightened the tax burden on proposed liquefied natural gas projects as his government seeks to convince Royal Dutch Shell Plc to move ahead with a C$40 billion ($31 billion) development in the western Canadian province.

Texas Alliance contacts Trump regarding NAFTA negotiations, steel tariffs

The Texas Alliance of Energy Producers continues to monitor NAFTA trade negotiations and steel tariffs. It was just last month the TAEP Board passed a resolution asking the U.S. government to recognize the importance of oil and gas exports under NAFTA.

Canadian crude is finding a new way to Asia without a pipeline

Canadian oil producers found a way to access the growing Asian energy market without the controversial Trans Mountain pipeline.

Canadian oil curve indicates glut relief may be on the way

A lingering Canadian heavy crude glut may be nearing its end.

Oil sands upgraders may make a comeback amid pipeline crisis

Turning Canada’s heavy oil sands into a more marketable kind of crude is making a comeback, or rather half a comeback.

Cenovus CEO optimistic rail will help clear Canadian crude glut

Rail companies will start shipping more western Canadian crude by mid-year, helping clear a glut that’s devastated prices, Cenovus Energy Inc. CEO Alex Pourbaix said in an interview.

Hexion completes Canadian proppant manufacturing plant expansion

The Oilfield Technology Group (OTG) of Hexion Inc. today announced the completion of its resin-coated proppant manufacturing plant expansion in Canada.

IEA: Record oil output from U.S., Brazil, Canada and Norway to keep global markets supplied

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency's latest annual report on oil markets.