Canada ///

Cenovus closes in on paying off Conoco deal with asset sale

Cenovus Energy Inc. agreed to sell its Palliser crude field to Schlumberger Ltd. and Torxen Energy for C$1.3 billion ($1.04 billion), advancing efforts to pay down debt from its oil-sands mega deal earlier this year.

Canadian oil's high-priced run set to end as supply surges

Canadian oil-sands producers enjoying the strongest market for heavy crude since 2008 will soon face a renewed glut.

BNP Paribas to halt shale oil financing

BNP Paribas SA promised to stop financing shale and oil sands projects as part of its latest efforts to tackle climate change.

TransCanada ends pipeline project, sees $801 million charge

TransCanada has scrapped its Energy East Pipeline and Eastern Mainline projects, oil and natural gas conduits that have faced regulatory hurdles in Canada and stiff opposition from environmental groups.

Cubility signs distribution agreement for solids control technologies in U.S., Canada

Cubility AS, a provider of solids control solutions that improve drilling efficiency, solids control and HSE around the drilling process, has announced two exclusive distribution partnerships with Calgary-based New Tech Solids Inc and Houston-based Stage 3 Separation.

Cheap option to the oil sands emerges as hot play in Canada

Just 125 mi southwest of the Fort McMurray oil-sands hub in northern Alberta, investors are rushing to secure rights to land that produces crude at much lower costs than the massive operations the region’s known for. That’s because beneath the area’s characteristic oil-rich soil, which requires expensive extraction and refining techniques, there’s crude trapped between layers of rock that can be pumped with conventional gear.

Cenovus sparks best Canada stock gain in 14 months on oil rally

Encana Corp. and Cenovus Energy Inc. led Canadian stocks to their biggest monthly rise since July last year and analysts see more gains to come as oil moves higher and the economy posts its fastest growth in six years.

Shale drillers, oil sands producers need crude above $50/bbl for boom to last

Shale drillers and oil sands producers have posted some healthy profits so far this year, but it’ll take oil consistently above $50/bbl for their investments to pay off in the long run.

Starved for capital, Canada oil patch puts exploration on pause

If you think it’s hard for tech startups to get funding, try being an oil driller in Canada.

Cenovus sells to Lundin empire to help pay off ConocoPhillips deal

Cenovus Energy Inc. is selling oil and gas assets in Southern Alberta to the Swedish-Canadian Lundin family’s commodities empire, the latest effort to pay the tab on its takeover of ConocoPhillips’ oil-sands operations.

Japan's Cosmo Oil Co. seeks Canada's ‘game-changer’ crude supply

After years of economic malaise spurred a wave of cutbacks, closures and mergers that reshaped the refining industry in the world’s fourth-biggest oil user, Japan’s Cosmo Oil Co. is reckoning with the aftermath.

Scorching-hot American Midwest burns the most Canadian gas since May

The U.S. Midwest is sizzling and it’s taking all the natural gas it can get from Western Canada to keep cool.

Canada gas set to strike back against U.S. shale as glut eases

Canadian natural gas, locked in a fierce battle for market share with U.S. shale, may stage a modest recovery as output from some longtime producers wanes and pipeline maintenance ends.

NuVista Energy provides operational update, Pipestone well test results

NuVista Energy Ltd. has provided a significant operational update, including the startup at Bilbo block--its largest pad drilled to date; powerful IP30 success from Elmworth block high intensity fractured wells (HiFi); the successful and on-time conclusion of the Keyera Simonette gas plant planned turnaround; and the achievement of a compelling well test in our emerging Pipestone block.

Calima Energy advances its liquids-rich Montney play

Calima Energy Limited continues to advance the liquids rich Montney play and has licensed a high-quality 3D seismic database covering a significant portion of Calima’s landholding.

Canadian Natural Resources buys Cenovus' Pelican Lake project for $787 million

Canadian Natural Resources Ltd. agreed to buy Cenovus Energy Inc.’s Pelican Lake heavy-oil project and other assets in northern Alberta for C$975 million ($788 million), bulking up its operations in the area.

Fracing frenzy shifts to thrift in Canada race to tap shale

After starting the year at a torrid pace, the explorers of Canada’s shale riches are taking a step back, much like their peers in the Permian basin south of the border.

TechnipFMC awarded EPCI contract for the Husky Energy West White Rose project in Canada

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada.

Energy Transfer suit claims Greenpeace incites eco-terrorism with Dakota Access interference

Energy Transfer Partners LP accused Greenpeace International, Earth First! and other groups of inciting terrorist acts and vandalism to generate publicity and raise money for their causes while hampering the Dakota Access pipeline majority owner’s ability to raise money for projects.

Apache Corp. completes strategic exit from Canada

Apache Corporation has announced that it has completed the previously disclosed sale of its Apache Canada Ltd. subsidiary to Paramount Resources Ltd.