WorldOil Clariant Oil Services launches WAXTREAT SubZero Pour Point Depressant technology for cold climate regions WAXTREAT SubZero is a winterized PPD with customization capabilities, enhancing performance, while mitigating paraffin build-up, in crude oil pipeline systems, at the same time reducing OPEX requirements associated with pipeline cleaning. Saudi disruption leaves Canada’s biggest refinery vulnerable Nearly all of the kingdom’s oil shipments to Canada travel to New Brunswick, home to a single refinery, Irving Oil Ltd.’s Saint John plant, which can process about 299,000 bpd. The refinery relied on Saudi crude for more than 40% of its supplies in July, Statistics Canada data show. As oil gets volatile, Alberta goes on offensive to draw investors Alberta Premier Jason Kenney, whose province produces more oil than most OPEC nations, has a message for environmentalists, investors and anyone else who will listen: The world needs more Canadian crude, and standing in the way is foolish. Alberta’s government sees production curtailment exemptions possible Alberta Premier Jason Kenney says it’s likely his government will allow oil producers to exceed their provincially imposed output caps if they can ship those extra barrels by rail. Hatch acquires Upside Engineering Hatch announced that Upside Engineering Ltd. has joined Hatch Ltd., bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established firm that specializes in midstream hydrocarbon business. Encana promotes new president, other key leadership roles Encana Corporation announced changes to its executive leadership team, including the promotion of Michael McAllister to president, Brendan McCracken to executive vice president – corporate development and external relations and Greg Givens to chief operating officer. These changes are effective immediately. Encana to buy back $213 million of its shares Encana Corporation has completed its bid purchase for cancellation 47,333,333 of its common shares for approximately US$213 million. Canadian regulators, producers scrutinize Enbridge’s oil-shipping plan Enbridge’s proposed shift to long-term crude shipping contracts on its Mainline pipeline network is drawing the ire of a growing number of producers, and now Canada’s energy regulator is getting involved, which could delay the process. Foreign oil firms bailing on Canada in $30 billion exodus Capital keeps marching out of Canada’s oil industry, with Kinder Morgan’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years. Hong Kong billionaire’s Husky bet loses over 80% in a decade Hong Kong billionaire Li Ka-shing’s oil sands investment is hurting -- and some analysts are calling on him to stop the bleeding.