http://www.worldoil.com WorldOil Lower Mexican output in 2021 will raise Canadian heavy oil prices https://www.worldoil.com/news/2020/10/22/lower-mexican-output-in-2021-will-raise-canadian-heavy-oil-prices Oil sands producers will benefit from less output of competing crude from Latin America as Pemex expects to cut exports while Venezuelan supplies remain off limits due to U.S. sanctions. Canada’s oil majors feel the pain as energy stocks take a beating https://www.worldoil.com/news/2020/10/2/canada-s-oil-majors-feel-the-pain-as-energy-stocks-take-a-beating “The recent near-death experience for some heavy oil producers is a good reminder that investors should focus on companies with strong balance sheets, ample liquidity, robust cost structures, and low sustaining capital requirements,” BMO Capital Markets analyst Randy Ollenberger said in a report. Canadian crude prices rise following diluent pipeline shutdown https://www.worldoil.com/news/2020/9/2/canadian-crude-prices-rise-following-diluent-pipeline-shutdown Heavy Canadian crude rose after a spill led to the shutdown of a pipeline that supplies diluent to two major oil-sands sites in Alberta. Trump lets Keystone line ship more oil as expansion plans stall https://www.worldoil.com/news/2020/7/30/trump-lets-keystone-line-ship-more-oil-as-expansion-plans-stall The Trump administration will allow the existing Keystone pipeline to carry more oil-sands crude into the Midwest and U.S. Gulf Coast while the conduit’s decade-old expansion project faces renewed legal hurdles. Total writes down $7 billion of Canadian oil sands assets in decarbonization push https://www.worldoil.com/news/2020/7/29/total-writes-down-7-billion-of-canadian-oil-sands-assets-in-decarbonization-push Total announced an $8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the long-term viability of some oil and gas assets. About $7 billion applies to Canadian oil sands, which are costlier and more carbon intensive than conventional fields. Cenovus leverages tax credits for record oil-sands output https://www.worldoil.com/news/2020/7/27/cenovus-leverages-tax-credits-for-record-oil-sands-output The market for production credits formed at the start of last year, when Alberta ordered its largest oil producers to curtail production to alleviate a glut caused by too much oil flowing into too few pipelines. O’Regan says Canada working with U.S. to advance pipeline plans https://www.worldoil.com/news/2020/7/24/o-regan-says-canada-working-with-us-to-advance-pipeline-plans Canada’s Natural Resources Minister Seamus O’Regan said he’s in talks with the U.S. Secretary of Energy Dan Brouillette about finding a path to move ahead with oil pipeline projects, the Globe and Mail reported. Canada restarts 200,000+ barrels of shut-in oil sands production https://www.worldoil.com/news/2020/7/8/canada-restarts-200-000plus-barrels-of-shut-in-oil-sands-production At least 20% of shut-in Canadian production is being restored, just months after the price crash forced producers in Alberta’s oil sands to slash up to 1 million barrels a day of output. U.S. pipeline challenges “pretty disturbing” for oil producers in Canada https://www.worldoil.com/news/2020/7/7/us-pipeline-challenges-pretty-disturbing-for-oil-producers-in-canada Crude from Canada's oil sands is almost entirely shipped through U.S. pipelines to refineries in the Midwest and Gulf Coast. The lack of enough shipping capacity has been the dominant problem facing the industry for the past several years. Canadian banks’ exposure to oil surges as credit lines are tapped https://www.worldoil.com/news/2020/6/4/canadian-banks-exposure-to-oil-surges-as-credit-lines-are-tapped Canadian banks’ exposure to oil and gas loans has surged to a record as energy firms tapped credit lines to combat plunging oil prices.