http://www.worldoil.com WorldOil Canada’s oil transport shortage solved by new pipelines, reduced demand https://www.worldoil.com/news/2020/6/23/canada-s-oil-transport-shortage-solved-by-new-pipelines-reduced-demand The pandemic-induced oil crash prompted Canadian companies to cut about 1 million barrels of daily crude output, freeing up space on the country’s previously congested pipelines. With that production likely slow to return and as many as three new conduits slated to be built in the next three years, the industry may have years of cheap, plentiful shipping capacity ahead. 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. Weekly Preview podcast: How prepared is the industry for an oil price rebound? https://www.worldoil.com/news/2020/5/29/weekly-preview-podcast-how-prepared-is-the-industry-for-an-oil-price-rebound Our look ahead the coming week, including how drillers' ability to react to an increase in oil and gas demand could be impacted by technical and manpower limitations, and what key OPEC players have in store for the first week of June. Enbridge cuts jobs, defers capex spend as falling demand limits oil flows https://www.worldoil.com/news/2020/5/7/enbridge-cuts-jobs-defers-capex-spend-as-falling-demand-limits-oil-flows Enbridge Inc., North America’s largest pipeline operator, is cutting jobs, lowering executive pay and deferring some capital spending as measures to fight the Covid-19 virus reduce oil flows on its system and slow down construction. ConocoPhillips curtails U.S., Canadian production, extends spending cuts https://www.worldoil.com/news/2020/4/16/conocophillips-curtails-us-canadian-production-extends-spending-cuts ConocoPhillips is voluntarily curtailing 225,000 gross boepd, and reducing cash usage by more than $5 billion in 2020. Canadian operators cut nearly $2.5 billion from 2020 budgets https://www.worldoil.com/news/2020/3/15/canadian-operators-cut-nearly-25-billion-from-2020-budgets Canadian oil and gas companies are cutting C$2.4 billion to C$3.5 billion ($1.7 billion-$2.5 billion) from their budgets for this year as low prices make most production unprofitable. Ovintiv faces investor test on shale after rebranding from Encana https://www.worldoil.com/news/2020/1/29/ovintiv-faces-investor-test-on-shale-after-rebranding-from-encana Now based in Denver, Ovintiv Inc. will update investors Wednesday on its progress for the shale oil assets in Oklahoma it amassed after the $5.5 billion acquisition of Newfield Exploration Co. in 2018. The last barrel https://www.worldoil.com/magazine/2020/january-2020/columns/the-last-barrel Hope for the Canadian oil industry? Canadian gas prices rise after new pipeline rules dampen volatility https://www.worldoil.com/news/2020/1/14/canadian-gas-prices-rise-after-new-pipeline-rules-dampen-volatility Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change on a key Alberta pipeline system last year helped better manage flows of the fuel. Canadian crude-by-rail shipments ready to surge, spurring new investment https://www.worldoil.com/news/2019/12/19/canadian-crude-by-rail-shipments-ready-to-surge-spurring-new-investment Crude-by-rail capacity in Alberta is expected to grow by 100,000 bpd in December after the provincial government eased production limits for oil transported by train, the Energy Ministry said Wednesday.