Canada ///

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

Canadian energy stocks ‘decoupling’ from oil price movements

The days when energy stocks and the price of oil moved in lockstep are now few and far between. Oil may go up but stocks still fall, and in Canada it’s the worst divergence on record.

Innovation continues to pull Newfoundland and Labrador’s offshore sector forward

Kurt Abraham, World Oil

Activity may pick up to near-record levels in the next several years, as the province continues to encourage technical innovation.

Alberta’s oil limits finally seem to be working

Alberta’s oil production curbs finally appear to be draining inventories, at least for now.

U.S. Oil Giants Exxon, Chevron get boost from tax cut in Canada

A corporate tax rate cut in the oil-rich province of Alberta, boosted Exxon’s second-quarter profit by almost $500 million, according to a statement Friday. Chevron noted a $180 million non-cash tax benefit from the measure in its report.

Pipelines make room to meet increased demand for Canadian crude

U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them.

Alberta eases oil production limit as it exports more crude

Alberta has relaxed the production limits it imposed on oil producers as it exports more barrels via rail and pipeline.

Halliburton cutting frac jobs, equipment in U.S. and Canada

Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by shelving unused frac gear and cutting jobs in North America.

Canadian heavy crude surges as rail shipments increase

Heavy Canadian crude prices narrowed to the smallest discount against U.S. benchmark futures since April as rail shipments increase.

Chevron seeks to turn Canada LNG plan into all-electric design

Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world.

Cenovus Energy reaches production milestone in northern Alberta

Cenovus Energy Inc. has announced that on July 10, 2019, the company reached 1 Bbbl of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce 1 Bbbl of oil using steam-assisted gravity drainage (SAGD) technology.

World of oil and gas

Emily Querubin, World Oil

Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin.

Devon Energy completes sale of Canadian business

Devon Energy Corp. has announced that it has completed the sale of its Canadian business to Canadian Natural Resources Limited for $2.8 billion.

OPEC member fans out to Australia, Canada in global gas push

Kuwait plans to boost production from Canadian shale deposits by two thirds and increase output of natural gas in Australia as the OPEC member ramps up efforts to find and develop overseas deposits of the fuel.

TGS, PGS partner with Bain Geophysical to create crustal study offshore East Canada

Building on their decade-long partnership for Eastern Canada seismic/gravity surveys, TGS and PGS have announced a partnership with Bain Geophysical Services to create a new regional study of the crust offshore Newfoundland and Labrador.

TGS, PGS announce Jeanne d’Arc HD3D project offshore Newfoundland

TGS and PGS announce the Jeanne d’Arc High Density 3D (HD3D) multi-client project offshore Newfoundland, East Canada.

ExxonMobil looks at encouraging upstream future in Newfoundland and Labrador

As the annual meeting of the Newfoundland and Labrador Oil and Gas Industries Association (Noia) proceeded through its first sessions on Tuesday, attendees heard encouraging words about future activity in the province from several operators.

Trudeau approves Trans Mountain pipeline expansion

Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups.

NOIA CEO addresses National Press Gallery regarding Bill C-69

Today in Ottawa, Noia CEO Charlene Johnson addressed the National Press Gallery regarding Bill C-69.

Trudeau poised to advance pipeline to quell oil industry furor

Justin Trudeau is poised to give the green light to a major crude pipeline as he faces rising calls to support Canada’s struggling oil industry.