Canada ///

Alberta's output-cut mandate may be driving oil prices too high

Alberta’s plan to boost crude prices through mandatory production cuts is working a little too well.

Western Canada spot price surges +70% after mandatory output curbs

Alberta’s oil-production curtailment plan has largely accomplished its mission -- even before it has gone into effect.

Saturn Oil & Gas Inc. has been named top purchaser in recent Crown land sale

Saturn Oil & Gas Inc. is pleased to announce that the company was the top purchaser of acreage in the Kindersley-Kerrobert area at the recent Crown land sale on December 4th, 2018.

Primed-to-pump shale will take OPEC cut but no longer needs it

U.S. shale’s response to OPEC’s decision to cut supply and boost prices: We’ll take it, but we don’t need it.

Pipeline opponents see vindication in Canadian oil patch's woes

As the Canadian oil industry endures its worst crisis ever, a fair share of the blame has been lobbed at environmentalists who oppose pipeline projects.

Oil-sands crisis hits home as Canadian Natural cuts spending

The pipeline shortage that has been strangling the Canadian oil industry is weighing on spending plans for next year, with one major producer slashing its capital budget for 2019 by $750 million (C$1 billion).

Canadian heavy crude surges after Alberta imposes cuts

Canadian heavy crude strengthened the most since June after the Alberta government mandated production cuts across the province.

The next challenge for Canada's oil patch comes from the sea

A new threat looms for Canada’s largest oil producing province, even as it imposes mandatory output cuts to ease a glut that has driven down crude prices.

Alaskan quake affects some oil facilities, but not all

U.S. federal authorities issued an emergency declaration for Alaska after a magnitude 7.0 earthquake struck last Friday, Nov. 30, leaving thousands without electricity and temporarily shutting the state’s most important oil pipeline.

Alberta's Premier has mandated short-term reduction in oil production

Premier Rachel Notley has announced the temporary measure in response to the historically high oil price differential that is costing the national economy more than $80 million per day.

Crude crisis hits growth forecast in Canada's top oil province

Alberta slashed its economic growth forecast for this year and next as plunging prices for local crude threaten to eat into corporate profits and reduce investments.

Alberta's Notley leaves oil industry hanging on output-cut idea

Alberta Premier Rachel Notley reiterated her call for Canadians to support new oil pipelines and improve two energy bills at a speech in Toronto, but made no mention of whether she’ll mandate crude-production cuts.

Alberta works to buy crude rail cars amid record low oil prices

Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices for its energy products.

Canada's oil output is growing despite its pipeline problems

Canada’s lingering crude glut isn’t hindering the country’s growing oil output, according to the National Energy Board’s most recent forecast.

Keystone XL eyes February construction start despite legal woes

TransCanada Corp. is asking a federal judge in Montana to authorize early work on its $8 billion Keystone XL oil pipeline even as the decade-long project faces outstanding legal challenges.

Ensign beats Precision Drilling in bidding war for Trinidad

Ensign Energy Services Inc., the Canadian oilfield-services company partly owned by Murray Edwards, has succeeded in its hostile bid for Trinidad Drilling Ltd.

New rail cars aren't short-term fix for oil crunch, Canadian financial minister says

Canadian Finance Minister Bill Morneau is signaling he won’t cough up money for new rail cars to ship Alberta oil, saying it would take months and wouldn’t solve the current price collapse.

Western Canadians slam lack of aid to oil in Trudeau's budget

Justin Trudeau’s federal budget update stirred some anger in Canada’s oil-rich West.

Enbridge counters claim `air barrels' sent through pipeline

Enbridge Inc. is pushing back at criticism that its procedures for nominating barrels of oil shipped through the company’s pipeline system is partly to blame for depressed Canadian crude prices.

Major storm shuts all of Eastern Canada's crude oil production

A huge low-pressure system that swept through Canada’s Atlantic seaboard last week shut all of the region’s oil production. Only one field has restarted service in the storm’s wake, while another is battling an oil leak.