Canada ///

Gibson Energy jumps as Canadian crude woes seen boosting tank provider

Gibson Energy surged the most in more than a year after announcing a plan to build 1 MMbbl of new oil-tank space in Western Canada.

Saturn Oil & Gas Inc. increases land position and provides operational update

Saturn Oil & Gas Inc. has successfully bid on certain targeted parcels at the recent Crown land sale, earlier this month.

Canada's energy deal logjam seen buckling amid dismal oil prices

The recent collapse in Canadian oil prices may have a silver lining.

China swoops in on Canadian oil that's $50/bbl below U.S. crude

Chinese oil buyers are making a beeline for a bargain across the Pacific.

Alberta eyes help for energy industry in Canadian crude rout

Alberta Premier Rachel Notley said the province may soon announce more plans to help the local energy industry reap more value from its resources amid a slump in Canadian crude prices.

Noia accepting nominations for 2019 Industry Achievement Awards

Noia has informed its members, the oil & gas industry, and the public that nominations are now being accepted for the 2019 Industry Achievement Awards. Nominations will remain open until 5 p.m. Friday, November 16, 2018, for both the Outstanding Contribution Award and the Rising Star Award.

Pipeline constraints hurt Canadian crude prices

Canadian oil hit a record low relative to U.S. crude, hurt by reduced capacity at American refineries and a jump in production from new oil-sands megaprojects that has overwhelmed the nation’s pipeline system.

Canadian oil pain grows as crude discount to WTI hits $40

Canadian heavy crude’s discount to WTI futures increased to the widest in almost five years, raising the specter of local oil producers curtailing operations.

Bruised Canadian energy sector sees LNG project as first of many

While the LNG Canada facility that was greenlighted Tuesday won’t be operating for years, the battered Canadian energy industry is already hoping that it will be the first of many such plants on the country’s Pacific Coast.

Fluor JV contracted for LNG Canada project

Fluor Corporation has announced that LNG Canada has made the final investment decision to build its liquefied natural gas (LNG) export facility in Kitimat, British Columbia, Canada.

Shell's LNG Canada moves ahead as Asian partners give approval

Two of Shell’s Asian partners in a LNG venture in western Canada approved their share of the investment, pushing the project closer to a final approval.

Cenovus signs oil-by-rail deals amid Canada pipeline pinch

Cenovus Energy Inc. signed deals to transport about 100,000 bpd of heavy crude by rail to the U.S. Gulf Coast from Alberta as a pipeline bottleneck depresses Canadian oil prices.

Shell Canada poised for LNG decision as early as next week

Royal Dutch Shell Plc and its partners are set to announce a decision on their C$40 billion ($31 billion) liquefied natural gas terminal in western Canada as early as next week, amid signs the companies are poised to approve it, according to people familiar with the plans.

Companies in the news

Michele Cowart, World Oil

LLOG Exploration delivered first production from its Crown and Anchor fields in the Gulf of Mexico, during second-quarter 2018.

First oil

Kurt Abraham, World Oil

Moderate, stable growth is in the offing

Canadian shale drillers feel Permian-type pain as prices collapse

The Permian basin isn’t the only oil field facing pressure from pipeline bottlenecks.

Battered oil-sands servicers pin hopes on Shell's LNG project

After years of suffering through plunging energy prices and declining spending by oil-sands companies, Canada’s oilfield-service industry is seeing a light on the horizon.

Massive new mine signals an oil-sands revival

A colossal Canadian oil-sands project may be showing the way forward for an industry many thought would never see new investments.

Canadian crude prices collapse as Alberta glut grows

Canadian crude prices are plunging once again as repairs were completed on Alberta’s second-biggest oil sands upgrader and production surged from a new mine.

Total divests interest in Joslyn oil sands project in Alberta

Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of C$225 million.