Canada ///

Encana picks Denver for new HQ as it decamps from Canada to U.S.

The move to Denver was widely anticipated because Suttles, a Texan, relocated his residence there in March 2018, though the company also has a major office in Houston.

When green wins, a nation’s industry suffers

Well, it has finally happened. A perfect combination of overly aggressive environmental activism, combined with fumbling by governmental authorities, has incapacitated the Canadian oil industry. (World Oil Editorial)

Encana changing its name, moving headquarters to the U.S.

"A domicile in the United States will expose our Company to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align us with our U.S. peers," said CEO Doug Suttles.

Energy unease and bigger deficits in the cards for Canada under a Trudeau minority

Larger federal deficits and continued uncertainty for the energy sector are in store for Canada after Prime Minister Justin Trudeau won a second term on Monday, investors and analysts say.

Canadian heavy oil falls as Alberta crude-by-rail deal nears

Canadian heavy oil prices have weakened ahead of an anticipated announcement that Alberta will ease production limits in exchange for shipping more crude by rail.

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.