Canada ///

Schulich buys 5% of MEG Energy despite Canadian energy concerns

Canadian investor Seymour Schulich bought 5% of MEG Energy for the first time “in the last couple of weeks,” underscoring his bullish view on energy.

Emotions remain high in Alberta’s oil and gas sector

It’s been two days now, since a large crowd gathered in the outdoor exhibit area of the Global Petroleum Show (GPS), at Calgary’s Stampede Park, to participate in a pro-pipeline, pro-oil rally.

Alberta’s Kenney offers Canadian industry optimism

Speaking to the 51st annual Global Petroleum Show in Calgary on Tuesday, Alberta Premier Jason Kenney tried to paint a picture of a brighter future for a Canadian E&P industry weary after several years of depressed activity.

ION expands 2D multi-client program offshore Newfoundland

ION Geophysical Corporation has announced an expansion to the Company's 2D multi-client program offshore Newfoundland, Canada.

Canadian Natural Resources restarts operations following wildfires

Canadian Natural Resources Limited has provided an update on its Pelican Lake and Woodenhouse operations. The Company has now been able to gain access to its wells and facilities in these areas, following the previously announced evacuation due to local wildfires.

Oil woes have Calgary landlords turning empty offices into apartments

When the lease on an Alberta Health Services office in Calgary came due for renegotiation two years ago, the rental market was so bad that trying to keep the tenants wasn’t worth it.

Alberta’s oil supply cuts find a sweet spot

Alberta may have finally found the right level for its oil curtailment program that has sent local oil prices on a roller coaster for the last few months.

World of oil and gas

Emily Querubin, World Oil

Several months ahead of schedule, Shell Offshore Inc., a Royal Dutch Shell subsidiary—alongside partner CNOOC Petroleum Offshore SA, Inc., a subsidiary of CNOOC Limited—has begun producing at its Appomattox floating production system.

IHS Markit: Total oil sands production will be nearly 1 MMbbl higher by 2030

Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Nevertheless, total production is expected to reach nearly 4 MMbpd by 2030 – nearly one million more than today, according to a new 10-yr production forecast by business information provider IHS Markit.

Oil in Alberta jumps most this year as fires shut output

Canadian heavy oil in Alberta surged the most since December after wildfires forced a second producer in the region to shut in some operations.

Canadian Natural shuts heavy-crude operations as wildfires spread

Canadian Natural Resources Ltd. has evacuated its Pelican Lake and Woodenhouse operations in northern Alberta in the first major shut-in of oil production triggered by wildfires this year.

EIA: Canada is a key energy trade partner to the U.S.

Canada is the largest energy trading partner with the United States based on the combined value of energy exports and imports.

Canadian Natural closer to "King of oil sands" with Devon purchase

Canadian Natural Resources Ltd. can’t yet claim the “King of the Oil Sands” status, but it’s a lot closer to overtaking its rival Suncor Energy Inc. after buying a key Athabasca drilling site.

Canadian Natural Resources buys Devon's Canada unit for $2.8 billion

Canadian Natural Resources agreed to buy the Canadian business of Devon Energy for $2.8 billion, gaining heavy-oil assets in the province of Alberta.

Matrrix sells directional drilling assets, focuses on drilling rig division

Matrrix Energy Technologies Inc. is pleased to announce that it has sold all of the assets related to its directional drilling division for approximately $1.5 million cash to a private directional drilling provider.

Texas money reaches Canada's oil patch as majors exit

Texas money is flowing to Canada’s oil sands at a time when big international companies are pulling out.

Trudeau’s pipeline expansion gets boost from court ruling

Prime Minister Justin Trudeau's bid to complete the controversial Trans Mountain pipeline expansion has received a British Columbia top appeals court ruling that states that the province doesn’t have the jurisdiction to restrict shipments of oil-sands crude.

Canada’s first Tier 4 final service rig

Built by CARE Industries, Canada’s first Tier 4 final-certified service rig was recently delivered to Compass Well Servicing in Red Deer.

TGS and PGS announce Torngat 3D offshore East Canada

TGS and PGS announce the Torngat 3D multi-client project in Offshore East Canada.

Senate Committee votes down Canadian oil tanker moratorium

The Senate Standing Committee on Transportation has voted to defeat Bill C-48, the Oil Tanker Moratorium Act.