Alberta
News
May 08, 2023
The fires are affecting energy production in the region, which accounts for most of Canada’s hydrocarbon exports. One community under evacuation order as of Sunday was Fox Creek, a major center for light oil and gas drillers.
News
April 18, 2023
Located in northern Alberta, Fort Hills is Canada’s newest oil-sands mine. The site began operation about five years ago and produced about 164,000 bpd last year, AER data show.
News
March 28, 2023
The purchase will add 600 drilling locations and 38,000 boe of production. The cash acquisition — which will be financed through Crescent Point’s existing credit facilities — immediately adds to key per-share cash flow metrics, the company said.
News
March 06, 2023
Mike Nicholson, IPC's CEO, comments, “We are very pleased to complete the acquisition of almost 16 MMboe of proved plus probable reserves adjacent to our existing Suffield area assets in Alberta."
News
February 22, 2023
Pathways Alliance members have awarded a $10 million contract to Wood, a global engineering and consulting company, to develop detailed plans for a 400-kilometre CO2 transportation line that will eventually link more than 20 oil sands facilities with a hub for permanent carbon storage in the Cold Lake, Alberta region.
News
February 06, 2023
The acquired assets have a forecast average net production of about 4,000 boepd for 2023. The acquisition also includes drilling locations close to IPC’s current operation areas in southern Alberta.
News
January 30, 2023
TotalEnergies EP Canada Ltd acquired an additional 6.65% interest in the Fort Hills Energy Limited Partnership and associated sales and logistics agreements from Teck Resources Limited, for a consideration of $233.39 million.
News
September 13, 2022
Deltastream Energy Corp.’s gamble six years ago on drilling for oil in a heavily forested area of northern Alberta with no pipeline links paid off with a C$1.8 billion ($1.4 billion) return for investors, according to its chief executive officer.
News
May 17, 2022
Canada’s oil production could increase by 900,000 barrels a day to make up for supply losses from Russia’s war in Ukraine, according to the premier of the province of Alberta.
News
January 14, 2022
Canada is preparing to roll out a tax credit for investments in carbon capture, a key step to reduce greenhouse-gas emissions from its oil sands, and will soon outline its 2030 goals for pollution cuts.
News
January 13, 2022
Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.
News
January 07, 2022
Canada's oil sands producers were able to export a record amount of crude to overseas markets thanks to a new link to the U.S. Gulf Coast.
News
January 21, 2021
Jason Kenney said Justin Trudeau should demand the new U.S. administration sit down and discuss the project in the context of environmental, climate and security policy. If that fails, Canada should be willing to impose “meaningful” punitive measures against its biggest trading partner.
News
January 15, 2021
Efforts by Canada’s government to hire a firm to do a financial analysis of its Trans Mountain pipeline and a facilitator to help indigenous communities have rankled at least one group in British Columbia.
News
January 04, 2021
In a statement posted on Twitter, Jason Kenney announced that one cabinet minister, Tracy Allard, along with his chief staff will be stepping down from their posts after revelations the two traveled abroad in recent weeks.
News
November 12, 2019
Repsol SA is looking as far away as Western Canada for oil for its European refineries amid dwindling supplies from Mexico and Venezuela.
News
November 08, 2019
Alberta loosened crude-oil production limits for the second time in two weeks, exempting new conventional wells from output caps in a bid to spur drilling and boost employment.
News
October 31, 2019
The move is a boon to explorers constrained by the curtailment program imposed this year to stave off a collapse in western Canadian heavy crude prices brought on by a lack of pipeline space.
News
October 08, 2019
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.
News
September 25, 2019
A Canadian federal court on Tuesday blocked an Alberta law that would have allowed the oil-producing province to cut or reduce fossil fuel shipments to its neighbor amid a dispute over the planned expansion of the Trans Mountain Pipeline.
News
September 17, 2019
Alberta Premier Jason Kenney, whose province produces more oil than most OPEC nations, has a message for environmentalists, investors and anyone else who will listen: The world needs more Canadian crude, and standing in the way is foolish.
