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Keystone XL project critical to safely delivering energy to U.S.

The American Petroleum Institute issued a statement in support of President Trump’s issuance of a new Presidential permit for Keystone XL (KXL).

Airswift has named V.P., director in North America expansion

Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, is demonstrating significant strategic growth across North America with new hires and senior promotions.

Alberta sees OPEC pricing go from too cheap to too pricey

Trying to fix the crude market has been hard enough for OPEC. Alberta’s go at it is proving a bigger challenge than the oil-rich Canadian province anticipated.

MCEDD 2019 paves the way to realizing a future of increasing demand

Emily Querubin, World Oil

Gulf Quest LLC, a Gulf Energy Information and Quest Offshore JV, is hosting this year’s 16th annual Marine, Construction & Engineering Deepwater Development (MCEDD) conference on April 2–4, at London’s Novotel London West hotel. Once again, attendees can expect to hear about the latest advances in the engineering, development and production of oil and gas in deepwater and ultra-deepwater fields around the globe.

ExxonMobil delays $1.9 billion Canada project amid oil-sands woes

ExxonMobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline space and government-mandated production cuts.

Canadian oil sands' new growth stymied by pipeline delays

Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production.

LNG Canada CEO sees no scenario that would stop its project

The head of LNG Canada said he does “not see a single scenario” that would stop the nation’s largest infrastructure project from getting built, dispelling concerns that the $30 billion gas export facility is at risk of mounting opposition from pipeline foes.

Drillers in fledgling Alberta play shrug off glut

Drillers are moving ahead in a corner of Canada’s oil sands that saw a flurry of land grabs in recent years, unfazed by a glut of crude that depressed prices last year and the mandatory production cuts that followed.

Crescent Point takes $2 billion write-down amid oil swings

Crescent Point Energy wrote-down the value of its assets by $2 billion to account for higher financing costs amid volatile crude prices.

Oil driller weighs sale after Canadian crude collapse

Pengrowth Energy Corp. is considering selling itself as the driller moves to lighten its debt load following a collapse in Canadian oil prices that pummeled the nation’s energy industry.

Canadian oil industry takes fresh hit with key pipeline delayed

Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project.

Enbridge pipeline delayed a year in hit to Canadian oil industry

In a major blow to the Canadian oil industry, Enbridge Inc. now expects the replacement and expansion of its Line 3 crude oil pipeline to be in service about a year later than expected.

Resilient oil sands power Alberta budget through pipeline morass

A relentless increase in production from Alberta’s oil sands and higher crude prices in the first half of the year are powering the province’s budget through a pipeline shortage that has weighed on economic growth.

Oil companies find a way to cash in by not pumping oil in Canada

Alberta oil producers have found a way around production limits imposed on them by the provincial government: buy the right to pump barrels from other companies that don’t need them.

API joins consumer-focused coalition to push Congress to pass U.S-Mexico-Canada Trade Agreement

The American Petroleum Institute announced that it has joined the newly launched USMCA Coalition, backed by over 200 companies and associations across a wide variety of industries, to urge Congress to approve the U.S.-Mexico-Canada Agreement (USMCA).

CAPP statement regarding NEB recommendation that Trans AC

Canada's National Energy Board (NEB) announced its recommendation that the Trans Mountain pipeline expansion project is in the Canadian public interest.

Canadian heavy crude slips as pipeline rationing set to rise

Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge reported that rationing on its heavy oil lines would increase next month.

Alberta expects $1.7 billion profit from crude-by-rail operation

Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture.

TransCanada denied request for some Keystone XL preparations

TransCanada Corp. was partly denied a request to continue some pre-construction work on the Keystone XL oil pipeline while a dispute over the project’s environmental review wends its way through the courts.

Cenovus forges ahead on rail plans as Canadian peers dial back

Cenovus Energy Inc. is forging ahead with plans to expand its rail shipments of crude to U.S. refiners, even as some peers dial back, in a bet that pricing for Canadian heavy crude will soon shift to make those shipments more economical.