Enbridge Inc’s Mainline oil pipeline system resumed service overnight after a temporary outage and reduced flow rates due to severe weather in Saskatchewan, Canada, trade sources told Reuters on Wednesday. […]
Read MoreAlberta Premier Rachel Notley speaks to cabinet members about an 8.7 percent oil production cut to help deal with low prices, in Edmonton on Monday December 3, 2018. THE CANADIAN […]
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CALGARY — Oilsands producer Canadian Natural Resources is setting its 2019 capital budget at $1-billion less than its "normalized" range but says it will ramp up spending if heavily discounted […]
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Summary After making new highs in early October, oil prices plunged lower in October and November. For November alone, $WTIC crude oil prices fell -22.0%, $BRENT oil prices fell -21.3%. […]
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Alberta’s decision to mandate output cuts to reduce a supply glut will have negative effects on North American producers of lighter oil used for blending and U.S. refiners importing crude […]
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CALGARY, Alberta, Dec. 05, 2018 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has secured 675,000 gigajoules (GJ) (630 million cubic feet) per […]
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CALGARY, Alberta, Dec. 05, 2018 (GLOBE NEWSWIRE) — Commenting on the Company’s 2019 budget, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “Canadian Natural’s large, diverse, balanced and flexible asset […]
Read MoreAerial view of a well pad at MEG Energy’s Christina Lake oilsands project. Image: MEG Energy Alberta’s mandated oil production cuts have prevented layoffs from at least one Canadian crude […]
Read MoreFor Travis Anderson at All West Crane and Rigging, a BC based company that rents cranes to clients in a wide variety of industries including oil and gas, the timing […]
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Image: Joey Podlubny/JWN The North American fracking market — already expected to be a downer for the holidays — is turning out to be even worse than expected, according to […]
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