Steam rises from the Syncrude Canada Ltd. facility in the Athabasca oil sands near Fort McMurray, Alberta, Canada, on Sunday, Sept. 9, 2018. , Ben Nelms/Bloomberg See Full Stock Page » CALGARY — The Alberta government has approved an application by Suncor Energy Inc. to build a 40,000-barrel-per-day thermal oilsands project but construction is unlikely […]
Read MoreThe Alberta provincial government said on Wednesday that it had approved Suncor Energy’s Meadow Creek West oil sands project, although other approvals are still needed. The 40,000-barrel-per-day project planned near Fort McMurray, Alberta, requires environmental licenses and development permits, and Suncor has not yet made a final decision on whether to build it. (Reporting by […]
Read More(Adds strategist quotes and details throughout; updates prices) * Canadian dollar rises 0.2% against the greenback * Canada’s annual inflation rate rises to 2.4% in January * Price of U.S. oil increases 2.4% * Canadian bond yields rise across a steeper yield curve By Fergal Smith TORONTO, Feb 19 (Reuters) – The Canadian dollar strengthened […]
Read More(Reuters) – Canada’s main stock index touched a new high on Wednesday, boosted by gains in energy stocks from a drop in new coronavirus cases in China that eased fears of falling crude oil demand. * At 09:39 a.m. ET (14:39 GMT), the Toronto Stock Exchange’s S&P/TSX composite index <.GSPTSE> was up 4.18 points, or […]
Read MoreA judge has ordered Alberta Premier Jason Kenney’s cabinet to decide whether Prosper Petroleum Inc. can build an oil sands project following nearly 20 months of deliberation. Privately held Prosper sued the government, saying the lengthy delay in making a final go-ahead decision following the project’s regulatory approval put it in financial hardship. $1.99 per […]
Read More(Reuters) – Canada’s main stock index touched a new high on Wednesday, boosted by gains in energy stocks from a drop in new coronavirus cases in China that eased fears of falling crude oil demand. * At 09:39 a.m. ET (14:39 GMT), the Toronto Stock Exchange’s S&P/TSX composite index <.GSPTSE> was up 4.18 points, or […]
Read MoreOTTAWA – Federal opposition parties are promising new information about the price of the Trans Mountain pipeline at a morning news conference in Ottawa. Environment critics from the Bloc Quebecois and the NDP, and the Greens’ leader in the House of Commons Elizabeth May, say they’ll sound the alarm about ballooning costs on the project. […]
Read MorePart of the dormant Cameron Hills oil and gas project south of Kakisa, N.W.T.. The owner, Strategic Oil and Gas, is being wound down and there are doubts whether it has the resources to clean up the property. (Mackenzie Valley Land and Water Board photo) A troubled oil and gas company that has wells in […]
Read MoreSmoke billows up from a derailed Canadian Pacific Railway train near Guernsey, Sask., on Thursday, February 6, 2020. (THE CANADIAN PRESS) Industry experts are reacting to the latest moves by Transport Canada and the Transportation Safety Board of Canada to reduce the risk of train crashes, following two recent oil train derailments near the same […]
Read MoreUS efforts to starve Venezuela’s Maduro regime of oil revenues have substantially increased the role of Russian energy in the US Gulf Coast, an outcome the Trump administration likely never anticipated when it put sanctions in place over a year ago. The situation has created a significant shift in product flows into Gulf Coast refineries […]
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