01 April

Alberta oil well in canola field Canadian heavy crude’s discount widened versus U.S. benchmark West Texas Intermediate (WTI) oil on Wednesday, the first day of the monthly trading cycle. Western Canada Select (WCS) heavy blend crude for May delivery in Hardisty, Alberta, traded at $16.65 per barrel below WTI, according to NE2 Canada Inc, wider […]

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01 April

CALGARY – Canadian billionaire energy mogul and Calgary Flames owner Murray Edwards is on the move again, relocating this time from rainy London to the posh Swiss ski resort town of St. Moritz. Canadian billionaire energy mogul and Calgary Flames owner Murray Edwards. Edwards is the executive chairman and a founder of Canadian Natural Resources […]

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01 April

CALGARY, Alberta – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces the termination of its previously announced disposition of its oil and natural gas interests in the Foothills area (the “Disposition”). Petrus has been advised in writing by the purchaser that they are terminating the asset purchase and sale agreement (the “Agreement”) providing […]

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31 March

The Keystone XL pipeline, which would carry 830,000 barrels of crude per day from Alberta, Canada to the Midwest region of the United States, has been delayed for more than a decade by opposition from landowners, environmental groups and Native American tribes [File: Lucy Nicholson/Reuters] Despite this year’s crash in crude prices, TC Energy Corp […]

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31 March

A seepage pipe is seen at Syncrude Canada Ltd.’s oil sands processing facility in Fort McMurray, Alberta, Canada, on Tuesday, June 29, 2010. The Syncrude Project is a joint venture between Canadian Oil Sands Ltd., Imperial Oil Ltd., Mocal Energy Ltd., Murphy Oil Company Ltd., Nexen Inc., China Petrochemical Corp. (Sinopec) and Suncor Energy Inc. […]

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31 March

Construction will lead to thousands of new jobs, billions in economic stimulus and enhanced North American energy security CALGARY, Alberta and HOUSTON, March 31, 2020 (GLOBE NEWSWIRE) — – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it will proceed with construction of the Keystone XL […]

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31 March

CALGARY, Alberta–(BUSINESS WIRE)–Imperial today provided an update on its operations and corporate guidance in response to the market conditions resulting from the COVID-19 pandemic and decreases in commodity prices. “The current COVID-19 pandemic, as well as business and commodity price environment, poses many challenges for our industry,” said Brad Corson, chairman, president and chief executive […]

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31 March

Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing, Oklahoma. CALGARY – Canadian heavy oil prices plunged to a new low on Friday that could force domestic oilsands sector to shut in production to survive the historic collapse, according to a new report from Wood Mackenzie. The price of […]

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31 March

dan_prat via Getty Images In this undated stock photo, an aerial view of a large oil refinery is seen along the Athabasca River near Fort McMurray, Alta. CALGARY — Analysts say oilsands producers are likely losing money or barely breaking even as prices for Western Canadian Select bitumen-blend crude dipped as low as US$3.82 per […]

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30 March

Jaime Carrasco discusses Suncor Josef Schachter discusses Cenovus Energy Suncor slashes spending plans amid COVID-19 pandemic CALGARY — Budget cutting in response to the twin challenges of COVID-19 demand destruction and low oil prices mean the world’s oil and gas industry will likely spend less on renewable energy going forward. But a report from consultancy […]

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