CAPP predicts oil and gas capital spending could grow by $6 billion this year A natural gas well-pad at Shell Canada’s Groundbirch operations in northeastern B.C. | Nelson Bennett North […]
Read More(Bloomberg) — Canadian taxpayers will lose money from Prime Minister Justin Trudeau’s decision to nationalize a pipeline after costs escalated amid delays in expanding the system, according to the country’s […]
Read MoreJune 22 (Reuters) – The Canadian government-owned Trans Mountain oil pipeline is no longer profitable after cost over-runs and delays to its expansion project, the country’s parliamentary budget officer (PBO) […]
Read More© Ben Nelms/Bloomberg | Athabasca oil sands near Fort McMurray, Alberta, Canada When Joe Biden scrapped a permit for the huge Keystone XL pipeline just hours after entering the White […]
Read MoreGas prices continued to hit fresh record highs in the U.S. last week, just ahead of the busy summer travel season. Higher fuel costs impact every part of the economy, […]
Read MoreSt. John’s, Newfoundland, April 2019: Drilling risers and vertical pipes used in offshore oil operations sit on a platform. Photo by Dolores M. Harvey/Shutterstock On May 31, Cenovus announced it […]
Read MoreCourt proceedings related to the Trans Mountain pipeline expansion (TMX) continue to showcase what many observers recognize as overzealous, abusive prosecutions of Indigenous people. Photo by shutterstock Last month, Canada’s […]
Read MoreWritten by Summary The EIA reported Brazil’s January production increased by 194 kb/d to 3,032 kb/d. The EIA reported that Russian output decreased by 99 kb/d in January to 10,598 […]
Read MoreThe Trans Mountain pipeline expansion project has secured up to C$10 billion ($7.7 billion) in private-sector financing, but it comes with a loan guarantee provided by the Canadian government. The […]
Read MoreSt. John’s, Newfoundland and Labrador Environmental groups are suing the Canadian government in a bid to overturn its approval of Equinor ASA’s huge Bay du Nord offshore oil project, Sierra […]
Read More