Western Canada oil and gas producer count down by nearly 300 names since 2014

Western Canada oil and gas producer count down by nearly 300 names since 2014
CALGARY — A new study shows that the total number of companies producing oil and gas in Western Canada has fallen by 17.5 per cent in the four years since global oil prices began crashing at the end of 2014. Consulting firm XI Technologies of Calgary says an analysis of its database shows that a total of 1,334 active companies — publicly... Read More

Pipeline delays add appeal to creative options for oil transport, transformation

Pipeline delays add appeal to creative options for oil transport, transformation
CALGARY — News that permitting issues in the U.S. would delay Enbridge Inc.’s Line 3 replacement pipeline project until the middle of 2020 instead of late this year means that yet another boost in oil export capacity has been kicked down the road. With both the Trans Mountain expansion and Keystone XL pipeline projects in court limbo, attention is turning to alternative... Read More

No pedal to floor: Experts say no government can bring back Alberta bitumen boom

No pedal to floor: Experts say no government can bring back Alberta bitumen boom
EDMONTON — Getting Alberta’s economy running on all its fossil-fuel-powered cylinders is at the heart of the province’s election campaign. But some of Canada’s top energy thinkers — as well as international experts — warn there’s no pedal any premier can stomp to make that engine rev like it used to. “No policy of any Alberta government can change things,” said Mark... Read More

Bill C-69 given a rough welcome at Calgary Senate committee hearing

Bill C-69 given a rough welcome at Calgary Senate committee hearing
CALGARY — A federal bill to change the way Ottawa assesses major energy projects is getting a rough ride in Calgary. Representatives of Canada’s biggest oil and gas companies took turns demanding major changes to Bill C-69 before a Senate committee making a Calgary stop on a cross-Canada series of hearings that started in Vancouver on Monday. Meanwhile, hundreds of people... Read More

Toronto stock market hits seven-month high on further rise in oil prices

Toronto stock market hits seven-month high on further rise in oil prices
TORONTO — Canada’s main stock index hit a seven-month high by closing up slightly as oil prices rose to their highest level since November. The S&P/TSX composite index gained 11.14 points to 16,407.29. In New York, the Dow Jones industrial average was down 83.97 points at 26,341.02. The S&P 500 index was up 3.03 points at 2,895.77, while the Nasdaq composite was up 15.19 points at 7,953.88. The... Read More

Toronto stocks down despite gains in energy sector, U.S. stock markets lower

Toronto stocks down despite gains in energy sector, U.S. stock markets lower
TORONTO — Canada’s main stock index was down in late-morning trading as a broad-based retreat more than offset gains by energy stocks. The S&P/TSX composite index was down 42.83 points at 16,353.32. In New York, the Dow Jones industrial average was down 105.17 points at 26,319.82. The S&P 500 index was down 4.87 points at 2,887.87, while the Nasdaq composite... Read More

Energy sector leads rally in Toronto, U.S. markets also head higher

Energy sector leads rally in Toronto, U.S. markets also head higher
TORONTO — The energy sector led a broad-based rally on the Toronto Stock Exchange as Canada’s main stock index moved higher in late-morning trading. The S&P/TSX composite index was up 62.14 points at 16,373.75. In New York, the Dow Jones industrial average was up 45.29 points at 26,429.92. The S&P 500 index was up 12.44 points at 2,891.83, while the... Read More

B.C. government to consider ‘relief’ for record gas prices: Horgan

B.C. government to consider ‘relief’ for record gas prices: Horgan
VICTORIA — Premier John Horgan says the B.C. government will consider “some relief” for those who can’t afford record high gas prices. Horgan says his government will monitor prices at the pumps over the summer after they reached the benchmark record of almost $1.64 a litre today in Metro Vancouver, but he also suggested provincial taxes aren’t the only factor affecting prices. He says... Read More

Chevron seeks NEB licence that could nearly double production at Kitimat LNG

Chevron seeks NEB licence that could nearly double production at Kitimat LNG
CALGARY — Chevron Canada has applied to the National Energy Board to nearly double the potential size of the Kitimat LNG facility it hopes to build with Australian partner Woodside Energy. In a filing dated Monday and posted on the NEB website, the Canadian branch of California-based giant Chevron Corp. says it is applying for a 40-year licence to export up... Read More