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Lower oil output contributes to GDP drop in January

March 29, 2018

Canadian economic growth fell 0.1 percent in January on lower output of non-conventional oil extraction and decreased activity in real estate, Statistics Canada said today. According to a Reuters article, the service-producing sector was flat in January, while the goods-producing

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Energold awarded $9M in new infrastructure drilling in Canada

March 29, 2018

Energold Drilling Corp. has been awarded a $9 million in new infrastructure drilling contracts in Canada, which is in addition to the recently announced $10 million worth of green energy contracts in the United States. “We are pleased to announce these additional contracts in our

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OPEC sticking to production cuts despite rise in price

March 28, 2018

OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of the year, five sources familiar with the issue have told Reuters, although some producers are starting to worry that high prices may

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Now Burnaby launches court challenge to Trans Mountain

March 27, 2018

Hot on the heels of British Columbia’s swing and a miss in the courts, the City of Burnaby is turning to Canada’s highest court in the dispute over construction of Kinder Morgan’s Trans Mountain pipeline. Mayor Derek Corrigan says the

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Many drillers devastated by 2014 nosedive still struggling

March 27, 2018

SandRidge Energy Inc. is stuck in stock-market purgatory – more than a year after exiting bankruptcy. The oil and gas explorer has seen its stock sink 37 per cent since October 2016, despite a restructuring that wiped out US$4 billion

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Mexico, U.S. company appear to have signed fracking deal

March 27, 2018

Mexico’s state-owned oil company has signed what appears to be one of its first big gas fracking contracts with a subsidiary of Texas-based Lewis Energy. The Petroleos Mexicanos company told Associated Press on Monday it would drill and exploit non-conventional

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Railways look for long-term contracts to move crude to U.S.

March 27, 2018

Canadian railway operators see a lucrative opportunity to transport more crude oil to the United States as a rise in output force producers to find new routes to its southern neighbour. However, their need for long-term contracts and the pressure

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Husky to appear in court for 2016 pipeline leak

March 27, 2018

Prince Albert Mayor Greg Dionne says the Husky Energy Inc. oil pipeline leak in 2016 on the North Saskatchewan River has made him more aware of the danger from the many pipelines that criss-cross his province, adding that he hopes

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While crude oil reserve glut grows, terminals sit idle

March 27, 2018

Pipeline delays and a shortage of locomotives has stranded Canadian crude, waiting for trains to take it to U.S. refineries. A rail terminal near Edmonton that oil-sands producer Cenovus Energy Inc. bought for $75 million sits underutilized just when it’s

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Alberta declares victory in pipeline court appeal

March 27, 2018

Alberta Premier Rachel Notley is calling a recent court decision on the Trans Mountain pipeline expansion project a definitive victory. The Federal Court of Appeal dismissed the B.C. government’s bid to challenge a National Energy Board ruling that allows Kinder