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Has Canadian oil independence become more politics than economics?

May 29, 2019

Conservative Leader Andrew Scheer says he wants to end Canadian imports of foreign oil by 2030, a move experts say would mostly affect purchases from the United States and could endanger deep trade relationships. Scheer raised the idea in a

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Devon sells Canadian operations to Canadian Natural

May 29, 2019

Canadian Natural Resources Ltd. has signed a deal to buy the Canadian operations of Devon Energy Corp. for $3.8 billion. The assets include thermal in situ oil sands production and conventional primary heavy crude oil operations located adjacent to existing Canadian Natural assets,

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TC Energy sells majority stake in Northern Courier pipeline to AIMCo

May 28, 2019

TC Energy Corp. has signed a deal to sell an 85 per cent stake in its Northern Courier Pipeline to Alberta Investment Management Corp. for roughly $1.15 billion. The company – formerly known as TransCanada – transports bitumen and diluent

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One Texas company reversing the trend, investing in oil sands

May 28, 2019

Texas money is flowing into a small corner of the oil sands at a time when big international companies are pulling out. Rangeland Energy, based in the Houston suburb of Sugar Land, is building a 50,000-barrel-a-day, 85 kilometre pipeline in

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Grand opening for Ridley Island Propane Export Terminal

May 28, 2019

AltaGas is today celebrating the grand opening of its Ridley Island Propane Export Terminal (RIPET), in Prince Rupert, B.C. – the first marine export facility for propane in Canada. The facility began introducing propane feedstock in mid-April, and the first shipment departed the

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AltaGas welcomes a new face into the role of VP, CFO

May 28, 2019

AltaGas Ltd. has announced the appointment of D. James Harbilas as executive vice president and chief financial officer, effective June 10. “The operational and financial priorities for AltaGas remain on track. Key areas of focus for James will be the

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Regulator restricts fracking operations near Brazeau Reservoir

May 28, 2019

The Alberta Energy Regulator is moving to restrict oilfield fracking activity near the Brazeau Reservoir in east central Alberta as a precaution following a 4.3 magnitude earthquake south of the area in March. The AER told Canadian Press hydraulic fracturing

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Husky cuts five-year budget, raises cash flow target

May 28, 2019

Husky Energy Inc on Tuesday cut its five-year budget and raised its free cash flow target, at a time when investors have been calling on oil and gas companies to shore up capital for buybacks and dividends. Husky now expects

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Gibson to have 90 trains of crude per month by summer’s end

May 27, 2019

Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alta., crude-by-rail terminal and that will rise to 90 trains per month by the end of the summer, Chief Executive Steve Spaulding said on Friday.

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Enerflex CFO steps down

May 27, 2019

Enerflex Ltd. announced today that D. James Harbilas, executive vice president and chief financial officer (CFO), will resign effective June 7 to pursue another opportunity. “On behalf of the entire board of directors and the executive management team, I would