The decision by Teck Resources to pull out of a multi-billion-dollar oilsands project in northern Alberta is “not the end of the world,” according to the Canada West Foundation, though it considers it to be “another straw on the camel’s…
Tag: Canada oil and gas
Calgary-based Calfrac reports fourth quarter loss on lower revenue
By The Canadian Press Posted January 28, 2020 2:37 pm Updated January 28, 2020 2:42 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ One of Canada’s largest oil and gas well completion companies…
Energy Exodus: The incentives in Texas luring Canadian oil and gas workers south
Michael Angelozzi moved his family from Calgary to Conroe, Texas — outside of Houston — at the end of 2017. As the VP of Sales and Operations for oil and gas company Pro Torque, Angelozzi says he had to go…
Encana reveals Denver will be its new headquarters after leaving Calgary
By The Canadian Press Posted November 7, 2019 1:06 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Encana Corp. says its new head office will be in Denver following a reorganization that will…
Canada’s energy market takes centre stage at 2019 Global Petroleum Show
Canada’s place in the international oil and gas market will be among the topics discussed at the 2019 Global Petroleum Show. Some 50,000 people are expected to attend the three-day event at Calgary’s Stampede Park, which brings together energy professionals,…
Canadian oilfield would produce more if regulated in U.S., Encana CEO says
The CEO of Encana Corp. says Western Canada’s Montney oil and gas region would be two to four times more productive if it was in the United States with its more efficient regulatory systems. Doug Suttles says the enormous hydrocarbon-bearing…
Is Canada prepared for life after oil?
Across Canada’s Prairies, a question is weighing heavily on the minds of many: “What if the oil industry never really comes back?” The last few years in Alberta have been filled with pain. Tens of thousands of jobs have been…
Little hope seen for Canadian oilpatch activity growth as steep price discounts continue
An energy analyst warns the Canadian oil and gas sector is in a holding pattern in which spending and production growth can’t occur until new ways to get products to export markets are found. CIBC analyst Jon Morrison says in…