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Keystone XL’s cancellation sparks interest in diluent recovery unit: energy firm CEO

The CEO of Gibson Energy Inc. says “clarity” about the future of the cancelled Keystone XL pipeline has prompted increased interest from potential customers in an expansion of its diluent …

Global

Value of Alberta’s oil production back to pre-pandemic level: economist

A rebound in production paired with a rise in world oil prices has an Alberta economist estimating that the value of the province’s oil production has returned to pre-pandemic levels. …

Global

Enbridge anticipates cash flow bounty as Line 3 cost estimate jumps to $9.3B

Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in Minnesota but the CEO of …

Global

Most Canadians, including most Albertans, appear to be ready to give up on Keystone XL pipeline: poll

The majority of Albertans appear to be on the same page as the majority of other Canadians on feeling that it’s time to give up the fight to get a …

Global

Residents gather in South Dakota to lament loss of Keystone XL pipeline

Residents and business owners upset by the loss of the Keystone XL pipeline gathered in southwestern South Dakota on Monday and appealed to three Republican congressmen to help restart the …

Global

Suncor Energy notes fourth-quarter loss on lower revenue, writedowns

Canadian oilsands and refining giant Suncor Energy Inc. is reporting a fourth-quarter net loss of $168 million or 11 cents per share, compared with a net loss of $2.34 billion …

Global

Alberta government gives another extension to complete report on inquiry into oil and gas critics

The Alberta government has given an inquiry into the funding of oil and gas industry critics another deadline extension to complete its report. The inquiry headed by Steve Allen was to …

Global

Experts say cancelled Keystone XL pipeline expansion won’t lessen oil dependency

Cancelling the multi-billion dollar Keystone XL pipeline expansion would not only jeopardize thousands of jobs in Alberta, it would also mean the loss of billions of dollars in corporate income …

Global

Enbridge rejects Michigan’s demand to shut down oil pipeline

Enbridge said Tuesday it would defy Michigan’s demand to shut down an oil pipeline that runs through a channel linking two of the Great Lakes, contending that Gov. Gretchen Whitmer’s …

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