March 31 2020 5:19pm TC Energy CEO Russ Girling says the Keystone XL pipeline will be one of the safest and environmentally friendly ways to transport oil. ‘ }); } else { var rel_id = svp.releaseInfo.contentId+””; if( typeof gnca_social_share_collection[rel_id] !=…
Tag: Oil and Gas
‘We believe the timing is good’: Kenney cites current crisis for reasons to invest in Keystone pipeline now
March 31 2020 5:18pm Premier Jason Kenney says the ongoing COVID-19 pandemic and economic uncertainty in Alberta are the reasons why it’s the right time to invest in the Keystone XL pipeline. ‘ }); } else { var rel_id =…
TC Energy says it is going ahead with US$8 billion Keystone XL Pipeline
TC Energy Corp. gave the go-ahead for construction of its US$8-billion Keystone XL Pipeline project on Tuesday, with a helping hand from the Alberta government. The company said Alberta has agreed to invest approximately US$1.1 billion as equity in the…
Oilsands companies in the red as blended bitumen price dips below $4 per barrel
Oilsands producers are likely losing money or barely breaking even as prices for Western Canadian Select bitumen-blend crude dipped as low as US$3.82 per barrel on Monday, analysts said. Realized prices for bitumen likely crossed into negative territory as they…
Calgary-based Parkland Fuel cuts $300M from budget to deal with COVID 19 impact
Parkland Fuel Corp. is cutting its 2020 capital spending budget by 52 per cent and trimming executive salaries in response to the uncertain economic impact of the novel coronavirus. The Calgary-based company, which sells fuel through more than 2,600 service…
Oil price crash to hit thermal oilsands production in Western Canada: Analyst
By Global News Posted March 27, 2020 2:14 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ An oil and gas analyst says record low prices for oilsands crude could lead to up to…
Suncor cuts $1.5 billion from budget to cope with low oil prices, COVID-19 impact
By The Canadian Press Posted March 24, 2020 12:16 pm Updated March 24, 2020 12:18 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Suncor Energy Inc. is cutting its 2020 capital spending budget…
Precision Drilling moves to cut costs and capital spending plan in response to COVID-19
By The Canadian Press Posted March 24, 2020 8:44 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Precision Drilling Corp. says it is reducing staff, cutting salaries and lowering its capital spending plan…
Oil and gas companies taking steps to keep employees safe from COVID-19
On Monday, Alberta’s chief medical officer Dr. Deena Hinshaw addressed concerns being brought up regarding employees being in close quarters at work camps and construction sites amid the COVID-19 pandemic. She said each area is unique, however some basic steps…
Paramount Resources slashes capital spending plan due to drop in energy prices
By The Canadian Press Posted March 19, 2020 8:30 am Updated March 19, 2020 8:33 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Paramount Resources Ltd. is cutting its capital spending plan in…