Alberta Energy Minister Sonya Savage speaks to media regarding the federal decision on Bill C-69 while Bronwyn Eyre, Saskatchewan Minister of Energy and Resources and Greg Rickford, Ontario Minister of Energy, Mines and Northern Development listen on Wednesday, June 12,…
Tag: Oil and Gas
Producers still cautious despite higher Q2 expectations on stronger oil prices
Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil…
Liberal government touts ‘facts’ on Trans Mountain pipeline project
July 12 2019 12:05pm MP Randy Boissonnault said he was “here to bust some myths” about the federal government’s commitment to the oil and gas sector. ‘ }); } else { var rel_id = svp.releaseInfo.contentId+””; if( typeof gnca_social_share_collection[rel_id] != “object”…
Alberta oil and gas CEOs say combination of high dividend yields and sliding shares are spooking investors
Mid-sized Alberta oil and gas producers say their share prices have fallen so low that investors are starting to worry their rising dividend yields are becoming unsustainable. The irony is that his Calgary-based company has no intention of reducing its…
Alberta raises oil quotas for August as rail exports grow, storage levels slip
The Alberta government says it will ease its oil production curtailment program by 25,000 barrels per day in August. The province is citing growing crude-by-rail capacity, declining oil inventory levels and improved efficiencies in export pipelines for the move. Last…
‘Many families didn’t survive this’: TMX approval comes too late for some
For Estrella Herrera, news that the Trans Mountain pipeline expansion (TMX) has been given federal approval, is providing a glimmer of hope that life for her family may finally be turning around. The Calgary mother’s face lights up as she…
Oil and gas sector cautious as clock ticks down to Trans Mountain pipeline decision
Observers on the front lines of Western Canada’s oil and gas sector are looking forward to what’s widely expected to be approval of the Trans Mountain pipeline expansion on Tuesday while acknowledging the decision by Ottawa won’t solve all problems.…
Canada set to approve Trans Mountain pipeline expansion, Trudeau unlikely to benefit
Canada looks set to approve a hotly-debated plan to expand the Trans Mountain pipeline this week, people familiar with the process told Reuters, but the move is unlikely to help Prime Minister Justin Trudeau rebuild flagging support ahead of an…
Alberta companies making a go of it despite sluggish oil and gas outlook
A new forecast from the Canadian Association of Petroleum Producers (CAPP) showing sluggish growth and energy investment isn’t deterring some Alberta energy companies from continuing to try and make a go of it. Piston Well Services is one of them.…
Crude oil production to reach 5.86 million barrels per day by 2035: CAPP
The Canadian Association of Petroleum Producers (CAPP) is projecting Canadian crude oil production will increase by 1.27 million barrels per day to 5.86 million by 2035. The association’s latest forecast predicts total production in Western Canada will reach 5.76 million…