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.…

Calgary-based Gibson Energy sells trucking assets, focuses on core business

Export pipeline capacity limits in Western Canada are expected to continue to drive strong demand for crude storage services offered by Gibson Energy Inc., investors heard Thursday. The fast-growing Calgary-based company currently handles about one in four barrels of oil…

Production exceeding Canada’s pipeline capacity is ‘primary factor’ in oil price differential: NEB report

A new report from the National Energy Board says the “primary factor” in recent steep discounts on western Canadian crude is that oil production outstripped export pipeline capacity by about 365,000 barrels per day. The background report was compiled for…

Maximize existing pipelines’ efficiency to help with oil glut, federal minister says

Natural Resources Minister Amarjeet Sohi is asking the National Energy Board to make sure Canada’s oil pipelines are being used as efficiently as possible. READ MORE: Alberta orders 8.7 per cent oil production cut to help deal with low prices Story…

3 experts will work with Alberta energy industry to find oil price gap solution

Alberta Premier Rachel Notley has appointed three experts to work with the energy industry to find ways to close an oil price gap that is costing Canada tens of millions a day. Notley says the Canadian economy is losing $80…