Canada

Canada's Oil Cuts Offer Lifeline To Producers But Create New Problems

The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments.

Jan 17 2019 - 8:35am

Pipeline Operator Kinder Morgan Canada's Profit Surges

Kinder Morgan, which holds about 70% majority voting interest in Kinder Morgan Canada, has hired investment bank TD Securities to facilitate a potential sale of its Canadian business.

Jan 16 2019 - 5:25pm

SemGroup Boosts Montney Footprint With New KKR JV

Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.

Jan 15 2019 - 12:25pm

Citigroup Reportedly Names Greg Saksida New Head Of Canada Energy Banking

Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.

Jan 14 2019 - 7:35am

Canada Regulator Issues Draft Conditions In Oil Pipeline Review

Canada's energy regulator released draft revisions of conditions and new recommendations on Jan. 10 as part of the Trans Mountain oil pipeline expansion re-review, ordered last year after a Canadian court overturned the approval of the project.

Jan 11 2019 - 8:28am

TransCanada Plans Name Change To TC Energy

New name will better reflect the company’s presence throughout North America, says CEO Girling.

 

Jan 9 2019 - 10:22am

Chevron, Occidental Invest In Bill Gates-Backed CO2 Removal Technology

The Chevron and Occidental deal marks the first significant investment by energy groups into the technology developed by Carbon Engineering, a Bill Gates-backed start-up based in Canada.

Jan 9 2019 - 8:45am

Husky Energy Considering Sale Of Noncore Downstream Assets

Husky Energy said the potential sale is being undertaken independent of the outcome of the Calgary, Alberta-based company's proposed acquisition of rival MEG Energy.

Jan 9 2019 - 7:35am

Exxon Mobil Shelves Canada LNG Export Project

The so-called WCC LNG export project in Canada’s British Columbia was expected to produce about 15 million tonnes per year of LNG, with plans for further expansion up to 30 million tonnes per year.

Dec 20 2018 - 9:16am

Canada Gives Struggling Oil Sector C$1.6 Billion Boost

Natural Resources Minister Amarjeet Sohi said in Edmonton, Alberta, that the aid package would include C$1 billion for energy exporters to invest in new technologies, boost working capital or find new markets.

Dec 18 2018 - 11:59am

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