China’s Sinochem Group has purchased one of the first crude cargoes that will be shipped through a new Canadian pipeline that’s designed to move more oil from landlocked Alberta to the Pacific Coast for export.
Statistics Canada reported recently that Alberta’s energy prices rose by 127.8% in July, compared with the same month in 2022.
Investment group EIG is buying a 25% stake in Repsol’s upstream unit for $4.8 billion, with an eye on a potential US IPO in 2026.
BP is selling off its oilsands project in Canada under a deal with Cenovus Energy, which will see it paid in cash and a stake in the offshore Bay du Nord project.
Canada has energy resources of a scale that its neighbour next door covets and guzzles with abandon. There is a great deal of mutual cross-border dependence but it wasn’t always that way.
Interest in carbon capture is growing as companies and countries work to decarbonise operations and Delta CleanTech (CSE:DELT, FRA: 66C) is keen to seize the opportunity.
Clean energy is coming to Canada’s oil patch.
Northern Petroleum today confirmed a deal to acquire production wells and facilities located within the area of its existing Rainbow assets in Alberta.
A half-finished oil sands power plant in Canada that was abandoned by energy giant Royal Dutch Shell has been snapped up by a new buyer.
Japan Petroleum Corporation (Japex) said it plans to delay the launch of its Hangingstone oil sands expansion in Alberta by a few months.
Devon Energy said it has completed the sale of its 50% ownership interest in the Access Pipeline to Wolf Midstream.
Suncor Energy Inc. posted a loss in the second quarter after wildfires curtailed output from its oil-sands operations in northern Alberta, eclipsing a recovery of crude prices.
Husky Energy said it has closed a transaction to create a new partnership which will assume ownership of select midstream assets in the Alberta and Saskatchewan region.
Alberta firefighters successfully defended Suncor Energy and Syncrude Canada oil-sands sites from wildfires as rain brought some relief and the blaze that shut more than a million barrels a day of production in Canada’s oil patch expanded in other directions.
Albertans who fled the wildfire devastation in the oil-sands community of Fort McMurray can tentatively expect to return in a couple of weeks, while the blaze still rages elsewhere in the region and major production sites remain shut.
Plans to bring back more than 1 million barrels a day of lost production in Canada’s oil sands are being delayed as wildfires sweeping across northern Alberta threaten operations again, prompting Suncor Energy Inc. to evacuate three sites it was restarting.
Authorities in Alberta, Canada, have launched an app offering residents of wildfire-ravaged Fort McMurray a view of their damaged homes.
Northern Petroleum said it has doubled production in the last three months and is looking to process much higher volumes from its Canadian assets.
The massive wildfires that swept through Canada’s energy hub of Fort McMurray left about 85 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods.
Wildfires raging through Alberta have spread to the main oil-sands facilities north of Fort McMurray, knocking out an estimated 1 million barrels of production from Canada’s energy hub. Fire officials say the out-of-control inferno may keep burning for months without significant rainfall.
Long before the oil era, Fort McMurray first flourished as a fur trading hub tucked in a valley of northern Canada’s boreal forest. Even then, the area’s shiny black soil stood out.
A massive, raging wild fire has forced the evacuation of three more communities south of Canada’s main oil sands city.
A fire fueled by shifting winds that forced more than 80,000 people to flee their homes and disrupted oil-sands operations in Western Canada is poised to expand.
Up to 80,000 residents are being told to evacuated the entire city of Fort McMurray, Alberta, under a mandatory evacuation order because of an uncontrolled wildfire that is rapidly spreading.
Alberta’s largest-ever evacuation from a wildfire has forced tens of thousands people to flee Fort McMurray and prompted Suncor Energy Inc. to reduce output in Canada’s main oil-sands region.