Chevron sells Alberta gas share
Chevron Canada Properties has sold off one of its Alberta subsidiaries to Amphora Canada Gas Storage for an undisclosed amount.
Alberta
TransCanada worker who fell to death identified
A worker who fell 20metres to his death at a TransCanada work site in northern Alberta has been identified.
Terra jettisons staff as bank calls in $15.9million loan
Canadian oil exploration company Terra Energy has terminated the employment of most of its staff after been ordered by its lender Canadian Western Bank to repay in full it outstanding debt of $15.9million plus interest, by March 28.
Imperial Oil’s profit sinks in line with oil price
Canada's Imperial Oil said profit in the fourth quarter sank as oil remained near 12-year lows amid rising production.
Nexen blast claims two lives
A second man has died after an explosion at Nexen’s Long Lake facility in northern Alberta.
One person killed, second injured after explosion at oil sands facility
Nexen Energy said one person has been killed while another worker has bee hospitalised after an incident at the Long Lake oil sands facility in Alberta.
Northern Petroleum makes payment for Alberta assets
Northern Petroleum has paid the money for its latest acquisition of Canadian assets.
Sunshine Oilsands starts production from West Ells project
Sunshine Oilsands said it has commenced first oil production from West Ells project in Alberta. The region covers around 9,856hectares and is located within the Athabasca oil sands region close to a number of other oil companies.
Suncor may scrap oil sands bid if $4.5billion offer delayed
Suncor said it may scrap its $4.5 billion hostile bid for Canadian Oil Sands if Alberta regulators endorse a poison pill that would give the target company more time to find other bidders.
Shell opens landmark Quest CCS project in Canada
Oil major Shell has opened a landmark new CCS (Carbon Capture and Storage) project in Canada. The new Quest facility at the Athabasca Oil Sands project is designed to capture, transport and store more than one million tonnes of carbon dioxide CO2 each year. The amount is equivalent to the emissions from an estimated 250,000 cars.
Shell shelves Alberta oil-sands project after leaving Arctic
Royal Dutch Shell Plc made its second major strategic change in as many months, saying it will take a $2 billion charge as it shelves an oil-sands project in Alberta after walking away from an Arctic drilling program.
Black Stallion acquires full interest in Alberta basin stake
Black Stallion Oil and Gas has acquired the remaining 50% working interest in the Woodrow Prospect in the Alberta basin. The company now holds a 100% working interest in the prospect in Montana. Black Stallion said the prospect could offer multiple opportunities for possible success in oil and gas production across targets at shallow depths.
Alberta regulator orders 95 Nexen pipelines shut down after leak
The Alberta Energy Regulator has ordered the immediate suspension of 15 pipeline licenses issued to Nexen, the Canadian unit of China’s Cnooc Ltd., after finding “noncompliant activities” at the company’s Long Lake oil-sands operations. The order results in the closing of 95 pipelines carrying natural gas, crude oil, salt water, fresh water and emulsion, the regulator said in a statement late Friday.
Seven Generations forced to suspend production
Canadian producer Seven Generations Energy has suspended injection into the Alliance Pipeline after an "operational event" caused the pipeline company to call for natural gas suppliers to halt production.
Hundreds of workers evacuated from Alberta hit fire region
Hundreds of workers have been evacuated from three oil sands projects in Alberta as wildfires affect the region. Statoil, MEG Energy and Cenovus Energy made the move as fires coarsed through the area. Projects have also been shutdown by Cenovus and Canadian Natural Resources, though none have been affected by the fires.
Alberta to target oil shock with budget boosting taxes
When Alberta Premier Jim Prentice took office in September, oil was at $90 a barrel and he was pledging to balance the books and pour billions into new schools and roads. The oil collapse has changed everything. Prentice is poised to release one of the harshest budgets in a generation on Thursday, filled with spending cuts, new user fees and income-tax increases to fill a C$7 billion ($5.6 billion) budgetary hole sparked by plunging oil prices. “There are no easy answers,” Prentice said last week, responding to questions about how his government will tackle the shortfall.
Alberta pitching oil pipeline to Alaska, Prentice says
Alberta is in discussions with Alaska about shipping oil-sands crude through the US state to the Pacific as approval for the southbound Keystone XL pipeline languishes in Washington. The Alaska plan would involve constructing a pipeline along the Mackenzie River valley and then west to existing ports on the US coast, Alberta Premier Jim Prentice said in an interview in New York. Alaskan ports have been staging points for maritime crude shipments for decades.