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

Husky Ends Hostile Takeover Bid For MEG Energy

Husky Energy said Jan. 17 it will not extend its hostile bid for MEG Energy after failing to get sufficient support from the rival oil producer's board and shareholders.

Jan 17 2019 - 8:25am

BP Gives Up Some Acreage Offshore Nova Scotia, Extends License

The steps are being taken after BP drilled only one of the four wells it was required to drill within six years of the effective date of its exploration licenses for the land, the petroleum board said in a Jan. 15 news release.

Jan 15 2019 - 2:37pm

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

Canadian Producer Crescent Point Cuts 2019 Budget On Oil Price Plunge

Canadian producer Crescent Point Energy cut its 2019 capital budget by 30% compared to last year, blaming the recent decline in oil prices.

Jan 15 2019 - 8:25am

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