CALGARY, Alberta—United Conservative Party leader Jason Kenney was sworn in as the 18th premier of Canada’s main crude-producing province Alberta on April 30, and named a cabinet he says will champion the beleaguered energy sector.
Kenney, a former conservative federal cabinet minister, won the election with a landslide victory against Rachel Notley’s New Democratic Party after promising to reverse years of economic stagnation and decline.
“We will focus relentlessly on creating good jobs, growing the economy and building pipelines west, east and south to get our products to market and secure full value for our resources and future prosperity,” Kenney said at the swearing-in ceremony in the provincial capital Edmonton.
Alberta is home to Canada’s vast oil sands but has struggled with a lackluster economy since the 2014-2015 global oil price crash, as well as steep discounts on its crude because of congestion on oil export pipelines.
Key cabinet appointments include former lawyer Doug Schweitzer as Solicitor General, Travis Toews as Finance Minister and Sonya Savage, who used to work for pipeline company Enbridge Inc. (NYSE: ENB) as Energy Minister.
Kenney has pledged to challenge Canadian Prime Minister Justin Trudeau and other politicians he says take Alberta’s oil and gas industry for granted.
The Alberta legislature convenes for the first time in May and Kenney has said its first order of business will be scrapping Alberta’s carbon tax, a move that promises to put the province on a collision course with Ottawa.
Last year Notley’s government imposed temporary oil production cuts to ease a buildup of crude in Alberta storage tanks and boost prices, and also signed C$4 billion contracts to start shipping crude by rail.
Kenney is expected to keep curtailments in place but has vowed to cancel the rail contracts, and the oil industry is watching closely to for his government’s next move.
Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Sept 19, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut, according to sources familiar with operations.
The waterflood project is Chevron’s first in the deepwater Wilcox trend and is expected to contribute an estimated ultimate recovery of more than 175 million barrels of oil equivalent.
Talos Energy Inc. has entered into two separate agreements on Sept. 19 with BP Plc and Exxon Mobil Corp. related to new exploration opportunities in the U.S. Gulf of Mexico (GoM).