Talk of Alberta separating from the rest of Canada is gaining ground ahead of April 16 elections, as a number of political parties in the country's energy heartland seek to capitalize on voter anger with federal policies.
Corey Code will replace Sherri Brillon as Encana’s CFO in May when she retires after an over 30-year career with the North America shale powerhouse.
Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on March 20, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory.
North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market grows following delays to a critical pipeline project.
Murphy Oil said Eugene T. (Gene) Coleman, executive vice president of exploration and business development for the El Dorado, Ark.-based oil and gas company, will retire by the end of February.
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.
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
The investment is about $300 million less than the company forecast in May and includes reductions resulting from Alberta’s mandated oil production cuts.
Enbridge, TransCanada pipes carry a combined 1.8 million bbl/d.
Weather-induced power outages hit Enbridge Mainline system and TransCanada’s Keystone pipeline.
