Encana edged past estimates for quarterly profit on July 31, helped by increased shale oil production in the Anadarko and Permian basins.
Enbridge Inc. has delayed the start of an open season to solicit bids for contracted space on its Mainline oil pipeline system, North America's largest oil-shipping network, three market sources told Reuters on July 17.
Canada looks set to approve the hotly debated plan to expand an oil pipeline this week, people familiar with the process told Reuters.
A Minnesota court ruled on Monday that Enbridge Inc.’s environmental impact statement for replacement of its Line 3 oil pipeline is inadequate, raising the possibility of further delays.
Oil and gas producer Canadian Natural Resources Ltd. said on Friday it would temporarily shut-in about 65,000 barrels per day (bbl/d) of crude oil production due to forest fires in Alberta.
Canada's main crude-producing province Alberta introduced a bill to repeal the provincial carbon tax on Wednesday, setting up a legal tussle between Premier Jason Kenney's United Conservative Party and Justin Trudeau's Liberal government in Ottawa.
The increase is expected as operators improve completion designs and economics while battling low natural gas prices and infrastructure constraints.