Canada

Storage

Canadian Oil Pipeline Congestion Sets Up Lucrative Storage Play

Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and oil major BP Plc's trading arm.

June 9, 2019

Infrastructure , Pipelines

Minnesota Court Rejects Environmental Assessment For Enbridge Pipeline

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.

June 3, 2019

Conventional , Crude Oil

Canadian Natural Resources To Temporarily Shut In Oil Production Due To Wildfires

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.

June 1, 2019

Investment , Crude Oil , Midstream

Steep Prices Holding Back Oil Sands

Project costs have declined in western Canada but production growth is still expected to lag.

May 30, 2019

Public Capital , Heavy Oil , Shale Plays , Acquisitions & Divestitures

Devon Energy Kicks Off Transformation With $2.8 Billion Canada Exit

Devon Energy agreed to sell its Canadian business to Canadian Natural Resources, knocking out a target in the Oklahoma City-based independent energy company’s planned transformation.

May 29, 2019

Renewables

Quebec Provincial Leader Aims To Boost Use Of Hydroelectric Power

François Legault, premier of Canada's hydroelectricity-reliant Quebec province, on Sunday said he would present a sweeping plan to electrify public transport and heating and air conditioning by the end of 2019 or the start of 2020.

May 26, 2019

Rail

Gibson To Load 225,000 bbl/d of Canadian Crude-By-Rail By Summer's End

Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alberta, crude-by-rail terminal and that will go up to 90 trains per month by the end of the summer, CEO Steve Spaulding said on May 24.

May 25, 2019

Pipelines

Court Rules British Columbia Cannot Regulate Trans Mountain Pipeline Oil Flows

A British Columbia court ruled on Friday that the provincial government cannot introduce a law that would regulate increased flows of heavy crude through the proposed Trans Mountain pipeline.

May 24, 2019

Emissions

Canada's Oil-Rich Alberta Introduces Bill To Repeal Carbon Tax

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.

May 22, 2019

Unconventional , Shale Plays

Analysts Forecast Montney Production Surge Despite Challenges

The increase is expected as operators improve completion designs and economics while battling low natural gas prices and infrastructure constraints.

May 17, 2019