Alberta

Enbridge’s Line 3 Replacement Set to Flow Oil Oct. 1

Enbridge’s Line 3 Replacement Set to Flow Oil Oct. 1

The Alberta government and Canadian oil exporters celebrated Wednesday after Enbridge Inc. confirmed that its Line 3 pipe replacement project had been completed and would start deliveries Friday (Oct. 1). “It’s fantastic news for our province’s economic recovery,” said Premier Jason Kenney. “Our government will continue to fight for all projects that help bring our…

September 30, 2021
Canadian PM Takes Hard Line on Oil, Natural Gas Emissions Ahead of Election

Canadian PM Takes Hard Line on Oil, Natural Gas Emissions Ahead of Election

Canadian Prime Minister Justin Trudeau has singled out the oil and gas industry as a target for toughened pollution policing in his campaign for reelection of his Liberal government in a Sept. 20 national vote. “Let’s be realistic,” said Trudeau as he unveiled an environmental plank in the party platform at a weekend rally in…

August 31, 2021
Canada’s Oilsands Maintained Market Share Despite Pandemic

Canada’s Oilsands Maintained Market Share Despite Pandemic

Canada’s oilsands sector emerged with an increased global market share during the Covid-19 pandemic, according to the Alberta Department of Finance. The northern bitumen belt stood out by standing firm while other supplies shrank, data compiled from the Alberta Energy Regulator (AER) and the International Energy Agency (IEA) showed. Oilsands mines and underground extraction plants…

July 7, 2021
Alberta Taking Half-Stake in Oilsands Refinery to Reduce Tolling Costs

Alberta Taking Half-Stake in Oilsands Refinery to Reduce Tolling Costs

The Alberta government on Monday announced a C$825 million ($660 million) takeover of a 50% ownership share in Canada’s newest oilsands refinery near the provincial capital in Edmonton. North West Refining Inc. is to be paid C$425 million ($340 million) for its half-equity in the 79,000 b/d refinery north of Edmonton. North West also agreed…

July 6, 2021
Alberta Set for Strong Economic Comeback on Higher Oil Prices

Alberta Set for Strong Economic Comeback on Higher Oil Prices

Canada’s top oil- and gas-producing province is expected to score the nation’s strongest comeback this year on improved commodity prices after taking the biggest dive in 2020 driven by the Covid-19 pandemic, according to a new report. As measured in 2012 dollars, the “real” trend yardstick used by the Conference Board of Canada, Alberta’s gross…

June 14, 2021
Alberta Tops BC in Court Battle Over Provincial Rights to Control Oil, Natural Gas Pipeline Flows

Alberta Tops BC in Court Battle Over Provincial Rights to Control Oil, Natural Gas Pipeline Flows

The Alberta government has won an epic court battle with its British Columbia (BC) counterpart over rights of oil- and natural gas-producing provinces to control pipeline flows. The Canadian Federal Court of Appeal dismissed a BC lawsuit against a 2018 Alberta bill nicknamed the “turn-off-the-taps act,” formally titled the Preserving Canada’s Economic Prosperity Act. BC…

April 27, 2021
Liquids-Rich Production in Alberta’s Charlie Lake Field Inspires Calgary Dealmaking

Liquids-Rich Production in Alberta’s Charlie Lake Field Inspires Calgary Dealmaking

Liquids-rich natural gas and prolific oil properties in northwestern Alberta, known as the Charlie Lake field, inspired C$526 million (US$421 million) in deals announced this week by Calgary-based operators.  In one transaction, Tamarack Valley Energy Ltd. paid C$247.5 million ($198 million) cash and traded 105.3 million shares valued at C$2.34/share ($1.87) for Anegada Oil Corp.…

April 14, 2021
Alberta Working to Expand Natural Gas-Fired Petrochemical Projects with Inter Pipeline Grant

Alberta Working to Expand Natural Gas-Fired Petrochemical Projects with Inter Pipeline Grant

The Alberta government on Monday awarded a C$408 million ($326 million) grant to Inter Pipeline Ltd. for new industrial projects that use natural gas and its liquid byproducts as raw materials. Inter Pipeline is receiving the grant through the Alberta Petrochemicals Incentive Program (APIP) in three annual installments after the scheduled completion of its C$3.9…

April 5, 2021
Natural Gas Glut, Keystone XL Cancellation Seen Weighing on Alberta Finances

Natural Gas Glut, Keystone XL Cancellation Seen Weighing on Alberta Finances

After losing nearly C$1.3 billion ($975 million) on the aborted Keystone XL (KXL) oil export pipeline project, Alberta, Canada’s top fossil fuel-producing province, also stands braced for more lean years on oversupplied North American natural gas markets. The toll taken by the Covid-19 pandemic, energy commodity surpluses and a bad bet on the U.S. presidential…

February 26, 2021
Alberta-Focused Obsidian Plans to Increase 2020 Spending Amid Higher Commodity Prices

Alberta-Focused Obsidian Plans to Increase 2020 Spending Amid Higher Commodity Prices

Calgary-based exploration and production (E&P) company Obsidian Energy Ltd. said Monday it would try to capitalize on higher commodity prices by spending an additional C$3.2 million ($2.5 million) in 2020 to begin drilling the first pad in its Central Alberta Willesden Green asset. Obsidian’s 2020 capital spending is set to increase to C$56 million ($43…

December 1, 2020
‹ Previous 1 2 3 30