Alberta

“Intensified” surpluses will keep the lid on North American natural gas prices through 2017, the National Energy Board predicted in a three-year…

Statoil SA, which controls a broad portfolio of onshore and offshore leaseholds in North America, is reducing its workforce again, adding on to an enormous reduction in the industry’s workforce since the start of the year. One major Canadian drilling group expects up to 25,000 industry drilling jobs to be gone by the end of the year, while another put direct and indirect job losses in Canada at close to 185,000.

Statoil SA, which controls a broad portfolio of onshore and offshore leaseholds in North America, is reducing its workforce again, adding on to an enormous reduction in the industry's workforce since the start of the year. One major Canadian drilling group expects up to 25,000 industry drilling jobs to be gone by the end of the year, while another put direct and indirect job losses in Canada at close to 185,000.

The Canadian economic casualty count from low oil and natural gas prices is on the rise, with continued deterioration expected, industry experts are reporting, even as government data paints a rosier picture.

The Canadian economic casualty count from low oil and natural gas prices is on the rise, with continued deterioration expected…

About 2.9 Tcf of natural gas and 1.4 billion bbl of oil will eventually be produced from Canada’s share of the Bakken Shale formation, according to Saskatchewan and Canadian government earth scientists.

About 2.9 Tcf of natural gas and 1.4 billion bbl of oil will eventually be produced from Canada’s share of the Bakken Shale formation, according to Saskatchewan and Canadian government earth scientists.

Natural gas consumption for thermal oilsands extraction — Canada’s biggest, fastest-growing industrial fuel burner — stubbornly resists efficiency efforts and could increase faster than bitumen output, according to a new industry review.

Natural gas consumption for thermal oilsands extraction — Canada's biggest, fastest-growing industrial fuel burner — stubbornly resists efficiency efforts and could increase faster than bitumen output, according to a new industry review.