A cross-section of Canadian producer and contractor firms deepened 2020 capital spending cuts Monday in response to the worsening fossil fuel market outlook caused by the Covid-19 virus pandemic.
Articles from Canadian
After standing aside during 17 days of fruitless truce talks, police Monday took down an Ontario railway blockade that Eastern Canadian native rights crusaders erected to support western tribal protest against the Coastal GasLink natural gas pipeline project.
Western Canadian natural gas will continue to face stiff competition from unconventional American production, according to the operator of the supply collection grid in Alberta and British Columbia (BC).
A market test of Canadian demand for long oil delivery contracts and new capacity has begun on Express Pipeline, a 260-mile conduit from Alberta to Wyoming for 280,000 b/d or about 7% of traffic on the Enbridge Inc. network.
An Asian plan for the next British Columbia (BC) natural gas export terminal, Woodfibre LNG, has landed BP Gas Marketing Ltd. as its second customer with a deal that does double duty by contributing to project supplies too.
Raised regulatory hurdles and expanded roles for critics confront the Canadian fossil fuel industry under hotly contested legislation that the national Liberal government passed in the final hours of the 2019 session of Parliament.
Just as midstream companies are leaving no stone unturned in their efforts to alleviate oil and natural gas pipeline bottlenecks in the Permian Basin, Enbridge Inc. is looking to repurpose one of its diluent pipelines to offer relief to the oil takeaway problem in Western Canada.
Oil shippers would open space in plugged Canadian export pipelines, currently running at 98% capcity, by improving the quality of their product, the National Energy Board (NEB) said.
Despite congested pipelines and record U.S. production, Canadian oil exports to the Lower 48 increased 8% to 3.6 million b/d in 2018, according to National Energy Board (NEB) records.
Tulsa-based SemGroup Corp. has teamed up with KKR & Co. to buy into liquids-rich growth spots in Alberta and British Columbia (BC) shales, announcing on Thursday a takeover of the Calgary processing and pipeline firm, Meritage Midstream.