Oil Industry Canada

Quebec Is About To Become An Oil-Producing Province

CP | The Canadian Press | Posted 11.29.2016 | Canada Business

Junex's Galt field is tiny compared to the oilsands, but could still help Quebec.

Canada's $3.3-Billion Subsidy To Oil An 'Anti-Carbon Tax': Groups

CP | Bob Weber, The Canadian Press | Posted 11.16.2016 | Canada Business

Putting in a carbon tax while giving oil companies tax breaks doesn't make sense, climate groups say.

OPEC-Hating Trump Could Be Good News For Canada's Oilsands

CP | Dan Healing, The Canadian Press | Posted 11.10.2016 | Canada Business

CALGARY — Donald Trump's hostility toward trade with OPEC oil producers and interest in the U.S. energy security could boost demand for Canadian oil...

Canada's Oil Industry Is Set To Bleed $10B This Year

CP | Ian Bickis | Posted 10.04.2016 | Canada Business

It's the industry's second year of losses.

Halt Payments To Provinces That Refuse Pipelines, Industry Urges

CP | The Canadian Press | Posted 09.06.2016 | Canada Business

Industry group says it's just trying to "push buttons."

Housing Trouble To Replace Oil Crash As Source Of Canada's Woes

The Huffington Post Canada | Daniel Tencer | Posted 07.31.2016 | Canada Business

“Our ... concern now is that the housing bubble will burst before the year is out."

Big Oil Distorts Discourse To Fuel Its Bottom Line

DeSmog Canada | Posted 05.18.2017 | Canada Politics
DeSmog Canada

We've all seen a chart like it: logos of corporations connected by thin lines to other logos, linking dozens of subsidiaries to spin-offs of even larger companies. But such diagrams rarely involve Canada or the fossil fuel companies that dominate lobbying and other political efforts.

Oil Patch Sees Biggest Spending Collapse On Record

CP | The Canadian Press | Posted 04.08.2017 | Canada Business

$50 billion in annual spending has disappeared.

TransCanada Spends $13 Billion On U.S. Pipeline Company

CP | Lauren Krugel, The Canadian Press | Posted 03.17.2016 | Canada Business

Columbia operates a 24,000-km pipeline network.

Warning Sign: Banks Place Canadian Oil Companies On Watch List

CP | Ian Bickis, The Canadian Press | Posted 03.08.2017 | Canada Business

CIBC, RBC, Scotia each added nine oil firms to their watch lists. The companies' names are secret.

Export Development Canada Devotes $750 Million To Help Oil Biz

CP | The Canadian Press | Posted 02.25.2016 | Canada Business

EDC will hand out loans or loan guarantees to oil firms with an export plan.

Oil Price Crash Causing ‘One Of Largest Wealth Transfers In History'

The Huffington Post Canada | Daniel Tencer | Posted 02.04.2016 | Canada Business

Wealth is shifting from oil producers to oil importers at a rate of $400 for every person on the planet, every year.

Canada Now Selling World's Cheapest Oil: Report

The Huffington Post Canada | Daniel Tencer | Posted 12.18.2015 | Canada Business

Goldman Sachs says $20 oil may be necessary.

U.S. Is About To Start Exporting Oil. Is That Good Or Bad For Canada?

CP | Lauren Krugel, The Canadian Press | Posted 12.17.2016 | Canada Business

CALGARY — Experts see more good news than bad for Canada's energy industry if the U.S. lifts its decades-old ban on oil exports. The ban came int...

Why Canada's Oil Patch Isn't Worried About The Paris Climate Agreement

CBC | Posted 12.15.2016 | Canada Business

There was no tearing of hair or gnashing of teeth in the energy sector on Monday as details of the Paris agreement were digested. Shares in energy c...

David Suzuki's Comparison Of Oilsands To Slavery Raises Eyebrows

The Huffington Post Canada | Daniel Tencer | Posted 11.27.2015 | Canada Business

David Suzuki has long been a thorn in the side of Canada’s controversial oilsands industry, but the environmental activist’s comments on a radio s...

Oil Price Not Done Crashing, Saudi Arabia May Be Broke In 5 Years: Reports

The Huffington Post Canada | Daniel Tencer | Posted 10.27.2015 | Canada Business

Saudi Arabia projected to run massive deficits Storage getting close to capacity, Goldman Sachs warns Canadian oil producers, Alberta budget in ...

Shell Gets OK To Drill Off Nova Scotia

CP | The Canadian Press | Posted 10.20.2016 | Canada Business

HALIFAX — A federal regulator will allow Shell Canada Ltd. to begin exploration drilling off Nova Scotia after it reduced the number of days it wou...

Oilpatch Spooked By Prospect Of Another Prime Minister Trudeau

CP | Alexandra Posadzki and Lauren Krugel, The Canadian Press | Posted 10.15.2016 | Canada Business

The prospect of a change in government has at least one oilpatch CEO spooked. Grant Fagerheim, the chief executive of Calgary-based oil and gas produ...

More Bad News For The Oilsands

The Huffington Post Canada | Daniel Tencer | Posted 10.13.2015 | Canada Business

Those hoping for a quick recovery in Canada’s oil patch got bad news Tuesday from the International Energy Agency, which now says the global oil glu...

Wave Of Thefts Hit Canada's Oil Fields

CP | Lauren Krugel, The Canadian Press | Posted 09.14.2016 | Canada Business

CALGARY — Oilfield security firms say they've been dealing with more troublemakers in recent months with the crude price cratering and bringing dr...

Total Is Taking On The Canada Revenue Agency

CP | The Canadian Press | Posted 09.02.2016 | Canada Business

CALGARY — The Canada Revenue Agency is demanding $11.5 million in tax owing and interest from Total Energy Services Inc. (TSX:TOT), a ruling the Ca...

Oilsands Giants Cut Jobs, Slash Spending Again

CP/HuffPost Canada | Posted 07.30.2016 | Canada Business

Two major oilsands players have announced major spending cuts as they reported disappointing earnings. Cenovus Energy Inc.said it's looking to cut ...

Canada's Oil Industry Slashes Its Long-Term Growth Forecast

CP | Lauren Krugel, The Canadian Press | Posted 06.09.2016 | Canada Business

CALGARY - Canada's biggest energy industry group is predicting a slower pace of growth in Canada's oil sector because of the steep drop in oil prices....

Oil Prices Won't Bounce Back Anytime Soon: Conference Board

CP | Lauren Krugel, The Canadian Press | Posted 05.25.2015 | Canada Business

CALGARY - The Conference Board of Canada delivered bad news Wednesday for those hoping the pain from the latest crude oil downturn will subside any ti...